If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
|
Thread Tools | Display Modes |
|
#1
|
|||
|
|||
Does Money Expire?
I have a small collection of brand new bills.
If one day I decide to use them to buy something, will they ever expire? Im sure I cant bring a bill from the 1800s to Walgreens and use it. For example, I have a bunch of the old twenties, but now there are two newer versions. Eventually, the old 20s will be out of circulation...the clerk (if they are young enough) might not even know what the bill is. |
#2
|
|||
|
|||
"Mike" wrote in message
om... Im sure I cant bring a bill from the 1800s to Walgreens and use it. If it's currency that was issued by the US government you can take it to a bank and exchange it for modern currency. |
#3
|
|||
|
|||
Im sure I cant bring a bill from the 1800s to Walgreens and use it.
If it's currency that was issued by the US government you can take it to a bank and exchange it for modern currency. Or if that is too inconvenient for you, I will take them off your hands for 25 cents on the dollar. |
#4
|
|||
|
|||
On 16 Sep 2004 15:02:45 EDT, "Steve Grant"
wrote: "Mike" wrote in message . com... Im sure I cant bring a bill from the 1800s to Walgreens and use it. If it's currency that was issued by the US government you can take it to a bank and exchange it for modern currency. No, you can't. You have to send it to me - and I can exchange it for modern currency. Padraic. la cieurgeourea provoer mal trasfu ast meiyoer ke 'l andrext ben trasfu. |
#5
|
|||
|
|||
|
#6
|
|||
|
|||
|
#7
|
|||
|
|||
Padraic Brown wrote in message . ..
... though you would be wise not to spend it at face value. Unless it's a rag you got on the cheap and feel like experimenting! Experimenting? Heh. Just stay away from the bleach and the ironing board, please. One of the challenges in running a foreign exchange business is keeping track of which countries' notes are still valid and which have expired. Do you run such a business? Yup. It is one part of our operations. The bulk is in coins and bullion with an FX department and we sell/custom-make fine jewellery. If so, how do you keep track? What the other poster answered with. The MRI guides and updates is what we use. How many "old" notes come through such a business? Examples? Notes from older European countries, the Middle East, Asia. We even get some old Jamacian and (mostly fake) US Colonial script. Regret I don't personally work in that department so my knowledge is limited. FWIW. - Sheldon |
#8
|
|||
|
|||
|
#9
|
|||
|
|||
"Sheldon England" wrote in message om... (Mike) wrote in message . com... I have a small collection of brand new bills. If one day I decide to use them to buy something, will they ever expire? Most likely, yes. It depends on the country of issue. Some banknote issuing countries no longer exist! Canada is one of the few nations that has never demonetized earlier money issues. The Bank of Canada is physically trying to remove the $1000 note from circulation by grabbing them from banks but the notes will always* remain legal tender as much as an 1870 Dominion of Canada 25-Cent note is still valid ... though you would be wise not to spend it at face value. One of the challenges in running a foreign exchange business is keeping track of which countries' notes are still valid and which have expired. FWIW. - Sheldon Actually I was part of a discussion on this subject at a coin shop the other day concerning exchanging foreign currency at a bank. There were three of us, and we all shared experiences of hearing of tellers in the bank taking currency which had been demonetized and exchanging it. The worst was some of the pre 1960 French Franc issues, which by the way, were still exchangeable in French banks up until 2002, but at a rate of 100 old for 1 new. But someone had exchanged the old at the rate of 1 for one at a bank here in the USA because the teller did not look up the notes etc. Now my bank is a hard nosed exception, they hold onto them for "collection" basically they are sent to headquarters in Minneapolis and then, and only then do you get your money. I think they are a bit more determined to check the MRI guide in essence. Dave --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.760 / Virus Database: 509 - Release Date: 9/10/04 |
#10
|
|||
|
|||
|
|
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
easy money | brett | Paper Money | 0 | July 8th 04 09:04 PM |
Want Money Read On! Proven Method... | C.Reed | Paper Money | 0 | June 1st 04 04:22 AM |
Want Money Read On! Proven Method... | C.Reed | Paper Money | 0 | June 1st 04 04:11 AM |
Money Maker | tonio | Paper Money | 0 | December 30th 03 07:26 PM |