Once again the statement has been made by the Royal Mint that The 'Legal tender' commemorative crowns they produce are not acceptable by banks or for use as currency. This makes a mockery of the whole British monetary system. Collectors, on the whole, knew this but youngsters and gift giving elderly people did not. Fraud perhaps? One thought that has just been conveyed to me. Do we now have a prospective future issue to be countermarked with a greyhound or portcullis? Alternatively, if they are not legal tender, then there is no reason why anybody can't gert a job lot made in China for 10p each and flog them at a huge profit. If not legal tender, then this would not be illegal, methinks. ---- Legal tender has a very narrow and technical meaning in the settlement of debts. It means that a debtor cannot successfully be sued for non-payment if he pays into court in legal tender.It does not mean that any ordinary transaction has to take place in legal tender or only within the amount denominated by the legislation. see more http://www.predecimal.com/forum/topic/10550-royal-mint-again/#comment-137390
