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 Replies: 49 / Views: 7,116 |
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Valued Member
United Kingdom
188 Posts |
Maybe he was just trying to be a smart investor, and assumed that if the issue didn't sell out and jump in value quickly, he could just spend his stock as they were "legal tender" and so free up money to invest elsewhere.
Does Tesco's about-face imply that some bank will take them, send them to the Bank of England with cupro-nickel coin being replaced, tatty banknotes etc and they will get melted down again?
The possibility of fakes appearing must be a real headache. The better fake £1 can only be recognized through familiarity with the real thing not pictures as it is, and I've found supermarket staff unable to recognize bad ones even when pointed out.
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Valued Member
United Kingdom
477 Posts |
These coins act as legal tender if you has court debts, so if you go to court they can be used as a collateral payment on the face value. As far as I know, no shops or banks will be willing to accept them. Legal tender has a somewhat complex meaning, compared to what the average person would know-i.e. legal tender can be spent anywhere. The coin is nice, but only 1/2 troy ounce silver with a mintage of 250,000. Me personally I prefer old crown coins etc, but everyone's different. Here is the Royal Mints explanation of legal tender:- http://www.royalmint.com/aboutus/po...r-guidelinesEdited by awallin01
04/02/2014 06:15 am
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Pillar of the Community
United Kingdom
837 Posts |
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Valued Member
United Kingdom
252 Posts |
And low and behold they have plans for another one coming out soon.
I thought they said it was a one - off ?
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Pillar of the Community
 United Kingdom
1687 Posts |
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Valued Member
United Kingdom
252 Posts |
Announced today that The Royal Mint intend on making 250,000 of the new WWI £20 coin. No news on design yet tho... and it will apparently be ready to ship in 2 1/2 months time. |
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Valued Member
United Kingdom
183 Posts |
I remember reading on the rm website that it would be
150k mintage.
HH
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Pillar of the Community
United Kingdom
548 Posts |
I hate that they're going with a First World War theme. It's already an overdone theme. We've got a commemorative £2 as it is. Couldn't we have had something different for the £20 issue?
I was never that hopeful, to be honest.
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New Member
United States
1 Posts |
By chance would anyone have one of these out of the packaging? I'm trying to obtain the thickness of this coin? Thanks a ton!
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New Member
United States
34 Posts |
I purchased one of the 20-pound coins from a dealer here in the USA. Lovely coin indeed. A nice addition to my British decimal collection. I was also under the impression that this was going to be a single issue, not to be duplicated. I assume the success of the program and the expansion of similar programs like those issued by the Royal Canadian Mint (Can$20 for Can$20 among other denominations) has inspired the British Royal Mint to do the same. The centennial of World War I would be an appropriate theme and I expect the series to continue on through 2018.  Edited by onecenter
05/17/2014 1:55 pm
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Valued Member
United Kingdom
183 Posts |
does anybody know if rm have to charge vat on these coins?
HH
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Pillar of the Community
United Kingdom
1351 Posts |
I paid £60 delivered for 3.
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Valued Member
United Kingdom
183 Posts |
what I meant was is it £16.66+vat?
as silver coins british legal tender, my lunar horse had
vat charged and I think britannia's would also have vat.
HH
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Pillar of the Community
United Kingdom
1351 Posts |
Well the RM must have absorbed the VAT.
Bear in mind there is only about £8 of silver I don't think they lose out.
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Valued Member
United Kingdom
68 Posts |
I also got £60 for £60 delivered, was worth a punt, they might 'do a Kew' one day!
There is actually only 15.71g of silver per coin (if we forgive them the .999), which by my calcs works out (at today's prices and exchange rates) at 19.09*15.71/31.1/1.67 = £5.77 per coin
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Replies: 49 / Views: 7,116 |
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Posted 04/02/2014 06:14 am
