You can make a 17.5% profit: The death of a great leader.
Throughout the month of January, ill be looking back at historical moments from the past. From conflicts to coronations, sporting moments to royal memories, and famous firsts and lasts. With my love of all things shiny and precious, ill be trying to tie these events in with coins that have been created to commemorate these moments.
On 24 January 1965, Sir Winston Churchill passed away in his London home, aged 90. The enigmatic leader, known for his rousing speeches and booming voice, is credited with guiding Britain to victory during the Second World War, particularly due to his moving ‘We shall fight them on the beaches’ speech.
SOURCE
His death came nine days after he suffered a severe stroke, and plunged Britain into a week of mourning. He had been the first Prime Minister of Her Majesty The Queen’s reign. Her Majesty went against tradition in attending his funeral, providing a wreath of white flowers ‘From the Nation and the Commonwealth. In Grateful Remembrance’.
Through the years, The Royal Mint has paid several tributes to Churchill, including the 1965 commemorative crown. In 2015 tjey released a £20 coin for the 50th anniversary of the statesman’s death.
Ive covered this great little money making trick before, but as its the anniversary of his death, i think it only fitting i bring this little money generating hack to your attention once again.
Notice anything interesting about these "sold" prices of the 2015, silver £20 coin?? The fact that a face value coin, has sold for below face-value should set keen eyed investors alarm bells ringing!!
Even when you factor in P&P, some of these coins can be.picked ip for approximately 17.5% under face value.... Thats definitely to be sniffed out.
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered in payment of a debt extinguishes the debt.
WIKI
In a nut shell, these face value coins - £20 for £20, £50 for £50 and £100 for £100 coins released by rhe Royal Mint, are technically "legal tender".... while shops and banks etc do NOT need to accept these coins as a medium of exchange, no court can or will refuse payment of debt in these coins.
Examples of debt that can not be refused include any court appointed fine, parking fine or council tax bill. If, like me, you are so inclined to play the system at its own game, then great savings can be made by buying these coins from Ebay and using them to pay for your everyday bills.
So be smart.... understand the system, learn to play "the game" and save some money doing it too.
SOURCE: ROYAL MINT
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In Canada we definitely have the same $20 for $20 series that are in the Legal tender issue and the banks have to accept them as legal Tender. All the coin Shops and retailers I know since are careful to not sell for less than the face value.
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Buyers here in the UK bought them all from the mint hoping to make a quick flip and sell on ebay.... trouvle is the Mint manufactured millions of them and so no secondary demand was ever created as you could buy them for face value direct.
Now everyones stuck eith them and dont know this loophole on how to spend rhem. Technically NO shop has to accept them. Its only classed as legal tender for purposes of debt and not a medium of exchange.
Parking tickets, parking fines, speeding fines etc are all great wys to get rid of your coins (although i would highly recommend not getting rhem in the first place and saving the £££)
And I have an exemplary spotless driving record too. 🚗
In practice where do you use these as legal tender? I could pay my council tax in this way but my council accepts cash payments via the Post Office so I'm wondering whether the Post Office could refuse to accept them.
The post office is one of the few places that will accept them as legal tender(mine always has). I buy tuem and use them to buy stamps/postage anything else the PO sells.
I cant find the link, but there was a big fuss about a bloke who uses his coins to buy petrol from Tesco/Morrisons etc, he made the papers and recieved a settlement from thr police for being wrongfully arrested because Tesco wouldnt take his coin. Turns out theycall had to owe him an apology in the end. He still does it now.
**EDIT - These coins are "cash". They hold legal tender status having s face value and having been manufactured by the Royal mint.
I'm tempted to try this, if I have free day to deal with the police!!
Isn't Boris the real great leader?
Your autocorrect kicked in and changed c*nt to leader
Hahahahahha..... ill assume youre being sarcastic??
How strange, people would sell a coin for under face value - when you can still spend it for face value!