NAICS Code 423420-13 - Coin/Bill Cntng Sorting/Wrap-Mach (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 423420-13 Description (8-Digit)

The Coin/Bill Counting Sorting/Wrap-Mach (Wholesale) industry involves the wholesale distribution of machines that are used to count, sort, and wrap coins and bills. These machines are typically used by banks, credit unions, and other financial institutions to process large amounts of currency quickly and accurately. The machines in this industry are designed to handle a wide range of denominations and can be customized to meet the specific needs of each customer.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 423420 page

Tools

Tools commonly used in the Coin/Bill Cntng Sorting/Wrap-Mach (Wholesale) industry for day-to-day tasks and operations.

  • Coin counting machines
  • Bill counting machines
  • Coin sorting machines
  • Bill sorting machines
  • Coin wrapping machines
  • Bill wrapping machines
  • Currency counters
  • Currency sorters
  • Currency wrappers
  • Coin bags
  • Bill straps
  • Coin tubes
  • Bill counters
  • Bill sorters
  • Bill validators
  • Coin scales
  • Coin trays
  • Bill trays
  • Coin scoops
  • Bill counters with counterfeit detection

Industry Examples of Coin/Bill Cntng Sorting/Wrap-Mach (Wholesale)

Common products and services typical of NAICS Code 423420-13, illustrating the main business activities and contributions to the market.

  • Coin counting machines for banks
  • Bill sorting machines for credit unions
  • Currency counters for casinos
  • Coin wrapping machines for vending machine companies
  • Bill counters for retail stores
  • Currency sorters for armored car companies
  • Coin scales for coin dealers
  • Bill validators for amusement parks
  • Coin trays for laundromats
  • Bill trays for parking garages
  • Bill counters with counterfeit detection for government agencies

History

A concise historical narrative of NAICS Code 423420-13 covering global milestones and recent developments within the United States.

  • The "Coin/Bill Cntng Sorting/Wrap-Mach (Wholesale)" industry has a long history dating back to the early 20th century when the first coin counting machines were invented. The first coin counting machine was invented in 1927 by a man named Arthur Fenton. The machine was called the "Fenton Coin Counter" and it was used to count coins quickly and accurately. In the 1950s, the first bill counting machines were invented. These machines were used to count large amounts of bills quickly and accurately. In the 1970s, the first coin sorting machines were invented. These machines were used to sort coins by denomination and to remove damaged coins from circulation. In recent history, the industry has seen significant advancements in technology, with the introduction of machines that can count, sort, and wrap both coins and bills at a much faster rate than ever before. These machines are now widely used in banks, casinos, and other businesses that handle large amounts of cash.