At the end of each holiday many of us find ourselves with currency left over, we often put it in a drawer and plan to use it on our next trip and then forget about it. With the introduction of the Euro in 2002 many people have been left with currency from all over the Euro zone that they can no longer use. This money is still worth something and can be exchanged for Euros but only in the central banks of the issuing currency country.
On the whole old currency is still valuable to collectors and dealers if it is collectable condition. The term collectable condition means that the currency has to be in pristine condition. The date or age of the money unfortunately has little affect on the value as the majority of old currency is easy to obtain and not in pristine condition. Many old notes and coins are still available in large quantities and supply exceeds the demand for it.
The more scarce your old note or coin the more valuable it will be. What determines the value of your scarce old currency will be its condition first followed by its type and denomination. Every type of currency exists in two types of condition, well used or un-circulated. The un-circulated coins and notes are hard to come by thus making them more desirable to collectors.
To complicate matters not all uncirculated bills are valuable or scarce if many were produced and still held in large quantities and not all valuable money is uncirculated. Sometimes a used but rare note or coin can still be worth a great deal but only if demand far outweighs supply.
If you do have old money contact a reputable currency specialist in your local area where an expert will be able to give you a valuation of your currency.
