Australia Coin Exchange Experiment - Coin Community Forum

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Author	Replies: 5 / Views: 2,799
GR58 Bedrock of the Community United States 11951 Posts	Posted 03/20/2011 09:09 am Just for fun I was wondering if I could buy some coins out of the foreign coin box at a local coin shop, and then actually buy something with them. They sell the coins by the pound. So I bought one pound of Australian coins for $2.50. That pound came to $54.50 face value. I was thinking I might be able to ship the coins to Australia and purchase some sort of sliver coins, maybe a one oz. silver bullion coin, but maybe that is not enough. Also I am not sure what the shipping cost would be, but this is just a fun experiment for me. If with shipping, this is not enough, of course I can come up with more money or trade coins if needed. Again this is just for fun I am not trying to get something for nothing. Let me know if someone has a extra silver bullion coin they would be interested in sending off to the U.S. Report this Post to the Staff

biggfredd Rest in Peace United States 9104 Posts	Posted 03/20/2011 09:40 am Currency exchanges don't take coins due to the weight. Because oz is an island, shipping may be a bit high, but you got your trading material cheap enough that your idea might work, especially if you could scale it up for a few hundred dollars face. good luck! Report this Post to the Staff
fioti Pillar of the Community United States 4212 Posts	Posted 03/20/2011 11:24 am Keep in mind, it's at least 11.00 to ship that lb. Report this Post to the Staff
Tim Stroud Pillar of the Community United States 2661 Posts	Posted 03/20/2011 1:00 pm Holy Cow! $2.50 a pound? I am flying down to FL. I 'll make a fortune here in NC at that price. Report this Post to the Staff
fcrazo Pillar of the Community United States 651 Posts	Posted 03/20/2011 6:46 pm That is a fantastic price, $2.50 a pound. Wow! Report this Post to the Staff
palaniappan Valued Member India 265 Posts	Posted 03/20/2011 7:35 pm very nice buy warm wishes. Report this Post to the Staff
	Replies: 5 / Views: 2,799

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