We sell all manner of coins and
banknotes, with stocks varying depending on what material has
been purchased, what has been prepared for sale, and what has
been sold !
We buy virtually anything in coins. Quoted here is an extract from the advice aimed at charities selling coins and notes as a fundraising effort.
|Our main business contact
with charities is through buying stamps in bulk, but
over recent years many organisations have found that
collecting coins can be very lucrative. (Many of the
charities from whom we buy stamps and coins find
that the coins now more than match their stamp income.)
In broad terms, coins and banknotes break down into categories as follows.
Coins current in other countries, or recently current. This includes some of the "legacy currencies" in use in the Eurozone countries (Austria, Germany, Ireland, and Spain are still ok - others are now demonotised, and we only buy them as scrap). Many members of the public have little bags of leftovers from holidays and business trips, and are now quite happy to give them to charity.
Coins of collectable value. This for a charity can be difficult to sort out from other scrap/"smush" but we do the separation for sellers. Sometimes a charity might be donated an organised collection, in which case this would be worth keeping intact in case it includes any better items.
Coins of low value. After the two previous groups have been extracted, this is what is left.
Banknotes current in other countries, or recently current. The notes above for coins apply here also (but many of the notes from Eurozone countries who's coins have been invalidated are still acceptable). It should be noted that banks normally only consider current notes as of value; many that banks declare "not exchangeable" can in fact be redeemed as long as you know where and how to do it.
Other banknotes. All banknotes have some collectable value, although the cheapest (either very common, or in poor condition) are often worth only a few pence each. It is very important that any notes you are given which are in mint condition are kept that way.
We also handle gold coins, but often do this in a different way. For smaller lots (one or two sovereigns or half sovereigns, for example) we would normally just make an offer to buy. For larger holdings (i.e. worth at least one or two thousand pounds, certainly for higher) we would usually offer to act as a broker. We have good and trusted customers who are usually good buyers of gold coins and bullion (also quantities of silver). If a customer has arranged to bring their coins in to us we will inspect and check them, and find a buyer. Our vendor customer then has the choice of whether or not to accept the offer. If accepted, a deal is agreed with the buyer, and we then see the sale through to its conclusion, including taking care of sending the coins to the buyer. For this brokerage service we charge a percentage normally of between 3% and 10%, depending mainly on total value (lower still on very large holdings). Settlement normally takes about one week.
Farthings (¼d) :: seldom under 1p each
Halfpennies (½d) :: normally £2 per kilogram
Pennies (1d) :: normally £2 per kilogram
Brass Threepences (3d) :: average 1p each
Silver Threepences (3d) :: average 20p to 25p each (slightly more for dates up to 1919)
Sixpences (6d) :: 1947-onwards 2p each (*See "silver" below")
Shillings (1/-) :: 1947-onwards * 2½p each (more for large quantities)
Florins (2/-) :: 1947-onwards * 5p each (more for large quantities)
Half Crowns (2/6) :: 1947-onwards * 6½p each (more for large quantities)
Crowns (5/-) :: most from 1965 onwards are slightly below face value - up to 1960 prices vary
Decimal coins now out of
* Silver Coins
All prices here are intended to be for guidance only. They are subject to change due to market fluctuations, and our own buying requirements. However, at the time of writing they are a genuine indication of our buying prices.
© Robert Murray
2003-2016. Last updated Friday 23 December 2016.
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|Robert Murray Stamp Shop
5 & 6 Inverleith Gardens
Scotland EH3 5PU
Tel. 0131 552 1220 or 0131 478 7021
is open four days each week, and customers are always, of course, welcome.
We carry very wide stocks of the whole world - much, much more than is listed on our website.
Full shop information at this link.