Posted by forex at 3:52 AM
Read our previous post
1. Identify your old foreign currency. Calculate how many bills and coins you've got and what is their age and denomination.If they are roughly from the same period and of the same form (10 pound sterling banknotes from the 1970s), you can add up their value for ease of calculations.
2. Determine whether the currency you possess in still in use in the issuing country and whether it has the status of legal tender. To inquire about the status of your currency as a legal tender, contact the central bank that issued the currency (if the central bank that issued the currency no longer exists, the currency in question probably lost status as a legal tender).
3. Determine the value of your old foreign currency. If your currency still has the status of a legal tender, it means that it can still be used for purchasing goods and services in the issuing country. You can exchange it for newer bills, if you want, at the issuing central bank. To know how many U.S. dollars it costs, you can access the current exchange rate (for example, by going to Oanda.com or contacting any large international bank).If your currency lost the status of a legal tender, inquire about how much it costs from a collector or by going to ebay.com and searching for similar items. Note, however, that if your currency that still has a status of legal tender is very old (more than 30 years old) or made from a precious metal (gold, silver), you may get more money from a collector than by exchanging it for newer bills and coins.
4. Sell your currency. If it has the status of legal tender, exchange the currency for any desired currency at a major branch of any large international bank.If your currency lost the status of a legal tender, the best way to sell it is via ebay.com. You need to register and place a sell offer and ebay buyers will contact you promptly through an auctionlike process.