What to do with unwanted banknotes that are still valid?

Hi, 

I have a collection of banknotes that I have lost interest in, they include a sizeable quantity of notes that I am sure could still be exchanged for current notes. These notes are circulated and not of value above their face value. 

The collection includes about $20 dollars worth of Canadian, about $20 worth of New Zealand, $20 of Australian, 7 dinars of Kuwaiti, etc etc. 

My local bureau de change wont tske them. as they are not the current issue of notes. 

There is not a life changing amount of any one particular country's banknotes, but tje add up to an amount that makes the qiestion worth asking… 

Has anyone had experience in exchanging these? 

I was just gonna put them onto ebay as a job lot so they become someone elses problem 😂😂😂

I am based in England. 

Cheers for looking, Jim

You should be able to lodge the Guernsey notes into your bank account without having to pay an extra fee on them.

However, I think that your idea of putting them on ebay is a good one. 

Some of them are old enough to fetch more than face value, I think.

I'd recommend eBay too (esp if you don't mind taking a bit of a hit) with the seller's fees.  There are paypal fees as well so you'd want to make sure you list the "lot" for a bit more than Face Value (unless you don't mind taking a small loss).  The other alternative is to request a trade here (for UK notes) perhaps?  Your exchange shop (or bank) should take the Canadian (plastic) $5 as it is currently in use.  

I've seen some folks use social media (like Reddit or FB) to list notes as well (which wouldn't include fees) but you just need to find someone who can actually transfer the funds to you. 

jimpop

Hi, 

 

I have a collection of banknotes that I have lost interest in, they include a sizeable quantity of notes that I am sure could still be exchanged for current notes. These notes are circulated and not of value above their face value. 

 

The collection includes about $20 dollars worth of Canadian, about $20 worth of New Zealand, $20 of Australian, 7 dinars of Kuwaiti, etc etc. 

 

My local bureau de change wont tske them. as they are not the current issue of notes. 

 

There is not a life changing amount of any one particular country's banknotes, but tje add up to an amount that makes the qiestion worth asking… 

 

Has anyone had experience in exchanging these? 

 

I was just gonna put them onto ebay as a job lot so they become someone elses problem 😂😂😂

 

 

I am based in England. 

 

 

Cheers for looking, Jim

I have sent you a message.

In my opinion, Kuwaiti Dinars are beautiful, insanely good quality paper, marvel under UV light and nice features overall. Breathtaking colors. I would never exchange this 2014 Series in UNC condition. It is one of few modern notes series that i have in complete set. Really special. 

I think you can exchange other ones in some numismatic fairs with other collectors in your vicinity. This is what I do with unwanted notes. Sometimes I even exchange them for valid notes if I am lucky enough. Or i exchange them for coins. 

Putting these on ebay makes sense only as a lot because of the condition. Individually, not so much. 

I will take some of them, message me if interested.

For those Australian paper notes, they are still legal tender. For all Australian banknotes issued since 1901, they are still legal tender or can be exchanged either at a local bank or at the Reserve Bank. Of course, if you have one issued in 1901, it would worth much, much more than the face value to a dealer or collector.

I believe those Kiwi paper notes are also legal tender too.

As for those Jersey notes, I though you can exchange them at your local bank in England at face value.

ahkai

For those Australian paper notes, they are still legal tender. For all Australian banknotes issued since 1901, they are still legal tender or can be exchanged either at a local bank or at the Reserve Bank. Of course, if you have one issued in 1901, it would worth much, much more than the face value to a dealer or collector.

 

I believe those Kiwi paper notes are also legal tender too.

 

As for those Jersey notes, I though you can exchange them at your local bank in England at face value.

I'm in NZ, and those notes are not currently in circulation. We have had one and two dollar coins for years now. They might swap them at a bank, I don't know, but I can guess what you would be told at the corner shop…