Archive for the ‘Change Foreign Coins’ Category

Millions of unspent and redundant currency in circulation

Posted on: October 21st, 2018 by c4c-admin-account No Comments

Research conducted by Cash4Coins, a company who deal with coin processing and coin sorting concluded that 27% of people have left over foreign currency. Even after people try and spend it at duty free or leave it in a drawer, there is still over £819 million of redundant currency floating around.

Cash4Coins offer a coin sorting and coin processing service which takes all this redundant currency and turns it back into currency. This ‘BuyBack’ process enables all redundant currency to be sent to us to be exchanged to cash which can then be donated to a charity, cause or fundraiser.  This process is a great way of raising funds for many charities. Many airports use our services to raise money for charitable causes.

A huge amount of money goes to waste every year, the service we provide enables us process leftover currency sent to us which can then be donated to a charity.

We provide coin sorting services for many hospitals, charities, businesses, banks and other public sector organisations who raise money via fundraising.  Cash4Coins activities are 100% regulated by HM Revenue & Customs and we are proud to be a member of IBNS, the International Bank Note Society.

Money Laundering Regulations (MLR)

If you are looking at coin processing and currency sorting for transactions of a high value, by law we are required to implement the enhanced Money Laundering Regulation Checks

Cash4Coins service is tailored to customer requirements. Our process is a fast and simple way to exchange and process foreign coins into usable funds.

Exchange Your Old Foreign Notes Today

Posted on: July 11th, 2017 by c4c-admin-account No Comments

Out of circulation? No problem! We can help you exchange them before it’s to late.

As the excitement for the next £5 note and £1 coin calms down, we look at when they are discontinued and what you can do to keep those penny’s safe so you can still get your money’s worth. As well as this, we will let you know what exactly is old but still exchangeable for now, so you still have time to get your soon to be expired coins and notes into us.

UK £5 Notes

As you’re probably aware, the change-over in fiver’s from paper to plastic saw the UK going into meltdown… Literally. The so-called indestructible plastic note that saw people trying to tear, melt and even use them to play through a vinyl player! However, you may not be aware that the old beloved fiver note has now been discontinued. Do not fear, we are still happy to exchange these for you!

Vinly Note

Cypriot Pounds

Now, you may be less familiar with the news that the Cypriot pounds will no longer be accepted after 31st December 2017. If you have holidayed abroad to the beautiful country of Cyrpus in the last 9 years, you may be aware that the Cypriot Pound was swapped for the Euro in 2008. Now, if you happen to find a few of these lying around in old suitcase, under the sofa or in the ‘junk’ drawer then please don’t forget to contact us before December 31st!

Cypriot-1-Pound-Banknote-Front-Issued-1997

Spanish Pesetas

Whilst this one is a little less urgent, it is still crucial you get your left over Spanish Pesetas before December 31st 2020 (that gives you 2 and a half years of rummaging!) The Spanish Peseta has changed considerably over the years with a changeover in the 1980’s from old chunky notes, to notes that were designed around a modern era and had features such as the security thread and florescent fibres, as well as the large engraved images of history figureheads. However, these were changed again in the early 90’s, introducing American figureheads on to their currency as well as Spanish, to celebrate the fifth centenary anniversary of the discovery of ‘modern’ American. These notes included even more security features, including that of the advanced lithographic ink. This ink helps to detect fraud when an ultraviolet light is placed over them. They even had a feature added that helped people with impaired vision to distinguish the notes through embossed marks. These advanced notes then paved way for the new Euro notes that were introduced into Spain in 2002.

Spanish-500-Peseta-Banknote-Front-Issued-1979

Using this as a gentle reminder, get searching and collecting those unused, unwanted coins and notes and send them over to us whilst you still have time! If you have any queries, feel free to get in touch with us at Cash4Coins so we can help you get the most out of your exchange.

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.

 

 

 

 

A Brief History of Swiss Banking

Posted on: January 12th, 2017 by c4c-admin-account No Comments

 

Swiss banking over 300 years

Zurich and Geneva are the main hubs of Swiss economy, with Zurich being responsible for around a third of the wealth and a quarter of jobs within the city. Although Switzerland has its lack of natural resources, it makes the most of what its got and has become stable and prosperous by producing goods with strong value. For example, Rolex, Proctor & Gamble and – who could possibly forget? – Swiss chocolate.

Rolex-DD-18238-1

Aside from the chocolate, the beautiful mountainous views and popular ski resorts, Switzerland has a lot to offer. For those who want to keep their banking activities top secret, Switzerland is known as a financial safe haven. Regulation by civil law means that customers of the bank can put forwards complaints against any bank that doesn’t maintain client confidentiality. This has resulted in clients being protected because they cannot be prosecuted for information that has been divulged.

It all began over 300 years ago when Kings of France had the need for such a high degree of secrecy in their banking and borrowing of loans. It was carried forward through the years and became a safe place for people to reside their money after fleeing the revolution.

The Swiss Franc (CHF) has also always been the go-to currency in a crisis.

However, the modern day notoriety of some of the supposed ‘clients’ could include a strong list of mobsters, dictators and tax cheaters. This is due to the Banking Act of 1934 which allowed Switzerland to ultimately overcome the great depression and stock market crash of 1929 by allowing the clientele of the banks to keep their banking activity private. But this has also meant a lot of corruption over the years. Including the riddance of money and gold that was transferred from Jewish families over to Swiss banks from Germany, allegedly helping to finance their part in the war.

Top Secret Banking

However, it is not all bad. After World War Two, the USA, UK and France came to the agreement, called The Paris Agreement of 1946, that countries that remained neutral over the war would transfer over the money recovered from German allies to help aid Nazi victims. When discussing the issue, Switzerland transferred over approximately 250 million Swiss Francs of gold into the Tripartite Gold Commission’s monetary gold pool. This meant that the UK, French governments and US would waive claims against the Swiss banks connection to German gold over the war. In the years since, heirless money that has been left in Swiss bank accounts during that period of time has gone to Jewish and refugee communities to help rebuild the lives of families who were victims of the war.

Due to such high involvement in fraudulent scandals, Swiss banks have come under fire and held a national referendum in 2008 to amend the constitution that allows the information and records within banks to be open to tax authorities. However, a staggering 73% of the country voted against this idea, but it was not swiftly forgotten. In 2009, shortly after the UBS scandal, where a Swiss national helped US citizens avoid tax and defraud the US Inland Revenue Services, the law was amended so that non-Swiss clients of Swiss banks could be prosecuted for activity of this kind and limit tax evasion as much as possible.

Gold

Switzerland’s financial history is brief but remarkable. Withstanding wealthy King’s orders, world wars and great scandals, the Swiss have definitely got a lot to talk about (or keep to themselves, of course) in regards to their financial economy. If you have any queries in regards to your riches, please don’t keep it to yourself… Give our team a call today!

Company that will Change Euro Coins

Posted on: August 16th, 2012 by c4c-admin-account No Comments

If you are looking for a company that will change Euro coins then contact us today!

Are you looking for a company that will change euro coins? Maybe you are at a loss as to how to get the value from all of the unwanted foreign and out of date currency you have accumulated over the years. Unfortunately none of the high street banks will exchange foreign coins due to the high costs they incur in repatriating the money… which is where we come in…!

Cash4Coins are the best company that will change euro coins and all of your unwanted foreign currency. We offer very competitive rates on your money and provide a service which is second to none. It couldn’t be easier, you simply send your coins to us where they will be counted and sorted to ensure you gain maximum value from them.

Why not club together with friends and family to see how many Euro coins you can come up with?  Make it a competition.  If you have been on many European holidays you will be amazed at how many Euro coins you have knocking around. Look in drawers, change wallets, passport wallets, suitcases and other likely places to see how many coins you can get together.

As a leading company that will change Euro coins we are delighted about the good words our customers have to say about us. We can exchange any currency and we will do so quickly and at you convenience. And if you are not delighted with the valuation we give you, we will simply send you back all of your coins FREE of charge.

We will then make you an offer and once you accept you will receive a fast payment from us either by BAC’s, Paypal or cheque. What’s more if you are not entirely satisfied with the offer we make we will return the coins at our own expense. This is our satisfaction guarantee.

If your coins weigh over a certain weight we also collect the coins for FREE – see ‘how to send us coins‘ for full details.  Remember, the banks will not change your Euro coins for you.  It is not cost effective for them to do so, but because we are a company that will change Euro coins as a speciality service, you can be confident you will not experience that problem.

You can see just how good our service is by checking out our customer comments page. Where you’ll see lots of people just like you who are ‘over the moon’ with our valuations and customer service.  We have assisted charities, schools, museums and hospitals with our coin exchange service helping them to turn foreign coin donations into money they could use.

So if you are looking for a reliable company that will change euro coins then contact us today for more information. Our team are always on hand for a chat and to offer advise and the best ways to make your collections a bug success.

If you’d like to send us coins today then go to ‘How to send us coins‘.

Change Foreign Coins

Posted on: August 16th, 2012 by c4c-admin-account No Comments

Change foreign coins and currency back into Sterling

In the UK you cannot change foreign coins back into Sterling at your local bank or bureau de change. This means that most of us have a foreign coin collection at home that we will never use, each year thousands of people return from their holidays with foreign coins. At cash4coins.co.uk we change foreign coins into cash so that your foreign coins don’t go to waste. In fact, British Airways recently estimated that there was a staggering £30m of leftover foreign coins in the UK alone!

Our service is fast simple and secure and that’s why we are the web’s most trusted brand to change foreign coins. You simply send us your coins (Above certain weights we’ll even collect your foreign coins for FREE – please go to ‘How to send us coins‘ for full details.) We then sort and count the currency, then pay you.

In the event that you don’t accept our offer then we’ll return your coins FREE of charge – so there is no risk. This is our 100% satisfaction guarantee.

What foreign coins to we accept?

ALL foreign coins
All foreign banknotes
Euro coins
Pre-Euro coins
Pre-Euro banknotes
British coins
Irish coins
Old pre-decimal coins and notes
Damaged and garbled coins

 

We will change foreign coins for private individuals, companies, groups and charities and offer great rates. Why not organise a collection for your Christmas party or for a local school, club or charity – it’s a great way of fundraising.

At cash4coins we use the latest counting and sorting technology to ensure accurate assessments of the value of your coins. Why not change foreign coins today and put the unwanted foreign currency to use.

You’ll also be pleased to hear that we offer FREE help and advice  on the best ways to make your collection a huge success. Contact us today!

Convert Coins

Posted on: August 9th, 2012 by c4c-admin-account No Comments

Convert coins and notes into cash!

Convert coins into cash right now! At cash4coins we will convert your foreign coins into Sterling, something that the banks won’t do! This means that many of us have valid yet unusable foreign coins lying around that are just going to waste. We get foreign currency and convert coins into Sterling then pay you by electronic payment directly into your bank. (or via PayPal or cheque if preferred)

We exchange all foreign coins from the popular Euro through to the Yen and even old Pesetas. We also change old Irish and British currency. So if you have any old 5p, 10p or 50p pieces that you didn’t get a chance to exchange before the deadline, we can help. Why not take a look in old jars around the house to see what you have lying around. You might be surprised!

Our service is superfast and very simple:

You send us your foreign coins to convert.
We count and sort them
We make you an offer to buy (in the event that you don’t accept our offer we return the coins at our expense – so their is no risk to you)

 

If you accept our offer then we send you the money via bank transfer, PayPal or cheque. To see just how good our service is take a look at our customer comments page. And you are in no way obligated to accept our offer.  We leave that decision up to you but we think you will be absolutely delighted with the price we give you.

Above certain weights we’ll even collect your foreign coins for FREE – please go to ‘How to send us coins‘ for full details.  We give you a convenient service that the banks can’t and help you to turn your leftover or unused currency into money in the bank that you can use.  It’s simple, it’s quick and we are the best company to use.

You may want to convert coins from your own coin collection or maybe get a group of you together and convert a bulk amount. One of the most popular options is for people to collect coins for charity or maybe for a good cause such as a local school, hospital or club.

This is an excellent way of fundraising and we will convert coins into Sterling for you.  We also have a team on hand to help you with some great fundraising ideas for your charity.  You’ll be amazed at how much you can collect through a foreign coin collection and once you are done you can send your cash to us.  We can convert coins quickly and turn them into money you can use for new equipment or materials, a fun day out or simply leaving in the bank for when you need it the most.

If you have any questions relating to exchanging foreign coins or would like some help and advice on the best ways to organise a charity collection or even if you are a business who wants to convert coins into usable British currency then we’d be only too please to chat to you.

Change Coins

Posted on: August 6th, 2012 by c4c-admin-account No Comments

Change coins for cash today…

Cash4Coins provide a way for you to exchange foreign coins into Sterling – and the process is fast, simple and secure. Every year we help lots of people change coins back into spendable British pounds which can’t be done at any UK bank.  You might think that your bank would be the first place you can find help with your coins, but unfortunately they do not provide this service.

This is because of the huge logistical operation involved in sorting, counting and then shipping relatively high weight (but low value) metal back to the country of origin.

However, the great news is that here at Cash 4 Coins we will change coins for you! All you have to do is package and post us your leftover foreign coins and we’ll then sort and count them. Once this is completed we then e-mail you a valuation offer – if you accept our offer then we’ll send you payment directly to your bank! It’s really that simple….

And what’s even better is that if you don’t accept our offer then we’ll return your coins at our expense – so there is nothing to lose. (This is our 100% satisfaction guarantee).

Above certain weights we’ll even collect your foreign coins for FREE – please go to ‘How to send us coins‘ for full details.  It really is easy to send your coins to us and we can change coins from any country. Once we receive your coins we will go about counting and sorting these for you – it’s all part of the service and saves you lots of time and effort.  We will then send you our best valuation for you to consider at your leisure. If you are happy with our valuation we will arrange for your coins to be exchanged and send you the Sterling by BACs transfer to your nominated bank account. And if you are not happy with the valuation, no problem!  We will simply send you back your coins totally free of charge!

Collecting foreign coins is also a great way to raise money for your favourite charity, local school or club. Why not get together with friends or colleagues and organise a collection – we’ll change coins for you. We are also the trusted partner for businesses who are looking to change foreign coins that they accept either deliberately or inadvertently. This can include local authorities, museums, attractions, theme parks, airports, airlines, ferry and port operators as well as shops and restaurants – Contact us to today to change coins into cash!

If you’d like to discuss any aspect of how to exchange foreign coins, or would like any hints and tips on the best way to organise a collection for charity then we are here to help you.  At Cash4Coins we have been offering our customers expert help when it comes to needing to change coins and we would be delighted to extend our help to you.  If you have any questions about our service please get in touch with our friendly and knowledgeable team.