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[37] [38] [39] Legal tender has a very narrow legal meaning, related to paying into a court to satisfy a debt, and nobody is obliged to accept any particular form of payment (whether legal tender or not), including commemorative coins. Royal Mint guidelines advise that, although these coins were approved as legal tender, they are considered ...
The Royal Mint – UK Legal Tender Guidelines; The Royal Mint – Legal tender status of stamps in the UK Archived 29 April 2012 at the Wayback Machine; Act to authorize the Issue of United States Notes, and for the Redemption or Funding thereof, and for Funding the Floating Debt of the United States. 37th Congress, 2d Session, Ch. 33, 12 Stat ...
Crowns, £5 coins and (until 1996) £2 coins are non-circulating, although they are still legal tender. These denominations are only used for commemoratives. During the decimal era, crowns were converted to twenty-five pence. 50p and £2 coins made after 1996 circulate normally and can be found in change. Usually about 5 million of each of ...
The Coinage Act 1971 (c. 24) is an act of the Parliament of the United Kingdom which consolidated prior coinage-related enactments relating to the country's coinage. Among its provisions, which coins (but not notes) are legal tender was redefined [1] and confirms that the Chancellor of the Exchequer is the Master of the Mint.
In 2016, the Royal Mint began minting legal tender decimal sixpence coins in sterling silver, [13] intended as commemorative coins for the Christmas season. [14] These coins are heavier than the pre-1970 sixpence (3.35 grams instead of 2.83 grams), and have a denomination of six new pence (6p) instead of six old pence (6d).
In addition to legal tender coinage, the Coin Guide also provided information on all Royal Canadian Mint issues. [19] The guide was created in response to a common problem of collectors experiencing difficulty discovering the value of their coins held.
The Royal Mint stated that these coins were legal tender, [10] although due to their rarity they are traded at above face value by collectors. Following publicity about the coins, they were initially traded on eBay for several thousand pounds, although an eBay spokesman was unable to confirm if an accepted winning bid of £7,100 for one coin ...
The British twenty pound (£20) coin is a commemorative denomination of sterling coinage, first issued by the Royal Mint in 2013. [1] It is minted in .999 fine silver. [2] Twenty pound coins are legal tender [3] but are intended as souvenirs and are almost never seen in general circulation.
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