Question About European Currency! The Euro too!

coinguy89

I've got a bunch of extra European cash from Germany, Italy, France, and the other areas, but this currency is before the Euro came around, stuff from the 1940's to the 1990's, including actual notes. Do these types of currency still get used or are still legal tender in Europe? If do or don't please let me know. Thanks a bunch.

Udo

Well for Germany I can say that the "Deutsche Mark" is no longer a legal tender. But the old DM can be changed into Euros for an unlimited period in "Landeszentralbanken."
Some countrys have got a deadline for changing the old currency into Euros.

newsman

As far as I know, Spain is the only country that still accepts peseta coins in exchange for euros at the central bank, but some other countries, such as France, still will exchange paper money.

spoon

Most countries will still exchange notes, but only at certain locations. Your older stuff from the 40s is likely out of date as it were, so probably no luck there.

One big thing to keep in mind: the pre-euro currencies have fixed rates as of January 02, I think it was (senility!).

So... depending on what you have, you will likely do better selling to collectors. If it's in terrible or heavily circulated condition and was still valid as of 2001, you might want to try an official conversion. But if it's a high denominated note for the country or anything in really nice condition you might do better selling on the market. Keep in mind there will probably be bank exchange fees, especially if doing this from outside the EU.

coinguy89

Well i've got two of those "10 Deutsche Mark" notes and like 15 coins that say Deutsche Mark in smaller fractions of that. So those would have to be taken to a bank in Germany? They won't just be accepted? Then the Frances I don't think are worth it, I was told the hugh amount I have only adds up to a few dollars. What are the collectors looking for in a lot of foreign coins or are they looking for individuals? Maybe i'll just post them here and just tell you guys to make an offer on each. I never bought the guide for World coins cause it was just so big. But on that note i'm keepin my Euros cause I know there value and I know of many places that will gladly accept them.

Angielczyk

Here in Italy there is a lot of talk about giving up on the Euro and going back to the Lira!!!!!!!!!

It has even been seriously suggested by a Minister in the Government.

One or two shops (not many) will still accept Lira notes in payment for goods.