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The British Coin Forum - Predecimal.com

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Posted

Hi I have seen in a local auction about £100 worth estimate(face) of old size GB 5ps and 10ps

Only problem all have that kind of blue/white corrosion. Looks like they might have been buried in the garden in two old crocks!

Just wondered if they would hold any value or can be cleaned if they get that bluey white. They are in the auction for the 2nd week and I just wondered. Would anyone here know of I could get the cash if changed at the bank etc or if any dealer would touch?Or any scrap value?

Probably could buy the LOT for a quid or two as noone seems interested

Russ777

Posted

Personally I wouldn't take them for nothing.....recent coins with a problem....no thanks

Posted

Or any scrap value?

Russ777

£140 per Metric Tonne (1000 Kilos)

Posted

Hi I have seen in a local auction about £100 worth estimate(face) of old size GB 5ps and 10ps

Only problem all have that kind of blue/white corrosion. Looks like they might have been buried in the garden in two old crocks!

Just wondered if they would hold any value or can be cleaned if they get that bluey white. They are in the auction for the 2nd week and I just wondered. Would anyone here know of I could get the cash if changed at the bank etc or if any dealer would touch?Or any scrap value?

Probably could buy the LOT for a quid or two as noone seems interested

Russ777

You can get face value back - probably from the banks, if not then certainly from the Royal Mint. That's if scrap value is less than face, which it probably isn't.

Posted

You have to find a bank that will take them, and if they are at auction figure their fee too. Not worth it in my opinion.

Posted

You have to find a bank that will take them, and if they are at auction figure their fee too. Not worth it in my opinion.

AFAIK banks are still obliged to accept large-style decimal coins for their equivalent face value. If not, then the Mint certainly should (I believe they still accept predecimal?)

Posted

AFAIK banks are still obliged to accept large-style decimal coins for their equivalent face value. If not, then the Mint certainly should (I believe they still accept predecimal?)

Obligations and actual practice often differ in opins. Many people have found that the commercial banks are rather unaccommodating whence it comes to redeeming obsolescent coinages. Those that do so tend to be more customer oriented - and well - rather scarce in today's world.

  • 4 years later...

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