8 Best Bill Counters | March 2017
- can count any currency
- can set batch count amounts
- very accurate counts
- ergonomic design with retractable handle
- includes led external display
- free dust cleaning brush and spare parts
- auto start and stop operation
- 2-hour continuous duty cycles
- easily accessible buttons on the top
- clear and user friendly buttons
- it has very quiet operation
- counterfeit detection rate of 1/700,000
- bearings are self-lubricating
- has a snap-open front cover
- authenticates bills using uv light
You're In The Money
Regardless of whether you're a business owner, a bank teller, or someone who appreciates accuracy when it comes to counting currency, a bill counter can be a valuable asset to ensure that the money you're handling is not only authentic, but properly scanned and catalogued.
A bill counter is a special monetary device dedicated to accurately counting a certain quantity of banknotes, checks, and even coupons as quickly as possible for batching and organizing. When a banker places a stack of cash into the machine's sorting tray (also known as a hopper), the bills are mechanically pulled through a microprocessor-based scanner one at a time with the help of a roller or internal wheel system.
As the bills are being pulled in, special fanning wheels that resemble plastic claws will separate the bills from one another. As the currency continues to be fed through the counter, each bill passes through the machine's optical sensor, which is designed to detect the edge of each bill. At this point, the currency is then counted and tallied up by the machine. This tally is based on the number of times the beam of light from the optical sensor has been interrupted, which tells the machine how many bills have passed through it.
An additional layer of technology that many bill counters utilize, after simple addition and tallying, is simple pattern recognition, which helps the machines determine the particular denominations of each bill being sorted. The microprocessor inside a typical bill counter can decipher the designs that are unique to each banknote, so it can always tell the difference between a one-dollar bill versus a twenty-dollar bill.
Another component of the bill counter that proves quite useful is its ability to detect counterfeit currency. The majority of bill counters leverage ultraviolet light (also known as black light) technology to illuminate the bills with florescent symbols printed on their surfaces, making it one of the most ideal means of counterfeit detection. With the advances in computers, copying, and laser printing, high-quality replication of many currencies has become significantly easier than ever before, hence the growing need for counters to be able to detect an invalid bill.
When a banknote is replicated in this way, the image on the bill sits on the paper's surface, making it easy for ultraviolet light to detect toner inconsistencies on paper in the same way an x-ray can be used as a diagnostic tool to detect damage to the human body. Once the counter has detected a fake bill, it displays a digital notice automatically to the machine's operator. Some machines will also produce an audible alert when this occurs.
Additional common features of many bill counters include addition and batching modes. As counters often reset themselves after feeding through a stack of bills, the addition mode allows the machine to continue counting when the operator puts a new stack of bills into the machine's hopper. This comes in handy when counting a large number of bills. Batching mode allows the operator to specify the number of bills needed per count, which the machine will feed before it stops counting. This is helpful when having to separate multiple stacks of currency.
Choosing The Best Currency Counter
The type of bill counter one chooses to invest in really depends on the business and how much cash one anticipates their staff having to organize. As most entry-level machines handle the feeding of between six and nine hundred bills per minute, these machines are ideal for mall kiosks, small clubs and businesses that may not experience the same kind of patron traffic as a major retailer or bank.
The location of the counter is also an important consideration. Some bill counters are compact in design, making them easy to use on a desk or table. Some machines also have built-in handles for additional portability, which is beneficial if you plan on using your bill counter on the road as part of a traveling business.
For such a situation, a battery-powered counter will also come in very handy. Some of the best currency counters also have large, digital displays so you can always read the values of your bills and remain confident in the machine's accuracy.
Finally, if you'll be dealing with a lot of customers, counterfeit detection is more important than ever. In fact, having a machine capable of both ultraviolet and magnetic scanning will provide added assurance that can prevent you and your business from being ripped off.
A Brief History Of The Bill Counter
The first automatic bill counters were manufactured in the United States in the 1920s by the Federal Bill Counter Company of Washington D.C. and were designed to both improve bank teller efficiency and reduce the chance for counting errors within the Federal Reserve Banking System. These early machines would stop feeding currency once a batch had been completed, allowing a bank teller to insert a wooden block so that the batches could be kept separate from one another.
In 1962, Tokyo Calculating Machine Works of Japan introduced a new technology that significantly increased the counter's speed and accuracy, setting the standard for most modern banknote counters still in use today.
In 1981, the REI high-speed machine was released and it leveraged computerized friction to count currency at over seventy thousand banknotes per hour, eliminating the need for manual sorting or counting entirely. This high-speed machine was also capable of sorting bills according to their values as well as detecting both counterfeit and damaged currency.
Another form of electronic counter that is popular today is one that can sort both paper currency and coins. These machines are usually used for counting individual deposits and the content of cash drawers.