Coin Roll Scam
How the Coin Roll Scam Works
A scam that can be common among shopkeepers or retail outlets in shopping malls is the Coin Roll scam. It works best with a roll of quarters – or more.
Here, someone claiming to be from a nearby store will drop by the cash register – often in the morning just after opening – and ask for a sum of cash in paper money in return for the equivalent amount in coins. For example, they may present you with five rolls of quarters and ask for $100 in bills – perhaps five 20-dollar bills or a combination of smaller ones.
This person will likely be dressed in a uniform-like polo shirt, sometimes with a name tag on their chest to feign legitimacy from a nearby store. They might tell you some story to support their lack of paper money at the store; maybe their manager took the day off and left them in charge with no bills, will ask you to hand over paper money in return for their coin rolls. They'll say how much trouble they think they are in, and repeatedly express how thankful they are for you to comply.
After the person leaves, you'll discover upon opening the rolls that there are no actual coins in! Merely a quarter on either end and nothing but washers in between.
If you try to find this person again, chances are they are not employed at the store where they said they were from, or there is no store near yours, or perhaps at all.
Watch the video below to see the Coin Roll explained:
It should be noted that retail workers never ask neighboring stores for cash. These trades can and should easily be made to the nearest retail bank. No matter how legitimate-looking the person walking into your store may seem, or how flustered this person may appear over their lack of paper money or how much they try to persuade you to hand over a wad of cash, don't fall for it. This person should be asking for money at the bank, NOT your store.
Coin Roll: How To Report a Scammer
Warn your family and friends about the Coin Roll Scam by sharing it on social media using the buttons provided. You can also officially report scammers to the local Police (using the in-store cameras from your shop) or the Federal Trade Commission using THIS LINK.
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