Coinage Act, 1926

Legal tender in silver, nickel, or bronze coins.

5.—(1) A tender of payment of money if made either in silver or bronze coins issued by the Minister under this Act and not called in under this Act or partly in such coins and partly in British coins or wholly in British coins shall be a legal tender, in the case of silver coins for a payment of an amount not exceeding forty shillings but for no greater amount and in the case of bronze coins for a payment of an amount not exceeding one shilling but for no greater amount.

(2) A tender of payment of money if made in nickel coins issued by the Minister under this Act and not called in under this Act shall be a legal tender for a payment of an amount not exceeding five shillings but for no greater amount.

(3) In this section the expression “British coins” means silver or bronze coins issued under the Coinage Acts, 1870 to 1920 in the late United Kingdom or in Great Britain and neither called in under those Acts in the late United Kingdom or in Great Britain nor declared by order under this Act to have ceased to be legal tender.