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How to Cash in Foreign Coins

Posted by at 2:50 AM Read our previous post

1. Go to the currency-exchange counter at any major international airport like London's Heathrow or Germany's Frankfurt am Main airport. At these counters, you can turn in all the foreign currency you have, including foreign coins, and get them exchanged for your home currency.
2. Call up a local travel agency in your city. Many of these businesses buy and sell foreign currency as a courtesy to their traveling customers. However, be aware that when you bring in your coins to exchange, you will likely pay not only the currency exchange rate, but also a processing fee to the travel agency.
3. Contact the nearest currency converter business in your area. There are many online, which specialize in the trading of foreign coins.
4. Swap your foreign coins with a foreign exchange student. If you are a student who has recently returned from a trip abroad, contact your school's international office and ask to be put in touch with a student traveling to the country you have just left. For students who traveled in the euro zone, this is especially convenient because even if you traveled to Germany, for example, you can still trade with someone going to France, Greece, Italy or another euro zone country. Sixteen countries currently make up the euro zone, and they all use the euro as their major currency.
5. Sell your coins to a local coin collector who deals in foreign coins.
6. Use a Coin Star coin vending machine to exchange your foreign coins before you leave the country. Coin Star has thousands of locations worldwide. You can opt for a coins-to-cash exchange and then bring your bills to the airport for further exchange. You may also do a money transfer.
7. Deposit your coins into your local bank account in the foreign city in which you live if you have been in the country long enough to have one and plan on keeping the account open. Once you have deposited the money, you have access to it via your ATM card anywhere in the world that takes ATM cards. Expect to pay the exchange rate plus ATM fees if you go with this option.

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