Can £5 coins be used to buy things?

I've got 3, 5 pound coins in my possession but I've been told shops don't accept them. Is this true? Would I be able to deposit them in a bank or should I keep them?

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Reply 1

King4eva

iGurpreet

I've got 3, 5 pound coins in my possession but I've been told shops don't accept them. Is this true? Would I be able to deposit them in a bank or should I keep them?

dont think so but ill buy a coin off you for 4.99...deal?

Reply 2

alex_hk90

iGurpreet

I've got 3, 5 pound coins in my possession but I've been told shops don't accept them. Is this true? Would I be able to deposit them in a bank or should I keep them?

Banks would probably take them but I think some of them are worth more than £5 so maybe you should check if you could sell yours for more first.

Reply 3

TjB7190

id keep hold of them they might be collectables if the royal mint change their mind on them the could be worth 20x there value in 10 maybe 20 years

Reply 4

Good bloke

£5 coins are legal tender. Banks definitely will, and shops should, accept them. I've never seen one, though, and I doubt many shops have, so this might not always work.

If they have just lain around in your pocket and are not in mint condition they are unlikely to be worth more than face value.

Reply 5

King4eva

TjB7190

id keep hold of them they might be collectables if the royal mint change their mind on them the could be worth 20x there value in 10 maybe 20 years

hey **** off you ruining my plan lol

Reply 6

tamsss

i know some shops accept them, i used one in boots a few weeks ago. i tried to get some changed at banks as well - natwest will let you deposit any design into your account, but at nationwide they could only accept someof them which were on a list. bit rubbish really.

Reply 7

JannieC

These were minted for the Queens jubilee etc. There face value is £5 and Post Offices and Banks will accept them and give you a note in replacement.

BUT! Some are becoming quite sort after as collectables - depending on the occassion for which they were minted. I think the Charles/Diana ones fetch the most. These, with there proper, original, cases can fetch more than there face value. Might be worth checking out collectables on ebay to see if any have been around for auction recently.

The condition, and original case, will reflect in the value. The minimum you should get is of course, £5.

Reply 8

Crushy

I've used one in a co-op before... Maybe not such a good idea looking at these collectable ideas.

Reply 9

Cowberg

Good bloke

£5 coins are legal tender.

http://uk.youtube.com/watch?v=CLPyPJTwEC4

Reply 10

TjB7190

LMFAO

hes good ******* good :rofl2:

Reply 11

shuvle

yes, you can spend them.

Reply 12

AnythingButChardonnay

Legal tender means very little. All it means is they can be used to settle debts. Shops can accept what they like as payment.

I wouldn't spend them if I were you. Keep 'em.

Reply 13

rapha

I didn't even know £5 coins existed. :s-smilie:

Reply 14

Sick Puppy

I've tried to buy a drink with a £5 coin the other day in boots actually and the cashier brought the manager over because he didn't think it was real money. They then got stroppy because they asked if I had any other money and all I had was a £50 note! I've always wanted a £50 note and when I finally get one, they wont let me use it :frown:

It's too nice to put in the bank though so I think I may just keep it for a while :yep:

Reply 15

iGurpreet

Thanks. They have got a few small scratches on probably from shaking around in my money box. Ones from the year 2000 with the queen mother on, ones from 2001 with a young faced queen on I think saying 1901-2001 and the last is from 2002 with an old aged queen on it. Where can I get them valued or should I just bank them because the coins arn't in perfect condition?

Reply 16

Good bloke

The scratches mean they are extremely unlikely to be worth more than £5.

Reply 17

Hedgeman49

Definitely keep them, preferably in as good a condition as possible. Coin collectors like myself would relieve you of them if you so desire - PM me if you want to sell them.

Reply 18

SuicideCommando

rapha

I didn't even know £5 coins existed. :s-smilie:

Nor I!

Reply 19

Good bloke

Hedgeman49

Definitely keep them, preferably in as good a condition as possible. Coin collectors like myself would relieve you of them if you so desire - PM me if you want to sell them.