What Can You Get For Your Foreign Coins?

I’m a big traveler and as such one of the souvenirs I often collect and bring back home are coins. They are a simple and usually cheap memento of what was hopefully a fabulous trip. I also like to bring back coins for the young children in my life. They are a fun and easy gift to share with them. They are perfect for show and tell and to impress their friends. They are also good to inspire young people to travel and see the world.

I’ve used these coins in a variety of ways. My favorite was when I glued a variety of them onto the cover of a scrapbook I created for a European backpacking trip I took during college. It was, not surprisingly, the heaviest scrapbook ever, but it was pretty darn cool. Other uses for the coins I’ve brought home include making fridge magnets, pins or buttons, jewelry, and decorating a picture frame with the different coins. Then I put a picture in the frame from the trip I took. 

Yet, beyond their sentimental value and ability to transport me back to the country I was traveling in, do these coins or bills have any other monetary value beyond their face value? I wondered this specifically after the European Union was formed and the euro replaced many of those European countries’ individual currency. Currency of which I was in possession. Now that the lira, franc, Deutshe mark, ruble and so many other currencies were no longer in use, were they of more value? Less value? Only sentimental value?
It’s a valid and interesting question. A question that Mile High Coin can surely answer for you. Unfortunately, right now, I don’t think it’s going to be a satisfying answer. Most countries that joined the European Union and eventually adopted the euro as its currency did so in 2002. That’s only twenty years ago. Generally for something to be considered “old” or “antique" in the United States, it must be one hundred years or older. Looks like we have a long way to go before those coins might be worth anything more than face value. 

If the coins are not valuable because of their age, they may be valuable because of their material. However, the coins I’ve collected were from a trip in 1998. During this time, coins were generally not made with materials of any value. So unless I happened upon a very rare, old coin by chance, it is unlikely that any of my coins will be of value because of their materials. 

You may have some other old foreign coins you’ve got laying around. You may have some questions about their worth. Giving Mile High Coin a call and making an appointment to discuss their value and perhaps get insight into which foreign coins might be of any worth is your best bet. Be prepared to say a little about your coins—where and when you found them, any history you might know about the country or the particular coin. And then, be prepared to learn a lot about what you possess, and maybe, in another eighty years or so, those coins might be worth something after all. 
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