|Paul Davey 1||12/02/2017 21:44:46|
280 forum posts
A way of buying bullion in other words, except that the usual GB crowns have no precious metal content. Sovereigns are still legal tender for £1. If I ran a shop I would happily take as many as offered for £1 each! I remember when my swimming lessons cost half a crown a time!
429 forum posts
That is right, the last GB crown to have any silver (50%) was the one issued in 1937.
Modern 'crowns' are really issued as £5 coins (post 1990) usually and are made in base metals. Apparently the Royal Mint has issued an order for banks not to accept these coins as legal tender. A rip off, much like RM with its expensive stamp sets which mostly never get put on mail. The royal mint says that these coins are souvenirs (their word) and commemorating an event and not intended to be spent!
The silver and gold coins are bullion coins, a way of keeping precious metals. There is a shop in town selling sovereigns - the half sovereigns go currently for about £170, the full sovereign for over £300.
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