Property News · May 16, 2012

What can you pay for with 1p and 2p coins? Not an £800 bill …


A man has been sued for attempting to pay a large bill with coppers. Where did he go wrong?A care home manager has been ordered by a judge to pay a total of £1,118.62 after he tried to settle an £804 debt to his accountant with five crates of mostly 1p and 2p coins. He had been to the bank especially, he said: be glad that you weren’t behind him in the queue. So what did Robert Fitzpatrick, the care home manager, do wrong?This might come as a surprise, but according to the Royal Mint, 1p and 2p coins are legal tender only if you are paying for something costing 20p or less: once you have amassed 21 or more 1p pieces, your coins contravene the Coinage Act 1971 if used in a single transaction. Even if you are buying penny sweets. Continue reading…

Source : theguardian.com
Read more…What can you pay for with 1p and 2p coins? Not an £800 bill …

You may also like...