Check your 20 pence pieces guys

I guess I got a bit ahead of myself. Just got a bit excited with my wandering thoughts and had to clear it up.

Doesn't the fact that £6,250,000 can be generated 'by accident' cause any concern?

Strictly speaking it's £6,225,000 (the value of each coin being sold at £50 - minus their face value / £25,000).

Why should it be concerning ? Lots of things of value are spontaneously produced - becoming worth much much more than the resources used to produce them, hit records, paintings/works of art, brand names, inventions, most of the profit from the financial sector . . . and so on.

It seems strange that something of a defined value not due to any specific characteristic but a sum the Bank of England decides can change value so dramatically as the direct purchasing power will not change yet it is 'worth' more.

People have always collected coins, this wrongly minted coin is something they are interested in and are willing to pay to get one of these into their collection. I can't see anything strange here, all the parts of the system are easily understood.

It is no more strange than the 'value' generated in the financial sector - from essentially nothing.

The London Mint exchange are offering 50 dorrah per 20p given in.

'Given in' sounds a little like a return of the coin, which itself implies (albeit lightly) an official connection.

The London Mint Office (not exchange) is a private company ( http://www.undated20p.com/about.html ) with nothing to do with the Royal Mint - who are offering £50 to buy the coins up, I expect they will then be sold on to collectors for much more - maybe £250 or so (?)

Oh and I had to put a GOD question in there to get tynan's attention, and I had to put "Ignore the last questions" to prevent trolling action.

It worked.

Praise him.