Are coin counters accurate?
The results are in!
See the results of the coin counting experiment in the picture below.
I counted $170.53 in coins. The machine spat back one quarter and three dimes. So my count and the machine count differed by one dime, two nickels and a penny. I would suspect it was human error and these machines can be trusted to convert your money accurately!
Faith in humanity is now restored.
Do those change counters count accurately?
This is something I hope I’m not the only one that wonders about.
Our friendly neighborhood Commerce Bank revolutionized the coin-counting industry in Hoboken by offering no-fee machines for you to convert your metal into paper. Previously, we had to use those awful CoinStar machines, and pay a surcharge. However, is there a “built-in” surcharge on the Commerce Bank version?
Today’s experiment will answer the following:
- How much is 15.2 lbs of accumulated pocket change worth?
- Does the Commerce Bank coin counter secretly steal your money?
Only I’m insane enough to painstakingly count each and every coin just for this fruity experiment, hereby defeating the very reasons these machines were created for to begin with (convenience). It’s a lose-lose situation no matter how I think of it. Time, and money.
Today’s fun game:
- How much change do you think is here (15.2lbs)?
- How much will the change machine be off?
FYI, here’s a good starting point to guesstimate the amount. I subtracted 0.2lbs for the container weight. Then assumed each coin represented 25% of the weight. Pennies are 2.5g, nickels 5.0g, dimes 2.268g and quarters 5.67g. There are 454 grams in a pound x 15, 6810 grams/4=1702 grams per coin type. This resulted in an estimate of 680 pennies, 340 nickels, 750 dimes and 300 quarters. My ball-park is around $173.80. But keep in mind there can be more of one coin than another (i.e., less quarters because of laundry?)
Check back LATER TODAY to find out the answers!