How to sell outdated foreign currency

Written by eliah sekirin
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How to sell outdated foreign currency
Collectors highly value gold and silver coins. (coins image by Pali A from Fotolia.com)

Almost every nation has its own currency, with the notable exception of Eurozone countries. From time to time a currency reform takes place, replacing the old currency with a new one. As a result, some people miss the chance to exchange their old currency for the new one, and end up with outdated currencies. However, thanks to collectors who value outdated currencies, it is often possible to get real money for currencies that are no longer in use.

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Instructions

  1. 1

    Identify the notes and coins you have -- the time the money was printed (or minted), the denomination of the banknote (or coin), and the country in which it was issued. Look for a year on the note (or coin) and a big caption, noting the country, then check the name of the country through an Internet dictionary. The denomination is easy to tell, as it appears in a large caption on any banknote or coin.

  2. 2

    Find a collector who buys such currency. Look for collectors in the Yellow Pages or online, or put a sale on eBay, the online auction site. If you put a sell offer on eBay, make a photo of the back and front of the banknote or coin you have and write the full description of the coin.

  3. 3

    Sell the currency to the highest bidder. Make sure you have a number of offers; otherwise, you may sell your currency below the market price.

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