Shilings selllll, scrap or lumberd!

[mark3]

Hi all

I'd appreciate some advice. I've come into a few hundred shillings 1947-1966 majority circulated but in good condition. How could I go about seling them? Are they of any scrap value? Your help would be greatly valued. Thanks Mark

[Coin_Hunter]

If you're thinking of silver - those are actually Cupro-Nickel alloy coins, 1920-46 British coins are 0.5 silver, pre-1920 are sterling 92.5% silver). So there's no valuable metal content, however, you can still get a few quid for them, but it won't be a lot.

Edited February 28, 2010 by Coin_Hunter

[Chris Perkins]

Potentially face value (which is more than the scrap value) if you can find a bank that will still take them. It's getting very difficult.

[mark3]

If you're thinking of silver - those are actually Cupro-Nickel alloy coins, 1920-46 British coins are 0.5 silver, pre-1920 are sterling 92.5% silver). So there's no valuable metal content, however, you can still get a few quid for them, but it won't be a lot.

[mark3]

Thanks, I'm aware they're cupro nickel but have been offered £3.50 for £5 bag of shillings. I was wondering if scrapping would be more profitable?

Apologises for lack of respect to the coins but i've just got so many of them!

[Peckris]

Thanks, I'm aware they're cupro nickel but have been offered £3.50 for £5 bag of shillings. I was wondering if scrapping would be more profitable?

Apologises for lack of respect to the coins but i've just got so many of them!

The Royal Mint will still exchange those for face value, but there's the cost of getting them there...

[Chris Perkins]

Don't feel bad about it. I've scrapped tons of coins. It helps make the remaining ones scarcer!

£3.50 per £5 bag sounds fair enough to me, if you can't shift them at a bank.

[mark3]

Thanks for the advice. I've heard that Banks will not take the shillings but only the older style 5 pence pieces. How accurate this is i'm not sure.

[Coin_Hunter]

I'm not sure if it's legal to sell these coins for their metal content or at least to melt them down, unless they don't count because they were made before the 1971 Coinage Act.

http://www.thisismoney.co.uk/bargains-and-rip-offs/article.html?in_article_id=409079&in_page_id=5

The coins are about 75% copper, 25% nickel, with a trace amount of manganese.

[scottishmoney]

I should see if I could scrap say a few kilogrammes of £SD pennies mostly QEII sometime here and see if they will take them.