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Ask our experts your Finance related questions here...
Redeeming coin for cash may be a daunting activity to do since you have to handle a lot coins you have with you. To make it simple, you can get coin sorting machine. It can help you sort out your coins based on their sizes. If you have already presorted your coins, you can directly go to the nearby bank and get the cash.
Step one: purchase the coin sorting machine
There are a lot of options of this machine you available for your consideration. If you use it for your personal need, you can consider the home coin sorter. You can buy it from online store or the local one. Read also the review available so that you can recognize the strength and the weakness of the machine you are going to buy.
Step two: put the coins into the machine
Right after you put your coins into the machine, you coins will automatically be sorted into some different stacks on some categories such as nickels, dimes, pennies, or quarters. Then, place the paper for coin tubes into the slots in the machine. Your coins will automatically fill the paper. However, if you don't have any paper coin tubes, you can get it from the nearby bank. Instead, you can also buy the packages of the paper via online store or while you are purchasing your machine.
When you put the coins into the hopper of the machines, you have to place it a handful at a time. Putting so many coins at once can cause your coin machine to jam. While you put the coins into the machine, your money will fill up the roll in the machine. If it has been fully loaded, take the roll out.
Step three: take your coins to the bank
After all of your coins are sorted, you can go to the nearby bank and redeem for the cash. In return, they will give you the cash in the same amount as your coins or as deposit.
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