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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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14y 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When a coin is being withdrawn from circulation, there is usually an advance notification of the withdrawal, followed by a grace period when people can get rid of these coins at their local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.


Do banks accept old 50p and 10p coins?

Yes, banks in the UK generally accept old 50p and 10p coins, as they are still legal tender. However, some banks might have specific policies regarding the acceptance of older coins, so it's advisable to check with your local branch beforehand. Additionally, retailers may not accept them if they choose to only handle current currency.


Will banks accept old poind coins?

Yes, banks typically accept old pound coins as deposits, even after the introduction of the new 12-sided pound coin in 2017. However, it's advisable to check with your specific bank regarding their policies, as some may have specific procedures or time limits for accepting old coins. Additionally, old pound coins are no longer legal tender, so they may not be accepted for transactions in stores or businesses.


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.