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Coins Just Ain't Wurf Anyfing.... (â£5 Coins Etc)

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augsburger's Avatar
Germany
1064 Posts
 Posted 08/05/2014  02:05 am Show Profile   Bookmark this topic Add augsburger to your friends list Get a Link to this Message Number of Subscribers
https://uk.yahoo.com/finance/news/b...5456975.html

An article about people buying £5 coins for £10 and realising they can't spend them... I guess it's a good article to earn people that coins just don't always increase in value.
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zxcccxz's Avatar
Canada
5417 Posts
 Posted 08/05/2014  02:30 am  Show Profile   Bookmark this reply Add zxcccxz to your friends list Get a Link to this Reply
Same with the Canadian $20-for-$20's, $50-for-$50's, $100-for-$100's and $200-for-$200's.
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NumisRob's Avatar
United Kingdom
17953 Posts
 Posted 08/05/2014  02:37 am  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
Interesting - I don't think all the issue prices are quite right - the Churchill crown was sold at face value (5 shillings or 25p) and the cupro-nickel Queen Mother £5 coin was available at face value - the £9.95 version was a specimen one sold in a pack.

I bank at the HSBC and have occasionally deposited commemorative £5 coins in my account, with no trouble.

I agree about the more recent coins being a rip-off. The seignorage on a £5 coin must make it profitable for the mint to sell them at face value - but recent ones have only been available at a premium.
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Arkie's Avatar
United States
2637 Posts
 Posted 08/05/2014  08:01 am  Show Profile   Bookmark this reply Add Arkie to your friends list Get a Link to this Reply
Daughter traveled to Northern Ireland with her college this spring. Sent her with over 100 pounds from the 6/$1 junk box -- mostly 1 and 2 pound coins, with some 50 and 20 pence coins that she was able to trade for currency while there. I did purchase a 5 pound commemorative out of the box -- she bought a scarf for 4 pounds at a fair in Belfast, and got a pound back in change. Not bad for 17 cents.
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augsburger's Avatar
Germany
1064 Posts
 Posted 08/05/2014  09:36 am  Show Profile   Bookmark this reply Add augsburger to your friends list Get a Link to this Reply
You have £1 and £2 in the 6 for a dollar box?
I've bought coins for below their price a few times, was offered a pound coin in zimbabwe for $1 but gave more than $1 because I don't like making loads of profit out of poor people who struggle to make a living.
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Arkie's Avatar
United States
2637 Posts
 Posted 08/05/2014  10:48 pm  Show Profile   Bookmark this reply Add Arkie to your friends list Get a Link to this Reply
The local coin store buys them for 5 cents each, sell them for 6 (now 5) for a dollar. The problem is, no one accepts the coins in the US for exchange. But, if someone you know goes overseas, then it can be a bargain, if you are patient.
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TrickyxMick's Avatar
United States
228 Posts
 Posted 08/05/2014  11:31 pm  Show Profile   Bookmark this reply Add TrickyxMick to your friends list Get a Link to this Reply
I have a whole load of Iraqi currency that I gathered from a couple of extended stays to the area. I'm hoping they are worth something one day?!
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zxcccxz's Avatar
Canada
5417 Posts
 Posted 08/05/2014  11:48 pm  Show Profile   Bookmark this reply Add zxcccxz to your friends list Get a Link to this Reply
I have about $35 of Australian Dollars ($0.50, $1 and $2) that I got from the 5/$1 Bin at my Local Coin Dealer, I'll probably be going there for Vacation sometime in the next 2 years so I can put them to good use.
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Arkie's Avatar
United States
2637 Posts
 Posted 08/06/2014  08:51 am  Show Profile   Bookmark this reply Add Arkie to your friends list Get a Link to this Reply
I have about $100 Australian, and $200 Canadian.
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