Jump to content
CoinPeople.com

What does unicef do with coins they collect?


Recommended Posts

I frequently see Unicef donation collection boxes at banks, airports, currency exchanges. I was just curious if anyone knows what they do with these coins, who they sell them to? and if its possible to buy bulk coins by weight from them?

Link to post
Share on other sites

I'm not familiar with their general collection boxes (sounds like it might be a regional thing as the only time I see them is usually with kids on halloween) but collection / charity donation boxes in general usually end up in one of two dispositions:

 

1. If there's someone local to collect, usually they get collected up, with any foreign coins typically sold to a dealer (preferably one that also handles foreign exchange coins and so they can maximize value, and there are a number of those around).

 

2. If there isn't someone around to collect, sometimes the charity may simply ask the merchant to "cash out" the proceeds at a certain point in time and remit the collected funds to them.

 

If the boxes are geared towards collecting foreign coins, then the first option would be most likely.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...