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 Replies: 7 / Views: 2,365 |
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Valued Member
Australia
295 Posts |
 I don't know if this has been mentioned before here, but on my last visit to my friendly bank teller (who looks out for notes and coins for me) she asked me if I wanted a NZ dollar coin. She said they throw out foreign coins when they get them! I'm guessing most other banks do the same if any CCF members are interested in foreign coins. Seems like a very cheap way to add to my foreign coin collection and maybe I'll score a collectible one or two along the way.
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Pillar of the Community
United States
4212 Posts |
Good for you! Banks here keep a close eye on what is exchanged. Unless they have the inclination & space, they're avoided like the plague. I believe the tellers have 1st shot at 'em. At lest at my bank. Speaking of NZ; they had/have an auction site where I met some very nice people a few years ago. They ate-up State Quarters. Everything changed when they prohibited US sellers. Kiwi, maybe. I believe they had a bird logo. Edited by fioti
07/27/2013 12:37 pm
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Pillar of the Community
United States
2589 Posts |
The bank I used to work at would ship them out to their cash logistics company. Whatever happened to them after that I never could exactly find out, but I've heard from people that worked at different cash logistics companies that foreign coins would usually get sold for scrap.
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Bedrock of the Community
Australia
21786 Posts |
Does your bank need a volunteer? I fully understand why the banks don't waste their time with foreign coins, and why they get sold off for metal scrap.
Nevertheless, for an interested numismatic volunteer retiree, working one day per week, some fun could be had for that person. All they would need for pay is to be able to keep anything that is interesting for themselves!
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Valued Member
Australia
95 Posts |
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Pillar of the Community
Australia
852 Posts |
Instead of banks throwing the coins away they should have a jar to store them in. Then when they get full donate the coins to a charity (like the Spastic Centre or the Salvos). There are lots of disabled people who would love the opportunity to do something and they could sort them out into a few major categories (such as Aust pre decimal, anything NZ, anything Pacific, Euros, American and rest of world). Send the Kiwi, euro, US coins home for face value, put the rest on ebay and the charity gets to make money. Good PR (at no cost) for the banks. |
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Pillar of the Community
Australia
4411 Posts |
I know commbank in SA save all foreign coins and donate them to a worldwide charity.
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Pillar of the Community
Australia
560 Posts |
How about donate them to charity through an airline, they take coins in donations after flights. So they would haul a small amount of foreign currency to their respective countries.
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Replies: 7 / Views: 2,365 |
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Posted 07/27/2013 10:39 am
