How to Correctly Put Coins in Coin Wrappers

Managing loose change effectively simplifies financial tasks, whether for personal savings, bank deposits, or decluttering. Properly wrapping coins ensures they are neatly contained and accurately counted, facilitating acceptance at financial institutions or for transactions. This process transforms piles of coins into manageable units.

Gathering Your Supplies

Before wrapping coins, gather the necessary materials. You will need coin wrappers for each denomination. These paper wrappers are color-coded by American Banking Association (ABA) standards: red for pennies, blue for nickels, green for dimes, and orange for quarters. Half-dollar wrappers are typically tan or yellow, and dollar coin wrappers are often gray or black.

Each wrapper holds a standard quantity and value of coins:
Penny wrappers hold 50 pennies ($0.50).
Nickel wrappers hold 40 nickels ($2.00).
Dime wrappers hold 50 dimes ($5.00).
Quarter wrappers hold 40 quarters ($10.00).
Half-dollar wrappers hold 20 coins ($10.00).
Dollar coin wrappers hold 25 coins ($25.00).
You can obtain wrappers from most banks, office supply stores, or online retailers. Coin sorting trays or tubes can also help organize coins by denomination.

Filling Coin Wrappers

With your supplies ready, begin filling the wrappers. Many wrappers come with one end pre-crimped or folded. If using a flat wrapper, fold one end to create a secure base. Count the exact number of coins required for the specific denomination. For instance, ensure you have 50 pennies for a penny wrapper or 40 quarters for a quarter wrapper.

Once counted, gently slide coins into the wrapper. After all coins are inside, secure the open end by folding or crimping it. Accuracy in counting is important because banks may unroll and recount coins if there are discrepancies.

Handling Filled Coin Wrappers

After wrapping your coins, take them to a financial institution. Most banks and credit unions accept wrapped coins for deposit or exchange into bills. While many banks prefer wrapped coins, some may require re-counting or have specific procedures, so contact your bank beforehand. Banks generally do not charge account holders for this service.

For those not immediately depositing coins, proper storage is recommended to maintain their condition and organization. Wrapped coins can be stored in secure containers or designated coin boxes. These rolls are also useful for making small purchases at businesses that accept them.