I have a bill from Italy that came in through the mail quite some time ago and it came to me in halves. It says ccinquencento and has a 500 on it. How can it be fixed? Can it even be fixed?
A little Scotch tape does wonders, but when you finish it will still only be worth ~$10/ton as scrap paper. As a pre-Euro bill it has no current face value.
Some central banks in europe still exchange the old currency for new. Need to check to see if Italy has passed a cutoff date yet.
You could check to see if there are any Banks in your area with Currency Exchanges and see if they will exchange the bill for you! If there are none close by, then they might know where they are located. Frank
I doubt it's worth much. Last time I remember being in Italy before the Euros, they had like 10,000 lira notes which was like 10 dollars or so. (don't remember the exchange rate though) 500 lira was a bimetal coin, so I doubt it's worth a lot. Is this for some kind of payment? If so, it should be Euros by now.
Warning: ITL Italy Lire is obsolete and is no longer legal tender. 10,000.00 ITL = $ 7.11962 USD Banknote collectors do not want to keep torned notes unless they are scarce or rare. Just keep them in you collection for the later generation. They will turned out to be worth more in value.
Glad you still have it. I never tried to fix it as I figured I would make it worse than it is already. I just kept it in two halves. Glue from the tape would discolor in time.
The only one I did research on was Irish Punts. They say they are not legal tender, but the Central Bank of Ireland still exchanges them for Euros, meaning they are still worth face value, just difficult to redeem (I'm not flying to Ireland anytime soon) It's possible Italy is the same way.
I read somewhere that Italy or those countries affected when they switch from their own currency to Euro $, their own banks gave a deadline to change the old currency to the new Euro $. In fact, the old currencies have a collector's value. How fast this value will increase over the years will depend on the availability ( scarcity ) and the demand from collectors. Even for torn into halves banknotes should not be thrown away but should be kept in it's original state. As the saying goes, "Anything original, it is always the best". I think this apply to many things in our life as well. In my case, I choose to collect specific solid number 555555 and 888888 for my collection. :kewl:
No, but you have some more time to exchange lire (notes and coins) into euro cash - until February 2012. Unlimited redemption periods for pre-euro paper money apply in Austria, Belgium, Germany, Ireland, Luxembourg, Slovenia, and Spain. Christian
Keep the note ( 500 Lire ) as family treasure for the future generation. I have a Straits Settlements 1935 $1 note that was previously collected by my grandfather. It was mounted on a plywood with staples ( I am not sure where he got this idea of mounting on a plywood ). A plastic sheet covers the notes on the plywood. The note was in bad condition with lots of holes. It must be those silver worms who have ate and created their artwork on the note. I still keep the note as it was from my grandfather. Not much value due to the condition of the note but that motivates me to further my hobby and kept top-notch ones in my collection. You won't be surprised that your future generation will be talking about how great your collection including the Italian 500 lire note. Cheers.
