Money, Money, Money!

Noreen and I had a fun time this afternoon: we played at the King in his counting house.

We have a gallon whisky bottle into which we put our small change when we come in – basically the shrapnel that weighs down the pocket. The rule is if it is less than a £1 coin and it fits in the bottle, it goes in; basically that is everything except £1, £2 and old 50p coins.

We’ve been doing this for many years, and used to collect about half a bottle a year (usually around £150-£200) which we used as holiday spending money. But now that we’re not working there hasn’t been as much small change to go in the bottle, and we’ve been lazy, so it hasn’t been emptied for quite some years. The bottle has overflowed into a plastic jar, which has overflowed into a tin.

Today we decided to count our loot. In days of old sorting and counting the coins was a horrible job (one reason we kept putting it off!); it used to occupy us all afternoon. But I knew the job was looming so I acquired, for a few quid on eBay, a nifty little machine which sorts the coins (basically by size). It’s battery driven and a devilishly clever sorting mechanism based on two disks and sized slots.

The sorted coins are output into small tubes which are calibrated so you get the value of each full pot, whereupon it is relatively easy to bag the coins in amounts acceptable to the bank. Well almost – the calibrations aren’t exact so the bags still have to be weight-checked (and as a double check we counted a few random bags).

We counted and bagged an amazing total of exactly £500 – yes a monkey! – with a couple of bags of odds and sods left over. And in just a couple of hours the job’s a good ‘un. Doing the job entirely by hand would have taken the two of us at least all afternoon, and probably all evening as well.

If you think in terms of pennies and 5p coins, you need a lot to make up even £100. But do you know what makes the real difference? 20p coins. It’s hard to believe but over half the £500 total was in 20p coins. We’ve noticed over the years that you get about 50% more 20p coins than 10p or 5p coins, and of course they’re worth more. That soon ratchets up the extra value. So if you want to collect just one coin, then 20p is the one to pick.

All we have to do now is stagger the incredible weight to the bank and hope we’ve weighed everything correctly. Wish us luck!

And then we have to decide what to spend it on!