I'll let you into a little secret :) - Page 2

K.S.H · 11-03-2009, 22:51

Posted via Mobile DeviceBritish twenty-five pence coin - Wikipedia, the free encyclopedia

Retlaw · 11-03-2009, 23:00

Quote:

Originally Posted by K.S.H

Get yer drift but don't think its that easy, take a look at this image and you will see there is no place for the date, so one with the date on and scrubbed off will have a big gap

The date is on the other side at each side of the crown.

Retlaw

Retlaw · 11-03-2009, 23:05

Quote:

Originally Posted by K.S.H

Well I never........
Never knew this.
1p coins are only legal tender for amounts up to 20p
2p coins are only legal tender for amounts up to 20p
5p coins are only legal tender for amounts up to £5
10p coins are only legal tender for amounts up to £5
20p coins are only legal tender for amounts up to £10
50p coins are only legal tender for amounts up to £10
You learn something new everyday

So if you own a business and require lots of small change, that means if you go in the bank and ask for a quids worth of 1p coins, the bank is breaking the law.
I've been in TSB many a time when market traders have come in for change.

Retlaw.

shillelagh · 11-03-2009, 23:08

Wasnt the coin for the queens silver jubilee worth 25p?

MargaretR · 11-03-2009, 23:19

1965 Coin of the Year
this is what I had

cashman · 11-03-2009, 23:58

Quote:

Originally Posted by Retlaw

So if you own a business and require lots of small change, that means if you go in the bank and ask for a quids worth of 1p coins, the bank is breaking the law.
I've been in TSB many a time when market traders have come in for change.

Retlaw.

Daft as it sounds i think traders have TO PAY to put coins IN the bank? sure one will come on n say if this is correct.

steeljack · 12-03-2009, 01:27

Quote:

Originally Posted by cashman

Daft as it sounds i think traders have TO PAY to put coins IN the bank? sure one will come on n say if this is correct.

Criminal (in my mind) Banks over here are now refusing to take large amounts of coins over the counter and installing coin machines for folks wanting to get rid of the 'whiskey tubes/bottles' of coins and raking in a percentage of the take, even if you have an account with them, used to be you only saw these machines in the supermarkets for use by street people

K.S.H · 12-03-2009, 05:29

Quote:

Originally Posted by Retlaw

The date is on the other side at each side of the crown.

Retlaw

on the new coins, the ones with part of the shield on the date is on the queens head side.

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jaysay · 12-03-2009, 10:50

Quote:

Originally Posted by cashman

Daft as it sounds i think traders have TO PAY to put coins IN the bank? sure one will come on n say if this is correct.

Don't know about putting coins in cashy but the banks used to charge for giving out change to people with business accounts

emamum · 12-03-2009, 10:53

Quote:

Originally Posted by Retlaw

So if you own a business and require lots of small change, that means if you go in the bank and ask for a quids worth of 1p coins, the bank is breaking the law.
I've been in TSB many a time when market traders have come in for change.

Retlaw.

if you try and pay in coppers then the shop doesnt have to accept it.

jaysay · 12-03-2009, 11:33

Its surprising just how much these type of things are worth. Being a very keep philatalist (well used to be don't bother much these days) stamps misprinted and without things like perforations are like gold dust and very saute after

emzy · 12-03-2009, 13:28

Quote:

Originally Posted by emamum

if you try and pay in coppers then the shop doesnt have to accept it.

The pound shop wont take coppers

emamum · 12-03-2009, 13:31

Quote:

Originally Posted by emzy

The pound shop wont take coppers

awwww, thats really sad

Studio25 · 12-03-2009, 14:09

Quote:

Originally Posted by emamum

if you try and pay in coppers then the shop doesnt have to accept it.

A shop doesn't have to accept cash at all! Likewise there is no legal obligation to give change.

Whether the shop would stay in business if it implemented either of these is another matter, though.

"Legal tender"is simply payment that satisfies a debt, if offered. As most shops hand over the goods when payment is received, then there is no debt. If you try to buy something for £20 using 1p coins, the shop can either accept it or not. If it won't accept it, you're not then entitled to walk out with the item, nor is any offence committed.

You can satisfy a debt in any way that is mutually acceptable: cash, cheque, credit card, cattle, sexual favours etc - but if an offer is made to settle a debt using legal tender (the coins and amounts specified earlier) and that offer is refused, the debt is still legally satisfied.

K.S.H · 12-03-2009, 14:35

Quote:

Originally Posted by emzy

The pound shop wont take coppers

in any amount? is that cause they don't need it for change

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