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Leftover Currency option (including coins)
I wanted to share my experience with an option for disposing of leftover currency and coins. It is appropriately named Leftover Currency and operates from the UK. The website provides further information on their services but basically you can either mail coins or do what I did and drop them at an office near Oxford Circus in central London. The office is really just an agent who takes the envelope and forwards it to the company. It is one of the only places I know that will accept coins (most forex offices only take paper money) as well as outdated currency and old coins (i.e. French Francs, German DM, etc.) There is no transaction fee and you can have the money direct deposited to your bank account or paypal account. I have no affiliation with Leftover Currency but enthusiastically endorse.
Of course there is a catch - the exchange rates are not wonderful. So you would not want to exchange large amounts of currency as you could probably get a better rate from a bank or even a forex option. Also if you are outside the UK be advised that the proceeds from the transaction are paid in UK currency so you may incur additional forex conversion fees from paypal or your bank. By way of example here are the amounts I exchanged and the rates:
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I have a jar at home full of leftover currencies. Lots of European (pre-Euro) ones. They're just souvenirs at this point. Probably no more than a couple bucks' worth of any single currency and I'm sure I've missed the final convert-to-Euros date on some (all?) of them.
I can see this being useful if I had $20-40 worth of currency. Big enough that it's worth my time to convert; small enough that a no-commission service with a worse rate is okay. I have leftover $20-40 worth of GBP, EUR, and CAD on purpose - just like to have it for my next trip. Sometimes helpful upon arrival somewhere if an airport transit kiosk won't take a credit card or whatever. |
I went to an open house last year, the owners had one of those glass-topped coffee tables. Under the glass were coins and banknotes from all over the world (given how the rest of the house was decorated, it appears they traveled a lot). It was neat.
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dump it all into an automated coin machine or automated check out and see how much it takes and rejects. One bank I use has it free for customers
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Originally Posted by pinniped
(Post 30961269)
I have a jar at home full of leftover currencies. Lots of European (pre-Euro) ones.
Originally Posted by pinniped
(Post 30961269)
I have leftover $20-40 worth of GBP, EUR, and CAD on purpose - just like to have it for my next trip. Sometimes helpful upon arrival somewhere if an airport transit kiosk won't take a credit card or whatever.
Originally Posted by rufflesinc
(Post 30961407)
dump it all into an automated coin machine or automated check out and see how much it takes and rejects. One bank I use has it free for customers
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If you know someone going to the place where the currency and coin is used, why not give or sell it to them?
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Send it to UNICEF: Change for Good
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Cathay used to promote a change for good program on their planes.... Haven't seen it in a while but I haven't rode them in ages.., The FA's would provide you with a small paper envelope and you would dump your old coins there and they would forward it. https://news.cathaypacific.com/chang...n-2017-203970# |
Originally Posted by Boraxo
(Post 30962042)
I have never seen a coin machine in the USA that will process old and new coins from 100 countries. Where can I find that? Here we only have coinstar that will take US coins and give you an Amazon GC for 100% of value.
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In London, several locations have these Fourex kiosks that can perform automatic currency and coin exchange. I've never tried them myself so i cannot say whether the exchange rates are decent.
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Originally Posted by rufflesinc
(Post 30961407)
dump it all into an automated coin machine or automated check out and see how much it takes and rejects. One bank I use has it free for customers
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When I'm at the airport I usually try to use my last bit of local cash at duty-free. I can always use some chocolate and I've yet to find a shop that won't take my coins and the balance on a credit card.
The one time I had some significant cash (Singapore VAT-back program) I used a normal Travelex to get paper, then the coins I followed my above method. (Edit to avoid duplicate post -- new below)
Originally Posted by StuckInYYZ
(Post 30962969)
Cathay used to promote a change for good program on their planes.... Haven't seen it in a while but I haven't rode them in ages.., The FA's would provide you with a small paper envelope and you would dump your old coins there and they would forward it.
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Originally Posted by Gig103
(Post 30964447)
When I'm at the airport I usually try to use my last bit of local cash at duty-free. I can always use some chocolate and I've yet to find a shop that won't take my coins and the balance on a credit card.
The one time I had some significant cash (Singapore VAT-back program) I used a normal Travelex to get paper, then the coins I followed my above method. (Edit to avoid duplicate post -- new below) Last year (I dunno if it's ongoing), AA offered a similar program where they collected any currency including coins and donated it. |
Originally Posted by rufflesinc
(Post 30961407)
dump it all into an automated coin machine or automated check out and see how much it takes and rejects. One bank I use has it free for customers
|
When I have a small amount of leftover foreign currency-- "small" being up to a few USD worth-- I keep it as a souvenir. It's not worth the effort to change it, and I appreciate the souvenir. Sometimes I give the souvenirs to young relatives to spark a lesson about geography, foreign culture, language, etc.
I've been successful most trips at keeping my leftovers small by shifting my purchases to cash the last day or two of the trip. Of course, if I anticipate needing the currency again in a few months I don't sweat it. In fact it's useful to have local currency in pocket when going back, in case a suitable ATM or money-changer is not available right away upon arrival. |
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