''Promise the bearer ten pound's'' \nTen pound's of what? GOLD? Because that's what the coin's used to made out of, I'm wondering if i placed an encashment order for ten pound's of gold would they honer it? or am i way off point with this one?
216577
Originally, the value of money was determined by the intrinsic value of the material the money was made of, such as silver or gold. However, carrying around a lot of precious metal was cumbersome and often dangerous. As an alternative, banknotes would be issued.\n\nIn financial terms, a note is a promise to pay someone money. Banknotes were originally a promise to pay the bearer an amount of precious metal stored in a vault somewhere. In this way the stored value (usually in gold or silver coins) backing the banknote could transfer ownership in exchange for goods or services.
339269
As one of my finance professors so clearly stated it... "In God We Trust".  It is on every piece of paper and coin in the US.  There is no backing or "gold standard" of the almighty dollar anymore.  It is really just a highly accepted form of trade for a common tool for bartering.
129942
It is Pound Sterling (£)\n\nGood Luck!!
356880
Well you got a quarter and a nickel.  Because one of the coins is not a nickel, it is a quarter.  So the other one is a nickel.  Hehehe.... Good one.
143522
None really. In theory there is some gold in Fort Knox and every time money is printed it's secured by the gold. In truth, the treasury can do whatever they want. They have a theoretical endless amount of money. Of course, if they print/use too much money - they'll cause inflation that that in turn will lower the purchasing power of that money so the government should be cautious about that.
580412
http://www.coinbrowser.com/coin.php?cbno=0014907&gclid=CLKInvSG3IUCFQHqJAodwymdNg\n\nThis site has a price guide, but doesn't show a gold dime.  Are you sure it's a dime, and not a dime size gold coin?
7906
that is not enough data. as far as I know all 5$ coins were gold but not sure. I have tons of coin books and will help you if someone doesn't come up with a solution here;;;
515712
Are stamps a form of legal tender? If so, do shopkeepers have to accept stamps as a form of payment? \n\nNo, only Sterling is legal tender in the UK. Shopkeepers are welcome to accept stamps - or anything else, including dollars and euros - but not obliged to accept any form of payment, even Sterling. \n\nLegal tender means that you cannot refuse it as payment for a court ordered debt payment. It is a largely insignificant concept and most people never deal with it in their lives.
273055
Do you know my friend that Numismatics (Coin/Note collection) is a big time hobby and investment too. So would suggest if you are not in desparate need of money then preserve them somewhere this will make this collections valuable in some time. However if you want to get rid of this go ahead and advertise in classified and one the coin collector will love to purchase it at reasonable rate.\n\n\n\nJust one frank question have actually checked what all you have because there is nothing called Bahrain Riyals as it is Bahrain Dinar.
30645
This guy does.- \n\nAccepting answers q\n  \nLADI\n2 weeks ago\n\n1 day(s) left to answer. \n\nReport Abuse\n\n I HAVE A 1943 SILVER PENNY AND I WOULD LIKE TO KNOW HOW MUCH IS IT WORTH?\n\nYou've already answered this question.  \n \nEmail Question | Add to Watch List
320167
Blimey...there is certainly more to you that meets the eye isn't there Mr Raidehz??!! Am completely ignorant on all things business/stock etc...so have to compliment you as I'm sure its all pukka..what you says sounds completely confident and from someone who really knows his stuff...\nSo - a question for you: If I had @ £10,000 to invest, what is the best thing for me to invest it in right now to virtually guarantee good payback within a relatively short timespan......?
549548
Coins, of all denominations, are legal tender all over the United Kingdom, with certain caveats. \n1p and 2p coins are legal tender up to the value of 20p; \n5p and 10p coins are legal tender up to the value of £5; \n20p and 50p coins are legal tender up to the value of £10; and \n£1, £2, £5 (rare and commemorative) and gold coins of the realm are legal tender to any denomination.
166241
Very few folks in medieval times could read and math was used primeval by the merchants, doctors and scientist and men who tried to turn things into gold. If you have ever heard the expression Bakers Dozen it comes from this time. Some bakers would give their customers fewer things then they paid for knowing that they could not count. When the people realized this they complained to the Kings officers. When told of this the King decreed that any one caught selling short would be severely punished. So to be on the safe sid bakers gave the people 13 instead of 12 things. Farmers at this time used a basic form of math.   Taylor's used the body to help mesurea. That's where we get the expression an arms lenght. I am not sure how much this was so I will not  got there. Don't forget, you are talking about a time when a years salary was under 10 dollars in to days money. Not to much need for math.
665606
yep, that is what i thought too, that lb is short for libra, so I was a bit confused. I looked it up\n\n"A pound is always written as "lb" to prevent confusion with pound money "£". It is very old, traced back to the Roman "libra" (which explains its abreviation!). It was defined in England since Ethelred the Unready (968-1016). In fact, a pound (money) was originally a pound (weight) of silver, and the symbol for pound (money) £ is a stylised L."
599170
A penny with a hole in it is worthless because you can't spend it, so it is hopeless - there's no help for it since you obviously can't fix the hole in the penny. That's what it means. I don't know the origin though - sorry! Will look it up first and I'll get back to you if I find it.
291458
They don't issue 24K gold, as it is too soft.\n\nIt can be 24K plated, but you should be able to twist it with ease.
118402
Seems a bit of a daft situation and one theat needs to be looked at.\n\nBusinesses can refuse legal tender just as they can refuse to sell you anything at all. There is no obligation on a business to sell goods or provide a service (other than certain statutory ones).