closed Experiment to settle £1020 bank debt costing only £850 - Sealed £20 and £100 silver legal tender coins bundle, plus bonus

[stefffana]

20 minutes ago, pricha said:

It would be tremendously time consuming.  What is your time worth ? 

Yes, for petrol station I do agree.

But for one bank payment to settle debts it's worth.

Even if the bank will refuse, a person who know his right or have a good lawyer / solicitor can make the bank pay a lot more in court.

I have not any bank debts and my council tax is included in rent. But if I would be in one of these positions, I would make them accept my coins.

Edited September 25, 2023 by stefffana

[Darr3nG]

30 minutes ago, stefffana said:

I would make them accept my coins.

[ArgentSmith]

1 hour ago, stefffana said:

I would make them accept my coins.

 

[Jimmock]

1 hour ago, Darr3nG said:

https://fullfact.org/online/legal-tender-not-illegal-to-accept/ 😜😜

[HOLDON]

Just as a thought guys

Would it be better to first try settling a debt of £2 with a 1oz Britannia, along with a cover letter asking them to confirm they accept your legal tender at face value, that if you don’t hear back from them and your overdraft is credited it will be assumed that your £2 face value coin has been accepted as legal tender to credit your account. Once it is accepted as legal tender you then have a case for using the other coin and can progress from there. 

[stefffana]

A gentle bump!🤗

[Spyder]

This is what the RM states on their website.

https://www.royalmint.com/help/trm-faqs/legal-tender-amounts/

[stefffana]

Last bump before withdrawing this lot!

 

[ArgentSmith]

Put for auction with free SD and legal advice? 

Edited October 1, 2023 by ArgentSmith

[NGMD]

A Bump for the Romanian Rasputin.

[margin]

Using the narrow definition of legal tender I believe you are also capped at a max of £10 to satisfy a payment in coins

[stefffana]

1 minute ago, margin said:

Using the narrow definition of legal tender I believe you are also capped at a max of £10 to satisfy a payment in coins

Apparently not. The coins with face value over £1 can be any amount.

[NGMD]

I want to play. 
Having legal tender on the coin by RM (Govt) means it has that value. A promise- like a note.

Or it makes a mockery of CGT, try telling the taxman on your declaration i.e ‘yeah, I sold lots of coins but they only were worth a quid, the real value was for giggles’ A denomination is a promise to pay. Oh never mind….

[stefffana]

47 minutes ago, NGMD said:

I want to play. 
Having legal tender on the coin by RM (Govt) means it has that value. A promise- like a note.

Or it makes a mockery of CGT, try telling the taxman on your declaration i.e ‘yeah, I sold lots of coins but they only were worth a quid, the real value was for giggles’ A denomination is a promise to pay. Oh never mind….

Thank you, my friend!

PM sent!🤗

[TheSilverForum]

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