Posts Tagged ‘coin exchange’

Exchange Your Old Foreign Notes Today

Posted on: July 11th, 2017 by Ian Stormnet

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!

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 Ian Stormnet

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 Ian Stormnet

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.

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.

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.

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.

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.

 

 

 

 

Change German Deutsche Marks

Posted on: August 17th, 2012 by Ian Stormnet

Change German Deutsche Marks into cash today!

Since Germany changed from the Deutsche Mark to the Euro there has been a surplus of Marks in circulation that have not been changed into cash. There are many people in the UK and Europe who have lots of unwanted foreign coins and currency including German Marks that they cannot exchange because banks do not accept foreign coins and low denomination notes. Even bureau de change operations and shops don’t accept foreign coins.

This means that there are many people who want to change German Deutsche Marks into cash but simply can’t. This means that there are thousands of pounds worth of old German currency that is going to waste.  If you know you have lots of German currency that you cannot spend, why not let Cash4Coins help you?  We have years of experience in exchanging German Deutsche Marks and can change them into any currency of your choice.

However, here at Cash4Coins we change German Deutsche Marks back into Sterling which means that you can now exchange those old German Marks back into usable cash! In fact we will exchange any foreign coins or notes – we will even exchange old UK coins and old Irish coins back into Sterling.

The process is fast, easy and secure and that’s why we are the UKs No 1 in exchanging foreign coins. All you need do is download our form on the page ‘how to send us coins‘ and enclose it with your currency. The great news is that if you have more than 5KGs of coins we’ll even collect using our secure national couriers for FREE. Once we have received your coins we’ll count and sort them then make you an offer to buy. If you accept then we’ll make payment either directly to your bank, via PayPal or cheque. In the event that you don’t accept our offer we’ll return your coins FREE of charge – so there is nothing to lose!

These are just a few reasons why people change German Deutsche Marks with us at Cash4Coins. We exchange German Marks for private individuals, charities, hospitals, airlines, retail operations, schools and clubs – if you want to see what our customers are saying about us then please take a look at our customer comments page.

If you’d like to change German Deutsche Marks then please contact us – we’d love to hear from you.  We have helped so many people to make the most of their available money by exchanging the foreign coins they have at home that would otherwise be going to waste. Our process is so simple – you send us your coins, we count and sort them and then we send you our no obligation valuation. If you would like to accept our valuation we will deposit the money in your bank account as quickly as possible.  We can pay by BACS and we can also deposit the money owing to you into your PayPal account.  It really is that simple!  Take a look at Cash4Coins today and see how much money you could make through our handy foreign coin exchange service.

Best Ways To Change Euro Coins

Posted on: August 17th, 2012 by Ian Stormnet

Cash4Coins offers the best ways to change Euro coin

A foreign currency exchange is one of the best ways to change euro coins and here at Cash4Coins that is exactly what we do. We can convert and exchange all of your unwanted euros and foreign currency that you have lying around the house, which the banks will not exchange due to the costs it incurs when repatriating the money.

At Cash4Coins we offer a service that is second to none and which has helped our customers to make use of leftover currency and also out of date currency such as old British 50p coins. If you missed the cut off point for this old currency you will be pleased to know that we can change this for you.  It’s all part of our service and we even count and sort it for you too!  Why not club together with friends and family to see how many Euro coins you can get together. We do change any currency however so if you have French Francs, Deutsch Marks or any other currency you want to make use of, you can send it to us at the same time.

We pride ourselves on our very fast and efficient service that we provide to all of our clients and the very competitive rates of exchange on your currency that we offer. Cash4Coins are always on hand to advise and help with any queries regarding the best ways to change euro coins and all your currency, we will even exchange out of date sterling and old Irish currency.

The process is really very simple, once you have sent your currency to us, our team of specialists will count and then recount the money, we will then contact you with an offer and once you accept you will receive your money with our very quick payment procedure. In the unlikely event that you are not entirely satisfied with the offer we make, we will return the currency to you at no expense to yourself. What’s more if you have a collection of coins and it weighs over 5KGs, Cash4Coins will collect it free of charge by courier.

If you’d like to send us coins today then go to our page ‘How to send us coins – if you want to see what our customers say about us then look at our customer comments page.

So if you are searching for the best ways to change euro coins or foreign currency, contact our team for more information, we are always happy to hear from you and help with your queries.  We have been providing our service for years and we are waiting to help you make sure of your leftover currency or old British or Irish coins now.  It really couldn’t be easier to make a little extra money and with our local collection points we make it easy for you to send your coins to us too.  If your coins weigh over 10KG we will send our secure courier to pick them up from you totally FREE of charge.  That’s outstanding service we think you will agree!

Company that will Change Euro Coins

Posted on: August 16th, 2012 by Ian Stormnet

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‘.

Exchange Coins

Posted on: August 9th, 2012 by Ian Stormnet

Exchange coins into Sterling…

At cash4coins we will exchange coins and convert them into Sterling currency for you. We all have foreign change and foreign coins lying around from holidays abroad and business trips. Why not exchange coins with cash4coins and convert the leftover foreign money into UK currency right now!

Banks will not exchange coins and convert them into UK currency. However, we will. We buy foreign currency in the form of coins and will pay you in Sterling, which means that you can at last get some value from your foreign change collection.  Why leave your foreign coins sitting around collecting dust when we can exchange coins into Sterling for you. It’s quick, it’s fast and it’s convenient.

We exchange all coins such as Euro, Dollars, Yen, Pesetas and everything in between – we even exchange old British and Irish coins!  Have you got any old British coins that you didn’t have a chance to exchange before the deadline?  If you do, we can change them for you. That might be music to your ears if you have jars and jars of coins that you thought were useless.

Above certain weights we’ll even collect your foreign coins for FREE – please go to ‘How to send us coins‘ for full details.  We do all the counting and sorting saving you the trouble of doing it yourself.

Many of our customers exchange coins as a fundraising idea for charity or for their local school, hospital or club. Collecting foreign coins is a very simple and effective way of fundraising and can be carried out by almost anybody. Just collect the coins and send them to us, we will sort, count and collate the coins and then pay you in Sterling via cheque or directly into your bank account by BACS or by Paypal (if you have a Paypal account).

For many businesses these days times are tough. And for those that accept (either willingly or unknowingly) foreign coins then this can make a difference to cashflow. The good news is that we help lots of businesses monetise foreign coins that were previously useless. For example you may be a shop, bar or restaurant in a busy tourist destination such as London, a local authority or tourist attraction that gets foreign coins through normal daily operations or an airport or airline. Whatever your situation we can help you with your foreign coins. Contact our team today for help.

Don’t let all that foreign currency go to waste use the cash4coins service to exchange coins now.  We would be delighted to assist you and our friendly team is on hand to help you with your questions. It’s never been easier to exchange coins for Sterling and we are the company to help. Remember, this is a service that the bank cannot help you with, but we make it easier than ever.  Turn that old currency or foreign currency into money that can work for you.  A night out, a shopping spree or simply extra money to pay the bills – this is what our many customers are doing with their Cash4Coins money.

Coin Exchange

Posted on: August 4th, 2012 by Ian Stormnet

The trusted coin exchange service…

At cash4coins we offer a coin exchange service for private individuals, companies, schools, charities and clubs. We buy foreign coins and our coin exchange service is used by many people across the UK. We help many charities generate income by offering coin exchange when they have carried out a charity collection fundraiser. As we all know most people have got foreign coins lying around unused at home somewhere, so why not cash in the foreign coins right now!

Our coin service is second to none and we use the latest technology to ensure an accurate count of your coins. So, don’t let that foreign currency go to waste, put it to good use now and send us your foreign money and we will exchange your foreign coins. We change all currencies such as Euros, Pesetas, Dollars and Yen – we even exchange old British and Irish coins!

The process to send us your coins and notes is super fast and secure and the great news is that above certain weights we’ll even collect your foreign coins for FREE – please go to ‘How to send us coins‘ for full details.

We count and sort the currency and then make you an offer to buy. If you accept then we pay you directly via bank transfer (we can also pay by PayPal and cheque is required). In the event that you don’t accept the offer we will return your foreign currency free of charge. So, as you can see using our coin exchange service really is very simple.

If you’d like to see what our customers say then take a look at our customer comments page.

If you’d like to talk to us about any aspect of exchanging foreign coins then we’d be delighted to help. We offer free advice as well as hints and tips on the best way to organise a collection.