Archive for the ‘Sell Foreign Coins’ Category

UK Households Unearth More Than £3.79 Billion in Lost Change & Foreign Currency Each Year

Posted on: July 6th, 2017 by c4c-admin-account No Comments

A UK study has revealed that the average British home harbours more than £140 in “lost” UK sterling and foreign change. The sides of the sofa, clothing pockets and the back of drawers are the most likely areas to uncover forgotten cash. 

 

New research has found that Britons have three different types of foreign currency at home from previous trips abroad at any one time. Euros, US Dollars and Turkish Lira were revealed as the most common kinds of international notes and coins unknowingly hidden in the average UK property. 

The team at www.web-blinds.com polled 2,948 British adults aged 18 and over as part of the study into hidden finances of the average UK home. Participants polled were spread evenly across each of the UK regions, with all those taking part currently renting or owning their own property. 

Firstly, all respondents were asked how often they found loose change (UK or foreign notes and coins) in unexpected areas of their home, with the vast majority (93%) admitting that this happened to them on weekly basis. When these individuals were then asked to estimate how much was found during each discovery, the average amount emerged as £2.70, equating to £140.40 over the course of a year. Taking into account the total number of households within the UK (27.1 million*) this would equate to £3.79 billion found across the entirety of British homes each year. 

Everyone taking part was then given an extensive list of possible answers and asked to state the areas that they’d previously uncovered forgotten change (coins and/or notes) in their homes, with the five most common answers emerging as follows: 

1.       Down the side of a sofa/under cushions – 72%

2.       Inside clothes pockets – 64%

3.       At the back of drawers – 49%

4.       Under the bed – 22%

5.       Inside pots and/or ornaments (e.g. vases) – 16%

Participants were given the option of ‘other’ in order to add in some of the more unusual locations they’d found hidden change in their homes. From this, researchers uncovered that a total of nine participants had found loose change hidden in a pet’s bed, while seven respondents managed to retrieve money that had been dropped into their toilet bowl. 

When asked if foreign currency from travelling abroad had been amongst the loose change found around their home within the last year, more than three quarters of respondents (77%) admitted that it had been. Of these, the majority (84%) stated that they’d forgotten they had the currency following their return from foreign trips, as there wasn’t enough to convert back into UK sterling. The most common foreign currencies unearthed in UK homes emerged as Euros (78%), US Dollars (23%) and Turkish Lira (19%).

Kirsty O’Sullivan, spokesperson for web-blinds.com, said:

“Finding a little unexpected treasure at the bottom of your sock drawer or down the side of your sofa can be a thrill – depending on how much you discover.” 

And with that, we encourage you to have a rummage behind your sofas, under the bed and definitely under where ‘X’ marks the spot in your garden (who knew that was there?). And if you happen to come across those coins that you have no use for, then why not give us a call, so we can help you shift that unwanted currency!

A Brief History of the Knights Templar

Posted on: June 9th, 2017 by c4c-admin-account No Comments

And London’s First bank…

Our knowledge of currency stems from the invention of trade between merchants. This was often trade between workmen, trading their services, goods or cattle.  However, the concept behind storing currency to those who could be trusted with others money was one that came about in the 1100’s. It was established by a group of men called the Knights Templar.

 

Who are the Knights Templar?

These groups of men were thought to be warrior monks that were highly faithful to their religion and the holy war and fancied themselves as loyal to their hierarchy. Their home was situation on Fleet Street in London, a place called Temple Church. This church still exists today and is not just known as the residency of the Knights Templar, but home to London’s first bank.

 The Knights Templar

Why and how did they come to create London’s first bank?

The thought behind this idea came from the pilgrimage that the Knights were dedicated to: a voyage that took them thousands of miles from London to Jerusalem. They needed somewhere to store and exchange their money safely and trustfully and avoid taking large sums of cash from one end of Europe to the other. The idea was that they could store their money in London and withdraw it in Jerusalem, saving them from being burgled when carrying large amounts of cash and still being able to afford food ad resources for their journey.

Temple Church

How did it work?

Though not the same of banks today, which are typically ran by the government, these banks were thought to be ran privately, owned by the Pope and connected through Kings and Queens across Europe. This allowed some sense of security for the Knights. However, this was not just a typical exchange and transfer of money for its users, the bank provided financial services. The Templars acted as brokers, providing Kings and Queens with land through the means of loans and yearly payments. It is known that the Crown Jewels were kept there as a security loan for payments of small islands across Europe, similar to the pawn-brokers of today, although on a much larger scale (I have a feeling that the Queen has never popped down to her local pawn shop with the Crown Jewels for a house in the countryside!) Though this did not last forever and eventually the European order of this bank and others broke down by the 1300’s after the European Christians lost control of Jerusalem.

 

New Ventures

However, all is not lost. Though the Templar disbanded, an Italian merchant placed in Lyon, France, decided to buy and sell debt, becoming very rich. While the other merchants around him were laboring, trading their goods, this Italian merchant simply sat and waited for money to come to him. He would sell something called a ‘bill of exchange’ that could be recognised, not as money, but as a means of exchange for money in the Italian province of Florence – Many miles away from the small town in France where he resided. It eventually become a large network and as this network of bankers grew, they would meet every year at fairs in places such as Lyon to go through their books and settle any unwanted debts. From this model comes the credit card, a system that allows a simple piece of paper (or in today’s technology, a chip and pin card) to exchange credit for goods: a radical new system that was worth investing in.

Bill of Exchange

Hierarchy

This system did not come without mistrust and a band of hierarchy that became corrupt with power. Much like events we saw on Wall Street in the 80’s, banks and organisations alike across the world would come together in an effort to avoid paying tax and creating private money between the hierarchies that were untouchable by the government. The regulations of these banks have been tested time over by governments across the world, yet it seems that those holding the most power (and coincidently, the most debt) will always prevail. Even back in the 1300’s the Templars saw their fate as one of torture by the King, who had outstanding debts he couldn’t pay off. Instead of simply working with these men to sought restoration, he used his hierarchy to have them tortured and burned to death in order to claim back what he believed to be his.

 

Great minds think alike

This may have been a great new way to share and exchange money but back in China, several centuries earlier; the Tang dynasty used a similar format called “feiquan”. This can be translated to ‘flying money’. It was a system that allowed merchants to deposit their profits into a central office and then withdraw it in cash in the capital.

Flying Money

Although this is a great piece of British and European history, we won’t let you go through the hassle of long voyages or trading cattle for a simple credit exchange! At Cash4Coins we exchange your foreign currency… for cash! We can’t accept your Crown Jewels, but give us a call today if you would like to know more about how we can help you.

 

 

 

 

Sell Foreign Coins

Posted on: August 15th, 2012 by c4c-admin-account 2 Comments

Why not sell foreign coins to us today – it’s fast and simple!

Don’t let your unwanted foreign coins go to waste, instead why not sell foreign coins to us here at cash4coins. We will buy your discarded foreign currency and convert it into Sterling for you. Banks in the UK won’t exchange foreign coins which leaves thousands of people stuck with money from holidays that they can’t convert back to Sterling.

The process is fast, simple and secure. Here’s how:

  1. Send us your foreign coins (to see how to do this go to ‘How to send us coins‘)
  2. We process, sort and count your coins and make you an offer to buy them.
  3. If you accept the offer we pay you via bank transfer, Paypal or cheque! It’s that simple!

We also offer a 100% satisfaction guarantee – if you don’t accept our offer we’ll return your coins at our expense.

Above certain weights we’ll even collect your foreign coins for FREE – please go to ‘How to send us coins‘ for full details.  We have a number of drop off points conveniently situated too to make it easier than ever for you to sell foreign coins to us.

Our service is second to none and this is why we have hundreds of satisfied customers – just check out our customer comments page to see what people are saying about us.  We have helped individuals with leftover holiday money, charities, hospitals, schools and museums to make use of the coins that nobody wants or can use any more.

We accept all coins and currency, from the Euro to the Yen, the Dollar to the Peseta and everything in between – we’ll even change your old British and Irish Currency AND even pre-decimal coins.  Our team of coin experts can quickly sort and count your coins for you and send you a competitive valuation.  You do not have to accept this valuation, but if you do, you could have your money in your bank account or PayPal account very quickly.  And if you don’t like the price we give you, we will simply send back your coins free of charge.  So you see, you really have nothing to lose!

Instead of being stuck with foreign currency sell foreign coins to us. You may want to organise a collection of coins for charity or for a local good cause, whatever you do sell foreign coins to us for the best possible rates and super-fast payment. We buy foreign coins on behalf of UK business and charities, so don’t delay – sell foreign coins to us and reap the rewards right now.

If you’d like any help or ideas for fundraising then please don’t hesitate to contact our team for FREE advice.  We can help you with fundraising ideas and tell you how our service works.  We offer convenient and quick service and will get your coin valuation to you as quickly as we can.  Why not speak to our team now?  We would be delighted to help you turn that worthless currency into money you can use!

Coin Collections

Posted on: August 13th, 2012 by c4c-admin-account No Comments

Exchange you foreign coin collections for cash!

We love foreign coin collections, unlike UK banks! We will buy your foreign coin collections today and convert them into Sterling and then pay you via BACS payment directly into your bank account or by cheque. If you have a Paypal account we can pay into that as well.  The banks don’t like coins because it is not cost effective for them to sort, count or repatriate these coins. But at Cash4Coins we specialise in this service and give you the best way of making your unused currency work for you.

We’ll exchange ANY coin collections – including foreign coins and old British and Irish coins.  It’s so easy to send us your currency and you might be surprised how much that collection of coins is actually worth.  What could you do with a little extra money?  Whether you are a charity, a company or an individual, we bet that money will come in very handy.  Let’s face it, it’s money that you haven’t had to work hard for (not recently at least) and that is just sitting around collecting dust at this present moment in time.

To send us your coins today take a look at ‘How to send us coins‘ – if you want to see how good our service is then take a look at our ‘customer comments’ page.

Our service is as simple as 1, 2, 3….

1. Send us your coins and we’ll count and sort them.

2. We make you an offer to buy your foreign or old British and Irish coins

3. If you accept our offer we pay you directly. (In the event that you don’t accept our offer we return your coins free of charge)

It really is that simple….

Most of us have foreign coins lying around that can never be used, however we will convert your foreign coin collections for you. You may want to send your own private collection or maybe get together with friend or work colleagues to send us a larger coin collection.

Many people organise charity coin collections, you may want to collect coins for a local school or club – whatever you want to do we can convert the coins into Sterling.

Above certain weights we’ll even collect your foreign coins for FREE – please go to ‘How to send us coins‘ for full details.

Don’t let that coin collection sit there going to waste, simply get all your foreign change and coins and send them to us – cash in your coin collections today.  If you are a charity looking for coin collections fundraising ideas, give our specialist team a call.  We can give you lots of inspiration that will have the foreign coins rolling in before you know it.  And this is money that you can send to us to exchange for Sterling. Think about what you could do with just a little extra money in your bank account.

If you’d like specialist help and advice on the best ways to exchange foreign coins, or help with any fundraising ideas then we have a team who can help you. Contact us today…