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I have about $1400 USD worth of Mexican coins and about the same for British coins. I also have a several hundred dollars worth of German coins.

I can exchange foreign bank notes or bills for US currency at banks or American Express but cannot find anyone who will take large amounts of coins. Coin dealers are not interested unless the coins are rare.

Is there anywhere in North Texas to exchange boxes of foreign coins for dollars?

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2007-10-17 14:41:53 · 1 answers · asked by The Other Grandpa 4 in Business & Finance Other - Business & Finance

1 answers

As you have already found out, foreign coins are very difficult to exchange. In addition, here are some other things you may not be aware of:
Pre-Euro German coins are difficult to unload, even in Germany. The redemption period has passed, and they can only be exchanged at the central bank.
Mexico coins are very easy for me to unload, since I live about five miles north of the border and visit Tijuana regularly. Coins dated 1991 and earlier are the old peso (1000 old pesos = 1 current peso). The old coins are no longer worth redeeming - I recently sold 120 pounds of them for scrap and got far more than I would have at a bank.
At least one of my local currency exchanges buys UK 1 and 2 pound coins, although at a discount. Check with your local Travelex office on those (should be in the yellow pages under "Foreign Exchange"). According to people I know that visited the UK recently, the pre-1997 50 pence coins are somewhat difficult to spend and many merchants won't take them. I would assume banks in the UK will still redeem them, but I don't know that to be a fact.

2007-10-20 13:50:53 · answer #1 · answered by F. Frederick Skitty 7 · 0 0

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