1977 Queen Elizabeth II 1977 Silver Jubilee Cowns

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Author	Replies: 5 / Views: 4,869
jay900 New Member United Kingdom 7 Posts	Posted 07/21/2014 04:29 am Hi, I have 600 Queen Elizabeth II 1977 Silver Jubilee Commemorative Crowns (cupro nickel). They have been kept in a couple of bags, so there are light scratches and discoloration on some. I have tried selling them individually and in lots of 100 on ebay, without much luck. Any ideas how to off load them. I have read that the banks (UK) must accept them as legal tender, but they if they agreed to change them, it would be only be at face value 25 pence per coin). Does cupro nickel have any scrap value? Thanks for any input. Report this Post to the Staff

sel_69l Bedrock of the Community Australia 21786 Posts	Posted 07/21/2014 08:15 am Lobel's in London may take them if they all in uncirculated condition, but I will bet you 'London to a brick on' that they will only offer you a pittance for them. Nevertheless it would probably the most likely way to dispose of them in one sale, with the least amount of effort from yourself. I certainly would not know to do with 600 of them, so I guess it will require a commercial interest to buy them. --------------------------------------------------------------------------------------------------------------------------------------- Reminds me of the Monty Python sketch of a certain Mr. Simpson, who had 122,000 miles of string to sell. Only one problem: it was all in three inch lengths! Edited by sel_69l 07/21/2014 6:07 pm Report this Post to the Staff
Sap Moderator Australia 16826 Posts	Posted 07/21/2014 09:40 am They do not sell for very much; dealers only get one or two pounds for them, if they're lucky. And only a dealer would be interested in buying a bulk lot, so they're not going to want to pay much above face for them. Yes, they are worth more than face value as scrap metal, if you could find a buyer. However, they are still considered "current" legal tender coins; it is against the law to destroy current British coinage in Britain. So scrap metal merchants in Britain will be reluctant to take them. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
HawkHybrid Valued Member United Kingdom 183 Posts	Posted 07/21/2014 09:55 am melt value is ~12p per coin or have I mis-calculated? HH Report this Post to the Staff
jay900 New Member United Kingdom 7 Posts	Posted 07/21/2014 4:03 pm Thanks for all the answers. Report this Post to the Staff
jay900 New Member United Kingdom 7 Posts	Posted 07/29/2014 07:37 am Hi, Just out of interest, I asked The Royal Mint about the rules on exchanging 'legal tender'. They replied - Unfortunately nobody is obliged to exchange these coins for you. Each new coin issue is authorised by Royal Proclamation, as required by the Coinage Act 1971 and this gives them legal tender status. Contrary to popular belief 'legal tender' strictly speaking applies in relation to notes and coins paid in the settlement of debts in court. In any ordinary transaction both parties are free to agree to accept - or decline- any form of payment whether legal tender or otherwise according to their wishes. Report this Post to the Staff
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