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.
Value of Foreign Coins in US Currency
The value of currency fluctuates from day to day, depending upon current world events. The difference between the Euro and the U.S....
How Do Money & Capital Market Differ?
Money markets and capital markets together comprise methods of financing in the global financial system. Capital and money markets differ in time...
How to Exchange Foreign Currency
When traveling abroad, an easily overlooked aspect of preparation is getting your dollar exchanged into their currency. A big mistake many people...
How to Exchange Foreign Currency at the Bank
Whether you're traveling to a foreign country or you just happen to have some euros laying around that you would like to...
How to Exchange Currency In Seattle
Because of its location, Seattle is a hub of activity for international visitors. When entering the United States, visitors often find they...
How to Cash in Foreign Coins
Part of the excitement of international travel is coming in contact with foreign currencies. While some people like to keep some 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...
How to Hire a Foreign Live-In Housekeeper
For those with busy lifestyles, hiring a foreign live-in housekeeper can make life somewhat easier. Kids, family, work, and school can run...
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...