Can I go to the bank to exchange for cash if I have too many coins?

Yes

Coins are currencies made of metal. It has a history of thousands of years in our country. The earliest metal coinage is the Baode copper shell of the Shang Dynasty, which is more than 3,000 years ago. Metal coins have the advantages of ease of use, wear resistance and long cycle life.

If you have too many coins, you can go to the bank to exchange them for cash. Because coins are a type of cash, you can go to the bank to exchange them for banknotes, or you can exchange larger amounts of coins for banknotes with a larger face value. The exchange of coins is carried out according to the standard of change exchange. There is no handling fee for coins within 200 yuan. There is a handling fee of 1 yuan for every 100 yuan over 200 yuan. The excess amount is less than 100 yuan and is calculated as 100 yuan. Some banks in some areas have begun piloting change exchange machines, which are free of charge. Coins can be exchanged for coins from the bank.

Graded coins

The so-called graded coins refer to coins that have been authenticated by a professional appraisal company and given an objective score for their condition and grade, and then sealed in an anti-counterfeiting box. Therefore, the condition grading standard of a coin directly affects the grade score, and also fundamentally determines the market value of the coin.

The parts that will be emphasized when appraising the condition of a coin

Generally speaking, with the passage of time and the circulation of coins, there are many factors that negatively affect the condition of a coin. For example, artificial color oxidation, stamping, corrosion, environmental damage, improper cleaning, coin edge damage, scratches, stains, surface scratches, and polishing. These factors will ultimately be directly reflected in the coin’s condition grade.

1. Imprinting

The imprinting effect is an important consideration in coin grading. A well-imprinted coin should have a clear pattern without any blur or missing parts. There are two reasons for poor imprinting. One is weak imprinting, which is caused by insufficient pressure during coin imprinting; the other is the wear of the working die. This imprinting problem will mainly be reflected in the higher areas of the graphics and text.

2. High points and edges

In order to protect the graphics and text on the coins from wear and tear during circulation, many coins are designed with the edge higher than the face, so usually The edge of the coin is raised high, and the raised edge of the coin is the high point of the coin. However, the high point of some coins exists above the main body of the image and text. In this case, the damaged image and text of the coin is a comparison. common situation.

3. The deep engraving area

Generally refers to the bottom of the coin graphics and text, close to the base of the coin. This area is least likely to be damaged. Coins that generally show wear in the deep engraved areas will also have varying degrees of wear on the high points and base.

4. Edge teeth

The regular jagged edges of coins are edge teeth, and the condition of the edge teeth is a very important factor in identifying counterfeit coins.