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PennySaved
Penny Collector Member
325 Posts |
 Posted - 10/16/2009 : 17:26:13
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I frequently find modern Euro 2 cents when I am searching pennies. They are worth 0.02982 US cents (so you almost triple your money)
I keep them although I know they have no intrinsic metal value.
Would it be worth saving up several Euro dollars and then taking it into the bank to convert to US? I know they convert Euro dollars but if you took them a bag of Euro cents would they convert those?
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El Dee
Penny Collector Member
USA
388 Posts |
Posted - 10/16/2009 : 17:35:11
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Banks don't convert foreign coin.
Best thing to do is to take them with you on a trip to Europe. |
Trust the government? Ask an Indian. |
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PennySaved
Penny Collector Member
325 Posts |
Posted - 10/16/2009 : 17:38:03
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So why do they convert paper dollars but not coin? Because of the cost to ship it?
With the way the economy is going, I don't see me going on any trips to Europe haha |
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Nickelmeister
Penny Collector Member
Canada
295 Posts |
Posted - 10/16/2009 : 17:41:14
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| Banks in Canada will not even convert US coin (and vice versa). They would have to incur tremendous expense in shipping it back to the country of origin. Heck, most banks don't even want to accept the LOCAL coinage! lol |
"The veneer of civilization is far thinner than we realize" |
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PennySaved
Penny Collector Member
325 Posts |
Posted - 10/16/2009 : 17:43:06
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| Guess it may be worth trying to get several dollars and sell it on Craigslist? Maybe someone traveling to Europe would be interested. Too bad i don't live in NYC, I saw a TV special where many of the stores there welcome payments in Euros. |
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PennySaved
Penny Collector Member
325 Posts |
Posted - 10/16/2009 : 17:51:42
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| Do most of you keep them or throw the back with the Zincs? |
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El Dee
Penny Collector Member
USA
388 Posts |
Posted - 10/16/2009 : 17:51:43
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It's all because of the cost to ship it, count it, store it. Paper doesn't weigh much, so it's cheap, but they still take a cut.
If you ever visit an international airport, you could stand by the coffee shop or ticket counter and offer to trade currencies with someone heading over.
Or, do what the last guy did before you got it and spend it at a convenience store.
I keep the Euros cents because it's fun. Canadian coins I spend - living in a border state the stores have always taken them without question. Canadian copper cents I keep.
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Trust the government? Ask an Indian. |
Edited by - El Dee on 10/16/2009 17:56:12 |
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fb101
Moderator
USA
2223 Posts |
Posted - 10/16/2009 : 17:51:48
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Yeah. I've called around to several banks that do foreign exchange and they don't do coin.
Save them and sell them when you've got enough.
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dakota1955
Penny Hoarding Member
786 Posts |
Posted - 10/16/2009 : 17:53:41
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| You could alsway sell them here with any other odd coins that you may find. |
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PennySaved
Penny Collector Member
325 Posts |
Posted - 10/16/2009 : 17:57:09
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Do you usually find Euro coins sorting any other coins (ie nickels, dimes, quarters)?
I just started sorting nickels and didn't find any Euro denomination money sorting nickels.
Are pennies going to be the most common place to find them? |
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El Dee
Penny Collector Member
USA
388 Posts |
Posted - 10/16/2009 : 18:01:57
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Euro nickels *er- 5 cent* are exactly the same size as US nickels, but they are copper plated steel.
Euro one cents are the size of a dime. |
Trust the government? Ask an Indian. |
Edited by - El Dee on 10/16/2009 18:06:37 |
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PennySaved
Penny Collector Member
325 Posts |
Posted - 10/16/2009 : 18:04:12
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| Do you commonly find the 1 cent or the euro nickels when you sort other change? I have found a one cent Euro in a customer rolled penny roll but mostly find the 2 cent Euros. |
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El Dee
Penny Collector Member
USA
388 Posts |
Posted - 10/16/2009 : 18:17:12
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I only have a single 1 cent Euro, and a single 5 cent Euro. I don't sort dimes or nickels, so I don't know how many you'd ever find. The ones you do find would probably come from consumer wrapped rolls - here's why:
Euro coins are steel, and Canadian coins are too. Counting machines probably use magnets to pull those out.
But not pennies. Since pennies are low value, they probably don't bother with magnetic separation. I frequently get foreign coins from US penny rolls - but not that many. I've gone through about $7,500 of pennies, and out of that have pulled out maybe 30 foreign coins other than Canadian, and the Canadian ones are both zinc and steel. |
Trust the government? Ask an Indian. |
Edited by - El Dee on 10/16/2009 18:24:36 |
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twocents
Penny Pincher Member
159 Posts |
Posted - 10/16/2009 : 20:27:48
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| I have found four Euro 10 cent pieces and seven Euro 5 cent pieces after sorting about $1500 in pennies. |
Just my two cents! |
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jadedragon
Administrator
Canada
2773 Posts |
Posted - 10/16/2009 : 20:57:50
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I get Euro coins in Canada too - in pennies and nickels. Can't trade them at a bank but you could sell them to someone heading over to Europe. They also come with various reverses, so you could collect them. I understand some countries in Europe do not use the 1 euro cent which may be why the 2 cents seem to be more common. Also the 2 cents blend into our pennies.
I also get a fair amount of UK coins in Canada. The pic of the queen helps them pass easily. I find the UK "5" in with dimes regularly. |
"It had long since come to my attention that people of accomplishment rarely sat back and let things happen to them. They went out and happened to things." - Leonardo da Vinci
How to Invest in Copper Bars ~~~How to Invest in Copper Bullion at A Steep Discount~~~How to Invest in Physical Nickel~~~How to Follow Gresham's Law |
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natsb88
1000+ Penny Miser Member
USA
1279 Posts |
Posted - 10/16/2009 : 21:18:33
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| I'd be interested in a few bucks worth of Euro coins... |
Nate
The Copper Cave
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HoardCopperByTheTon
Administrator
USA
5165 Posts |
Posted - 10/17/2009 : 00:16:06
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The way the dollar is going.. I wouldn't mind having a ton or 2.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Let me see if I understand this? If you cross the North Korean border illegally, you get 12 years hard labor; the Iranian border illegally you are detained indefinitely. If you cross the US border illegally, you get a driver’s license, a social security card, welfare, food stamps, free health care!
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Cerulean
Penny Hoarding Member
USA
823 Posts |
Posted - 10/19/2009 : 13:07:08
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I collect them. Maybe someday I'll fill a Euro Coins folder.
I find most of them on sorting machine magnets. |
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Wanna take seignorage away from the Fed? Spend *any* coins!
We cannot afford this government.
Cerulean's Standing Offer: $5/lb+shipping for foreign coins |
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Kurr
1000+ Penny Miser Member
USA
1651 Posts |
Posted - 10/19/2009 : 15:39:57
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| Isn't there usually a Forex in international airports? |
Selling coppers- 1.4 + shipping, PM me!! ~Temperarily Out Of Stock~
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A number of people are educated beyond, sometimes way beyond, their intelligence. - Tenbears
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Lemon Thrower
Penny Hoarding Member
USA
901 Posts |
Posted - 10/19/2009 : 16:17:15
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quote:
Originally posted by natsb88
I'd be interested in a few bucks worth of Euro coins...
I have a bunch, mostly left over from travels.
What would it cost to ship these suckers - a couple of bucks at least i'm thinking. |
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Converting Euro Cents
