How hard is it to spend money?: A new movement begins

Ive covered several times in the past, about my master plan to maximise "free money", and how to spend it. Lets go back a few years and give a quick recap of what ive been doing:

Several years ago, the Royal Mint released a set of coins that you could buy for face value... I hear you saying - "Isnt it the Mints job to make coins and release them for face value?". Well youd be 99.99% correct.... Here in the UK we have a limited number of general circulation coins that get minted and released on a yearly basis -

1 pence(£0.01), 2 pence, 5 pence, 10 pence, 20 pence, 50 pence, 1 pound(£1) and 2 pound coins. These coins are accepted by all shops and banks as a medium of exchanged for good and services. This has always been the case since decimalisation in the late 1970's, and shops never bat an eye lid if you choose to pay with these coins.

So when the Mint released their £20 coins for face value, and their £50 & £100 for face value coins, there was some interest from the coin collecting community. May I add that it was short lived!! Buyers of these face value coins, WHICH ARE LEGAL TENDER, quickly found that shops, restaurants and banks were refusing to accept them as payment for goods and services.

Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt.[1] Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt.
WIKI

This is were my master plan kicks in.... Ive been buying up these "face value" coin on a well known internet auction site for the past several years. Once collectors and people who thought face value for face value was a great deal, but then couldnt spend them lost their patients, the internet was flooded with cheap coin. You can still find them now by performing a little search, but you need to be fast to beat me and a few others doing this fancy new little trick.

How this trick works is all in the wording of the law -

"satisfactory payment for any monetary DEPT".

DEPT being the most important work here. Contrary to popular belief, shops or individuals do have the right to refuse payment in coins or notes, even legal tender ones, before a transaction has taken place, and to demand payment in whatever form they choose.

However, when the debt has already been incurred, such as self-service petrol pumps OR eating at a restaurant, then they are obliged to accept settlement of that debt in legal tender! GENIUS!!!

This movement has been championed by a bloke called Julian Chamberlain, hes been doing quite well and gaining a lot of followers on his channel, with his videos. This ones a 20min clip of him spending his face value silver coins in a Tesco(UK supermarket) and being successful

I know this works as ive done it myself for a few years. The more its done, the more it will be widely accepted. Which is great news if you want to spend your coins, but bad news for me of i want to pick them up cheap.

I forgot to say earlier, the savings on these coins can be up to 20% under their FV, which is a huge saving on a £100 coin. With the price of petrol going up, up and up, why would you not use a method that can save you 20% offf the proce of filling your fuel tank.

40+yr old, trying to shift a few pounds and sharing his efforsts on the blockchain. Come find me on STRAVA or actifit, and we can keep each other motivated .

Proud member of #teamuk. Teamuk is a tag for all UK residents, ex-pats or anyone currently staying here to use and get a daily upvote from the community. While the community actively encourages users of the platform to post and use the tag, remember that it is for UK members only.

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