Large Amount Current Coinage

[Kipella]

Frankly I am seeking revenge. Someone conned me out of money when I was ill and at my lowest and the long and short is that I now owe £6000.
(In law I do, but in reality she owes me that much ..... and more.)
I reluctantly accept that there is no way round this and wish to pay her in mixed coinage.
Clearly the amount would have to be verified but how can I get hold of such a large amount of coins. Will a bank provide me with a verified sealed box
Of coins so that I can deliver it. Or does anyone have any other solution please.

[jackthehat]

You could order coinage from your bank.
You may have to make several requests as I doubt if they could provide you with that much all at once.
Have you considered just how heavy it will be?
You may have difficulties in delivering it....

[sunny-dave]

I'd set up a standing order for (say) £10 a day - you'd know it was going to add up to the exact total ...she'd go mad counting the payments ...

[sunny-dave]

Actually that's too easy for her to add up - I'd just make many interbank transfers for apparently random amounts at random intervals over a period of a few weeks... then let her use a calculator ...

[Flonska]

Also, There are also limits on the amount of coins that may be regarded as "legal tender." I believe the limits are:-

£5 in 5p or 10p coins,
£10 each in 20p and 50p pieces

Payment(s) made using these coins above the limits for a single transaction may simply be refused to be accepted under the Coinage Act 1971.

You can, though, pay any amount in £1 and £2 coins.

[jackthehat]

Flonska - That is 'over the counter' payment between private individuals it does not hold true.

[New Judge]

You need to ensure you do not fall foul of the “Legal Tender” rules.

If you owe somebody money and you offer to pay them in the way you describe, there is a limited amount that has to be accepted in coinage. These are:

£2 – no limit
£1 – no limit
50p - not exceeding £10
20p – not exceeding £10
10p – not exceeding £5
5p - not exceeding £5
2p – not exceeding 20p
1p - not exceeding 20p

So, without using £1 and £2 coins, the most you can pay (without the agreement of the person you owe the money to) is £30.40. If you only offer to pay by coinage in excess of these amounts your offer can be refused, the debt remains and you can face County Court action for recovery of the debt.

The new £1 coin weighs 8.75 grams. Six thousand of them will weigh 52.5 kilograms (or just over one hundredweight in old money).

[jackthehat]

I obviously stand corrected........ :o)

[New Judge]

“Flonska - That is 'over the counter' payment between private individuals it does not hold true.”

Yes it does, Jack. The legislation is specifically designed to prevent people attempting to settle debts in the way Kipella proposes. The creditor cannot be compelled to accept coinage above the limits I provided. Here’s an article from “Treasury Today” which provides a perfect example:

http://treasurytoday.com/2012/05/bizarre-coinage-act