Where can I exchange Royal Mint coins?

noh

glentoran99 wrote: »

yes and the only one it says they can refuse are £5 crowns

When you read it you must see something different to me.

planteria

TheNewGuy, please take your £100 coin to the nearest Post Office to deposit it, and let us know how you get on.:grouphug:

sheramber

according to this article dated August 2014

But no. Lloyds among other banks won't accept them. A spokesman said branch staff should tell customers who want to deposit the coins to go to their local Post Office.

Mr Owers eventually had the same answer from the Royal Mint.

Anyone looking to cash in their coins should try alternative banks. HSBC, The Co-op and Santander told The Telegraph that staff would accept commemorative coins – including the £5, £20, £500 and £1,000 coins – at face value.
............................
Mr Cohen said: “Banks are suspicious of these coins, because in the past people passed similar-looking coins to bank staff who cashed them in, only to find out later on that their books didn’t balance."

Meanwhile in high street shops the coins tend to confuse staff unfamiliar with the currency. Officially, major stores say they will accept the coins, with John Lewis stating that staff are trained to recognise the currency and Tesco saying that - while they rarely see commemorative coins - staff should accept them.


http://www.telegraph.co.uk/finance/personalfinance/11001196/Bank-sold-us-5-coins-that-arent-worth-a-penny.html

glentoran99

EarthBoy wrote: »

It doesn't say that at all. In fact, it says that post offices will accept the £5 crowns:

"Alternatively, crowns can be exchanged for goods or services at Main Post Office branches throughout the UK. For further assistance please contact the Post Office Helpdesk on 08457 223344."

However, please note that whilst the coins are legal tender, banks are not obliged to accept the coins

We are talking about banks

glentoran99

noh wrote: »

When you read it you must see something different to me.

there ya go

A note on £5 (crown):
However, please note that whilst the coins are legal tender, banks are not obliged to accept the coins

Man_on_fire

As the coins are legal tender, if you deliberately went into an overdraft for the amount you wish to cash in, then in theory they have to accept them as payment?

noh

Man_on_fire wrote: »

As the coins are legal tender, if you deliberately went into an overdraft for the amount you wish to cash in, then in theory they have to accept them as payment?

No................

EarthBoy

glentoran99, you said:

glentoran99 wrote: »

yes and the only one it says they can refuse are £5 crowns

None of the references, or your quotes, say that banks, or the post office, have to accept all coins except the £5 crowns. They could accept them if they chose to, but they don't have to.

glentoran99

noh wrote: »

No................

Explain why not?

glentoran99

EarthBoy wrote: »

glentoran99, you said:



None of the references, or your quotes, say that banks, or the post office, have to accept all coins except the £5 crowns. They could accept them if they chose to, but they don't have to.

So ill go back to the first question, on what basis can the refuse to accept legal tender as settlement of a debt?