£5 for £5 with 42p cashback and 50p to British Legion
305°Expired

£5 for £5 with 42p cashback and 50p to British Legion

57
Found 1st Oct 2016
This one is a no brainer, buy £5 through quidco for £5, the coin is legal tender so you can spend it. Then the British Legion gets 50p and you get 42p tracked through quidco. 3 per household. Save it or spend it

Legal tender in Jersey only.

- jdbigguy



50p from the sale of this product will be paid to the
Royal British Legion Trading Limited (4783730 registered in
England and Wales) which gives its taxable profits to the
Royal British Legion (Charity no. 219279).


- EveshamLad

57 Comments

Shops don't accept this, but bank of England will.

Although they might be legal tender that are not circulating legal tender and do not and probably will not be accepted by banks and shops if you want to exchange them for their face value.

Only legal tender in Jersey...

it is a Jersey coin so only use it perhaps in the @Channel Islands

You are correct it for a no brainer (_;)
Edited by: "anthony712" 1st Oct 2016

Good deal because the BL get something.

I would like a little more assurance of actually being able to transfer it in a bank. Aside from that, great deal.

dinosteveus

Good deal because the BL get something.


It's a rubbish deal because the coin has no value except in Jersey. If you want to give to BL then send them the £5 direct.

just be prepared to be mail spammed to oblivion...

Not sure the charity would actually get 50p anyway, it says "50p from the sale of this product will be paid to the Royal British Legion Trading Limited (4783730 registered in England and Wales) which gives its taxable profits to the Royal British Legion"

And as stated only really legal in Jersey.

Con.


Edited by: "SaverSaver" 1st Oct 2016

dinosteveus

Good deal because the BL get something.



Maybe. Or Maybe not.

It will depend what, if any, taxable profit the Royal British Legion Trading Limited declare

So many people still do not understand what the term "legal tender" means.
royalmint.com/abo…nes

jdbigguy

It's a rubbish deal because the coin has no value except in Jersey. If … It's a rubbish deal because the coin has no value except in Jersey. If you want to give to BL then send them the £5 direct.



​It's worth £5 . That is the face value. And banks and crown post offices will accept them.

leewills8

​It's worth £5 . That is the face value. And banks and crown post offices … ​It's worth £5 . That is the face value. And banks and crown post offices will accept them.


No, they probably won't, this is from the Royal Mint link provided by Master G above;
"... although the silver UK coins we produce in denominations of £5, £20, £50 and £100 are approved as legal tender, they have been designed as limited edition collectables or gifts and will not be entering general circulation. As such, UK shops and banks are unlikely to accept them.

Great deal!

I bought a 100 Poppies £5 coin back in 2014 on the 100th Anniversary its probably worth about 4 times that now.

Whilst it's not legal tender in the UK it won't lose its value as coin collectors in future will want these coins and there is a donation to BL. Heat Added!

Fredstock

its probably worth about 4 times that now



Probably sadly not! These issues are far too frequent and mean that supply greatly outstrips demand. Only one answer from there, good luck finding a bank to take them.

SaverSaver

Probably sadly not! These issues are far too frequent and mean that … Probably sadly not! These issues are far too frequent and mean that supply greatly outstrips demand. Only one answer from there, good luck finding a bank to take them.


Check completed listings on eBay, they always go for over a tenner. U won't get rich with this, but you'll donate to charity and won't lose money. I'm a numismatist so I'll keep mine anyway. Thanks op

plunet

Although they might be legal tender that are not circulating legal tender … Although they might be legal tender that are not circulating legal tender and do not and probably will not be accepted by banks and shops if you want to exchange them for their face value.



​the bank has to take them, it's a British £5 coin. I have used a few in the past

theo00

​the bank has to take them, it's a British £5 coin. I have used a few in t … ​the bank has to take them, it's a British £5 coin. I have used a few in the past



Wrong. Read the Royal Mint's own definition of "Legal Tender" in Master G's link above.

Wrong advice on this thread

commemoratvie coins are only worth what someone is willing to pay for it. having watched Fake Britain recently , this came up, a £485 half sovereign coin was only worth £15 based on the metal and not the stated value

why are you all going on about legal tender, who in their right mind would buy this to spend?

it's something to collect and if it ever gets to the point when you need that £5 to survive, I suggest locating your nearest bridge..

no, you can't spend it. you may beg a bank to accept it.
what you can, is pay a fine using this coins... useless, all of them, even pure silver ones, which I own and stuck with them.

I bought the 2011 British legion coin for £5 and sold for £20

DO NOT use the Westminster collection. They lure you in with this then bombard you with junk mail and phone calls. Not a great company to deal with imo.

Original Poster

Babbler

DO NOT use the Westminster collection. They lure you in with this then … DO NOT use the Westminster collection. They lure you in with this then bombard you with junk mail and phone calls. Not a great company to deal with imo.



Do people really use their private email address when buying or subscribing to anything ? with so many possibilities for free email, I didn't realise anyone would still do this. And phone number ? why give that to any company ?

Babbler

DO NOT use the Westminster collection. They lure you in with this then … DO NOT use the Westminster collection. They lure you in with this then bombard you with junk mail and phone calls. Not a great company to deal with imo.


absolute rubbish, worst you get is a junk mail letter about coins in the post, once every few weeks.. which is easily stopped and probably interesting to coin people anyway

This is really nice gift. Perfect for a christmas present (i know waaaay too early but have to jump on bargains) and something nice to add to a collection. Nice find OP!

P.S. for things like these and worrying about "Junk" I use the Gmail Alias trick:
http://lifehacker.com/144397/instant-disposable-gmail-addresses

Perfect to filter out

leewills8

​It's worth £5 . That is the face value. And banks and crown post offices … ​It's worth £5 . That is the face value. And banks and crown post offices will accept them.



​no, no and no. they won't.

Couchwarrior

Do people really use their private email address when buying or … Do people really use their private email address when buying or subscribing to anything ? with so many possibilities for free email, I didn't realise anyone would still do this. And phone number ? why give that to any company ?



​same goes with birthday, never give out your real one unless legally required to do so...

£25?

I came back from Jersey this time last year with pound notes which are also only "legal tender" in Jersey. My bank, HSBC, were happy to let me pay them into my account and would have exchanged them for UK coins too. Other banks' policies may, or may not, vary.

worth absolutely zero.

"the coin is legal tender so you can spend it"

Great information, voted cold. Most places will not accept this.

JUST DONATE a fiver if you can............

They are selling you a piece of metal for £5 knowing that most of the coins will never see Jersey . About £4+ profit for the company
If everyone cashed them in on Jersey the company would make a loss.
Edited by: "DELOS" 2nd Oct 2016

jdbigguy

It's a rubbish deal because the coin has no value except in Jersey. If … It's a rubbish deal because the coin has no value except in Jersey. If you want to give to BL then send them the £5 direct.



I agree, if you have to fly out to Jersey to ever see your initial £5 it kind of means its worthless in real terms. Donate directly to charity and you'll have a similar result ie not really ever see that £5 again.

Banned

how much profit do you make on this coin if you use it as investment for 5 years say

same coin posted back last year so not really voted.
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