Notices

Old European currency

Reply

Apr 22nd, 2008, 09:32 AM
  #1
Original Poster
 
Join Date: May 2003
Posts: 168
Old European currency

I just received a bag full of old European currency that my grandfather had sitting in his attic for years. Obviously, he had forgotten it was there for quite a while! Anyway, I've been researching to see if there is anything I can do with this old money.

I have old currency from Germany, Netherlands, France, Belgium, Monaco, Greece, Spain, Portugal, and Italy. Some of these are small (just a few coins) but others are quite substantial.

I have several questions about what to do with this old money. I've done a little research on the internet, and it looks like I can still trade my paper Francs into Euro at the National Bank when I travel to France this summer. Are the coins completely worthless? Would anyone still buy these?

Other than France, I don't know if I am going to be anywhere else in Europe this summer. Do you think it would be possible to trade these in at an airport currency exchange booth, or would I have to go to each countries respective bank? I have bills from other countries that are not on the Euro, and I plan to bring those to the airport to change, but wasn't sure about the expired ones.

Any other ideas about what to do with this old money? I've thought about donating some of the worthless coins to a school (or to anyone else with an interest) but I would like to at least try to get some of the value back of the larger sums.

Thanks for your help.
travelersusan is offline  
Reply With Quote
Apr 22nd, 2008, 09:43 AM
  #2
 
Join Date: Mar 2003
Posts: 19,726
Drop the coins in the money donation (Wildlife Fund, UNESCO, etc.) receptacle provided in many airports. The recipients are probably used to finding odd coins in these receptacles and have figured out what to do with them.
Michael is offline  
Reply With Quote
Apr 22nd, 2008, 09:50 AM
  #3
 
Join Date: Jan 2003
Posts: 32,644
When you say old money, it sounds like nothing particularly collectible, just pre-euro, perhaps.

An airport exchange booth won't take them at all. Even for valid money, they often don't take coins.

I think if the money is really old, you should contact a good coin dealer and see. But if it's just pre-euro and nothing special, I think the coins are virtually worthless. In France, they had no legal monetary value after about a year past when the euro was introduced. The notes can be exchanged until 2012.
Christina is offline  
Reply With Quote
Apr 22nd, 2008, 09:56 AM
  #4
 
Join Date: Oct 2003
Posts: 57,649
We had found a bunch of old coins my father had - not antiques - just old - and packaged them up and sold them on ebay. I know you can do this with coins - since they're collectible - not sure about paper money.

I;m not sure even charities want old coins anymore - although they would probably go to the trouble of going to a central bank to change a substantial amount of paper money.
nytraveler is offline  
Reply With Quote
Apr 22nd, 2008, 10:01 AM
  #5
Original Poster
 
Join Date: May 2003
Posts: 168
Correct, I just meant pre-Euro currency, I don't believe they are particularly old or collectible. I will double check this however.

Thanks for the info regarding coins and currency exchange booths. I wasn't aware they didn't take coins. I guess it is mainly the substantial bills that I would like to try to exchange.

ebay sounds interesting as well. Thanks!
travelersusan is offline  
Reply With Quote
Apr 22nd, 2008, 10:02 AM
  #6
 
Join Date: Feb 2005
Posts: 9,017
http://www.gfc.de/index.php?id=6&L=1

Send them the money in a package (no need to separate coins from bills) and you'll get everthing in USD minus 30%. You have to have a paypal account.

German banks are using them too, so it's only a small risk.
logos999 is offline  
Reply With Quote
Apr 22nd, 2008, 10:07 AM
  #7
 
Join Date: Jan 2007
Posts: 8,351
Dutch pre Euro coins are now worthless. They could be exchanged for Euros for a number of years, but no longer is that true. Maybe they are worth something for the copper content, but as coins they are not worth anything.
If you donate them to a charity they doubtless get the scrap metal value for them, which is probably pretty good nowadays.
Logos, I expect it might cost more to post old coins from the US to Germany than you'd get back for them!
hetismij is offline  
Reply With Quote
Apr 22nd, 2008, 10:15 AM
  #8
 
Join Date: Feb 2005
Posts: 9,017
Yeah, the small coins are probably not worth it, however the bills and surely 5 marks or gulider coins.
logos999 is offline  
Reply With Quote
Apr 22nd, 2008, 10:18 AM
  #9
 
Join Date: Feb 2005
Posts: 9,017
Maybe not 5 guilders, but certainly any postwar DM coin. The silver in the pre 1972, 5DM coins is worth more than that amount today. So better be careful what to throw away.
logos999 is offline  
Reply With Quote
Apr 22nd, 2008, 11:13 AM
  #10
J62
 
Join Date: Mar 2005
Posts: 9,648
Before my last trip to Italy I dug out an old envelope containing a large amount of paper currency. 1000's and 1000's of Lire. Nice windfall.

J62 is offline  
Reply With Quote
Apr 22nd, 2008, 11:31 AM
  #11
 
Join Date: Jan 2003
Posts: 2,568
I wouldn't mind having a neckalce of old coins -- see if there's a bead store or jewelry hobbyist nearby who might recycle interesting coins into something wearable.
kayd is offline  
Reply With Quote
Apr 22nd, 2008, 11:48 AM
  #12
Original Poster
 
Join Date: May 2003
Posts: 168
J62,

When did you go to Italy? Were you able to exchange them for Euro? If so, did you have to go to a certain bank? Other than French Francs, my bag of Lira is one of the largest. I have many 1000's of paper Lira and would hate to see them go to waste.
travelersusan is offline  
Reply With Quote
Apr 22nd, 2008, 11:58 AM
  #13
J62
 
Join Date: Mar 2005
Posts: 9,648
1000 Lire was worth about $0.80 in 1999, when they were last used before the Euro. (that's correct, less than 1 dollar)

No, I didn't bring it with me to try to exchange. They are in my old travel box in the basement where they are destined to stay. 5000 Lire. Now the 1000 Yen I'll be sure to bring to Japan next trip.

J62 is offline  
Reply With Quote
Apr 22nd, 2008, 12:08 PM
  #14
 
Join Date: Mar 2008
Posts: 3,965
Old currency goes out of circulation even without the Euro.

In England, money without the current monarch can be traded in for a short while - then loses all but it's numismatic value.

I bought some King George coins from a coin dealer as a souvenir.

If you don't want to keep them or give them as gifts, you can probably find a coin dealer who will give you a relatively small amount for them.
bdjtbenson is offline  
Reply With Quote
Apr 22nd, 2008, 12:20 PM
  #15
 
Join Date: Feb 2006
Posts: 2,472
Thanks for the link, logos999. I had a substantial amount of Austrian schillings left from a trip we took ages ago. I put them in a drawer *somewhere* - next time they surface I'll know where to send them.
noe847 is offline  
Reply With Quote
Apr 22nd, 2008, 12:21 PM
  #16
Original Poster
 
Join Date: May 2003
Posts: 168
Actually, I meant to say that I have quite a few 1000's of Lira... I've done the conversion and it is close to $100 US dollars worth. So you can see why I want to trade them in!
travelersusan is offline  
Reply With Quote
Apr 22nd, 2008, 12:30 PM
  #17
 
Join Date: Feb 2005
Posts: 9,017
You're welcome, noe847
70% is still better than nothing.
logos999 is offline  
Reply With Quote
Apr 22nd, 2008, 01:41 PM
  #18
 
Join Date: Dec 2005
Posts: 10,169
Exchanging your paper francs in France can be done readily, but it can occupy a whole afternoon. My wife did it at the Tresor in Sarlat and had the sense of humor to enjoy a classic bureaucratic experience. Among other things, each bill has to be listed on the proper form by serial number, etc. Keep your sense of humor, don't have any immediate plans, and you will experience life as a non-tourist, as well as coming away with usable money.
Ackislander is offline  
Reply With Quote
Apr 22nd, 2008, 01:44 PM
  #19
 
Join Date: Apr 2008
Posts: 12
We too have bags of currency from all the trips we have taken over the years. We've come up with a plan to use whatever currency is left against our hotel bill. We keep a small amount for the taxi, tips, etc. and use the rest.
yellowrose22 is offline  
Reply With Quote
Jan 8th, 2012, 08:46 AM
  #20
 
Join Date: Jan 2012
Posts: 1
www.euromoney24.com offers a worldwide unique service to exchange or directly donate former European currencies to UNICEF, WWF or RED Cross.
welldone is offline  
Reply With Quote
 


Thread Tools
Search this Thread
Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On



All times are GMT -8. The time now is 04:21 PM.