Coin Wrap Inc
CoinWrap is the largest privately-owned U.S. coin services company, providing outsourced coin wrapping, verification, storage, and logistics to the Federal Reserve Bank, 60+ on-site coin terminal operators, banks, and retailers across 40 states through proprietary equipment and the Coin2 Solutions Suite.
- Company typePrivate
- Founded1979
- HeadquartersHarrisburg, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Coin Wrap Inc does
CoinWrap Inc is a privately-held, family-owned coin services company headquartered in Harrisburg, Pennsylvania, that provides outsourced coin wrapping, processing, verification, storage, and logistics for the U.S. coin supply chain. Founded in 1979 by Floyd String, building on a family coin heritage dating to 1929, the company has grown into the largest privately-owned coin-only services provider in the United States, operating 70+ facilities across 40 states and producing more than 70,000 boxes of wrapped coin per day. Its customer base includes the U.S. Federal Reserve Bank (which it serves through three FRB Coin Depots in Middletown, Dallas, and Denver), 60+ on-site coin terminal operators, third-party coin processors, retailers, banks, and depository institutions.
The company's core technology is the proprietary CWI 700EZ coin wrapping machine and a proprietary anti-pilfer security-shipping box, complemented by GPS-monitored, fully-insured logistics. Its flagship product is the Coin2 Solutions Suite, which productizes five service lines — Coin2YourDock (dock delivery), Coin2YourDoor (USPS Registered Mail rolled-coin delivery), Coin2PickUp (wrapping services), Coin2Deposit (verification processing), and Coin2Logistics (bulk shipping) — under a unified platform architecture. The company also operates the ChangeForOthers.com charitable initiative (founded 2022) as a sub-brand.
CoinWrap's business model is professional-services and transaction-fee based, with quote-based pricing structured around multi-year contracts. Services are delivered either on-site at customer facilities or from its six named standalone processing locations, with the company managing all coin wrapping operations on-site at 60+ customer sites. Revenue streams include wrapping services, verification and processing, delivery and logistics, equipment leasing and maintenance, and managed storage services. The go-to-market is enterprise B2B field sales, supported by a website, content marketing, direct phone outreach, and referral channels.
Coin Wrap Inc firmographics
Firmographics- Name
- Coin Wrap Inc
- Legal name
- CoinWrap, Inc.
- Website
- https://coinwrap.com
- Company type
- Private
- Founded year
- 1979
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- CoinWrap is the largest privately-owned U.S. coin services company, providing outsourced coin wrapping, verification, storage, and logistics to the Federal Reserve Bank, 60+ on-site coin terminal operators, banks, and retailers across 40 states through proprietary equipment and the Coin2 Solutions Suite.
- Ownership category
- akta.pro rank
Coin Wrap Inc industry classification
Industry- Product category
- Coin Processing Services
- NAICS
- Warehousing and Storage (493)
- SIC
- Public Warehousing & Storage (4220)
- akta.pro primary industry
- Coin & Currency Logistics (Mint-to-Bank Distribution) (BPAKAIAD)
- akta.pro secondary industry
- Cash & Coin Processing / Cash Centers (FSAMAOAF)
Keywords
Where Coin Wrap Inc is headquartered
LocationHeadquarters
- HQ city
- Harrisburg
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
Coin Wrap Inc business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Coin Wrapping Services: Complete wrapping services for coin denominations including penny, nickel, dime, quarter, half dollars, and dollar coins. Offered both on-site at customer facilities and from standalone locations.
- Coin Verification & Processing: Coin deposit verification processing with detailed reporting including sorting of non-processable items (bent, foreign, tokens) for recycling/repatriation.
- Coin Delivery Services: Direct shipments of boxed coin to customer docks and rolled coin combo boxes shipped via USPS Registered Mail with tracking and signature confirmation.
- Equipment Leasing & Maintenance: Leasing and maintenance contracts on coin wrapping equipment for customers operating on-site.
- Storage Services: Short and long-term high security storage available at certain facilities as space/demand warrants.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom quote-based pricing based on service requirements |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Coin Wrap Inc product offering
Product offeringCore offering
CoinWrap provides complete coin wrapping, verification, specialty processing, storage, logistics, and direct shipment services for U.S. coin supply chain customers. The company operates both on-site at 60+ customer facilities and from standalone processing locations across the country, handling all coin denominations for coin processors, third-party processors, banks, and retailers. Their Coin2 Solutions Suite bundles dock delivery, rolled-coin USPS delivery, wrapping services, deposit processing, and bulk coin logistics into an integrated offering.
Product overview
CoinWrap Inc operates as the largest privately-owned coin-only services provider supporting the entire U.S. coin supply chain. The company's core offering is the 'Coin2 Solutions Suite,' a comprehensive platform of coin processing services that includes Coin2YourDock (coin delivery), Coin2YourDoor (rolled coin USPS delivery including the Pennybox product), Coin2PickUp (wrapping services), Coin2Deposit (verification processing), and Coin2Logistics (GPS-tracked bulk shipping). Supporting these are specialty packaging, deposit verification, inventory management, storage, and the proprietary CWI 700EZ coin wrapping equipment available for lease. The company also operates Change For Others, a charitable initiative for coin donations. Services are delivered both on-site at customer facilities and from standalone locations across six states.
Differentiator
Problem solved
Functional benefit
Brands
- Coin2: Innovative suite of coin solutions including Coin2YourDock (coin delivery to dock), Coin2YourDoor (rolled coin orders delivery), Coin2PickUp (coin wrapping services), Coin2Deposit (loose change deposits), and Coin2Logistics (bulk coin shipping).
Products and services
- Coin2 Solutions Suite Comprehensive suite of coin processing and fulfillment services for enterprise customers, including Coin2YourDock (dock delivery), Coin2YourDoor (rolled coin delivery via USPS), Coin2PickUp (wrapping services), Coin2Deposit (loose change deposit processing), and Coin2Logistics (bulk coin shipping with GPS tracking and insurance).
- Coin Wrapping Services Complete coin wrapping services for all denominations including penny, nickel, dime, quarter, half dollar, and dollar coins, provided as 50-count boxes (40-count for dollar coins), 25-count boxes, and 10-count boxes. Offered both on-site at customer facilities and from standalone processing locations.
- Coin Deposit Verification Processing Coin deposit processing with detailed reporting that includes sorting of non-processable items such as bent coins, foreign coins, and tokens for recycling or repatriation. Accepts Fed standard bags, mixed coin bags, and proprietary containers.
- Coin Management Services Full-service outsourcing and subcontracted coin management including inventory control, verification, packaging, order fulfillment, shipping, balancing, auditing, and reporting. Also provides short and long-term high-security storage at certain facilities.
- Specialty Packaging Specialty packaging of coin rolls, boxes, and bags for any amount of coin and/or tokens, including processing of large quantities of proprietary coin containers with detailed reporting.
- Coin2 Logistics Third-party logistics service for shipping bulk coin nationwide with up to 3 stops per load. All loads are fully insured for contents and monitored with GPS tracking systems.
- CWI 700EZ Coin Wrapping Machine Proprietary industry-standard coin wrapping machine operated by CoinWrap to provide high-quality wrapping services. Available through leasing and maintenance contracts to customers operating on-site coin wrapping facilities.
- Pennybox (100-Roll PennyBox) Pre-packaged combination box containing 100 rolls of wrapped pennies for delivery, shipped via USPS Registered Mail with tracking and signature confirmation. Designed for retailers and businesses needing regular penny change fund replenishment.
Quantifiable outcome
- Zero missed orders in 40+ years of operation
- +2 more outcomes
Companies that use Coin Wrap Inc
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
Coin Wrap Inc technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Coin Wrap Inc partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- ChangeForOthers.comminorCharitable initiative founded in 2022 encouraging people to donate spare change to charities. CoinWrap supports this initiative, which operates independently from CoinWrap's core business operations.
Scale indicators8 records
Recent moves6 records
Expansion highlights4 records
Coin Wrap Inc competitors and assessment
Company assessmentEmerging players
- Coinstar: Operates self-service coin-counting kiosks in retail locations, processing consumer coin volumes. While customer-facing rather than B2B, Coinstar competes for some of the same coin volume that flows through CoinWrap's ecosystem.
- Pennies From Heaven: Charitable coin donation program operating in the UK and Ireland, conceptually adjacent to CoinWrap's Change For Others initiative. Comparable in the niche of routing consumer coin hoards to charity rather than commercial coin processing.
Direct peers
- Brink's: Global cash-in-transit and cash management leader that handles coin processing, secure logistics, and ATM services for banks and retailers. Directly comparable to CoinWrap's core coin wrapping and logistics offerings, though operating at vastly larger scale across multiple geographies.
- Loomis: International cash handling, coin processing, and valuables logistics provider serving banks, retailers, and central banks. Comparable to CoinWrap in coin processing and secure transportation, with additional international footprint and broader service portfolio.
- Dunbar Armored: U.S. cash-in-transit and coin processing specialist serving banks, retailers, and government institutions nationwide. Closely comparable to CoinWrap in scale and service mix for U.S. coin logistics and on-site cash handling.
- GardaWorld (Cash Logistics): One of the largest privately-held cash services and secure logistics companies globally, offering coin processing, CIT, and ATM services. Directly comparable to CoinWrap in core coin handling and secure transport offerings for financial institutions and retailers.
- Cash Connect (a Brink's subsidiary): Provides outsourced cash and coin management services for retailers and financial institutions, including change-order logistics and coin processing. Directly comparable to CoinWrap's Coin2YourDock, Coin2YourDoor, and on-site terminal service offerings.
Regional players
- Royal Mint (UK): UK government-owned mint that produces and distributes circulating coinage, comparable in the upstream mint-to-distribution flow that CoinWrap handles downstream. Operates in a different geography but performs analogous coin logistics functions.
Broad incumbents
- United States Mint: U.S. federal agency responsible for producing coinage, with which CoinWrap facilities are approved to operate. Comparable as a key node in the U.S. coin supply chain but serving as upstream regulator/partner rather than direct competitor.
- Federal Reserve Bank Cash Services: Operates in-house coin depots and currency distribution infrastructure through the Federal Reserve System. Directly relevant as CoinWrap's largest customer/partner and a potential insourcing threat; comparable scale of coin logistics but operated by government.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Coin Wrap Inc social profiles
Digital presenceCoin Wrap Inc financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coin Wrap Inc leadership team
Management profileNumber of profiles
Profiles1 record
Coin Wrap Inc funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coin Wrap Inc M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coin Wrap Inc
What does Coin Wrap Inc do?
CoinWrap provides complete coin wrapping, verification, specialty processing, storage, logistics, and direct shipment services for U.S. coin supply chain customers. The company operates both on-site at 60+ customer facilities and from standalone processing locations across the country, handling all coin denominations for coin processors, third-party processors, banks, and retailers. Their Coin2 Solutions Suite bundles dock delivery, rolled-coin USPS delivery, wrapping services, deposit processing, and bulk coin logistics into an integrated offering.
Is Coin Wrap Inc a public or private company?
Coin Wrap Inc is a private company. It is classified as family owned and is currently operating.
When was Coin Wrap Inc founded?
Coin Wrap Inc was founded in 1979. It employs 101 to 250 people.
Where is Coin Wrap Inc based?
Coin Wrap Inc is headquartered in Harrisburg, United States, in the North America region.
How does Coin Wrap Inc make money?
Five revenue lines are on record. Coin Wrapping Services are the primary driver. The others are coin Verification & Processing, coin Delivery Services, equipment Leasing & Maintenance and storage Services.
Who are Coin Wrap Inc's main competitors?
Emerging players on record are Coinstar and Pennies From Heaven. Direct peers are Brink's, Loomis, Dunbar Armored, GardaWorld (Cash Logistics) and Cash Connect (a Brink's subsidiary). Royal Mint (UK) is listed as a regional player. Broad incumbents are United States Mint and Federal Reserve Bank Cash Services.
Does Coin Wrap Inc have an API?
No public API is recorded for Coin Wrap Inc.
What industry is Coin Wrap Inc in?
Coin Wrap Inc's product category is Coin Processing Services. Its primary akta.pro industry code is BPAKAIAD, Coin & Currency Logistics (Mint-to-Bank Distribution), with a secondary code of FSAMAOAF, Cash & Coin Processing / Cash Centers. Its NAICS code is 493 and its SIC code is 4220.