Date: 28-03-24  Time: 19:15 pm

Author Topic: Old coins  (Read 2259 times)

Panthor

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Old coins
« on: 02 September 2015, 03:45:56 pm »
Just wondering if anyone hear would know what I can do with old coins (shillings, 2 shillings, six pences). Was sorting out my grandfathers house and have found hundreds of these coins. Can they be exchanged?

BBROWN1664

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Re: Old coins
« Reply #1 on: 02 September 2015, 03:48:59 pm »
the Bank of England can exchange them. Coin collectors will buy them too.

Probably worth working out what the old face value of them was and decide of its worth the agro or just keep them in a picture frame as a reminder.
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BBROWN1664

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Re: Old coins
« Reply #2 on: 02 September 2015, 03:58:57 pm »
nicked from another web site
Very worn coins of Victoria and later may be worth no more than bullion value.

On 7th March 2015 silver bullion was $15.19 per oz (£10.10). The shilling prior to 1920 contains 0.1682 oz of silver, and this gives a bullion value of about £1.70 or US$2.55.

Shillings from the period 1920 to 1946 contain 0.0909 oz of silver and thus have a bullion value of £0.92 or US$1.38.

Please note that the silver price and exchange rates fluctuate
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Panthor

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Re: Old coins
« Reply #3 on: 02 September 2015, 04:45:39 pm »
Thanks, had a look through and nearly all are after the year that they were made from silver, I'll look into the Bank of England route as there's about 800 2 shillings so that must be worth a bit if they will exchange

lew600fazer

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Re: Old coins
« Reply #4 on: 02 September 2015, 05:25:54 pm »
When my Nan died in the 1970's my aunt found a biscuit tin under her bed. When they opened it there was just over a £1000 in old white £5.00. Took them to a bank and told they might as well use them for lighting the fire as there is a time scale for a surrender value, they were passed around the family for keepsakes. The real annoying thing is that for years my Nan went short and always just managed to get by. My Uncle, dad's brother, said the money came from my dad over the years when he was away at sea he used to make an allotment to my Nan. My Nan just saved it?? and did not tell anyone it was there. My dad was the youngest of a big family and died when we were just kids. I asked my Uncle why my Nan did not then give the money to my mum as she struggled to bring us up. Turns out my Nan did not like my mum and the feeling was mutual.
Old saying you can choose your friends but not a lot you can do about family. Still saying that me uncle used to slip me mum a few bob now and then.
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SEPTIKANGEL

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Re: Old coins
« Reply #5 on: 02 September 2015, 08:02:57 pm »
Correct me if I'm wrong, but 800 x 2/- (10p) will give you £80 if you can find a bank to take them?
Check out link with Royal Mint.
http://www.royalmint.com/help/help/how-can-i-dispose-of-demonetised-coins
Worth trying several banks, but like me and Lews family, you may just become an unwilling numismatist  :lol
« Last Edit: 02 September 2015, 08:04:41 pm by SEPTIKANGEL »
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taylor

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Re: Old coins
« Reply #6 on: 02 September 2015, 08:10:02 pm »
melt them down and make something, to remember him by,?
sent from my carafan in tenby, ;)

BBROWN1664

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Re: Old coins
« Reply #7 on: 02 September 2015, 08:24:19 pm »
Took them to a bank and told they might as well use them for lighting the fire as there is a time scale for a surrender value,

I think the bank of England still exchange them
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YamFazFan

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Re: Old coins
« Reply #8 on: 02 September 2015, 08:31:01 pm »
Correct me if I'm wrong, but 800 x 2/- (10p) will give you £80 if you can find a bank to take them?


But wasn't a shilling worth 12d?. Therefore 2 shillings=24d, multiply by 800=19200, divide by 100= £192 :think...or have I got something wrong there? :lol :lol.

chaz

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Re: Old coins
« Reply #9 on: 02 September 2015, 08:48:47 pm »
yes you've got it wrong YamFF lol,  the two shilling coin or florin was the first decimal coin i.e. 10 to the pound, so a shilling is twenty to the pound 6d, or six pence,  known as a tanner, 40 to the pound, a penny 240 to the pound.
Have a look on ebay to see what they are selling for?

chaz

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Re: Old coins
« Reply #10 on: 02 September 2015, 09:08:58 pm »
I've had a quick look on ebay (completed listings) and post 1937 (non silver) in fine or mint condition can get 1 or two pounds each, a job lot of 60 two shilling coins made £1.90 + £3.30 P&P (less fees 14%ish), might be worth a go say lots of 10 coins you might have some rear ones?

chaz

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Re: Old coins
« Reply #11 on: 02 September 2015, 09:14:47 pm »
there's an old white £5 note at £34 and a day to go, did you light the fire with yours lew600 fazer?

7omly

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Re: Old coins
« Reply #12 on: 02 September 2015, 09:46:24 pm »
Try this site, it might be of some help.
www.millersantiquesguide.com and scroll down to the coins section. Good luck.
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mtread

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Re: Old coins
« Reply #13 on: 02 September 2015, 10:19:45 pm »
I had the same from a deceased uncle a few years ago. You need to grade them by condition. Collectors will keenly buy up the ones in fine condition. Sold mine individually on Ebay and made much more than face value. The heavily worn ones might not sell.

Val

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Re: Old coins
« Reply #14 on: 02 September 2015, 10:54:07 pm »
Here are the values:

http://www.coins-of-the-uk.co.uk/values/onesh.html

If you are lucky and have some rare ones they can cost anything between £100 and £4000 each, for example shilling Edward VII from 1905  :)



http://www.ebay.co.uk/gds/List-of-the-VERY-RARE-British-19th-and-20th-Cent-Coins-/10000000003239440/g.html
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Punkstig

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Re: Old coins
« Reply #15 on: 03 September 2015, 01:54:12 pm »
There is one major flaw with time travel that nobody mentions-
It doesn't matter how much money you currently have, if you travel back to a time with older currency you'll be skint!

Save the money until you've invented time travel, go back and buy a house, car and motorbike, these will then be worth a lot more  than the current value of just the money!
Some say...