NAICS Code 423850-28 - Coin & Bill Changing Machines (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423850-28
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NAICS Code 423850-28 Description (8-Digit)

Coin & Bill Changing Machines (Wholesale) is a subdivision of the NAICS Code 423850 that involves the wholesale distribution of coin and bill changing machines. These machines are used in various settings such as laundromats, arcades, vending machines, and other self-service industries. The machines are designed to accept bills and coins and dispense change in the form of coins or bills. The machines are available in different sizes and capacities to meet the needs of different businesses.

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 423850 page

Tools

Tools commonly used in the Coin & Bill Changing Machines (Wholesale) industry for day-to-day tasks and operations.

  • Coin and bill acceptors
  • Coin and bill dispensers
  • Coin and bill counters
  • Coin and bill sorters
  • Coin and bill validators
  • Coin and bill changers
  • Coin and bill recyclers
  • Coin and bill tubes
  • Coin and bill trays
  • Coin and bill hoppers

Industry Examples of Coin & Bill Changing Machines (Wholesale)

Common products and services typical of NAICS Code 423850-28, illustrating the main business activities and contributions to the market.

  • Laundromats
  • Arcades
  • Vending machines
  • Parking garages
  • Car washes
  • Self-service kiosks
  • Casinos
  • Amusement parks
  • Zoos
  • Museums

History

A concise historical narrative of NAICS Code 423850-28 covering global milestones and recent developments within the United States.

  • The "Coin & Bill Changing Machines (Wholesale)" industry has a long history dating back to the early 20th century when the first coin-operated vending machines were introduced. These machines were initially used to dispense gum and candy, but soon their use expanded to other products such as cigarettes, beverages, and even newspapers. The first bill changers were introduced in the 1960s, and they quickly became popular in various industries, including retail, hospitality, and transportation. In recent years, the industry has seen notable advancements in technology, such as the introduction of cashless payment systems and the integration of artificial intelligence and machine learning in vending machines. In the United States, the industry has been growing steadily, with a focus on providing innovative solutions to meet the changing needs of consumers and businesses.