How To Estimate Value Of Coins In A Coin Jar

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Photo credit © Manav Lohia Dreamstime
By 98.5 KTK

The country is still in a coin shortage thanks to the changed shopping habits of Americans in the midst of a pandemic. As stores request customers to pay in exact change or by debit/credit card, the director of the U.S. Mint echoed that statement this week by suggesting we cash in all those jars of change we’ve been collecting for years. But how much change do you have?  There's an easy way for you to estimate how much money is in your change jar without counting it. It’s a simple matter of making a calculation based on weight. For example, according to the US Mint’s coin specifications page, a quarter weighs 5.67g. Turns out that $10 in quarters weighs half a pound, which is certainly convenient. At 2.268g per dime, one pound of dimes also equals $20. The catch with using these numbers to make your own quick estimates is that you will still have to separate your coins before you weigh them, which is a bit of a hassle—but that’s where the Coin Jar Calculator steps in. You first weigh the container of change on a scale (bathroom scale works too).  Then grab a handful of the coins and count how many of each coin you got in your handful (5 quarters, 8 pennies, 3 nickles, etc.). Enter the number on the web form and it will give you a pretty darn good estimate. 

SOURCE: Lifehacker

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