How To Get Money Back For Your Foreign Coins?

Have you recently returned from a trip abroad with a pocket full of foreign coins and wondered “How to get money back for your foreign coins?” Maybe you’re looking to clear out some clutter and downsize your collection of old coins. 

Fortunately, there are several options available to you, from currency exchanges to collectors and dealers. 

In this article, we’ll explore some of the best ways to get money back for your foreign coins, including tips and tricks for finding the best rates and deals. 

How To Get Money Back For Your Foreign Coins?

There are several ways to get money back for your foreign coins, including exchanging them at a currency exchange or bank, selling them to collectors, etc. Before you start exploring these options, it’s important to understand the factors that will affect how much money you can receive for your coins. 

Age and rarity of the coins will play an important role in their value—the older and rare the coin is, the higher its value may be. 

The condition of each coin also matters; well-preserved coins usually carry a greater monetary value than those that are damaged or worn. 

Additionally, currency exchange rates can also impact the amount of money you’ll receive for your coins since different countries have their own currencies and exchange rates. 

When it comes to exchanging coins for money, it’s important to do some research and shop around before making a decision. 

Different banks and currency exchanges may offer different rates and deals for coins, so make sure you explore all your options before settling on one option. 

Some institutions may also require a minimum amount of coins for exchange or only accept certain types of coins, so be aware of these restrictions before heading in with your foreign coins. 

Where Can You Exchange Foreign Coins For Cash?

You can exchange foreign coins for cash at currency exchange offices, airports, and banks. There are also other places that may allow the exchange of foreign coins for cash. These include post offices and online exchange services. You can find numerous online exchange services on the internet.

Now, let us explore these options in detail below:

Currency Exchange Offices

Exchanging foreign coins for cash can be a tricky and confusing process, but with the right knowledge and resources, it doesn’t have to be. A great place to start is by visiting a currency exchange office. 

Currency exchange offices specialize in foreign currency exchange and will often accept foreign coins as well. Many of these businesses have not only physical locations but online services as well. 

They usually offer competitive rates and the staff are knowledgeable about international currencies which makes them ideal for exchanging your foreign coins for cash. 

It’s important to research different options before deciding on an exchange service as there can be significant differences in rates so you want to make sure you’re getting the best deal possible. 

You also want to make sure that the company is reputable and has good customer reviews. 

Airports

Exchange Foreign Coins At The Airport

Photo by Danila Hamsterman on Unsplash

One option is airport kiosks and currency exchange counters. Most airports offer these services at their terminal buildings, allowing you to quickly get rid of any leftover coins without going too far out of your way. 

You can often find these kiosks right as you enter the airport after arriving on a flight, making it an easy solution when returning home from a vacation abroad. 

Banks 

You can also turn to a local bank or credit union that may accept foreign currencies as deposits or exchanges; however, many financial institutions require customers to roll their coins. The following are the denominations for each type of coin when rolling: 

Type Of Coins Denominations
Pennies 50 per roll ($0.50)
Nickles 40 per roll ($2.00)
Dimes 50 per roll ($5.00)
Quarters 40 per roll ($10.00)

 

Post Offices

Exchanging foreign coins for cash can be a tricky process, as not all financial institutions offer this service. Fortunately, some post offices do provide foreign currency exchange services in the form of exchanging foreign coins. 

To find out if your local post office offers the exchange of foreign coins for cash, you should contact them directly or check their website to see if they list it among their services. 

Alternatively, you might want to ask around your neighbourhood or look at other nearby post offices. 

Depending on the country and region you live in, there may be certain regulations governing such exchanges. 

When exchanging coins for cash through a post office, you should bring along any documentation related to your coins (such as receipts). It is also helpful if you know the value of your coins prior to exchanging them. 

It is important to note that post offices may charge a fee for foreign currency exchange services, so make sure you ask about any applicable fees beforehand.

Online Exchange Services 

One place to start is online. Sites like Cash4Coins allow you to exchange foreign coins for U.S. dollars and deposit them directly into a bank account of your choosing, alternatively, they can mail out a check or prepaid card if that’s more convenient for you. 

The process generally involves sending in the foreign coins along with an inventory sheet stating the amount and type of currency being exchanged. 

Now, here is a general overview of places where you can and can’t expect to exchange your foreign coins:

Places Can You Exchange Foreign Coins?
Supermarkets No
Online Exchange Services Yes
Clubs No
Post Offices Yes
Currency Exchange Offices Yes
Hotels No
Banks Yes
Bars No
Airports Yes
Vending Machines No

Can You Do A Foreign Money Exchange At The Airport?

The answer is yes – many airports have currency exchange counters or kiosks that offer foreign currency exchange services for travelers. These counters typically accept major currencies such as US dollars, euros, British pounds, and Japanese yen, as well as a variety of other currencies. 

However, it’s important to note that airport exchange rates can be less favorable than those offered by other exchange providers such as banks or online exchanges. 

This is because airport services tend to have higher fees and commissions associated with their services. 

To get the best rate on your foreign money exchange transaction, it’s wise to compare different exchange providers and find the best rate for your needs. 

In addition to exchanging currency, many airports also offer other services such as ATM withdrawals and debit or credit card transactions for travelers in need of foreign currency. 

These services usually provide better rates than those offered by exchange counters, so they are worth considering when looking to purchase foreign currency. 

What To Do With Leftover Currency?

Fortunately, there are plenty of creative ways to make use of those unused currencies. One option is to use them for shopping duty-free. Many vendors offer discounts if you pay in foreign currency, so it’s worth checking out local stores and markets for any potential deals.

You can then take advantage of using your leftover coins. 

You may also choose to donate the coins to charity. Whether it’s a local organization or an international cause, donating your spare change can make a huge difference in someone else’s life. 

You could also exchange your leftover coins for another currency at a bank or an online money exchanger. This is a great way to make sure you don’t get stuck with foreign coins that can’t be used back home. 

Or, if you find yourself in need of more cash when traveling, you could always save the coins up and use them on your next trip. 

This way, you won’t have to worry about exchanging currencies or carrying around large amounts of cash. 

How To Get Rid Of Foreign Coins?

There are a few ways to get rid of them such as exchanging them for local currency, donating them to charity, selling them online, and trading them with other collectors. You can also keep some as souvenirs or use them for future travel.

Let’s explore these options in detail below:

Exchange Them For Local Currency

One option is to exchange them for local currency at a currency exchange service or bank. While some banks may not accept foreign coins, it’s still worth checking first before discarding them. 

Donate Them To Charity

Donate Foreign Coins To Charity

Photo by Katt Yukawa on Unsplash

Another alternative is to donate the coins to charity. Many charities and international aid organizations will accept foreign coins as donations, so be sure to check with your local groups about their policies on accepting such contributions. 

Keep Them As A Souvenir

If the foreign coins have special meaning or value, keep them as souvenirs! Though they are no longer useful in terms of spending money, these coins can still be treasured as keepsakes. 

Trade With Other Collectors

Trade with other coin collectors who may be interested in what you have. You can connect with other coin collectors through online forums or social media groups dedicated to numismatics. 

This can be a great way to make new connections and potentially find someone looking for the same coins as you. 

Sell Them Online

Another option is to sell your foreign coins on an online marketplace like eBay or Etsy. Selling your coins on these platforms increases their visibility and makes them more likely to receive bids from potential buyers. 

It also gives people around the world access to purchase your items, so it’s a great way to get rid of coins that would otherwise be difficult to sell. 

Use Them For Future Travel

Finally, if you plan to revisit the same country, you could keep the coins and use them for your next trip. This can be a great way to save money on foreign exchange fees and still enjoy a piece of another culture during your travels. 

No matter which option you choose, it’s important to remember that getting rid of foreign coins doesn’t have to be an impossible task. 

With a little bit of research and effort, you can find ways to trade or sell them or even put them towards future travel expenses. 

Do Banks Accept Foreign Currency In The US?

Do Banks Accept Foreign Currency In The US?

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No, banks in the US generally do not accept foreign currency. Bank of America, one of the largest banks in the US, specifically does not offer or accept foreign coins. You will have to exchange the foreign currency for dollars in order to deposit it into your account.

Depending on the bank that you have an account with, they may provide an exchange service so that you can convert your foreign currency into dollars. 

So if you’re planning a trip abroad and want to use your banking services while overseas, check with your local branch or contact their customer service team directly to learn more about their policies regarding international banking and currencies. 

To be sure that you’re making the most of your money, it’s also a good idea to do some research ahead of time and compare rates between different banks to get the best exchange rate. 

This way, you can ensure that you’re getting the most out of your foreign currency before converting it into dollars. 

Additionally, suppose you have a credit or debit card from your home country. 

In that case, it may be more cost-effective to use that in combination with an international bank account for cash withdrawals abroad.

What To Do With Foreign Coins?

If you have a stash of foreign coins lying around that you don’t know what to do with, you can donate them to UNICEF, decorate your house with them using a DIY project, or spend them up at big airports in the vending machines installed.

Let’s explore these options and more in detail below:

Donate Your Coins To UNICEF

UNICEF is always in need of donations and by donating any leftover foreign currency, you’re helping children around the world get access to basic necessities such as food, water, shelter, and healthcare.

Spend Up Big At Airport Vending Machines

Airports often offer coin-operated vending machines that accept different types of international coins. 

So if you find yourself stuck in an airport while traveling overseas or between destinations, fill up your pockets with coins and spend them in the vending machines on snacks, drinks, or other items.

Use Coins To Decorate Your House

If you’re looking for creative use for those unused coins, why not use them to brighten up your home? 

You can glue foreign coins, paper money, and even stamps onto canvases or frames for a unique art piece or hang them from strings as an eye-catching decoration. 

So there you have it – three fun and inventive ways that you can make use of those leftover foreign coins! 

Donating them, spending them at airports, or putting them to work around the house are all great alternatives to just letting your spare change sit gathering dust. 

Does Walmart Exchange Coins For Cash?

Does Walmart Exchange Coins For Cash?

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Yes, Walmart offers coin exchange services at many of its locations. At some stores, they have automated machines called Coinstar kiosks that count and exchange coins for cash. This Coinstar kiosks service comes with a processing fee of around 12%. 

The kiosks accept coins in denominations of 1 cent, 5 cents, 10 cents, 25 cents, and 1 dollar. 

In addition to the automated kiosks, some Walmart stores may also offer coin exchange services at their customer service desks or registers. 

However, it’s best to call ahead to confirm if your local Walmart provides this service before attempting to exchange your coins there. 

Walmart is a great option for exchanging coins for cash quickly and conveniently!

Just remember to check ahead of time if your local Walmart provides this service, and plan to pay the processing fee associated with using Coinstar kiosks.

Happy saving!

FAQs

What To Do With Old Foreign Coins?

There are several options for getting the most out of your old foreign coins. You can donate them to charitable organizations or museums, sell them to collectors or dealers, trade them with other collectors, or simply keep them as a memento or part of a collection. 

Before deciding which option is best for you, research how much the coins could be worth and look into potential scams and fraudulent appraisals. 

By taking your time and exploring all possibilities, you will get the most out of your old foreign coins.

Where Can You Exchange Foreign Coins For Cash?

If you have foreign coins that you want to exchange for cash, there are a few places where you can do so. Currency exchange offices, airports, banks, post offices, online exchange services, charities, and other financial institutions may offer this service. 

It is important to check with the specific location or service before exchanging your coins to find out if they accept foreign coins and to understand any fees or restrictions associated with the exchange. 

Some currency exchanges may only accept certain types of coins or charge a fee for certain transactions.

What To Do With Foreign Currency?

Don’t let your foreign currency go to waste! There are lots of ways to make the most of it. Consider saving it for your next trip, loading it onto a transit card, donating it, selling it, trading it or giving it to a friend, or keeping it as a memento.

Compare options carefully to avoid unnecessary fees and get the best value.  Enjoy making the most of your leftover foreign currency!

Conclusion

In conclusion, there are several ways to get money back for your foreign coins. While it may be challenging to find a suitable exchange location, there are options available. 

You can try exchanging them at a currency exchange booth, through a bank, or using online services that specialize in foreign currency exchange. 

It’s important to do some research to find the best option for your specific situation and to be aware of any fees or restrictions that may apply. With persistence and some effort, you can successfully exchange your foreign coins for cash.

Swati Jaiswal

Swati Jaiswal is a dedicated traveler and an even dedicated individual who specializes in travel, digital marketing, & health and fitness niches. Passport stamps and coffee stains are her badges of honor.

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