|We buy bulk foreign coins...|
|Bulk Foreign Coins Bought|
For many years a number of charities have collected foreign coins in varying quantities and by various methods. We are happy to buy these in any quantity. This is a simple but effective method of fund-raising. Most people return from holidays with a pocket-full of change which cannot be exchanged at UK banks. They are often quite happy to donate them to charity because they are of no immediate value to the owner. Millions of British holidaymakers go abroad every year, and most probably have coins at home from the past 10 years holidays. We hesitate to try to estimate the total, but it could conceivably be hundreds of millions of pounds.
With the impending introduction of the Euro, there has never been a better time for charities to collect foreign coins and banknotes. Many of the Euro coins will only be exchangeable for a limited period, and some countries have been known to change the rules without warning. The relatively recent French brass 10 Francs are now irredeemable even at the Paris Mint, Spanish 25 pesetas and other coins also. Some countries impose charges or other obstacles to redemption.
It will be important to act as early as possible, both to collect and to redeem Euro zone coins.
Many people bring back banknotes, too. Because of banks minimum handing charges, often it is not worthwhile to exchange small amounts of foreign currency in the form of notes. By collecting and accumulating larger amounts, it is possible to gain the advantage of having worthwhile amounts. Some banknotes are obsolete, and may be virtually worthless, while others may be semi-obsolete in that they can be redeemed in the original country. Even totally obsolete banknote in good condition may have a small value for the collectors market. We will buy any banknotes in any quantity at a suitable rate. Each lot needs to be assessed on its own merits.
Recovery Rates & Prices
The price we can pay for any lot of foreign coins or notes needs to be assessed on an individual basis because of the large number of variables. We need to take into account the following factors:-
Amount of SortingPrice Guidelines
We can pay more for fully sorted lots than for partially or completely unsorted lots. Labour costs for sorting are important.
We are usually able to pay a higher recovery rate for larger volumes than for smaller lots.
We can pay more for coins from nearby countries than for far distant countries.
Collection or Delivery Points
Usually we ask for material to be delivered to us, although we can arrange for collection, particularly for larger amounts.
We are happy to pay on delivery to us or collection by us, but this means we have to estimate the gross yield, sorting costs and other factors. Alternatively we can pay after we have completed the sorting or disposal, or can pay an advance with the final balance paid depending on results.
|...and pay good prices!|
32 - 36 Harrowside, Blackpool, Lancashire, FY4 1RJ, England.|
Telephone (44) - (0) 1253 - 343081 ; Fax 408058; E-mail:
The URL for our main page is: https://24carat.co.uk