£5 coins?

Flobberchops

eskbanker wrote: »

Do you actually know of any banks that have a declared policy of accepting them?

Not a declared policy, no, but in the multiple branches of the major high street bank that I've worked for in the last few years, in practice I've not heard of customers being turned away when depositing commemorative, demonetised, or Scots-Irish currency (in addition to damaged and defaced circulating currency). It's surely commonsense that most banks have the ability to remit money that isn't commonly in circulation; and additionally it makes more sense to entertain a reasonable request than to upset the customer?

Actually the only example I have of a deposit being refused was when a lady tried depositing a bag of ha'pennies (demonetised 1984!) a couple of years ago, and that was simply because the branch had no facilities to record or weigh the coins. Had I known then what I know now, I would have bought the lot off her at face value, and made a 10,000 to 20,000% mark-up selling them to date-run collectors on eBay!

eskbanker

Flobberchops wrote: »

Not a declared policy, no, but in the multiple branches of the major high street bank that I've worked for in the last few years, in practice I've not heard of customers being turned away when depositing commemorative, demonetised, or Scots-Irish currency (in addition to damaged and defaced circulating currency). It's surely commonsense that most banks have the ability to remit money that isn't commonly in circulation; and additionally it makes more sense to entertain a reasonable request than to upset the customer?

I was thinking about it more from the perspective of advising OP where they can go rather than the theory of whether or not it should be possible - it's not much consolation to them that an unnamed bank typically takes them or that you'd expect others to, if that contradicts their personal experience!

Bobblehat

Deleted_User wrote: »

Why do people even buy commemorative coins? Do they still believe thats they will be worths ££££ in the future?

Inherited a collection spanning 50+ years and they are worth nothing more than face value. All readily available from coin sellers and eBay.

I inherited mine from my late dad ..... who was probably one of those people who "believe thats they will be worths ££££ in the future"!

.....and the older 5/- crowns are readily available at car boot sales all over the country for next to nothing

Bobblehat

........ unless they are pre 1920 ...... Silver! Ah! Ha! Me Hearties!

realaledrinker

Digressing but at age 11 my 1966 World Cup overstamped "England Winners" stamps were to secure me for life. Couldn't get rid

Flobberchops

eskbanker wrote: »

I was thinking about it more from the perspective of advising OP where they can go rather than the theory of whether or not it should be possible - it's not much consolation to them that an unnamed bank typically takes them or that you'd expect others to, if that contradicts their personal experience!

Well, the entire motivation behind my post was to express surprise at the strictness of the banks policy as that contradicts my personal experience!

I believe the Post Office has an agreement to take commemoratives, if in payment if nothing else?