The cost to process one thousand dollars worth of one dollar bills at SEPTA is approximately $10.11. The cost to process the same amount in coins is $1.22. The reason for the large difference is that handling paper currency is more labor-intensive. Coin processing is more efficient due to the higher degree of technology and availability of counting machines. I don't know of any technology that will fully process paper currency and meet the Federal Reserve's acceptance requirements that all paper currency is faced when stacked. This simply means all one dollar bills must be stacked with the portrait of George Washington facing the same direction. Therefore, our note processors must stack and face all bills by hand.
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