Foreign currency coins can be exchanged in a variety of places and ways. Currency exchanges will give American money for foreign coins. Foreign aid organizations will take them for charitable work. Coin dealers and collectors will buy rare and prized pieces. Some people even collect everyday coins. Whatever their worth, foreign currency coins need not sit uselessly in the backs of drawers or the bottoms of purses.
Exchanging Foreign Coins for Cash
Most foreign coins are of low denomination, the equivalent of American pennies, nickels, dimes and quarters. They represent decimal divisions of their respective national currencies. Most national currencies are worth less than the American dollar. Coins from these nations are often worth less than an American cent. Two or three of them are almost valueless, but in large amounts, they can be worth a fair amount in American money.
Sort your coins by national origin and denomination. Foreign currency dealers will accept mailings of bulk shipments. In general, very low value coins cannot be exchanged. Higher value coins will be exchanged for varying fractions of their face value, typically from around 50 percent to almost full value. Coins are shipped back to their country of origin. Rate of payment is based on the relative ease of exchange.
Tourists and businesspeople can accumulate large amounts of foreign coins while traveling abroad. These coins can be put to good use by donating them to charities, such as UNICEF's Change for Good program. Located in New York City, the Change for Good program collects unwanted foreign coins that it uses for children's causes around the world. Funds go directly to UNICEF, the United Nation's children's organization. To date, foreign coin donations have contributed more than $90 million to the organization's funds.
Sometimes we receive old coins as change. These old or unusual coins may be in demand by rare coin dealers. Price guides are available at Heritage Auction Galleries, Best Coin and other sites. Seemingly ordinary coins may also be desired by private collectors. World-Wide Coin exchange is a site for people who collect regular issue coins from around the world. Here you can exchange original Euro sets for Susan B. Anthony Dollars and American "state" quarters, and other coins. Check with the site's owner to see if he can trade for your foreign currency coins.
How to Cash in Foreign Coins
Use a Coin Star coin vending machine to exchange your foreign coins before you leave the country. Coin Star has thousands of...
How to Sell Foreign Coins for U.S. Currency
Selling foreign coins is relatively easy. However, the amount of American money you receive will vary, depending on the exchange rate. The...
Value of Foreign Coins in US Currency
Where Can One Exchange Foreign Currency Coins? About Foreign Currency Trading. Featured. 6 Ways to Travel on the Cheap. Read Article. 18...
How to Exchange Foreign Currency in Georgia
Places you can find currency exchange counters in Georgia include your local bank, AAA Auto Club offices, ... Where Can One Exchange...
How to Hire a Foreign Live-In Housekeeper
How to Hire a Foreign Live-In Housekeeper. ... Lending Money to Your Adult Kid by Mom.me ... How to Become a Foreign...
How to Exchange Currency In Seattle
How to Exchange Currency In Seattle. Because of its location, ... The foreign currency exchange markets are where money from different countries...
How to Exchange Foreign Money for US Dollars
Whether you're returning from a trip abroad or coming to the United States for a visit, you'll find that presenting foreign money...
How Do Money & Capital Market Differ?
What Is the Difference Between a Money Market & Cash? ... (also known as the foreign exchange market, currency exchange market, forex...
How to Exchange Foreign Currency at the Bank
Find a bank where you can change your money. Not all banks feature money exchange services. Call your local bank and ask...
How to Find the Value of Foreign Coins
Just as with American coins that we use for currency, foreign coins have their stated value as well as an intrinsic value....
How to Exchange Foreign Currency
How to Exchange Foreign Money. It is important to exchange foreign money (currency) ... Currency exchanges will give American money for foreign...