Disposing of old coins - foreign and old-style GB decimal

Disposing of old coins - foreign and old-style GB decimal

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Discussion

Tony2or4

Original Poster:

1,283 posts

165 months

Friday 29th November 2013
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Hi guys.

The Finance forum seems to be the closest in relevance for this query.

Clearing out the house of a late relative we found a box containing quite a lot of British decimal coins, of the older type, ie large 2p, large 5p and 10p (same size as old shillings and two-bob pieces - remember them?).

Then there's another box, containing a mixture of foreign coins - all pre-Euro, and some from non-European countries.

My question is: what is the best way of disposing of them?

Seems a shame to just bin them (which might, in any case, be illegal for all I know). Is there some way that their original intrinsic value can find its way into a charity's coffers?

Or are there collectors out there who would take them off my hands?

Thanks for any suggestions, folks, and have a nice weekend.

T.

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Simpo Two

85,422 posts

265 months

Friday 29th November 2013
quotequote all
First, 'large' 2p coins are still in use; they are about the only thing that has survived devaluation.

As for the rest, you need to find out if they are legal tender. If not, you're probably looking at scrap metal.


Gareth79

7,670 posts

246 months

Saturday 30th November 2013
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Some travel agents have containers you can dump coinage into that to go charity, although whether they want obsolete coins is another question (I'd reckon they are sorted out and sold on).

Interestingly last time I went to one in town an elderly gent had the entire contents of one on a desk and was looking through them - possibly he has a deal to pick out any rarities!


Some Gump

12,691 posts

186 months

Saturday 30th November 2013
quotequote all
Aren't old school copper coins worth more as copper than coins?

Also old 10p's i'm sure were similar.

Don't shoot me if i'm wrong - i was told this by an economics teacher who only owned 1 jacket. If he was good at economics, he'd have had more than 1 coat...