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A single coin wrapper can hold 50 cents in pennies, $2 in nickels, $5 in dimes and $10 in quarters. Deposit the rolled coins into your checking account and withdraw the money as cash.
The scammer will roll coins of lesser value or slugs of no value, or less than the correct number of coins in a roll, then exchange them at a bank or retail outlet for cash. To prevent these problems, many banks will require people turning in coins to have an account, and will debit the customer's account in the event of a shorted roll.
These original 1966 50c coins are now extremely rare to find in circulation and in coin rolls. $1 and $2 coins were introduced in 1984 and 1988 respectively, so there are more newer coins. There is a misconception that in 1988 and 1989, $2 coins with "HH" (initials of the designer; Horst Hahne) are rare and valuable.
A coin wrapper, also known as a bank roll or simply a roll, is a paper or plastic container designed to hold a specific number of coins. During 19th century, newly minted coins were collected in cloth bags. Initially, coin wrapping was a manual process. Since the onset of the 20th century, coin wrapping machines have been in use. The earliest ...
Coinstar, LLC (formerly Outerwall, Inc.) is an American company operating coin-cashing machines.. Coinstar's focus is the conversion of loose change into paper currency, donations, and gift cards via coin counter kiosks which deduct a fee for conversion of coins to banknotes; it processes $2.7 billion worth of coins annually as of 2019. [2]
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