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 Replies: 49 / Views: 7,117 |
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Valued Member
Ireland
131 Posts |
Well looks like it's not going to be an annual issue but not a one off either ... "The Pistrucci-designed coin will be the first in a series of £20 denomination coins which will be issued periodically by The Royal Mint to celebrate significant events and figures from British culture in the coming years." As for the RM legal tender page perhaps they've just not updated it yet for this denomination (it is after all not yet released)? Norm |
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Pillar of the Community
United Kingdom
548 Posts |
I have no desire to spend a £20 coin, but I would like the option because if the coin cannot be used as currency it is effectively bullion.
And then we're talking about paying £20 for less than £10 worth of silver. I'm happy to buy the coin this once because it's a new issue with a design that I love, but I won't make it a regular thing if they bring it one every year.
Edited by Demarco Bishopp
09/10/2013 04:28 am
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Valued Member
United Kingdom
188 Posts |
Now a man has had a run-in with Tesco trying to pay with these coins: http://www.dailymail.co.uk/news/art...nt-cash.htmlHow is it that, if the article is correct, by law shops and banks don't have to accept payment by these coins but everyone else does?! How can something be worth £20 yet not be redeemable for that at a bank?! |
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Pillar of the Community
United Kingdom
837 Posts |
Interesting story , its amazing how the coins are legal tender yet can be refused by shops  On the other hand I am slightly puzzled at the fact that he wanted to used those lovely coins for petrol  Was he pulling a publicity stunt of some sort ? Surely he must have other money to use for petrol as opposed to trying to dispose those beauties  The best part was the sign they put on the pumps afterwards !  |
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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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Replies: 49 / Views: 7,117 |
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Posted 09/10/2013 04:24 am
