Where can I exchange Royal Mint coins?

jonesMUFCforever

Good luck with selling it on Ebay you need well over £100 per £100 to take into account the selling fees and secure postage.

Westie983

EarthBoy wrote: »

Clearly you don't really understand what legal tender means. Your solution is no solution at all because the post office don't have to accept any coins that they don't want to accept.

I have never had a problem sending customers to the post office although some cashiers do say they can only accept them for payment for goods or services,

I appreciate this may vary due to the cashiers at each post office but my comment still stands that if you are paying for goods and services you can pay with either coins or notes, including the £100 coin mentioned in the OP, and they cant refuse, they can refuse if you are paying into your account without buying goods or services maybe this is the point of confusion.

lippy1923

Sorry to sound thick, but could you pay for something like a new passport with the £100 coin at the post office then?

Stevie_Palimo

I'll give you £60- for it.

bxboards

Westie983 wrote: »

I appreciate this may vary due to the cashiers at each post office but my comment still stands that if you are paying for goods and services you can pay with either coins or notes, including the £100 coin mentioned in the OP, and they cant refuse, they can refuse if you are paying into your account without buying goods or services maybe this is the point of confusion.

Apparently the Post Office CAN refuse...'

The Royal Mint said: 'As per our previous response, businesses, banks and Post Offices are not obliged to accept the coins as they are not intended for commercial transactions – they are collectibles.
'There is an arrangement with some Post Offices to accept £5 crowns at their discretion in exchange for goods and services, but this arrangement does not extend to any other commemorative coins, including those in the face value range.'



http://www.dailymail.co.uk/money/saving/article-3395473/The-face-value-legal-tender-coins-t-cash-Royal-Mint-mis-leading-special-coin-buyers.html

COIAHLGW

Just be glad you don't have £29,300 of them

http://www.dailymail.co.uk/money/news/article-3390519/I-buy-Royal-Mint-commemorative-coins-bulk-credit-card-gain-airmiles-cash-bank-s-refusing-accept-them.html

[Deleted User]

COIAHLGW wrote: »

Just be glad you don't have £29,300 of them

http://www.dailymail.co.uk/money/news/article-3390519/I-buy-Royal-Mint-commemorative-coins-bulk-credit-card-gain-airmiles-cash-bank-s-refusing-accept-them.html

Brilliant!

System

I realise you don't want to accept the legalities of the situation.

Legal tender refers to payment of a pre-existing debt. This doesn't mean buying something as the Post Office can decline the transaction and therefore no debt exists.

In Scotland, any reasonable form of payment (of a debt) must be accepted but this doesn't extend to England & Wales. This is why legal tender isn't important to bank notes in Scotland.

Westie983 wrote: »

I appreciate this may vary due to the cashiers at each post office but my comment still stands that if you are paying for goods and services you can pay with either coins or notes, including the £100 coin mentioned in the OP, and they cant refuse, they can refuse if you are paying into your account without buying goods or services maybe this is the point of confusion

d70cw6

£64 for it and a voucher code to use at Lidl

243ack

Regardless of the strict legalities etc: I feel aggrieved that the Royal Mint should deceive customers in this way. When I've bought 'face value' coins, they've always previously been advertised as £100 for £100 etc. It is only recently they've started saying Legal Tender - not for circulation. I think this is a bit of a con, well in line with PPI etc.
I've approached MSE to take up the challenge - but they're not interested.