Collectors - £100 coin for £100 free postage

Colin_Hunt

Ordered ten on my 1% cashback credit card. So I'm a tenner up already.
If they go to a premium, I "might" let a few go, the site was very busy.

planteria

the lie, le loup, is the idea that the coalition ever had a hope of getting on top of the debt spiral in 1 term. in 20 years, George Osborne would have a chance;) i don't envisage more necessary prudence from Ed Balls anyway:whistle:

well stoozed Colin. i think if i bought a couple i'd probably keep them though, and not cash them in...too sentimental;)

marvin

planteria wrote: »

the lie, le loup, is the idea that the coalition ever had a hope of getting on top of the debt spiral in 1 term. in 20 years, George Osborne would have a chance;) i don't envisage more necessary prudence from Ed Balls anyway:whistle:

well stoozed Colin. i think if i bought a couple i'd probably keep them though, and not cash them in...too sentimental;)

I buy the non-premium priced "precious metal" coins as a bit of a hedge against society breaking down (which given the way this dreadful lot are going it might) when a bit of silver in hand may be useful

It is something to hand on isn't it not a serious investment, although as the fist £20 ones are up for sale at £50 on Amazon who knows. I also have the advantage to be able to export them to Russia where...because of sanctions in both directions they can't buy them currently,.. they may be sold at a premium, one of the benefits of relatives in Russia.

Some take this all too seriously chill....

edinburgher

I also have the advantage to be able to export them to Russia where...because of sanctions in both directions they can't buy them currently,.. they may be sold at a premium, one of the benefits of relatives in Russia.

I can't believe you're supporting the Putin regime by avoiding trade sanctions!

Joke

ColdIron

Anyone remember the 1965 commemorative Churchill Crown distributed after his death? People bought them as an investment. Nearly 50 years later they are fetching 0.60p to 0.99p on eBay

£20 of silver for £100 and hoping for appreciation? One to skip methinks unless you are into numismatics. You'd be better off with half a sovereign

planteria

marvin wrote: »

...although as the fist £20 ones are up for sale at £50 on Amazon who knows.

i have 5 of them..and just seen them on Amazon, but i'm not sure how quickly they are selling at that:lovethoug

Doc_N

planteria wrote: »

i have 5 of them..and just seen them on Amazon, but i'm not sure how quickly they are selling at that:lovethoug

Not very quickly, if at all, I'd guess - simply because they sell on eBay for somewhere around the £20 (face value) mark. Some recent sales have actually been for less than £20!

planteria

there you go then...

like Colin, i looked at Royal Mint from a cashback stooze perspective. but then decided to keep the coins. strictly speaking it's a small one-way bet if you cash them straight in..but seems a shame to do so.

i was tempted to buy a 2Tone gold £2 coin, as it seemed very unusual to me. they all sold out, and there has been nothing similar since (without checking again). i kind of wonder if they would have been a good investment long term, as a collectible.

frank777

Have you tried taking your Legal Tender coin into any Bank, I think you will find it's not legal tender as we know it. Or maybe the Bank of England if you live in London and see what they say. If you find yourself in court and need to pay a debt, no problem.

Royal Mint - Small Print
However, while it is indeed legal tender, it has not been designed to be used as a circulating coin. This means that while you would be OK to use it in the settlement of a debt in court, for instance, your local shop or bank probably won’t accept it in trade for goods, as the mechanics and systems are not in place to enable that. The highest denomination coin in general circulation today remains the £2 coin, first introduced in 1998

marvin

frank777 wrote: »

Have you tried taking your Legal Tender coin into any Bank, I think you will find it's not legal tender as we know it. Or maybe the Bank of England if you live in London and see what they say. If you find yourself in court and need to pay a debt, no problem.

Royal Mint - Small Print
However, while it is indeed legal tender, it has not been designed to be used as a circulating coin. This means that while you would be OK to use it in the settlement of a debt in court, for instance, your local shop or bank probably won’t accept it in trade for goods, as the mechanics and systems are not in place to enable that. The highest denomination coin in general circulation today remains the £2 coin, first introduced in 1998

The Post Office is the place you should go not a bank, however when questioned many big stores said although not something they often see their staff should accept them. (Commemorative coins)