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would you exchange old banknotes ?

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Legowwww
Joined: 23-Nov-2019
Posts: 176
At my local coin expo there is a bargain section that has currency for a dollar or less. upon some research a lot of old currencys are still convertible like old austrian, french, hong hong and british banknotes ( left over currency accepts old bank notes and coins)

would you say these Bargin bins and dollar bins are already searched for bank notes that have some value over a dollar or would you say there very mixed. would it be worth buying a lot of old bills that have value exceeding one dollar to exchange ?

i am planning to buy a ton of this bank notes if there's a opportunity.

would you say this Bargen bins hold old bills like.....

https://www.leftovercurrency.com/exchange/austrian-schilling/austrian-schilling-banknotes-pre-1983/1000-austrian-schilling-banknote-viktor-kaplan/

https://www.leftovercurrency.com/exchange/austrian-schilling/obsolete-austrian-schilling-coins/50-austrian-schilling-coin/

https://www.leftovercurrency.com/exchange/bulgarian-leva/withdrawn-bulgarian-old-lev-banknotes/50000-old-leva-banknote-bulgaria/

https://www.leftovercurrency.com/exchange/turkish-old-lira/obsolete-old-turkish-lira-banknotes/20000000-turkish-old-lira-banknote-7th-emission-group-1970/

a few of these bills like the Turkish and austrian bank notes i saw them in the bins, are they Legit ?
Its called MACEDONIA not North Macedonia  !!!!!!
Sjoelund
Joined: 28-Mar-2012
Posts: 4020
Cherry picking has probably already been done, but you are the master of your collection, so in the end it's up to you, but you might find variants and funny numbers and notes you miss. Up to you entirely!
Globetrotter
Coin variants in English:
https://sites.google.com/site/coinvarietiescollection/home
In French on Cobra's site (not the same)
https://monnaiesetvarietes.numista.com
Legowwww
Joined: 23-Nov-2019
Posts: 176
Quote: "Sjoelund"​Cherry picking has probably already been done, but you are the master of your collection, so in the end it's up to you, but you might find variants and funny numbers and notes you miss. Up to you entirely!

do you think the dealers have already searched for the value ones. when i mean valuable i mean exchange. like for example a 1 franc coin is worthless if you where to go to the bank and exchange it for euros but a 100,000 franc bill would be a few dollars/euros. so if there are some high denomination Paper notes that can be found that are pre euro, then i can change them for cash. this is not for my collection more to make money to buy coins for my collection :)
Its called MACEDONIA not North Macedonia  !!!!!!
Sjoelund
Joined: 28-Mar-2012
Posts: 4020
It's still up to you. If you think you know enough about grading and market values of notes go ahead
where would you sell them. Don't forget the postal costs.
Have fun if it works. Anyway you'll learn from your experience...
Globetrotter
Coin variants in English:
https://sites.google.com/site/coinvarietiescollection/home
In French on Cobra's site (not the same)
https://monnaiesetvarietes.numista.com
Pcoetzee5
Joined: 19-Jul-2012
Posts: 207
I would just sugegst you make sure you can still exchange the notes. And where. In Germany you can, but trhen you have to take these to the central banks (in most cases) where you can exchange these. Spain has stopped the swapping of old currency.
Ex-South African now living in Germany
COINMAN1
Joined: 8-Jun-2013
Posts: 2100
Bargain bucket of not, I would get them, especially for swaps.
Have looked at the four listed, and I do not have any of them. Just my luck they are so far away. Oh, to get a junk box in shops.
I'm just a collector of coins, not a slave to it, unless I am in a coin shop.
For all you banknote collectors. Link to my swap list.
https://colnect.com/en/banknotes/list/swap_list/COINMAN1
klei92
Joined: 25-Dec-2018
Posts: 314
Quote: "Pcoetzee5"​Spain has stopped the swapping of old currency.
​The last peseta can be still exchanged to euros in the Banco de España in Madrid (only there) till 31 Dicember 2020. By now there are a few months left 😉

And may I be wrong but I think they keep adquiring old currencies of peseta (for heritage purposes or related) but they need to be really good examples (whatever). Again, I may be wrong with this last info.
Se queres ca muller che queira, ten diñeiro na carteira
Sjoelund
Joined: 28-Mar-2012
Posts: 4020
Anyway, the costs of getting to the still open exchange points, will never cover your costs8~
Globetrotter
Coin variants in English:
https://sites.google.com/site/coinvarietiescollection/home
In French on Cobra's site (not the same)
https://monnaiesetvarietes.numista.com
Legowwww
Joined: 23-Nov-2019
Posts: 176
Quote: "Sjoelund"​Anyway, the costs of getting to the still open exchange points, will never cover your costs8~

left over currency is a website that accpets them, like old currency like francs you can exchange. all you have to do is send in the money in a envelope which in my country costs 8 dollars. so lets say if you had 10,000 Austrian schillings in 1000 schilling notes with the shipping cost you would make a profit of about 20 dollars. tho i do not recommend exchanging euros or us dollars because they rip you off. they even try to fool you by accepting old british sovigrnes at less then there value and even gold swiss francs at there face value.

https://www.leftovercurrency.com/exchange/swiss-francs/swiss-franc-coins/20-swiss-francs-coin-vreneli/

like look at this there gonna give you 8 british pounds for a coin worth over 400 dollars in melt
Its called MACEDONIA not North Macedonia  !!!!!!
KennyG
Joined: 25-Apr-2010
Posts: 4586
Quote: "klei92"
​​The last peseta can be still exchanged to euros in the Banco de España in Madrid (only there) till 31 Dicember 2020. By now there are a few months left 😉

​And may I be wrong but I think they keep adquiring old currencies of peseta (for heritage purposes or related) but they need to be really good examples (whatever). Again, I may be wrong with this last info.
​Exchanging pesetas is awesome. You go to the bank, dump the peseta coins in the machine (all last series), then with the receipt from the machine and the old notes, the teller gives you brand new euro notes no questions asked. With pesetas I had never had such a fluid exchange, and hopefully I am still able to go again this year given that I have at least $400 in pesetas, with a large amount of it in coins.

Back to the main question, absolutely. I have made it a hobby of exchanging old notes, and do it wherever possible in whichever country I travel to. I do this especially with countries where the coins and notes are easily obtainable, like Korea or Canada, regardless of the face value. So far, Japan, Costa Rica, and Thailand will readily accept their old notes, even at some supermarkets and stores, but the notes will sometimes get a premium from collectors. In Japan I sold to a dealer about a hundred of the old large 1946 Hideyoshi 100 yen notes for 150 yen each, and he had also bought some other hundred 10 yen and 5 yen notes from WWII and before for some 100 yen each. Notes from the 50s and up however regardless of condition would be worth FV and I spent them as such, or traded them for face among friends. In Costa Rica the Banco Nacional in the capital (a commercial bank, not the actual central bank) will exchange all old notes and coins, regardless of denomination. I traded in the very worn 100 colones and up, but decent shape notes of years as recent as the 90s I kept for collectors, which surprisingly have high premiums. This July I will be heading to Colombia and while it is hard to get ahold of notes in the US, I plan on exchanging a large number of the older coins and see where that goes. Since I live in Mexico, I trade in the older notes in worn shape for face value, but keep the Nuevo Peso notes I acquire for resale. If no one will collect the older notes and they are worth only FV, they are just money after all, right?
Kenny

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Trp
Joined: 10-Mar-2012
Posts: 206
Coin dealers or second hand shop dealers are usually not enthusiasts of world bank notes. I have picked those pre euro bank notes below face every now and then. But other buyers may cherry pick those before you. It is more common to get Spanish 500 pesetas, German marks or British pounds below face from junk bins.

World is full of undervalued money! Most of it is common and regular money, so it is totally ok to just spend or exchange it.
Legowwww
Joined: 23-Nov-2019
Posts: 176
Quote: "Trp"​Coin dealers or second hand shop dealers are usually not enthusiasts of world bank notes. I have picked those pre euro bank notes below face every now and then. But other buyers may cherry pick those before you. It is more common to get Spanish 500 pesetas, German marks or British pounds below face from junk bins.

​World is full of undervalued money! Most of it is common and regular money, so it is totally ok to just spend or exchange it.

I am glad to hear some good results with the finds, since I wanted to trade in some of my old coins. I have old bills and going s that are worthless like drakma and soviet stuff to trade for some Francs and pounds 😀
Its called MACEDONIA not North Macedonia  !!!!!!

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