Deep Learning Techniques for Bangladeshi Coin Detection and Automated Counting System: A Comparative Study of Multiple Algorithms

Efficient currency detection and counting systems are crucial for the smooth operation of any financial ecosystem. This paper explores the development, implementation, and potential impact of a specialized currency detection and counting system for Bangladeshi coin currencies. Through this comprehensive study, this paper addresses the unique challenges and opportunities in Bangladesh’s coin currency management landscape, highlighting the motivations and results of such a system’s introduction. Computer vision technology includes currency detection. In this paper, we present a coin currency detection system that can detect coin currency from images. Designing a CNN-based coin recognition system for the recognition of Bangladeshi coins of denominations ‘1tk’, ‘2tk’, and ‘5tk’. We have created a dataset that contains more than 10,000 images. We photographed coin currencies from both sides, and the system can recognize coin currencies from both sides. For high efficiency, we test on various backgrounds. Experimental results are presented successfully with a training accuracy of 99.99% with VGG16, 99.38% with VGG19, and 99.99% with EfficientNetB0. We also got validation accuracy with VGG16 of 90.90%, 99.96% with VGG19, and 99.51% with EfficientNetB0.