Anyone know anything about foreign currency?

[titan14]

My stepdaughter has a bunch of foreign coins and some foreign paper money. Does anyone here know anything about if it might be worth something?

Or does anyone here collect foreign currency?

She has coins from Netherlands, Italy, Germany, UK, Eastern Caribbean, Spain, Kuwait, etc.

Paper money from Egypt, Italy, Kuwait, Bahrain, etc.

Please help...thanks.

[Dolomite_supafly]

If it is not being saved for sentimental reasons they can be exchanged for dollars. Problem is the institutions take a fairly large cut and then there is the devalued dollar right now. Any bank that has international branches can do it.

Dolomite

[Guest buttonhook]

the devalued dollar might help you

[titan14]

So...I need to find an international bank to cash this in?

And, the devalued dollar might make this worth more?

[Guest buttonhook]

I thinks so.....maybe I'm wrong

[Caster]

Anyone know anything about foreign currency?

It's probably worth more than the tanking american dollar.

[Guest Lester Weevils]

Many years ago I was mail-order selling inexpensive software programs I was writing. A german fellow sent me german paper money that was supposedly worth more than my asking price (probably $20 or $50).

The local branch Suntrust bank took a look at it and said take it to the downtown branch. I took it to the downtown branch and they said it would cost more to exchange it into dollars, than the value of the german note.

So I just sent the guy a freebie and threw the note in the trash. Probably was some way of turning it into dollars, but it didn't seem worth the time to figure out how to do it.

[Dolomite_supafly]

Yeah, everyone is right. The devalued dollar is going to help with the exchange. I would like to blame the oversight on being tired but it probably has more to do with my age.

Dolomite

[southernasylum]

There's an exchange calculator on igoogle to check what it's worth:

iGoogle

[Erik88]

Each one is going to be worth a different amount. Unless you just need the money, I would hold on to the collection unless it has no sentimental value. I think it might be cool to frame it and mount it.

And I think(hope) the dollar will eventually get stronger so it might only go up in value if you wait.

[gregintenn]

Unless she has a vault full of it, it's probably worth more in the cool factor of having it than what you'd get exchanging it for dollars. I have coins I inheirited from my grandfather from several different nations. I'm unsure of where he got it. I believe some of them are silver. They are neat conversation pieces.

[buck1032]

As others have said unless she it sitting on tons of the stuff it probably isnt going to work out in your favor when exchanging it. I have used this converter and it seems to be pretty accurate. XE - Universal Currency Converter

[JeffsSig]

There many who collect foreign currency.

Just as with US currency its based on the condition and year.

You can start at a few places like NGC and PCGS they both have forums you can list what you have and may even find a buyer.

[tnhawk]

Some airports offered foreign currency exchange when I traveled for a former employer. It may not be worth the time and effort to exchange it, after they add fees.

[gnmwilliams]

Most banks will exchange it for you but only if it's worth more than a certain amount in US value. Some will charge a flat fee and others may charge a percentage. Some may require you to have an account with them for recourse if the currency comes back bad and some may not. It all depends on who you talk to. Oh, and airports will charge you the most and may have restrictions on the physical condition of the money as well. I would say that if it's not worth more than a $100 US than I wouldn't mess with it.

[LagerHead]

So...I need to find an international bank to cash this in?

And, the devalued dollar might make this worth more?

I thinks so.....maybe I'm wrong

You're correct. Example: When the dollar is worth a lot you get more foreign currency for it. In other words they're saying for example that the dollar has as much buying power as 3 Euros. Then when the dollar tanks you can trade those 3 Euros back in and get 3 American dollars. You started with 1 dollar, did nothing but a little swapping, now you have 3.