Collectors - £100 coin for £100 free postage

Colin_Hunt

Dear Colin
I am delighted to inform you that your recent order for Big Ben 2015 UK £100 Fine Silver Coin has been successful. As you are aware this is Britain's first £100 face value coin and with a limited edition of only 50,000 you will be one of the very few to own one of these coins.
Due to overwhelming demand we are not be able to despatch your order as quickly as we would normally expect. Please accept my sincere apologies for this issue, I can however advise that we aim to deliver all orders by mid-February.
Coins struck by The Royal Mint are renowned globally for being the pinnacle of the minter's art; this is due to the extreme care and precision of our experienced craftsmen and production processes.
If you have any concerns in reference to your delivery please call our Customer Services team on 0345 60 88 300. Lines open 9am - 5pm Monday-Thursday, 9am - 4pm Friday.
Kind regards,
Allyson Bowden
Customer Services Manager


Strange, they offer to sell 50,000, sell 50,000 (I assume) but cant deliver.

john_st

Could someone please explain this to me ("like I'm a 2-year-old" - Philadelphia)

1.) I have a £100 coin which is commemorative, but legal tender nevertheless.
2.) I buy a £100 worth of goods with my credit card.

Can my debt to the bank (or credit card company) be settled by me giving them this £100 coin?

Doc_N

john_st wrote: »

Could someone please explain this to me ("like I'm a 2-year-old" - Philadelphia)

1.) I have a £100 coin which is commemorative, but legal tender nevertheless.
2.) I buy a £100 worth of goods with my credit card.

Can my debt to the bank (or credit card company) be settled by me giving them this £100 coin?

Your best bet is to try it. Some banks, I gather, will accept them at a £100 value, but they're not obliged to. 'Legal Tender' has a very specific, restrictive meaning - not at all what most people think it means.

john_st

I've read that some banks refuse the coins when you want to simply deposit them in your savings/current account, but I thought that I might be able to "force" a bank to take it since I'd be settling my debt - which, as I understand it, legal tender is for.

Doc_N

john_st wrote: »

I've read that some banks refuse the coins when you want to simply deposit them in your savings/current account, but I thought that I'd be able to "force" a bank to take it since I might be settling my debt - which, as I understand it, legal tender is for.

I suspect you may well be right on this, even though the references I've seen are to payments into court in respect of a debt.

An excellent plan, and well worth a go, though - highly likely that you'll succeed. Do let us know the outcome.