closed £20 silver coins x 5, george and dragon,churchill,longest reigning monarch

[watchesandwhisky]

5 x sealed £20 silver coins, there is 3 x churchill, 1 x george and the dragon and 1 x longest reigning monarch. 

£80 with free special delivery postage included. 

[R2DANIO2]

Any pictures?

[watchesandwhisky]

@R2DANIO2 Sure thing , photo added:)

[watchesandwhisky]

Bump.

[watchesandwhisky]

bump

[Mattwood198]

This feels like too much of a bargain? Surely the bank would give you £20.00 eachfor them if that's their face value?

Or am I missing something?

[watchesandwhisky]

It was a grey area, banks probably wont take them, i did try at hsbc years ago and they said no - yet i know some people have used them to pay for goods at tescos!

Im just selling them on behalf of my mother who dosent really mind and just wants some cash.

[InvestInCoins888]

The Royal Mint instructed The Bank of England to no longer accept them as legal tender (killing the market for them overnight) after they discovered a loophole people were using their credit cards to purchase lots of these pocketing the variety of loyalty points etc and then paying the coins directly back into their bank accounts.

Funnily enough the establishment didn’t like this practice!

Imagine being one of those people holding 10’s or 100’s of thousands in legal tender coins and overnight their value was SLASHED! Gutted.

[Mattwood198]

4 hours ago, InvestInCoins888 said:

The Royal Mint instructed The Bank of England to no longer accept them as legal tender (killing the market for them overnight) after they discovered a loophole people were using their credit cards to purchase lots of these pocketing the variety of loyalty points etc and then paying the coins directly back into their bank accounts.

Funnily enough the establishment didn’t like this practice!

Imagine being one of those people holding 10’s or 100’s of thousands in legal tender coins and overnight their value was SLASHED! Gutted.

That must suck for those people! Very interesting though, thank you for the insight.

[TheSilverForum]

This trade topic has been automatically closed as it is older than 30 days old. If your item is still for sale or your wanted listing is still valid, please submit a new listing.