NYC to sell foreign coins collected in parking meters
www.chinaview.cn 2007-07-31 03:10:19   Print

    NEW YORK, July 30 (Xinhua) -- New York City is selling 500 pounds of foreign coins that faked their way into parking meters this year, local media reported on Monday.

    Anthony Alfano, the city's deputy chief of meter collections, says they have pretty much every denomination from every continent, with the most common being Greek drachmas.

    The Department of Transportation, which makes about 90 million dollars from parking meters annually, has collected bids for the foreign coins and plans to announce the best offer on Monday.

    The agency decided to sell the coins a decade ago because it was impractical to exchange them for U.S. currency.

    In previous years, the coins have netted the department between2 and 4 dollars per pound.

    Last year's highest bidder for the coins was Jim Corliss, 60, of Braintree, Massachusetts, a longtime collector. He also bid this year.

    He said he once came across an 1835 British shilling worth 5 dollars.

Editor: Luan Shanglin
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