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This is not a racing topic but it is connected to a "gamble" on which you probably cannot win and which is happening now . Recently the Royal Mint issued the first ever £100 solid silver coin called the Big Ben which contains 2 ounces of pure silver . The price from the Mint was obviously £100 each . They have only minted 50,000 of them and they are now all sold out . However there is a big potential problem when you have bought them . They are almost impossible to spend and you virtually cannot get your £100 back on each coin !. The silver content of each coin is £22 at todays silver price . As far as I can see thats all the coin is worth .After much emailing I actually got an official reply from the Royal Mint concerning the coins actual value and what you can and cannot do with it . For starters the paperwork with each coin says it is Legal Tender . But what does that actually mean ? The answer is VERY LITTLE ! The coin cannot be paid into any Bank or Building Society account . It is not a coin for circulation. It cannot be used in a Post Office or any shop in exchange for goods. The only time it can be used is in the settlement of debt and paid directly into Court . Providing the Court agrees . So in effect its only worth its silver content or if you can persuade someone to buy it at face value .
This "selling" situation is happening right now on ebay . Just Google £100 BIG BEN silver coin and loads of listings appear ! They are being sold on ebay for a minimum of £150 and some ebayers are asking hundreds of pounds for each coin ! Yet they basically cannot be used for anything . Just sold as a limited edition collectable coin - but no coin Dealers will touch them with a bargepole !Coin Dealers will only offer the current scrap value viz £22.
SO TO ANYONE READING THIS MY ADVICE IS SIMPLE - GET THEM LISTED ON EBAY NOW AND TAKE A PROFIT BEFORE THE BUBBLE BURSTS . When folkj realize they cant spend the coin or get their £100 back then the current market price for them will collapse !
This has happened recently with the official Royal Mint £20 SILVER coin . You try and sell one . Its only really worth its scrap value of about £5
This is good advice -so please pass it round to anyone who has bought them
PS . I bought 10 for £1,000 two weeks ago and sold them on ebay a week ago for £1600 on BUY IT NOW less charges . I have been lucky so am passing the information on so others can do the same !
This "selling" situation is happening right now on ebay . Just Google £100 BIG BEN silver coin and loads of listings appear ! They are being sold on ebay for a minimum of £150 and some ebayers are asking hundreds of pounds for each coin ! Yet they basically cannot be used for anything . Just sold as a limited edition collectable coin - but no coin Dealers will touch them with a bargepole !Coin Dealers will only offer the current scrap value viz £22.
SO TO ANYONE READING THIS MY ADVICE IS SIMPLE - GET THEM LISTED ON EBAY NOW AND TAKE A PROFIT BEFORE THE BUBBLE BURSTS . When folkj realize they cant spend the coin or get their £100 back then the current market price for them will collapse !
This has happened recently with the official Royal Mint £20 SILVER coin . You try and sell one . Its only really worth its scrap value of about £5
This is good advice -so please pass it round to anyone who has bought them
PS . I bought 10 for £1,000 two weeks ago and sold them on ebay a week ago for £1600 on BUY IT NOW less charges . I have been lucky so am passing the information on so others can do the same !
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I have got a couple of hundred pre 47 florins for littleun was buying them to refine but seems a waste as many are in decent condition
Has this become a forum for perverts...
Caroline Quentin...
I would rather give Paul Merton one....
Caroline Quentin...
I would rather give Paul Merton one....
its not her on them some are victoria others george.
was planning to pop them in acid and get .999 but dont feel happy with acid around the place.
was planning to pop them in acid and get .999 but dont feel happy with acid around the place.
brilliant home for tea i think you would put them both off as you seem an imbecile
Well you would be in the best position to judge that...
yes I would as many others are.
Now pop along somewhere else.
Now pop along somewhere else.
I am currently posting on a few different forums but seem strangely drawn to your posts...
Homefortea - you have made several contributions to this thread - Hardly any of them relevant to the subject matter. The only contribution vaguely related was to offer an inaccurate and misleading view of the term and nature of "legal tender" Jolly well done.
Tony good luck with your golf bet as you have nothing else going for you...
Tora tora tora...
Tora tora tora...
just got over 400gr of scrap silver for £80
Can trade it in at jewllers for £130 lol people on ebay are crazy
Can trade it in at jewllers for £130 lol people on ebay are crazy
This is a very interesting thread.
There is an undated 20p coin on ebay, the bids are up to £55!
I'm going to check all my 20p coins
There is an undated 20p coin on ebay, the bids are up to £55!
I'm going to check all my 20p coins
yes and look out for the kew 50p too diva
Makybe Diva - Loads of them sell regularly for about £50 on Ebay. Serious investment bargain
- no silver content, no market and roughly 250,000 in circulation.
- no silver content, no market and roughly 250,000 in circulation.
Apart from Homme's interventions, one of the most interesting thread's in ages... well done D D !
Yes cheers dd I'll be getting shot of the £20 coins
Thanks MT. I've got lots of 50p coins. I'll check them tomorrow. I'm upstairs now.
Yes, Blackbarn, there are quite few undated 20p coins with high bids on them at the moment.
Mr Makybe says he has heaps of 20p coins. I will look at them tomorrow.
No luck with the ones in my purse
Yes, Blackbarn, there are quite few undated 20p coins with high bids on them at the moment.
Mr Makybe says he has heaps of 20p coins. I will look at them tomorrow.
No luck with the ones in my purse
I usually leave the 20p and 50p coins with those that work behind the bar..
Cheers I will now take my change and check it out..
May even get myself a little silver smelting kit off ebay..
Cheers I will now take my change and check it out..
May even get myself a little silver smelting kit off ebay..
What silver will you smelt?
The scrap sold on ebay is either over priced or stupidly under priced.
The scrap sold on ebay is either over priced or stupidly under priced.
Just following you fella..
I am not scared of using acid...
I am not scared of using acid...
^ we know... your venomous prose gives the game away ! 
Well if there are no kids about you be fine with it.
Easy to refine it.
Easy to refine it.
Be sensitive to homefortea..... he struggles with simple english
2013 silver £20 250,000 sold
2014 silver £20 coin, max issue was 250,000, but i dont think they all sold so less around
2015 silver £20 issue limited to 200,000 and feature mr churchill
dunno what the problem with legal tender is, ...
2013 coins going for around £28
2014 ryder cup 5 ers sell for £15 and are not legal tender anywhere
2014 silver £20 coin, max issue was 250,000, but i dont think they all sold so less around
2015 silver £20 issue limited to 200,000 and feature mr churchill
dunno what the problem with legal tender is, ...
2013 coins going for around £28
2014 ryder cup 5 ers sell for £15 and are not legal tender anywhere
I can see some collectibility in the 2013 ones as they were the first issued so might keep a couple.
The coin that made me laugh was the tiny gold one 1/40 of an ounce and was £50 I think.
The coin that made me laugh was the tiny gold one 1/40 of an ounce and was £50 I think.
http://www.dailymail.co.uk/news/article-2594273/Tesco-staff-banned-customer-...
http://www.chards.co.uk/news/twenty-pounds-worth-twenty-pounds/
chards dont like it as it hits their trade in people buying silver
if royal mint produce nice £20 coins in 2016,17,18 then they may become collectible
one for the future too....
Clydesdale Bank intends to issue two million 5-pound polymer notes featuring the Forth Bridge and a portrait of Sir William Arrol, whose company constructed the bridge. The notes will be issued in March 2015 on the 125th anniversary of the bridge.
the early editions (low numbers)sure to be sought after
if royal mint produce nice £20 coins in 2016,17,18 then they may become collectible
one for the future too....
Clydesdale Bank intends to issue two million 5-pound polymer notes featuring the Forth Bridge and a portrait of Sir William Arrol, whose company constructed the bridge. The notes will be issued in March 2015 on the 125th anniversary of the bridge.
the early editions (low numbers)sure to be sought after
Donny - Whatever the motivation of Chard's article, it is difficult to argue with the facts as they are stated. Mind you, you are correct that they would love customers who'll pay £20 for £7 worth of silver.
i understand that blackbarn
but you can buy a piece of paper for £20
the paper content of which costs less than 1p
it is worth £20 because it says so on the tin
how many jack nicklaus fivers ever got spent ?
banks and mints make these coins/ notes all the time
as a means of making money, whilst some lose value
some will gain. and face value is only eroded by inflation
some bullion coins are sold at as little as 5% over
their "worth" , a 1oz britannia has a nominal value of
£2 for legal tender purposes, but you cannot buy them
for that
there is no disputing if you melt down your £20
coin it will lose 2/3 of its value
but you can buy a piece of paper for £20
the paper content of which costs less than 1p
it is worth £20 because it says so on the tin
how many jack nicklaus fivers ever got spent ?
banks and mints make these coins/ notes all the time
as a means of making money, whilst some lose value
some will gain. and face value is only eroded by inflation
some bullion coins are sold at as little as 5% over
their "worth" , a 1oz britannia has a nominal value of
£2 for legal tender purposes, but you cannot buy them
for that
there is no disputing if you melt down your £20
coin it will lose 2/3 of its value
You've virtually summed up my view in your bullion para - In almost every collectible segment, "limited editions" are, or turn out to be, very poor value.
Bullion coins, with a very low mark up over intrinsic value, nearly always turn out to be better investments, particularly those with inherent and long standing desirability, such as Sovereigns, Krugers and Britannias.
Anyhow each to their own
Bullion coins, with a very low mark up over intrinsic value, nearly always turn out to be better investments, particularly those with inherent and long standing desirability, such as Sovereigns, Krugers and Britannias.
Anyhow each to their own
Thanks to all those who replied to my thread
What I want to know is this -
HAS ANYONE ELSE ON HERE BOUGHT THE £100 COIN DIRECT FROM THE ROYAL MINT AND SINCE SOLD IT ON EBAY FOR A GOOD PROFIT LIKE I DID ?
When will the bubble burst on these so called £100 COINS ?
THE ADVICE IS SIMPLE --- GET RID NOW !!!!
What I want to know is this -
HAS ANYONE ELSE ON HERE BOUGHT THE £100 COIN DIRECT FROM THE ROYAL MINT AND SINCE SOLD IT ON EBAY FOR A GOOD PROFIT LIKE I DID ?
When will the bubble burst on these so called £100 COINS ?
THE ADVICE IS SIMPLE --- GET RID NOW !!!!
I missed out on it as sold so fast.
Could of made an easy £60.
Going to keep the first issue £20 but sell off the 2014 ones.
Could of made an easy £60.
Going to keep the first issue £20 but sell off the 2014 ones.
Eb@y
2015 UK ROYAL MINT FIFTY PENCE 50p - Battle of Britain 75th Anniversary BUNC
He sold a few for £14 each,
2009 50p COIN Olympic Games Blue Peter Royal Mint Pack
He sold a few of these ONE coin packs for £12.50 each,
Plenty of £2 coins Selling for £5-20
Madness!!.
2015 UK ROYAL MINT FIFTY PENCE 50p - Battle of Britain 75th Anniversary BUNC
He sold a few for £14 each,
2009 50p COIN Olympic Games Blue Peter Royal Mint Pack
He sold a few of these ONE coin packs for £12.50 each,
Plenty of £2 coins Selling for £5-20
Madness!!.
Even now ,with all the information available ,punters are buying this £100 coin at ridiculous prices on ebay . Average selling price at the moment on the ebay site is c £160 . The coins real value £22
What is going on ?
What is going on ?
they want it as sold as first issue £100 coin.
Im in two minds over the first issue £20 will they be worth anything as first issued, who will no.
Im in two minds over the first issue £20 will they be worth anything as first issued, who will no.
Any opinions on first issue dik???
Money Tree- I have a friend who is a coin dealer . When anyone brings in the silver £20 coin he just offers them its scrap value which is about £5 . That is all they are worth !
The same with the £100 coin . When the frenzy dies down and folk try to sell them they will soon realize the actual value is only just over £20 in real terms . On ebay now , the price of the £100 coin has dropped on average from £160/£170 to £140 . It will keep on dropping !
The same with the £100 coin . When the frenzy dies down and folk try to sell them they will soon realize the actual value is only just over £20 in real terms . On ebay now , the price of the £100 coin has dropped on average from £160/£170 to £140 . It will keep on dropping !
So the people who collect the first issues have them now.
Will keep one for maple as part of her collection.
Will keep one for maple as part of her collection.
£100 coin is worth £100......sells for £140, probably settle down around £120
if they continue with new coin next year, and year after then long term its value will increase
above £120
£20 coin is worth £20......sells for 28-30 again going forward its likely to sell for around £30
not sure why it wouldnt be the case, fair dos you cant spend them in tesco
but hey ho
coin dealers offering scrap value , are cashing them in on ebay for whatever they are worth
if they continue with new coin next year, and year after then long term its value will increase
above £120
£20 coin is worth £20......sells for 28-30 again going forward its likely to sell for around £30
not sure why it wouldnt be the case, fair dos you cant spend them in tesco
but hey ho
coin dealers offering scrap value , are cashing them in on ebay for whatever they are worth
If you buy any modern coin its a mugs game unless its just for your collection
About 15 years ago silver was traded @ £2.75 a troy ounce but threats of recession and global unrest forced it to peak around £ 26 per ounce just a couple of years ago, today its about £12 per ounce.
Buying siver or gold at present day prices is not a good move because as the world moves out of recession dealers will sell and put their money back into more profitable ventures and gold and silver prices will collapse.
Anyone who is old enough will remember what happened in the late seventies when russia invaded Afghanistan and the threat of instability forced silver up to almost £18 per troy ounce and gold brushed a thousand dollars per troy ounce.
The london metal dealers had queue's of people selling their grandads cigarette cases and watch chains cashing in on what was worth ten times less a few weeks earlier.
I am no expert but would expect gold and silver to halve in the coming few years and then it would make sense to buy and then pray for the next war or recession.
About 15 years ago silver was traded @ £2.75 a troy ounce but threats of recession and global unrest forced it to peak around £ 26 per ounce just a couple of years ago, today its about £12 per ounce.
Buying siver or gold at present day prices is not a good move because as the world moves out of recession dealers will sell and put their money back into more profitable ventures and gold and silver prices will collapse.
Anyone who is old enough will remember what happened in the late seventies when russia invaded Afghanistan and the threat of instability forced silver up to almost £18 per troy ounce and gold brushed a thousand dollars per troy ounce.
The london metal dealers had queue's of people selling their grandads cigarette cases and watch chains cashing in on what was worth ten times less a few weeks earlier.
I am no expert but would expect gold and silver to halve in the coming few years and then it would make sense to buy and then pray for the next war or recession.
It's a roller coaster ride with previous metals.
Donny Osmond -sorry mate . If you think the new £100 coin is worth £100 then I would advise to contact the Royal Mint by email straightaway . Thats what I did . Their reply about a so called LEGAL TENDER coin will amaze you - it aint worth £100 !
And you cant spend it or pay it into ANY account ! Check this for yourself -its easy to do !
Moondan - good posting . I remember those mad days of bullion buying . When the Bunker Hunt bubble burst overnight ,a couple of friends I knew that had been buying scrap silver lost nearly £35,000 - OVERNIGHT WHEN THE SILVER PRICE TANKED! They just escaped bankruptcy by loaning cash off good friends . They still talk about it !
And you cant spend it or pay it into ANY account ! Check this for yourself -its easy to do !
Moondan - good posting . I remember those mad days of bullion buying . When the Bunker Hunt bubble burst overnight ,a couple of friends I knew that had been buying scrap silver lost nearly £35,000 - OVERNIGHT WHEN THE SILVER PRICE TANKED! They just escaped bankruptcy by loaning cash off good friends . They still talk about it !
DIK DASTARDLY.
If memory serves me Bunker Hunt owned the majority of silver mines in the states but cannot remember why the collapse came about other than silver was losing its usefulness in the world of electronics etc,etc.
I do remember he had some great horses in training with Noel Mureless and other trainers of that class in the 60s and 70s.
I have had a bit to do with the buying and selling of scrap through the Bric a brac and antiques markets in a small way and since the late 60s, the boom and bust highs and lows have come about on a very regular basis but unfortunately my gambling escapades on horses never allowed me to have enough riches to make a killing although I knew when it was wise to buy and hold onto for a few years. Boom and Bust are here to stay no matter what they say.
Nijinsky may have been in his ownership but perhaps old age is taking its toll and playing tricks.
If memory serves me Bunker Hunt owned the majority of silver mines in the states but cannot remember why the collapse came about other than silver was losing its usefulness in the world of electronics etc,etc.
I do remember he had some great horses in training with Noel Mureless and other trainers of that class in the 60s and 70s.
I have had a bit to do with the buying and selling of scrap through the Bric a brac and antiques markets in a small way and since the late 60s, the boom and bust highs and lows have come about on a very regular basis but unfortunately my gambling escapades on horses never allowed me to have enough riches to make a killing although I knew when it was wise to buy and hold onto for a few years. Boom and Bust are here to stay no matter what they say.
Nijinsky may have been in his ownership but perhaps old age is taking its toll and playing tricks.
Exactly moon. Highs and lows will all ways occur.
I regretted not selling off all my silver when was over£20 ounce. But I'm in it long term.
And by the next boom I'll have 20 times more to sell!!
Had some right bargains the last few weeks and they were off ebay where people usually pay over the odds.
I regretted not selling off all my silver when was over£20 ounce. But I'm in it long term.
And by the next boom I'll have 20 times more to sell!!
Had some right bargains the last few weeks and they were off ebay where people usually pay over the odds.
Money tree,
Best of luck to you, having money in the bank is a certain loss each and every year.
Its avery difficult situation at present what with europe flatlining and Greece questionable and the Arab countries destabalised and Russia joining the party of discontent, makes me think that it could be a few years before silver and gold will return to its true value but things can change very quickly as the world finds a better decade and the safe havens of gold and silver are not required.
On the other hand it only takes Russia to think it has to make a point and use troops on a larger scale and that alone could send silver back up to £25 per ounce in less than a week.
Anyway I am sure you get my drift and understand the score.
Best of luck to you, having money in the bank is a certain loss each and every year.
Its avery difficult situation at present what with europe flatlining and Greece questionable and the Arab countries destabalised and Russia joining the party of discontent, makes me think that it could be a few years before silver and gold will return to its true value but things can change very quickly as the world finds a better decade and the safe havens of gold and silver are not required.
On the other hand it only takes Russia to think it has to make a point and use troops on a larger scale and that alone could send silver back up to £25 per ounce in less than a week.
Anyway I am sure you get my drift and understand the score.
Yes the volatile world of which we have little control !!
I think it will be a while before the metals rise again and personally think a bigger dip will occur first.
If so I'll be piling in.
I think it will be a while before the metals rise again and personally think a bigger dip will occur first.
If so I'll be piling in.
Moondan - one of the infamous Bunker Hunts died quite recently - bankrupt of course .
The Bunker Hunt brothers had a mad idea in the early 1980s . It was simple . They would try and buy all the silver there was in the world by offering a higher and higher price - thus the bubble formed . But they underestimated just how much silver there actually was in the world to buy . So quite simply they just ran out of money after spending hundreds of millions of pounds . When they stopped buying the price literally collapsed overnight . Had they manged to buy the the worlds silver then they would have been able to control the price of it and thus make huge profits .
Its sounds like a James Bond plot but it actually happened !
The Bunker Hunt brothers had a mad idea in the early 1980s . It was simple . They would try and buy all the silver there was in the world by offering a higher and higher price - thus the bubble formed . But they underestimated just how much silver there actually was in the world to buy . So quite simply they just ran out of money after spending hundreds of millions of pounds . When they stopped buying the price literally collapsed overnight . Had they manged to buy the the worlds silver then they would have been able to control the price of it and thus make huge profits .
Its sounds like a James Bond plot but it actually happened !
Lol just googled it.
3 million kilos. Tidy.
3 million kilos. Tidy.
i am perfectly well aware of what legal tender means
a £100 coin has same legal status as 10 X £10 notes
or 2 x £50 notes
i am perfectly happy to deal in scottish notes which are
not legal tender, not even in scotland. some lovely
£100 notes about, try getting a crisp new one and see
what they sell for !
a £100 coin has same legal status as 10 X £10 notes
or 2 x £50 notes
i am perfectly happy to deal in scottish notes which are
not legal tender, not even in scotland. some lovely
£100 notes about, try getting a crisp new one and see
what they sell for !
Donny Osmond .
You are missing the point here.
You can SPEND £10 notes and £50 notes -and pay them into a bank account .
BUT YOU CANNOT SPEND THE £100 COIN OR PAY IT INTO ANY BANK /BUILDING SOCIETY/POST OFFICE ACCOUNT .
So when you have one of them ,what can you do with it ?
Its so called Legal Tender Status means virtually nothing !
I think you need to email the Royal Mint so that you get the information direct,rather than from me .
Reference the various Scottish Banknotes . Yes you can PAY THEM INTO YOUR BANK ACCOUNT AS NORMAL - I did so last week .
As an antique dealer I am very used to taking Scottish banknotes . I love the £100 Red ones !
Will I accept £100 Scottish Banknote for goods provided ----YES
Will I accept a £100 Big Ben Legal Tender silver coin ? -NO
Thats it in a nutshell .
What is there not to understand ?
You are missing the point here.
You can SPEND £10 notes and £50 notes -and pay them into a bank account .
BUT YOU CANNOT SPEND THE £100 COIN OR PAY IT INTO ANY BANK /BUILDING SOCIETY/POST OFFICE ACCOUNT .
So when you have one of them ,what can you do with it ?
Its so called Legal Tender Status means virtually nothing !
I think you need to email the Royal Mint so that you get the information direct,rather than from me .
Reference the various Scottish Banknotes . Yes you can PAY THEM INTO YOUR BANK ACCOUNT AS NORMAL - I did so last week .
As an antique dealer I am very used to taking Scottish banknotes . I love the £100 Red ones !
Will I accept £100 Scottish Banknote for goods provided ----YES
Will I accept a £100 Big Ben Legal Tender silver coin ? -NO
Thats it in a nutshell .
What is there not to understand ?
that is not the point it is something you have pulled out to benefit silver traders over the certainty of currency
try spending a £50 note btw
will i accept a £100 coin for £100 of goods, yes of course i will, so will loads of others
if you turn it away you are a fool
try spending a £50 note btw
will i accept a £100 coin for £100 of goods, yes of course i will, so will loads of others
if you turn it away you are a fool
I knew it...
DIK DASTARDLY is a 94 year old Cocaine seller...
Lovejoy he is not....
DIK DASTARDLY is a 94 year old Cocaine seller...
Lovejoy he is not....
id flog it on ebay for 150 quid
if i ever got stuck with it( highly unlikely) id buy £100 worth of first class stamps at the post office
marie lol
if i ever got stuck with it( highly unlikely) id buy £100 worth of first class stamps at the post office
marie lol
all scotish 100s are " red" these days, and 50 s are " green "
non are legal tender
non are legal tender
No, they are not 'legal tender', although the phrase 'legal tender' has a very precise definition.
They are acceptable as payment IF both parties agree.
They are acceptable as payment IF both parties agree.
DIK DASTARDLY 11 Feb 15 17:24
Donny Osmond .
You are missing the point here.
You can SPEND £10 notes and £50 notes -and pay them into a bank account .
BUT YOU CANNOT SPEND THE £100 COIN OR PAY IT INTO ANY BANK /BUILDING SOCIETY/POST OFFICE ACCOUNT .
Dik says not a post office?
Donny Osmond .
You are missing the point here.
You can SPEND £10 notes and £50 notes -and pay them into a bank account .
BUT YOU CANNOT SPEND THE £100 COIN OR PAY IT INTO ANY BANK /BUILDING SOCIETY/POST OFFICE ACCOUNT .
Dik says not a post office?
i can repeat as many times as you wish
or you can ask manager at post office
or you can ask manager at post office
i bleeve you donny...so the status looks quite misinforminal
DONNY OSMOND - you seem to be a guy who refuses to accept facts as they are !
The following is part of an official email sent to me direct from the ROYAL MINT /BANK OF ENGLAND on 19th Jan
Please read it and if you still dont believe what you are reading then simply email--Customer.Service@royalmint.com
Their email says
THE NEW £100 silver coin has been approved by the Privy Council but it has been designed wholly as a collectable coin or gift NOT as a circulating coin to be used in daily life -never intended of their value being realised by spending in shops or depositing in a Bank
In recognition of the fact ,that while it is legal tender ,the new £100 coin CANNOT BE DEPOSITED IN BANKS OR BUILDING SOCIETIES ,OR USED IN POST OFFICES OR SHOPS IN EXCHANGE FOR CASH OR GOODS.
IT CAN ONLY BE USED IN THE SETTLEMENT OF DEBTS IN A COURT IF BOTH PARTIES AGREE ( WHICH THEY OBVIOUSLY WILL NOT )
SO DONNY OLD BOY - THEY ARE THE FACTS !
THE COINS CANNOT BE SPENT
I REPEAT -THE COINS CANNOT BE SPENT
IS THAT CLEAR ENOUGH FOR YOU ?
The following is part of an official email sent to me direct from the ROYAL MINT /BANK OF ENGLAND on 19th Jan
Please read it and if you still dont believe what you are reading then simply email--Customer.Service@royalmint.com
Their email says
THE NEW £100 silver coin has been approved by the Privy Council but it has been designed wholly as a collectable coin or gift NOT as a circulating coin to be used in daily life -never intended of their value being realised by spending in shops or depositing in a Bank
In recognition of the fact ,that while it is legal tender ,the new £100 coin CANNOT BE DEPOSITED IN BANKS OR BUILDING SOCIETIES ,OR USED IN POST OFFICES OR SHOPS IN EXCHANGE FOR CASH OR GOODS.
IT CAN ONLY BE USED IN THE SETTLEMENT OF DEBTS IN A COURT IF BOTH PARTIES AGREE ( WHICH THEY OBVIOUSLY WILL NOT )
SO DONNY OLD BOY - THEY ARE THE FACTS !
THE COINS CANNOT BE SPENT
I REPEAT -THE COINS CANNOT BE SPENT
IS THAT CLEAR ENOUGH FOR YOU ?
It would seem people have tried but struggled to spend them.
why would folk even try to spend these £100 coins.
they are obviously only for collectors and not going to be used as legal tender.
the 20p coins without a date are legal tender (worth 20p) but are being bought by collectors for more than face value.
in 5 or 10 years time when all these £100 coins have been bought off ebay by collectors and there are hardly any available to buy then they might be worth £500 or more each as other collectors try to get hold of them.
collectors are only interested in the item and not the real value of the item.
they are obviously only for collectors and not going to be used as legal tender.
the 20p coins without a date are legal tender (worth 20p) but are being bought by collectors for more than face value.
in 5 or 10 years time when all these £100 coins have been bought off ebay by collectors and there are hardly any available to buy then they might be worth £500 or more each as other collectors try to get hold of them.
collectors are only interested in the item and not the real value of the item.
Obviously a few of you have collections.
How do you store the valuable stuff? At the mo mine are in fire proof lock boxes but am thinking of a safe.
Any tops on a safe for the house and location?
I had a spell years back where if I had a crisp uncirculated bank note from a machine I would keep it.
So don't most but only had one £20 which I kept. Never looked into it much but on looking a year ago realise it had a really good serial
Number all with doubles like ee33 886633 so pleased with that.
Breeding this thread makes a change from Cheltenham none runner threads where some insiders have profited before its announced.
How do you store the valuable stuff? At the mo mine are in fire proof lock boxes but am thinking of a safe.
Any tops on a safe for the house and location?
I had a spell years back where if I had a crisp uncirculated bank note from a machine I would keep it.
So don't most but only had one £20 which I kept. Never looked into it much but on looking a year ago realise it had a really good serial
Number all with doubles like ee33 886633 so pleased with that.
Breeding this thread makes a change from Cheltenham none runner threads where some insiders have profited before its announced.
Outpost I think dik has a valid point here I'm not sure most collectors have these all ready.
I was tempted to buy the £80 silver first birthday coin for George as it was the same design as the old florins I have.
De cided against it now they were limited to only 7500 so pretty rare but the ones I've seen on ebay have not even sold for £80 so a loss inside two years.
I was tempted to buy the £80 silver first birthday coin for George as it was the same design as the old florins I have.
De cided against it now they were limited to only 7500 so pretty rare but the ones I've seen on ebay have not even sold for £80 so a loss inside two years.
i dont see it going as high as 500, but 120-130 medium term seems fine.
there are 50k coins today and until silver hits £50 an ounce there will
be 50k coins .
lots of the other coins sold by royal mint are very poor investments as they overcharge.
royal mint supply other vendors at a discount so that is the true value, and even then many will bomb.
you do need a safe, or better still storage via a bank away from your home.
your coin / banknote collection will be treated as one item for insurance so if
it gets cleaned out/destroyed you may find you get as little as 3k for the lot
unless you make prior provision with your insurer.
get them all photographed and keep photos in safe place..not with coins notes
there are 50k coins today and until silver hits £50 an ounce there will
be 50k coins .
lots of the other coins sold by royal mint are very poor investments as they overcharge.
royal mint supply other vendors at a discount so that is the true value, and even then many will bomb.
you do need a safe, or better still storage via a bank away from your home.
your coin / banknote collection will be treated as one item for insurance so if
it gets cleaned out/destroyed you may find you get as little as 3k for the lot
unless you make prior provision with your insurer.
get them all photographed and keep photos in safe place..not with coins notes
will you be buried with your coin collections as well?
material junk, clutter at best
material junk, clutter at best
coin collection will be sold to help fund retirement
cant take em with me, and aint leaving em to others to fund their retirements.
cant take em with me, and aint leaving em to others to fund their retirements.
Hiw is a precious metal junk.
Paper money is more of a junk item.
Sentry do a fire and waterproof safe but most of my floor is timber so not sure where to secure it.
Paper money is more of a junk item.
Sentry do a fire and waterproof safe but most of my floor is timber so not sure where to secure it.
The first kilo silver bars I purchased cost a whopping £164 each.
If silver drops that low again them I'm going to put all savings into silver and gold.
If silver drops that low again them I'm going to put all savings into silver and gold.
Donny Osmond
I really do feel sorry for you !
You are the sort that swears BLACK is WHITE -and actually believes it . !
Anyway good luck to you when you try and spend your £100 coins .
I think thats enough on this topic .
Its become boring -but thanks for all the replies -some of them very interesting and I have learnt a few things .
Now on to more serious matters !
FINDING WINNERS !
PLUS LAYS THAT GET BEATEN !
I really do feel sorry for you !
You are the sort that swears BLACK is WHITE -and actually believes it . !
Anyway good luck to you when you try and spend your £100 coins .
I think thats enough on this topic .
Its become boring -but thanks for all the replies -some of them very interesting and I have learnt a few things .
Now on to more serious matters !
FINDING WINNERS !
PLUS LAYS THAT GET BEATEN !
best of luck with that
if you have no luck, you can pretend, or make it up
hey ho
if you have no luck, you can pretend, or make it up
hey ho
Hate to bring this topic up again but at last some folk are seeing the light on the merits of this coin .
Prices for it on Ebay are dropping gradually and some are now going for under £130
This means that with all the Ebay and Paypal charges involved the profits in selling them have virtually gone to nothing .
I hope I have enlightened one or two prospective buyers and possibly saved them some money in the short (and long term)!! ??
Prices for it on Ebay are dropping gradually and some are now going for under £130
This means that with all the Ebay and Paypal charges involved the profits in selling them have virtually gone to nothing .
I hope I have enlightened one or two prospective buyers and possibly saved them some money in the short (and long term)!! ??
so the price is trending towards what was expected, a sale price of £130 ish
a small profit after costs for £100 coin, that is worth £30 to you...and you
think you have given good advice.
meanwhile the speculation bubble moves on to the £2 coin for 2015 with the ship on the back
and the 4th portrait of the queen on the front. 100 released into circulation, and on sale
off mint for £12. (£8 elsewhere) the ebay mugs paying up to £25 for them
coin will go into general circulation later this year with new 5th portrait of queen on front
and same ship on back
as mint have hyped this coin, the collectors will already have it...therefore the value
will be held by the other coins for this year with 4th portrait of queen which will only
be released until march of this year, all should be around and you can find them in your change
no need to ay over the odds
a small profit after costs for £100 coin, that is worth £30 to you...and you
think you have given good advice.
meanwhile the speculation bubble moves on to the £2 coin for 2015 with the ship on the back
and the 4th portrait of the queen on the front. 100 released into circulation, and on sale
off mint for £12. (£8 elsewhere) the ebay mugs paying up to £25 for them
coin will go into general circulation later this year with new 5th portrait of queen on front
and same ship on back
as mint have hyped this coin, the collectors will already have it...therefore the value
will be held by the other coins for this year with 4th portrait of queen which will only
be released until march of this year, all should be around and you can find them in your change
no need to ay over the odds
...
http://www.ebay.co.uk/itm/2015-2-BATTLE-OF-BRITAIN-RARE-ONLY-100-MINTED-AND-PUT-INTO-CIRCULATION-/400863165544?pt=LH_DefaultDomain_3&ha****m5d554e7c68
this is the coin you can buy for £10.... taken out of packet and hype does the rest
http://www.ebay.co.uk/itm/2015-2-BATTLE-OF-BRITAIN-RARE-ONLY-100-MINTED-AND-PUT-INTO-CIRCULATION-/400863165544?pt=LH_DefaultDomain_3&ha****m5d554e7c68
this is the coin you can buy for £10.... taken out of packet and hype does the rest
http://www.ebay.co.uk/itm/2015-2-BATTLE-OF-BRITAIN-RARE-ONLY-100-MINTED-AND-PUT-INTO-CIRCULATION-/400863165544?pt=LH_DefaultDomain_3&hash=ítem5d554e7c68
change the í in item to an i
censorship gone mad, ffs
change the í in item to an i
censorship gone mad, ffs
You have to wonder about the people on ebay one if the £2 navy coins just sold for £60
one going for £150
http://www.ebay.co.uk/itm/MEGA-RARE-2015-2-COIN-TWO-POUND-HMS-BELFAST-1-OF-100-CIRCULATED-BY-ROYAL-MINT-/281600431035?pt=LH_DefaultDomain_3&ha****m4190b193bb
pop down get a receipt !
http://www.ebay.co.uk/itm/MEGA-RARE-2015-2-COIN-TWO-POUND-HMS-BELFAST-1-OF-100-CIRCULATED-BY-ROYAL-MINT-/281600431035?pt=LH_DefaultDomain_3&ha****m4190b193bb
pop down get a receipt !
http://www.ebay.co.uk/itm/MEGA-RARE-2015-2-COIN-TWO-POUND-HMS-BELFAST-1-OF-100-CIRCULATED-BY-ROYAL-MINT-/281600431035?pt=LH_DefaultDomain_3&hash=îtem4190b193bb
change the î in item again, ffs betfair
change the î in item again, ffs betfair
I bought a thousand of the fukers can't get rid of em for love of money
Donny Osmond
Are you familiar with charges related to selling things on ebay ?
TOTAL charges plus 5% PAYPAL deductions on ebay amount to quite a bit off the actual amount you receive .
In my own case I sold my ten £100 coins on ebay for exactly £160 each on BUY IT NOW . I also provided free Special Delivery postage for each coin ..
So the net result was this
Total sale amount for the ten coins £1600 to give a supposed profit of £600
However the Ebay selling charges and Paypal deductions came to £232
Plus 10 x £7 postage £70
SO THE NET RESULT WAS A PROFIT OF £298 !
So with the same selling conditions you can see that anyone selling their £100 coin on ebay and only receiving a £130 bid is hardly going to end up in a profitable situation
Just a thought .
Are you familiar with charges related to selling things on ebay ?
TOTAL charges plus 5% PAYPAL deductions on ebay amount to quite a bit off the actual amount you receive .
In my own case I sold my ten £100 coins on ebay for exactly £160 each on BUY IT NOW . I also provided free Special Delivery postage for each coin ..
So the net result was this
Total sale amount for the ten coins £1600 to give a supposed profit of £600
However the Ebay selling charges and Paypal deductions came to £232
Plus 10 x £7 postage £70
SO THE NET RESULT WAS A PROFIT OF £298 !
So with the same selling conditions you can see that anyone selling their £100 coin on ebay and only receiving a £130 bid is hardly going to end up in a profitable situation
Just a thought .
Why are the £2 coins going so high when done are £15??
dik
you said 130 left a profit, thats far from your its only worth 30 quid
not sure you have read your posts nevermind anyone elses
there are other places to sell other than ebay by the way
moneytree
hype innit, buy for £10, remove from packet, tell people there are only 100 in circulation
bobs your uncle
some thick people around
you said 130 left a profit, thats far from your its only worth 30 quid
not sure you have read your posts nevermind anyone elses
there are other places to sell other than ebay by the way
moneytree
hype innit, buy for £10, remove from packet, tell people there are only 100 in circulation
bobs your uncle
some thick people around
There sure are feel sorry for them.
There's someone trying to sell an undated 20p for £1700. What makes people waste their own time when there is zero chance to sell it as
U can buy one for under £50.
There's someone trying to sell an undated 20p for £1700. What makes people waste their own time when there is zero chance to sell it as
U can buy one for under £50.
Not an undated on breeding.
This auction made me laughter. Item 191512327739
This auction made me laughter. Item 191512327739
My mate next door buys fivers for £100 ,no not for me buying money
Must be tough being in an asylum.
Seen a few up for £130 and not one bid. People caught on??
What for to show them and take them home??
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