Posted 01/13/2016 01:05 am
Quote:
Don't know if NCLT is accepted in their country of origin in other parts of the World. My guess is that they WOULD, if they knew that the bullion value of them exceeds their face value.
Don't know if NCLT is accepted in their country of origin in other parts of the World. My guess is that they WOULD, if they knew that the bullion value of them exceeds their face value.
I thought in Austria NCLT would be accepted at banks. However with this UK case I am no longer sure; especially when I recall a recent money Laundering loop hole. In Austria they used to say the €5.00 coins were acceptable for trade and even encouraged people to use them( which didn't happen). However a few years back the €1.50 Silver Philharmoniker was used in money laundering. the technique was to buy the 1 oz silver coins in amounts just short of the €10,000 ( in face value) declaration limit. Then ship them to another Euro zone country where they would be sold for their bullion value. Could it now be the case that NCLT around the world should have the "LT" removed?
