Royal Mint 2011 Olympics £5 coin for £5 with free p&p
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Royal Mint 2011 Olympics £5 coin for £5 with free p&p

123
Found 28th Jul 2011
this years £5 coin for £5 direct from the royal mint (max 4 per household) what else is there to say

123 Comments

why cold,its a zero downside deal.at worst you can look at and put it in the bank and get your £5 back

Ooh, great, got the 2009 and 2010 versions with free postage last year and put them away for the kids. I'll have to add these to the collection!

whitbyfish

why cold,its a zero downside deal.at worst you can look at and put it in … why cold,its a zero downside deal.at worst you can look at and put it in the bank and get your £5 back



So can these be spent like normal money?.

How much are they in the pound shop?

realblender

being legal tender, these are fun to cause chaos with .



Nice one, now I need to buy some, needed a reason, as "collecting them" is completely pointless.


For anyone wondering how this works...
The coins are minted at low cost (maybe 20p) but given the face value of and sold for £5. The mint and government know that the majority of commemorative coins will never end up in circulation thus the £5 value will never be realised. Ok, so they loose some money on postage to you but they (the government / the mint) are probably still in the region of £3.50 profit for every coin sold.
The US State quarters program in America works the same way.

realblender

being legal tender, these are fun to cause chaos with .


I bet the people in the queue behind will LOVE you if you try that. More than likely the assistant make you stand to one side for half an hour while they get the manager to sort it out. Won't be looking too clever then, will you?

Why can't I get to this page via the Royal Mint web site ? I'd hate to be had !!!

are these coins made of mint?

yes, yum yum

pete_l

I bet the people in the queue behind will LOVE you if you try that. More … I bet the people in the queue behind will LOVE you if you try that. More than likely the assistant make you stand to one side for half an hour while they get the manager to sort it out. Won't be looking too clever then, will you?



That's true. I'll be looking awesome

4COSI

Why can't I get to this page via the Royal Mint web site ? I'd hate to … Why can't I get to this page via the Royal Mint web site ? I'd hate to be had !!!



ok found it through the main website but charges delv !!! is the free delv link True !!

CountFilth

For anyone wondering how this works...The coins are minted at low cost … For anyone wondering how this works...The coins are minted at low cost (maybe 20p) but given the face value of and sold for £5. The mint and government know that the majority of commemorative coins will never end up in circulation thus the £5 value will never be realised. Ok, so they loose some money on postage to you but they (the government / the mint) are probably still in the region of £3.50 profit for every coin sold.The US State quarters program in America works the same way.



Close, but not quite. If they did 'sell' them that would be a (micro) form of quantitative easing. The Mint or Government (however you want to look at them) are obliged to 'give' the coins the face value in the same way as all other forms of cash money they produce. To explain it simply they have to take in and destroy the same value of old worn out notes as they produce or you end up with inflation like Zimbabwe. They can not just produce coins and flog them for profit.

It is still a lot more complicated than that, but its roughly right.

You are right that most coins will never be redeemed so the reality is it is removing £5 from circulation in the economy. So for this reason I am voting cold.

Good deal! X)

If it was QE I'd be in.

realblender

being legal tender, these are fun to cause chaos with .


I like your attitude

That will do for the Government for some money to give to another Country or to fight another long expensive non-winnable war.

CHEEPSTUFFRULES!

the reality is it is removing £5 from circulation in the economy. So for … the reality is it is removing £5 from circulation in the economy. So for this reason I am voting cold.

LMAO.

dead money, will never be spent and will never rise in value because will be produced in billion pieces. The State will benefit. anyway they can also be bought at the post office in quantities as soon they will be available and without limit

seriously who buys these ? there never going to be worth more than a fiver , waste of time and money , " ew we lets swap some easily spendable money for some that will take me half hour and an argument with the manager to spend or leave somewhere in the hope one day itll be worth more than a fiver "

if you want to throw a fiver away my 3 year old brother does some nice finger paintings , more chance of them being worth anything than these poxy things

jay_leeds

are these coins made of mint?


X)

They are mint for the Government though.

realblender

being legal tender, these are fun to cause chaos with .


Like when I visit England and pay with NI notes,they are legal but most times the people in shops think I'm trying to fob them off with dodgy money.Now I just change my money to English notes before I leave.

Bought 4, I'll save them and cash in from them in 100 years, remember my words

Aye Cold, Not a deal

Pity its only 4 per household, if there was no upper limit you could buy them on your credit card at face value, cash them in at the bank for "real money" then balance transfer the credit card to a balance transfer offer with low interest for a few years and no silly cash fees from your card supplier (although you would probably pay a balance transfer fee this would be a lot lower than a cash advance fee !!), just my ramblings at 2:30am

If you get one with no date on it then it'll be worth a fortune.

£5.00 for £5.00 great deal... waste of time but still ....

Do these come in plain chocolate flavour? I'm not a fan of mint. Cheers, Dave.

Is there any quidco on this?
Edited by: "AST3R" 29th Jul 2011

You could put a ribbon on them,then all our olympic competitors could have a medal.
Edited by: "antenna" 29th Jul 2011

They never sent me these last time :-(

If they were 2012 Coins then it may be worth getting some, seeing as that is the right year for the Olympics, but being 1 year to go I cannot see much of a demand for them in later years.

Worth a lot more with the wrong date on them.........at least £4.

I think this could be a scam!

The royal mints site looks nothing like this one. Different font, layout (no menu across the top), no product code, no mention of UK only ... This looks a bit cheap, could be wrong but I'm not going anywhere near it. This is the link to the royal mints site for the same thing see what you think.

royalmint.com/sto…spx

tipperman

Pity its only 4 per household, if there was no upper limit you could buy … Pity its only 4 per household, if there was no upper limit you could buy them on your credit card at face value, cash them in at the bank for "real money" then balance transfer the credit card to a balance transfer offer with low interest for a few years and no silly cash fees from your card supplier (although you would probably pay a balance transfer fee this would be a lot lower than a cash advance fee !!), just my ramblings at 2:30am


You lost me after "Pity".....:D

only1

I think this could be a scam! The royal mints site looks nothing like … I think this could be a scam! The royal mints site looks nothing like this one. Different font, layout (no menu across the top), no product code, no mention of UK only ... This looks a bit cheap, could be wrong but I'm not going anywhere near it. This is the link to the royal mints site for the same thing see what you think. http://www.royalmint.com/store/BritishBase/LUKC3.aspx



I think you're right- you can't find this coin if you go direct to the royalmint site and search for it.

seems a fair price
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