Foreign Exchange Converter
Foreign Exchange Converter
Where can I exchange a foreign coin?
I have an old Brazilian coin from 1913 that says “2000 Reis” so i looked at a currency converter and it said that coin is worth a couple hundred US dollars but i don’t know where I can get that exact amount for an exchange. Where can i go to do this?
First of all bank do not accept coinage for exchange only paper currency. Second of all Brazil now uses the Real not the Reis. Your coin has long been out of use as legal tender. It would buy nothing in Brazil. A 1913 2000 Reis coin is made of .900 silverand has .5787 oz of actual silver weight. That is over a 1/2 ounce troy. The coin if in low grade is worth at least the silver value minus a percentage for a dealers profit. As a collectable if the coin is at least in a grade of fine or above it is worth $7 and and up to $25 in higher grades. Dealers pay less and you need to find a world coin dealer. U.S. coin dealers know little of world coins and will not give you a fair price only a silver value price. Hope this helps.
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