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Which banks take £5 coins?
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opinions4u wrote: »The link explains it all. The term doesn't require shops to accept anything.
It's all about payments in to court.
The Royal Mint definition is not as accurate, in my opinion, as that provided by the Bank of England (in answering a related question on their website).
It's not so much about "payments into court", but that the courts will deem a debt settled between contracted parties if it was paid in legal tender :
"Legal tender has a very narrow technical meaning in relation to the settlement of debt. If a debtor pays in legal tender the exact amount he owes under the terms of a contract, he has good defence in law if he is subsequently sued for non-payment of the debt."
http://www.bankofengland.co.uk/banknotes/Pages/about/faqs.aspx#160
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