Not everyone has heard of coin trays, and you might think it’s an outdated tool that isn’t used much today. It’s easy to believe that they are no longer in use or that only a handful of companies and businesses use them, but this isn’t quite true.
Teller cash trays are still a trusted tool for several businesses, three of which might come as a surprise. Although coin trays could be replaced by mechanical systems or a counting machine, they serve a special purpose that isn’t so quickly replaced.
What Businesses Still Use Coin Trays?
Any business may choose to use coin trays in their day-to-day routine, but banks, restaurants, and small businesses are some of the top three businesses that regularly rely on them.
In a world where money drives business and keeping order is the line between success and failure, it’s vital for these three businesses to have an easy way to sort and divide coins throughout the day.
Banks, for example, use these trays to keep coins handy when you need a withdrawal. The trays make counting and rolling coins much easier, and the process is less time-consuming. Without these trays, a bank teller would have to count out and search for the coins before being able to present you with your withdrawal or a fresh roll of coins.
When it comes to daily business, restaurants need a way to accommodate both credit cards and cash. Coin trays fit conveniently into their cash register drawer and make counting back change a breeze. Since coin trays are labeled and segmented into easy-to-see rows and sections, cashiers can quickly grab the change they need.
Small businesses often won’t have the means to purchase an automatic cash machine, but coin trays are affordable and serve a similar purpose. They make it easy for small businesses to track and count coins at the end of a work day.
Why Do These Businesses Rely on Coin Trays?
Coin trays are simple and easy to use which means there is no learning curve to them. Anyone can use them for their intended purpose whereas complex machines can be troublesome and sometimes malfunction.
When it comes to sorting and counting coins, having a quick way to do so is important. It saves time and makes counting simple.
Coin trays are always labeled and have designated rows for pennies, nickels, dimes, quarters, half dollars, and sometimes even dollar coins. These rows are then divided into smaller sections that each hold five coins. This additional segmentation makes grabbing coins easy and helps you see which marker is meant for which section.
Along with the indicator at the top of coin trays, there are markers for every five-coin section. If a row isn’t filled completely, it’s still easy to determine how many coins there are.
Coin trays are still useful today because their clear markers and simple usage mean anyone can use them. They’re affordable compared to more modern machines, but they’re also reliable and have been used for decades. Despite their seemingly outdated appearance, coin trays remain an important tool for many businesses today and will continue to be so for years to come.