Can I pay for that with cash?
>> Tuesday, September 17, 2013
I stumbled across a youtube clip where an Australian tries to pay a fine, in 5 cent coins. I started to read around the comments where lots of people were saying it's legal tender, so I looked up 'Legal Tender' it turns out it isn't.
In fact you probably can't pay for 'that' in coins and given the rate of inflation unless the legislation is changed to reflect it we'll be struggling to pay for much at all in coins soon.
In the UK it is covered by the Coinage Act 1971 and the Currency Act 1983
"Subject to any provision made by proclamation under section 3 of this Act, coins of cupronickel, silver or bronze shall be legal tender as follows:
(a)coins of cupronickel or silver of denominations of more than 10 pence, for payment of any amount not exceeding £10;
(b)coins of cupronickel or silver of denominations of not more than 10 pence, for payment of any amount not exceeding £5;
(c)coins of bronze, for payment of any amount not exceeding 20 pence"
But you can spend your £1, £2 and £5 as you like:
"(1)Gold coins shall be legal tender for payment of any amount, but shall not be legal tender if their weight has become less than that specified in Schedule 1 to this Act, or in the proclamation under which they are made, as the least current weight."
The Australians are more controlling about it. No surprise there, if you think our government systems are 'jobsworth' you really should try to deal with theirs.
They have the Currency Act 1965 with minor amendments 1980 and 1981:
So for $1 coins you can only spend $10 and $20 in $2 coins.
Have a look and see what you think. But don't go trying to pay for so much as a screwball with more than 20p worth of tuppences or you might also find yourself having a similar conversation with the hokey pokey man.
0 comments :
Post a Comment