Foreign coins

saker75

Hi all,

I work in a charity that regularly receives foreign coins in our collection boxes - lots of Euros, cents but also other denominations. 

Is there anything we can with these coins to generate income? Banks etc aren't interested.

Any suggestions?

S

TOP_CAT

If you have a sales outlet you could sell them in coin lots ...the euros would go easy enough .
Similar to ebay coin lot listings ?

The benefit here is two fold ,coin collectors get a deal and you get cash .
.
Otherwise "Left Over Currency" in London is a option that may or may not require postage depending on your location.

saker75

Thanks for taking the time to respond. We don't have the volunteer capacity to do this. But following your suggestion I've found a company that will collect them from us, sort them and pay us a reasonable return with their commission - worth doing if we save all the coins up throughout the year and get one collection. 

DullGreyGuy

There are FX machines in some shopping centres etc that will take coins and exchange but both fees and FX rate tends to be poor. 

Is the charity industry actually competitive or collaborative? There are charities that explicitly ask for your old holiday money change and so they must have a reasonable way of converting them... could it be worth asking one of them how they are converting the monies?

TOP_CAT

I dont know which FX machines you are refering too ?

The FourEx yellow and white coloured machines that were in alot of major shopping centres ,railway/tube stations and some supermarkets went bust and some people even lost money.

The machines looked as in the link below
https://www.minterdial.com/2016/02/fourex-self-service-banking/

If they are back in business or someone else is now doing it ....that would be a good thing

Here is
 https://www.leftovercurrency.com/

Brie

I was going to suggest this place - heard about it as they have been advertising for staff.....I've no actual experience of using them.

How to Exchange Foreign Coins & Notes - Cash4Coins

The_Widdy

Yorkshire Children's Trust is a great children's charity and I know they'll accept coins and notes from any currency (current or past) and they change it to sterling to support their beneficiaries. I can't post a link on here, but if you search for the charity on Google, it'll come up.