| UNDER English law debts must be settled in “legal tender”. |
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| UNDER English law debts must be settled in “legal tender”. If coins are used, the Coinage Act 1971 imposes conditions. For example, coins of cupro-nickel or silver exceeding ten pence are acceptable to pay amounts up to ten pounds, coins from those metals worth less than ten pence for a debt up to five pounds, and bronze coins for debts up to 20 pence. Having been refused credit at an electrical store in Rio de Janeiro in 2002, Enesto Torres do Couto has just exacted his revenge. He recently revisited the shop, bought a variety of items and paid for them with 32,052 coins. It took 11 shop assistants almost three hours to count the coins. Perhaps Mr Couto left the shop singing Love Me Tender |
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