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Victorian Coinage 2023 Legal Tender

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United States
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 Posted 05/22/2023  4:16 pm Show Profile   Bookmark this topic Add Nycstlrr to your friends list Get a Link to this Message Number of Subscribers
Don't know how many follow Dr Felton's WW2 channels on youtube. He posted this one today.
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Sap's Avatar
Australia
16809 Posts
 Posted 05/23/2023  12:03 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Britain has never demonetized its post-1820 predecimal coinage; they are all (theoretically) still exchangeable a the conversion rates established back in 1970. You can, in theory, go down to the Bank of England and give them 20 shillings, and they'll give you a 1 pound coin.

However, they are no longer "legal tender" - in the sense that you can compel someone to accept them in payment for a debt. You'd be a fool to do so anyway, since all predecimal coins contain more than their face value in scrap metal, not to mention their numismatic value. The legal tender status of predecimal coins was removed in 1990, once the decimal coins were decoupled from their predecimal equivalents in terms of size and weight.
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Canada
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 Posted 05/23/2023  01:32 am  Show Profile   Bookmark this reply Add cdngmt to your friends list Get a Link to this Reply
SAP
I have mentioned this before but Canada follows a number of British rules (sort of natural isn't that) and the Bank of Canada somewhat forcefully insists that no vendor is legally obliged to accept nor can they be 'compelled' to accept any type of legal tender; so the same might be true in the UK
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Australia
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 Posted 05/23/2023  03:01 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Correct; "legal tender" doesn't mean what some people seem to think it means. It doesn't mean that a shopkeeper is forced to accept it in payment under any and every circumstance. It is applicable only in a limited number of circumstances, surrounding payment of a debt. Regular shopping doesn't incur a debt, since the goods are not transferred prior to your payment; the merchant is freely able to postulate restrictions on the type of money they are prepared to accept, and there's nothing you the customer can do about it, since you haven't purchased anything from them yet.

A debt would be incurred if, for example, you go to one of those restaurants where you're given a bill at the end of the meal, rather than pay up-front for the food. In this case, you've already received your goods; it's way too late to give the food back. Other debts would be tax debts or other bills for services.
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
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 Posted 05/23/2023  03:08 am  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
As far as I know, the double-florin and crown have never had their legal tender status removed, so could theoretically be spent as 20p and 25p. Florins were officially withdrawn in 1993 and shillings at the end of 1990, but some banks may still change them. There is a strange status regarding Maundy Money. From February 15, 1971, all Maundy coins from 1816 onwards have been considered as denominated in New Pence. This means that silver currency threepences dated before 1927 (with the crowned '3' on the reverse, which cannot be distinguished from Maundy coins in worn condition) were made legal tender again, and for 2.4 times their original face value. I remember a collector friend successfully spending some worn George V threepences in 1971 - a 50% silver threepence then would have been worth barely its new face value in silver content!
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