JACGW Posted July 17, 2017 Posted July 17, 2017 I discovered this box in my grandfathers attic and decided to open it and take a look. Inside was this bag of half pennies, it was delivered to the bank which my late grandfather was a manager of so I can only imagine it was one of their last deliveries before decimalisation was introduced. Does anyone know what this would be worth? Thanks in advance Quote
Rob Posted July 17, 2017 Posted July 17, 2017 Melt value. There are countless bags of 1967 coins of all denominations lying around with probably millions of coins still sitting there. 1 Quote
JACGW Posted July 17, 2017 Author Posted July 17, 2017 Just now, Rob said: Melt value. There are countless bags of 1967 coins of all denominations lying around with probably millions of coins still sitting there. Thank you for your reply Rob. I presumed that was going to be the case! Quote
Rob Posted July 17, 2017 Posted July 17, 2017 In a way it would be good if the mint would take them back as it is surely an alloy mix they use to this day, but if you tried to cash them in at the BoE then you would only get face instead of their intrinsic value. Quote
Peckris Posted July 18, 2017 Posted July 18, 2017 (edited) Mint-sealed bags of many dates in the 60s (most denominations) were commonly advertised in the late 60s. Although these were sold between 1.5 and 5 times face value, their value slumped after 1971 and are still so common that they will never realise much more than face value, or intrinsic metal value. 1967 being the last year of predecimal coins is not relevant - all coins minted from 1967 to 1970 carried the date 1967, so they are among the commonest of all coins. Edited July 18, 2017 by Peckris Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.