Extra currencies added – December 2018

Extra currencies added – December 2018

We’ve recently added these extra currencies to the list of foreign coins and banknotes accepted for exchange at Leftover Currency. Check out if you have any of these in your drawers. If so, you can convert them in three easy steps to cash, free of charge.

Retirement contribution limits will rise in 2019

Retirement contribution limits will rise in 2019

Good news retirement savers: The Internal Revenue Service announced cost of living increases to the contribution limits for retirement-related plans in 2019.

Annual contribution limits to 401(k)s will increase to $19,000 from $18,500.

And the annual contribution to an IRA, last increased in 2013, rises to $6,000 from $5,500.

“This is another win for investors and savers,” says Stephanie Bacak, a financial planner at Capstone Global Advisors. “For so long there were really no cost of living increases in the IRA so it is a great opportunity for so many to be more prepared for retirement.”

Catch-up contributions, available to those age 50 and over, will remain unchanged at $6,000 for 401(k)s and $1,000 for IRAs.

In addition to 401(k)s, limits for 403(b)s, most 457 plans and the federal government’s Thrift Savings Plan will also increase to $19,000.

Also rising next year are the income ranges that determine eligibility for deductible contributions to IRAs, to Roth IRAs, and to claim the saver’s credit.

For example, the income phase-out range for taxpayers making contributions to a Roth IRA increased to $122,000 to $137,000 for singles and heads of household, up from $120,000 to $135,000. For married couples filing jointly, the income phase-out range is $193,000 to $203,000, up from $189,000 to $199,000.

The IRS increases are helpful, says Shane Mason, certified financial planner at Brooklyn FI, but only if you are able to make the maximum contribution.

He says those who want to continue to max out their 401(k) should revisit their contributions to make sure they’re putting in enough with each paycheck.

Those that are paid semi-monthly (twice a month or 24 times a year) should be contributing $792 per paycheck and those paid biweekly (every two weeks or 26 times a year) should be contributing $731 per paycheck.

CNNMoney (New York) First published November 1, 2018: 4:50 PM ET

What is the value of a 100,000 Republika Hrvatska banknote?

What is the value of a 100,000 Republika Hrvatska banknote?

Does that mean you can exchange these 50,000 and 100,000 Croatian Dinara banknotes for these amounts? Again, unfortunately not. The exchange deadline for Hrvatskih Dinara banknotes expired shortly after they were replaced by the Kuna banknotes. Croatian Dinara banknotes have no more monetary value and should be considered as collectable items, or so called ‘numismatic pieces’. So are the 50,000 and 100,000 dinara banknotes maybe rare collector items with a high collector’s value? Again, no.

In 1996, the Croatian National Bank flooded the collector market with 600,000 sets of invalid dinar banknotes in denominations of 1, 5, 10, 25, 100, 500, 1,000, 2,000, 5,000, 10,000, 50,000 and 100,000 Croatian Dinar series, in uncirculated mint condition in the original packaging of cash receivers. 

According to the numismatic catalog ‘Coins and banknotes from Yugoslavia, Slovenia, Croatia, Bosnia and Herzegovina, Serbia, Montenegro and Macedonia‘ by Zlatko Viščević, the collector’s value, or ‘catalog value’ of the two highest denomination Croatian Dinara banknotes is the following: 

Crooked sixpence love tokens

Crooked sixpence love tokens

As described by ex-metal detectorist John Winter, sixpence love tokens were common in the 19th century. A man would give his sweetheart the crooked coin, no longer spendable: It would be a statement to deliberately mess up hard earned money, and to give it away as a token of love.

Some sixpence love tokens would have initials or heart symbols engraved on them. They were popular on the Feast of Saint Valentine. The lady who received the coin could either keep the love token when the love was reciprocal. Or she could throw the coin away. Metal detectorists find many crooked sixpences at the site of old fairs…

Rock star money: These bands issued their own banknotes

Rock star money: These bands issued their own banknotes

15,000 of these rock star money bills were rained down on the Foo Fighters fans during the concert, launched from confetti cannons. From a distance the banknotes resemble $100 dollar bills. Upon closer inspection one can spot a number of interesting modifications. These include:

Extra currencies added – April 2018

Extra currencies added – April 2018

In addition to the more recent series of Luxembourgish Franc banknotes which are still exchangeable for a monetary value, we have added the older Luxembourgish Franc banknotes to the site as well. These demonetized banknotes from the Grand Duchy of Luxembourg only have a collectible value, no monetary value. We are able to exchange them and our exchange rate covers the collectible value of these pre-euro Luxembourgish banknotes.

Get started here: Exchange demonetized Luxembourgish Franc banknotes.