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<p>[QUOTE=&quot;afantiques, post: 2111431, member: 71234&quot;]All British Bank of England and Treasury notes are redeemable for face value,since about the mid 18th C, although anything before the mid 20th C is likely to have a collector&#039;s premium, even if lightly circulated.</p><p><br /></p><p>There is a regular trade in other countries coinage at about 50% of face value. The stuff needs to be accumulated, and transported, which means the higher denominations are preferred, and then someone spends maybe $150 to transport 1000 Euros in coin to Eire, where they bank them for that 1000 Euro face value.</p><p>You will find the rates by looking at ebay sales of job lots of Euro coins or whatever.</p><p><br /></p><p>Some &#039;legacy&#039; pre Euro European coins are still exchangeable in the relevant European banks, search &#039;legacy currencies&#039; for a list.</p><p><br /></p><p>Banks won&#039;t handle foreign coin&nbsp; exchange, to much weight and fuss for too little value. If the only people who want these coins will pay no more than half of face value, then certainly, to answer the OP, coins can be worth less than face value.</p><p><br /></p><p>The Euro&nbsp; has pretty well ruined the &#039;Face value&#039; trade in the UK, I used to be able to accumulate Marks and Francs from people&#039;s mixed foreign junk boxes for a fraction of face and sell then to long distance lorry drivers for a rather larger fraction of face, they would then spend them in Europe at face value. No more. Most people above the breadline go to somewhere in Europe annually, and they take and spend their own odd coins.[/QUOTE]</p><p><br /></p>

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