A coin-counting machine is a device that is designed to count loose coins. The coin counters are mostly mechanical with a few incorporated electronic parts.
Depending on the type of machine you have or the setting you choose the coin counting machine may sort the coins in batches comprising of a certain value or it can give a total of the coins input.
Why Use Coin Counting Machine
The coin-counting machines eliminate the need for human labor when counting the coins. Coin counting is a repetitive task that requires the utmost focus and as such there is a high possibility of human error.
The coin-counting machine, not only accurately counts the coins but ensures that there is no risk of error since it is a machine it can be used for a long time without risking errors.
Components of a Coin-Counting Machine
There are different types of coin-counting machines. The different devices may incorporate additional features used to carry out other tasks.
It is therefore important to ensure that you select a coin counter that has all the features that you require.
- Input tray; this is where you deposit the coins to be counted. In a large-scale setup, a fully automatic coin-counting machine may include or be connected to an automated feeding system.
- Rotating disk; the rotating disk helps move the coins through the device depositing them in the collecting tray.
- Control panel; the control panel is used to set and regulate the speed and required parameters during the coin-counting
- Electronic sensor; an electronic sensor is fitted. The sensor picks up all the relevant information required to identify a coin.
- A microprocessor logic control unit; although the type of processor may vary. The function of the processor is to analyze data and sort the coins accordingly.
- Digital display: The number of counted coins is displayed as well as the set parameters.
- A deposit bin; can also be referred to as a collecting tray. Some coin counters come fitted with wrappers that tie off counted coins to reduce the risk of errors after counting.
How Coin Counting Machine Work
Different types of coin-counting machines work in different ways. In terms of working principle, the coin-counting machine can be grouped into two main categories. Digital coin-counting machines and weight-based coin-counting machines.
1. Digital Coin-Counting Machine
These types of coin counting machines are relatively more expensive but they also incorporate additional features that make them easy to use. The digital coin counting machine is fitted with sensors and microprocessors which help in analyzing the data from a coin.
Besides, the coins are deposited in the receiving tray. Each coin passes and is recorded immediately and with the data that was obtained the rotating lever deposits it into the appropriate tray. Digital coin-counting machines can be used to separate the coins according to currency. At the same time while keeping track of the value as well as the total amount of each bundle. It is more accurate as it is equipped with sensors.
2. Weight-Based Coin-Counting Machine
The weight-based coin-counting machine uses the physical attributes of the coin. It takes into account the weight of each coin. It is dependent on an electrical signal which is responsible for accurately assessing the weight of each coin.
Data obtained from the signal is compared to the internal database of the machine. This will enable the machine to count individual coins. It can also sort them according to the different categories with the information from the database.
· Speed of a coin-counting Machine
The speed of a coin-counting machine may vary depending on the type of coin-counting machine you have. There are small-scale coin-counting machines whose speed may range from as slow as 200 coins per minute.
Industrial-grade coin-counting machines could have speeds of as fast as 4000 coins a minute. The higher the counting speed the more expensive the coin counting machine will most likely be.
It is also therefore vital to select a coin-counting machine that will consider all your needs. For small-scale operations including restaurants or shops a slower and by extension cheaper coin-counting machine is suitable as they do not need to track a lot of coins at once.
How Coin Counting vs Coin Sorting Machines Compare
Coin counting machines are machines whose main function is to keep track of the total amount of coins that are passed through them.
They operate by keeping count and recording individual coins as they pass through the machine. Typically, coin-counting machines are also equipped with a sorting machine to separate the coins.
The coin sorting machine’s main function is to separate the different coins into groups with values and currencies. It also keeps track of the number of coins in each batch and then displays the number of coins in each denomination or currency.
Where to Buy Coin Counting Machine
With advances in technology buying a coin counting machine is a click away. You can easily search and purchase your coin-counting machine from a reputable online vendor. You can also purchase from electronic shops near you.
Conclusion
A coin counting machine may not be a priority for many business people but the machine has undisputable advantages. When processing a continuous inflow of money throughout the day, a coin-counting machine will make your work easier by taking on the hardest task of counting coins. It also provides you with accurate data without fear of errors. The machines are also fairly easy to use and do not require a lot of skill to operate.
More resources:
Currency Counting Machine – Source: Wikipedia