Older Yen still spendable?

S

SortOf

Kouhai

20 Feb 2006

56

0

• 17 Mar 2006

• #1

My uncle had quite a bit of yen in his collection (mainly 60's - 80's prints) which I exchanged to him for roughly half the US value since he had no use for it anyway. Its a decent amount of older printed yen, I think near 500,000...

My question is would this still be spendable in Japan?

 

P

pipokun

先輩

4 Feb 2005

2,559

46

• 17 Mar 2006

• #2

Yes, you can use them. But to avoid hustles at shops, you should go to bank at first and exchange them into new bills.

 

Mikawa Ossan

いかんわ！

Ten-year veteran Fifteen-year veteran Twenty-year veteran

17 Sep 2005

6,017

1,970

• 17 Mar 2006

• #3

I would think so, but your best bet would be to go to a bank for a deposit. If you don't have a bank account, they might trade it in for newer cash.

The problem is that even if it is still considered legal tender, your average storekeeper might not know that. It's better to go to a bank, where there is BOUND to be someone who knows well enough to help you.

EDIT: Oh, Pipokun beat me to it!

 

Mike Cash

骨も命も皆此の土地に埋めよう

Twenty-year veteran

15 Mar 2002

16,758

2,298

• 17 Mar 2006

• #4

For the oldest of the stuff, you may wish to shop it around to dealers as collectibles. True, they won't have appreciated in value much (if at all), but anything above face value is a plus.

 

mr.sumo.snr

Gavin Gives Italian Ducks

19 Jul 2004

319

25

• 20 Mar 2006

• #5

Mike Cash said:

For the oldest of the stuff, you may wish to shop it around to dealers as collectibles. True, they won't have appreciated in value much (if at all), but anything above face value is a plus.

Click to expand...

I look forward to the day when my bank finally has a sale....