You may be using credit cards and debit cards more often than cash these days, leaving all that change collecting dust in your coin jar. If that’s the case, you may want to roll up your coins and deposit them into your chequing or savings account.
When it comes to quarters, rolling them up can add up to a large sum. The question is, how many quarters do you need to make a roll? And how much is that roll worth?
Let’s dig in to find out.
What Is The Canadian Quarter?
The Canadian quarter was issued by the Royal Canadian Mint in 1870 and has been in existence nearly as long as Canada has been a nation.
The 25¢ coin looks different today than when it first originated. Instead of the caribou design that we see today, the original quarter featured crossed maple boughs. In fact, its design has changed a few times over the decades.
The Canadian quarter’s mass and composition have also changed over time. Today’s quarter consists of 94% steel, 3.8% copper, and 2.2% nickel plating. Earlier, the quarter was 92.5% silver and 7.5% copper.
Why Are Coins Rolled?
Coins are rolled to make it easier to store, distribute, and count them. If you plan to bring a stack of quarters to the bank to cash them in for bills or deposit them into your bank account, you’ll often need to present them in rolls. By rolling your coins, it will make it easier for the bank teller to count and deposit the funds.
Coin wrappers can be found at big-box department stores, the post office, or the bank.
How Many Quarters Are In A Roll?
Each roll holds 40 quarters. Since one quarter is worth 25¢, that means each roll of quarters is worth $10 (25¢ x 40).
How Many Quarters Do You Need For $10?
To reach a total of $10, you’ll need 40 quarters.
How Many Quarters Do You Need For $20?
You’ll need 80 quarters to get $20.
How Many Quarters Do You Need For $50?
To reach $50 in quarters, you need 200 quarters.
How Many Quarters Do You Need For $100?
To get $100 in quarters, you need 400 quarters.
As you can see, having your quarters rolled makes it much simpler to determine how much money you have in your hands without having to count each coin individually.
How Many Coins Are In Each Roll Based On The Coin Wrapper?
To help distinguish between the different types of coins, each coin roll comes in a different colour. And within each coin roll is a certain dollar value, as follows:
| Roll Colour | Coin Type | Coin Value | # of Coins/Roll | Roll Value |
| Blue | Nickel | 5¢ | 40 | $2 |
| Green | Dime | 10¢ | 50 | $5 |
| Orange | Quarter | 25¢ | 40 | $10 |
| Black | Loonie | $1 | 25 | $25 |
| Purple | Toonie | $2 | 25 | $50 |
How To Exchange Quarters For Paper Cash
If you have a ton of quarters and can package them into several rolls, you may want to trade them in for large bills. The question is, where can you go to exchange your quarter rolls for cash?
Banks
Perhaps the most obvious place to go is your local bank. These financial institutions may be looking for coin deposits to help add to their inventory and supply customers who depend on coins for daily transactions.
For instance, many businesses rely on coins to conduct day-to-day operations, particularly when it comes to making change.
That said, different banks may have their own unique policies when it comes to coin acceptance. For instance, some may accept loose change, but others may require that the coins be rolled. Call ahead before bringing your quarters.
Local Businesses
As mentioned, businesses may need to have a large stash of change on hand when completing transactions with their customers, such as stores with point-of-sale terminals. It’s possible that they may be willing to exchange larger denominations for the coins you’ve got.
Coinstar Kiosks
Get cash quickly by using Coinstar kiosks, which are located in grocery stores all throughout Canada. You can visit their website and type in your location to see if there’s a machine near you.
The great thing about Coinstar is there’s no need to roll the coins. You don’t even have to count or sort them. Simply load your coins into the machine, and it will do all the work for you. Keep in mind there is an 11.9% processing fee to use these kiosks.
Coinstar Gift Cards
You can avoid fees by cashing in your coins for a Coinstar eGift card that you can use at participating stores and restaurants. The gift cards contain a unique code that you use when you checkout.
Frequently Asked Questions
Where can I get a roll for my quarters in Canada?
How many rolls of quarters do I need for $100?
How many rolls of quarters do I need for $10?
How many rolls of quarters do I need for $40?
How many rolls of quarters do I need for $50?
Final Thoughts
If you have a bunch of quarters piled up and don’t know what to do with them, consider rolling them and exchanging them for some cash. Depending on where you cash them in, you may not even need to roll them at all, saving you plenty of time. You never know how much money you might have in coins lying around.
