How Do You Take Advantage Of Junk Coin Bins At Coin Shops?
• Learn the exchange rates for different currencies around the world, and try to buy foreign coins at significantly below the going rate. • Learn the bullion content, especially for silver, nickel, and copper, of various coins around the world. • Search for coins of major currencies such as the Canadian Dollar, Euro, British Pound, and Japanese Yen. These currencies are more liquid to trade, and may even appreciate in value if you are hoping to buy-and-hold. • The German Mark (banknotes and coins) is indefinitely exchangeable for the Euro at the fixed rate of 1.95 German Mark = 1 Euro, and thus coins of the German Mark are as good an investment as the Euro. Especially look for 5 Mark coins, as these represent 2.55 Euro, currently around $3.80 USD as of 2009. • Keep an eye out for silver coins. You’d be surprised how often they come up by mistake in such bins. Some coins, such as Canadian nickels before 1981, are made of 99% nickel. Depending on the size of these coins and the price of
