Heads Up for old coins
Old coins are bringing in the money for a group of Wellington children.
People throughout the region are being asked to donate their out-of-date and foreign currency to Heads Up for Kids, an organisation that provides confidencebuilding, life skills and leadership opportunities for children who would otherwise miss out.
Coins and notes can be dropped into bins at New World and Resene stores, and so far more than $220,000 has been raised.
Heads Up spokeswoman Olivia Lacey said the money would go to courses such as Outward Bound, Spirit of Adventure and the Sir Edmund Hillary Outdoor Pursuits Centre, and for training for youth education programmes.
‘‘ There’s a sense of accomplishment [ with those programmes] that isn’t an academic thing – a sense of feeling proud of yourself for achieving something like that,’’ Miss Lacey said.
‘‘It’s quite team-oriented. Kids learn to work with other people, and they have to get that confidence to actually do things.’’
Because old coins and notes were being asked for, Miss Lacey said the campaign was a good way for people to donate without actually spending any money. Old money cannot be used as legal tender, but can be redeemed dollar for dollar at the Reserve Bank.
The Reserve Bank estimates there is $ 116 million of old money unaccounted for in New Zealand.
The Heads Up for Kids campaign is run by the Lions Clubs of New Zealand.
They sort the old money and send it by the tonne to the Reserve Bank.
So far about nine tonnes of old money has been sent to the Reserve Bank to be redeemed.
The foreign money is sent overseas and redeemed for about 85 per cent of its face value.
Miss Lacey said that the goal was to raise $1 million, but the campaign would continue as long as the money kept coming in.
‘‘If there’s $116m out there, you’d think that under 1 per cent would be achievable,’’ Miss Lacey said.
Money for free: Rachel and Luke Poulton found some old coins to donate to Heads Up for Kids.