CANVAS COIN BAGS
The Coin money history
Productivity and efficiency are vital in the banking sector, and the designs of the products for the industry need to have this factored in. The coin bags are used for ease of counting and packaging coins in the bank and financial institutions. A canvas coin bag comes with markings on it indicating the amount of coin money in it, or come in the standard color-coding mode.
Cash remains a significant invention that eased trade transactions, enabling a seller to become a seller when they so choose. In 1600 BC, King Alyattes of Lydia minted the first coins that would be used as currency from electrum, a natural gold and silver mixture. King Alyattes would then mint some gold coins too. Pictures were stamped onto the coins to act as denominations. Lydia was a wealthy empire in Asia Minor. Unique bags would be used to transport these coins from one place to another.
Other empires would adopt the coin trade, and Europe would use coins in trade up to the 16th century when banks started using banknotes. Depositors would take the notes to the bank for the face value exchange of gold and silver coins. Special coin bags would be used to store and transport the coin money.
coin bags for banks
For businesses like banks handling large currency sums, especially in coin form, it is vital to have the right type of bag for storage or transportation, and for successful business operations. The right kind of currency bag will keep your assets safe.
When handling money and financial documents, the canvas bag is the top option for most businesses. For banks, the bags can be customized and branded with the company’s logo, besides having the currency value printed on the bag.
Coin bags types:
- Canvas coin bags
- Cotton duck cloth
- Clear plastic coin bags
- Paper coin bags
- TripLok currency bags
Canvas coin bags types
- They can have a square or flat base
- May come with strap ties
- Some bags are reinforced with a numbered Grip Lok plastic seal
- Or the bags can have a durable zipper, keeping your coins safe.
What are canvas bags made of?
- Cotton, from the cotton plant. This is the highest preference for banks and industrial quality.
- Linen, from the flax plant
- Hemp, from the cannabis plant.
Canvas coin bags features
The financial industry has used canvas coin bags for decades. The bags can have a square bottom or flat bottom design, and most banks prefer using them for their coin currency because:
- Size variety: Canvas bags come in different sizes, and therefore can be customized to the sizes that can hold specific quantities.
- Reinforced seams: Canvas bags are resilient to weight, are tough, with incredible strength. The triple thread stitching is giving them the ability to withstand large amounts of heavy coins without splitting. Canvas bags are tear-resistant.
- Biodegradable: Canvas bags are environment friendly, with 100% natural cotton composition, woven from untampered cotton fabric.
- Natural contents: The natural bags are ideal for storing coins as they do not contain harmful chemicals that can cause coins’ corrosion from unexpected reactions. They are woven in a way that allows air circulation for freshness too.
- Durability: They are reusable and washable and can be used for a long time, thus helping protect the environment. You can hand wash them, or wipe with cold, soapy water, their air dry. You can use a soft brush on the stubborn stains. 10oz and 12oz bags can last to about one year with daily use.
- Canvas bags are affordable and are one of those cases where quality meets value.
- They are an economical alternative for shipping coins. You can go for the design that has a plastic seal to secure the bag tightly for this purpose.
- Versatility: The Canvas bags can be applied to other uses besides handling coins. They can also come in different shapes and sizes. They can be used as shopping bags to carry other items.
- Canvas can be painted/printed over, and therefore it is easy for banks to print their logos on them and other details concerning the currency therein for ease of identification. You can dye them or even embroider designs on them.
- Banks prefer canvas bags because their heavy fabric does allow for rough handling that comes with the movement and transfer of bank coins.
- Canvas bags are absorbent, and can, therefore, absorb considerable amounts of water and humidity, protecting coins therein.
Canvas bags cons
- Canvas bags are priced according to design, and some designs can be pricey. If you make a comparison between plastic bags and the canvas bags, the canvas bags will cost you a little more than a plastic bag would have.
- The process of production of cotton that is used to produce canvas bags harms the environment. That is from the pesticides used in their cultivation, which can cause the death of animals as a result of water contamination.
- Cotton production requires large quantities of water, and in an era where there has been a sharp shortage of freshwater around the world, it may not be feasible.
- The bottoms of canvas bags provide an environment that encourages the development of bacteria, yeast, and molds, which can bring health complications to an individual.
- Canvas is not waterproof by itself and can be affected by water and moisture if not air dried adequately.
Q&A
- Where can one buy canvas coin bags, bank-grade?
You can purchase canvas bags for your currency handling and other uses online from sites like eBay, Amazon, Etsy.com, and NetBankStore.com.
- How much does a canvas bag cost?
The price for canvas bags can range from $1 to
Conclusion
In the history of banking, different types of bags have been used in the transportation and storage coins. With time, canvas bags emerged a preference of many. The bags can accommodate and hold heavy coin loads, it is hard to slice open with a knife hence guarding against theft, and the versatility in size between 14’’ to 24’’ made them ideal.
Every product has its negative and positive sides. By choosing the product that has minimal ill effects and working to minimize them, we can ensure that we have a safer and useful product. The benefits that come with the canvas products, compared to all other available options on coin handling in banks, make them the most ideal. Canvas ages gracefully.