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Where are banks which buy old coins?

Updated: 9/18/2023
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Nancydyer

Lvl 1
13y ago

Best Answer

Banks don't buy old coins, coin dealers will buy old coins, some jewelry stores will buy old coins, banks will take your old coins at face value and then sell them to coin dealers and and make some profit.

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13y ago
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Does suntrust bank buy currency coins?

No, banks do not buy old coins. However, there are a lot of coin dealers and jewelry stores that will buy old coins. There are also private collectors of older coins who will purchase them too.


Do banks buy gold coins?

Banks will happily buy gold coins for their face value - since this is nearly always far less than they are actually worth. If you wish to sell your coins for their actual value, take them to a reputable goldsmith.


Do banks hold rare coins?

Generally not. Old circulated silver coins occasionally turn up, but banks don't make a point of keeping rare coins in stock.


How much does a Susan B. Anthony coin cost?

To buy? You can buy them for $1 at many banks, they are not rare coins, simply unpopular coins.


Where do you get coins?

You can start a collection of coins with the coins in your pocket. If you want old rare coins, you have to buy them.


Do bank buy old coin?

When a coin is being withdrawn from circulation, there is usually an advance notification of the withdrawal, followed by a grace period when people can get rid of these coins at their local bank. Once the grace period is over and the coins have been demonetised, the banks will no longer accept the old coins. If your coins are very old and in good condition or better, you might take them to a coin dealer.


Will banks buy my silver bars and coins?

No, banks do not usually buy silver coins. However, you can always go to a silver and gold dealer and exchange your precious metals for hard cash there.


What 5 words to say at a bank to buy silver coins?

If you are talking about a US coin, you have to go to the US mint website to buy silver coins. Banks don't sell silver coins. They don't distribute them either.


Do banks buy commemorative gold coins for face value?

Generally not, because commemorative coins aren't actual currency. Bring it to a jeweler or coin dealer instead.


What happened to pre-decimal currency?

Old currency is returned to the banks, the banks return it to the mint where it is melted down and sometimes used for making new coins.


Which French Banks will accept old Franc Coins?

No French bank will accept French Francs any more. The Franc was phased out in 2001 and replaced by the Euro. Banks accepted to change coins for a year after taht, and notes until 2005.


Can you buy silver dollars at the bank?

Some banks do sell American Silver Eagles, but they do not hold and sell silver coins that are turned in.