Legal Tender

ballooba

I am reluctantly settling a debt and want to express my distaste through a large volume of coins.

The amount is €130. Anyone know what is the maximum legal amount for each coin I can include?

seamus

Originally posted by ballooba
I am reluctantly settling a debt and want to express my distaste through a large volume of coins.

The amount is €130. Anyone know what is the maximum legal amount for each coin I can include?

There's no maximum. Each coin is legal tender.

Send them 13,000 1c coins if you wish.

Who are you paying?

whosurpaddy

Originally posted by seamus
There's no maximum. Each coin is legal tender.

Send them 13,000 1c coins if you wish.

Who are you paying?

afaik there is a legal limit, over which they dont have to accept. ive no idea what it is though or where ud check it.

feylya

AFAIK, only 24 coins of any value can be used in one transaction.

davej

From googling I got someone claiming that only up to 50 coins have to be accepted in the eurozone.

Whatever the figure is it's probably fair to say that you cannot hand your creditor 13,000 1c coins....

davej

PS: 500 posts woot! :cool:

davej

yep its 50:

Council Regulation (EC) No 974/98 of 3 May 1998 on the introduction of the euro stipulates that within the euro area no party other than the issuing authority and persons specifically named in national legislation is obliged to accept more than 50 coins in any single payment transaction. The regulation does not specify a value.

http://www.bundesbank.de/bargeld/bargeld_faq_euromuenzen.en.php

davej

seamus

Well that sucks. I demand the right to use all my 13,000 1c coins in one transaction!

Stephen

Just get them changed in a bank. i used work in a shop, there was always 1 or 2 muppets like that, insisting on paying for everything with the massive pile of coppers they found down the back of the sofa.

people in the queue behind said muppet get all pissed off at having to queue while yer man counts out his pennies.

Borzoi

Originally posted by ballooba
I am reluctantly settling a debt and want to express my distaste through a large volume of coins.

The amount is €130. Anyone know what is the maximum legal amount for each coin I can include?

Pay them in installments of 50 coins each:D

davej

Originally posted by Stephen
Just get them changed in a bank. i used work in a shop, there was always 1 or 2 muppets like that,

I think you missed the point, he WANTS to be one of those muppets !


davej

Karoma

Originally posted by Stephen
Just get them changed in a bank.

that's just gonna punish some sucker in the bank.. (Unless the €130 is a bank bill) it isn't gonna make them suffer

herbie747

Originally posted by ballooba
I am reluctantly settling a debt and want to express my distaste through a large volume of coins.

The amount is €130. Anyone know what is the maximum legal amount for each coin I can include?

If it's a debt - then you should just pay it.

Why be a spa about it? You owe the money, right?

nlgbbbblth

from working in a Bank I have a strong aversion to people bringing in bags of coin

they usually hold up the queue - yes we do have to weigh the coin.

it was particularly bad for the Euro changeover

I will NEVER understand the mentality of throwing coins in a jar and then emptying it a few months later. The amount of people coming into banks with coins is unreal.

surely if you throw all your change into a jar everyday you are constantly breaking notes?

Dont be at yourself

Strangely enough I went into the bank today with 10 and 20c coins totaling €20 and she didn't even weigh them, just gave me a nice fresh €20 note. To think, there might have only been €19.90 in those bags!

AdMMM

Im sure there'd be no problem if you're paying the debt to a friend. So go for it... finding 13000 1c coins would be hard though! Hope you have a big car!

Hydromonkey

One of my mates owed £150 a few years back to some guy. Somehow, unintentionally, he managed to pay him back with 150 £1 coins. It weighed quite a bit and the person was non too happy about it but really needed the money so had to take it. Funny at the time. Anyway if its a person you owe the money to, as opposed to a business, then go the whole hog

Blisterman

There's a machine which will exchange all your change for cash in the centra in ranelagh. it takes a 7% commision, so it's best to pick out the 1 and 2 euro coins.

Neil3030

It may please you to note that postage stamps are considered legal tender. A mate told me once, adding that his life long dream is to buy a gaf with a truck load of stamps just for the heck of it. I'm sure receiving a box of stamps will piss off the creditor somewhat!

ixoy

I'm forever stacking loads of coins and bringing them into banks to get exchanged for cash. However, it doesn't take that long though because the coins are all sorted already (yes they weigh them anyway). I generally go when I've about €150-€250 to cash in.

Kobie

I will NEVER understand the mentality of throwing coins in a jar and then emptying it a few months later. The amount of people coming into banks with coins is unreal.

Jaysus, if you hate handling money that much get yourself another job - a life in the bank is clearly not for you. Everything you buy in this country seems to land you with a handful of coppers, and I for one couldn't be arsed carrying half a kilo of copper about the place, so in a jar it goes.

seamus

Originally posted by nlgbbbblth
I will NEVER understand the mentality of throwing coins in a jar and then emptying it a few months later. The amount of people coming into banks with coins is unreal.

surely if you throw all your change into a jar everyday you are constantly breaking notes?

Of course you're constantly breaking notes. How else do you pay for stuff? You'd be using a rake of 20's 10's and 5's to pay for anything in this country.

Nothing larger than 20c goes in my jar. Very rarely a 50c might worm it's way in there. Normally it gets filled before and after I go out:
Before - check change in my pocket, take exact change for the bus and strip out the shrapnel (not useful for buying pints). After - Have a shedload of crap change in your pocket from last night, strip out all the small coins, hold back a couple of twenties and throw the rest on thr jar.

I'm not going to spend it, and it'll just sit in my pocket, annoying me.

whosurpaddy

Originally posted by nlgbbbblth
I will NEVER understand the mentality of throwing coins in a jar and then emptying it a few months later. The amount of people coming into banks with coins is unreal.

surely if you throw all your change into a jar everyday you are constantly breaking notes?

why are you so hostile? and whats wrong with this "mentality" seems sensible to me and i do it all the time.

and btw how do you go about yout daily business without breaking notes?

hedgetrimmer

Originally posted by nlgbbbblth
from working in a Bank I have a strong aversion to people bringing in bags of coin

they usually hold up the queue - yes we do have to weigh the coin.

it was particularly bad for the Euro changeover

I will NEVER understand the mentality of throwing coins in a jar and then emptying it a few months later. The amount of people coming into banks with coins is unreal.

surely if you throw all your change into a jar everyday you are constantly breaking notes?

Personally, it makes me more conscious of the moeny I am spending, and last time I cashed in my jar, I had €700 in it - enough for a good weekend away that

ballooba

Originally posted by herbie747
If it's a debt - then you should just pay it.

Why be a spa about it? You owe the money, right?

Because some 'wans' are sueing me.

Kobie

For €130?

Dman_15

Really piss him off and pay with stamps.
as far as i know they are legal tender

Sleepy

A friend of my family used to be a legal secretary for a solicitor in Dublin. When a client's divorce didn't go as well as he expected, the guy wheeled a wheelbarrow full of £1 coins into the lobby and tipped them all over the floor to settle his solicitors bill. At the time, they had to accept it as it was legal tender.

Check out the situation on the stamps. It'd be a great means of revenge. ;o)

Samson

Stamps are NOT legal tender.

Draupnir

Yeah they are David Brent said so.

nlgbbbblth

Originally posted by whosurpaddy
why are you so hostile? and whats wrong with this "mentality" seems sensible to me and i do it all the time.

and btw how do you go about yout daily business without breaking notes?

I'm curious not hostile
thankfully I don't work in branch banking anymore

When I'm paying for something I try and get rid of as much of my coins as possible - only breaking notes when I dont have enough coins

I would imagine that there are plenty people handing over €20s for small purchases, getting coin back in change and this adding to the coin they already have in their pockets which would probably have covered the purchase in the first place.

leonotron

Oh god, I'm sorry for not thinking of you when I bring my coin into the bank. I apologise for you having to do your job.
Maybe the queue is held up because bank workers are usually really slow and with chips on their shoulders.

Originally posted by nlgbbbblth
from working in a Bank I have a strong aversion to people bringing in bags of coin

they usually hold up the queue - yes we do have to weigh the coin.

it was particularly bad for the Euro changeover

I will NEVER understand the mentality of throwing coins in a jar and then emptying it a few months later. The amount of people coming into banks with coins is unreal.

surely if you throw all your change into a jar everyday you are constantly breaking notes?

[CrimsonGhost]

Jesus H. Christ. Don't be such a muppet. Banker take their time with their jobs because if they make a mistake the punters will be the first ones to come down on them like a ton of unused coins.

I'd much rather have a banker take 3 or 4 minutes to carry out a transaction 100% accurate, than rush it through in 20 seconds and botch it.

Originally posted by leonotron
Oh god, I'm sorry for not thinking of you when I bring my coin into the bank. I apologise for you having to do your job.
Maybe the queue is held up because bank workers are usually really slow and with chips on their shoulders.

slave1

I will NEVER understand the mentality of throwing coins in a jar and then emptying it a few months later

i never carry coins of any amount, with a wallet, keys, mobile thats enough without all that jingle jangle, they all go into a rather large jar

ps on the coins front I presume you will unbag the coins, just dump the money and leave

vector

I use 1, 2, and occasionally .5 but anything smaller goes into a jar.
This jar is now full of coins, obvoisly I want to lodge it.
What would the bank (BOI) like me to do?

Their quicklodge envelopes say "no coin", their cashiers don't want to count it,
If I bag it will they accept it at the counter willingly?

Nuttzz

Originally posted by vector

If I bag it will they accept it at the counter willingly?

yep, they will weight the bags to make sure your not telling porkies though!

vector

I just noticed that the AIB quicklodge envelopes dont forbid coins, in fact there is no mention.