How to get rid of the spare coins at home?

Very often, you will find coins in the pocket of your jeans, the inside pocket of handbags or even a little pile of it in the cupboard. Have you ever looked at it and wonder how you could get rid of it, either spend them all or turn them into notes?

There are a few coin collection systems out there such as Coin Dragon and Hey coins, that gobble up loose change and exchange it to octopus credit, notes or even cash coupons. But they are far from perfect. For instance, Coin Dragon got a 10% service charge if you intend to exchange it to octopus credit or banknotes.

Hong Kong Monetary Authority (HKMA) has introduced the Coin Carts under the Coin Collection Programme since 2014, which does not have any additional charge. There will be two Coin Carts that collect coins from the public in the 18 districts of Hong Kong on rotation.  

Here’s a glimpse of how it works.

People can bring their coins to a coin cart nearby to exchange it to banknotes or octopus credit. (Photo: Zephy Chung)

First, drop your coins into a basket provided. (Photo: Zephy Chung)

Coins value from 10 cents to 10 dollars are accepted. Other currencies are not accepted. (Photo: Zephy Chung)

HKMA staff will help transfer your coins from the basket to the coin counting machine. (Photo: Zephy Chung)

The coin counting machine will calculate the amount of coins inputted, as shown on the monitor. (Photo: Zephy Chung)

Each Coin Cart will stay at a location for a week from 9am to 7pm. Each cart is equipped with 2 coin counting machines. (Photo: Zephy Chung)

Although HKMA’s Coin Carts may not be too convenient compared to other services such as Hey Coins and Coins Dragon, which have set up machines in several major MTR stations, this service provided HKMA is free of charge. If the Coin Carts are happened to be in your neighborhood, why not give it a try and turn your coins into banknotes!

 

 

Editor: Dascha
Reporter: Zephy
Copy Editor: Christy
Content Manager: Rachel

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