CG78309 - Currency: coins: chattels

Coins (including pre- 1837 sovereigns) which are not legal tender are not currency. They are chattels and qualify for the chattels exemption in TCGA92/S262. A gain on such a coin is therefore exempt if the disposal consideration does not exceed the limits in CG76575. You should bear in mind the possibility that the disposal of more than one coin may constitute the disposal of a `set', see CG76630+.

The chattels exemption does not apply to coins which are non-sterling currency, TCGA92/S262 (6)(b).