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 Replies: 49 / Views: 7,113 |
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Valued Member
Ireland
131 Posts |
Well, if it is a one year only issuance all the better. If a quarter million are sold I agree it won't be rare but tbh that matters not one iota to me as I love Pistrucci's design and collect what appeals to me irrespective of whether it's rare or not.
Norm
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Pillar of the Community
United Kingdom
548 Posts |
Let me play devil's advocate here:
Given this is .999 silver does it really qualify as a coin? Isn't it bullion?
Or does the fact that the face value exceeds the bullion value make it a coin instead of bullion?
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Pillar of the Community
United Kingdom
1351 Posts |
OK I have buckled and ordered 3 with the idea of putting 2 on ebay to cover the £60. |
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Pillar of the Community
United Kingdom
1351 Posts |
OK I have buckled and ordered 3 with the idea of putting 2 on ebay to cover the £60. |
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Pillar of the Community
Canada
4944 Posts |
If this is a £20 for £20 why does the price for me show as £16.67?
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Pillar of the Community
 United Kingdom
1687 Posts |
If you take £16.67 and add 20% VAT (tax) which is £3.33, you get £20.00.
Since you are not in the UK, you will not be charged VAT.
Ken
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Pillar of the Community
United Kingdom
1687 Posts |
Quote:
Given this is .999 silver does it really qualify as a coin? Isn't it bullion?
Or does the fact that the face value exceeds the bullion value make it a coin instead of bullion? Good questions. I would say it a coin with silver content as opposed to a bullion coin made to sell at just over melt value. Ken |
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Pillar of the Community
Canada
4944 Posts |
Quote:
If you take £16.67 and add 20% VAT (tax) which is £3.33, you get £20.00.
Since you are not in the UK, you will not be charged VAT.
Ken That makes more sense. Thanks Ken. |
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New Member
Canada
23 Posts |
Peter (or anyone who puts some on ebay) I would be more than happy to purchase a few of these. If you would be so kind to send me an email when you post on ebay that would be great! Or even email me your ebay names so I can watch for these (and buy other coins yay) that works as well. Thanks David |
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Pillar of the Community
United Kingdom
548 Posts |
I've heard that banks and post offices will not accept these coins as legal tender. What does everyone think of that? It effectively makes this coin the equivalent of the 1oz Britannia series which have nominal values of £100 but are not legal tender.
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Pillar of the Community
United Kingdom
856 Posts |
Quote:
I've heard that banks and post offices will not accept these coins as legal tender. What does everyone think of that? It effectively makes this coin the equivalent of the 1oz Britannia series which have nominal values of £100 but are not legal tender. The definition of 'legal tender' is an odd one. Strictly it means that since these coins are legal tender they can be used to settle a debt. So if you eat a meal in a restaurant and they refuse such a coin as payment when you offer it they are breaking the law. In theory, since it has never been de-monetised, you could pay part of your bill with a sovereign. But as the face value of one is £1 you'd be very foolish to try! However where no debt exists, a retailer cannot be forced to to sell something. So if you want to buy a newspaper and the shop doesn't want your payment you can't force them to deal. That's how they can (legally) refuse £20 and £50 notes. Banks, well, I'd imagine The Royal Mint would expect them to accept legal coinage. Certainly the Bank of England will, though the journey might be a problem! Not that I expect many of these coins to be spent, or redeemed! Edited by Tom Goodheart
09/08/2013 4:36 pm
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Pillar of the Community
Canada
2805 Posts |
In Canada, I know it's legal to refuse payment when no debt exists, but in America, you must accept any legal tender.
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Pillar of the Community
United Kingdom
548 Posts |
I am a little confused about the legal tender status. The information about the £20 coin says it is "legal tender" but according to The Royal Mint website coins are legal tender throughout the United Kingdom only for the following amount: £5 (Crown) - for any amount £2 - for any amount £1 - for any amount 50p - for any amount not exceeding £10 25p (Crown) - for any amount not exceeding £10 20p - for any amount not exceeding £10 10p - for any amount not exceeding £5 5p - for any amount not exceeding £5 2p - for any amount not exceeding 20p 1p - for any amount not exceeding 20p All those coins are recognised as legal tender by law. The £20 is not listed. |
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Pillar of the Community
United Kingdom
4208 Posts |
Well, ill try spending one and see what happens. I bought them as £20 notes, I dont expect to make a profit.
All maundy money is legal tender and as the old silver 3p is the same design, that is also still legal tender. So you could pay for your 20p Freddo (werent those 10p a couple of years ago?) with 5 silver 3ps, 1 silver groat and a silver penny, all 200 years old.
If they refuse them, then quickly ram the freddo in and suddenly, abracadabra, you've created a debt.
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Pillar of the Community
United Kingdom
856 Posts |
LOL I'm a generous chap Ben. I'll happily sell you a half a dozen Freddos for 5 silver 3ps, 1 silver groat and a silver penny if you like! And I won't even make you eat them all first! (The Freddos, not the coins of course!)  Edited by Tom Goodheart
09/09/2013 12:46 pm
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Replies: 49 / Views: 7,113 |
First Page
Posted 09/06/2013 11:37 am
