Are old 50p pieces still legal tender?
1. Re: OLD Large 50 pence coins: Are they still spendable in UK? No, or at least no-one’s obliged to take them and they aren’t legal tender. Per the Royal Mint: “Smaller version introduced September 1997 (Larger version introduced October 1969, demonetised in 1998)”.
Are old British coins still legal tender?
No: The old round £1 pound coins are no longer legal tender since 15 October 2017. You cannot use them to make a payment, but most UK banks still allow their customers to pay the old £1 pound coins in their bank account. Another way to cash in your old £1 pound coins is to send them in for exchange by post.
Can I exchange old 50 pence coins?
If you’re looking to exchange old banknotes in return for useable money of equal value, your best bet is to send it directly to the Bank of England. The Bank of England will honour every banknote that has ever been issued by them, regardless of how long ago it ceased to be legal tender.
When did the old 50p go out of circulation?
In 1997 the 50p coin was reduced in both diameter and thickness and the older coins were removed from circulation. The new coin was introduced on 1 September 1997. The old larger coin was withdrawn on 28 February 1998.
Which 50p coins are legal tender?
Only 50p coins of the smaller format, dated 1997 to date are current legal tender.
Is the 1986 2 pound coin legal tender?
The original single-colour £2 coin, first issued in 1986, was a commemorative issue only (see below for a list of the subjects) and while it is legal tender, that does not mean retailers or even banks are obliged to take it as payment.
Can old UK pound coins still be exchanged?
Top Money Stories Today Although the older notes cannot be used as legal tender, the Bank of England will accept them. A spokesperson told the BBC : “All genuine Bank of England banknotes that have been withdrawn from circulation retain their face value for all time.”
Which UK coins are still legal tender?
What are the legal tender amounts acceptable for the United Kingdom coins?
- £5 (Crown) – for any amount.
- £2 – for any amount.
- £1 – for any amount.
- 50p – for any amount not exceeding £10.
- 20p – for any amount not exceeding £10.
- 10p – for any amount not exceeding £5.
- 5p – for any amount not exceeding £5.
When was the last 50p coin legal tender?
Only 50p coins of the smaller format, dated 1997 to date are current legal tender. Specifications of the current 50p coin are shown at the bottom of this page. Details of all 50p coins are shown on separate pages, linked to below (click on text to see details for that date.
Which is British coins are still legal tender?
British decimal general circulation coins that are still legal tender include – All years of issue from 1971 of the 1 New Penny and 1 Penny coins. All years of issue from 1971 of the 2 New Pence and 2 Pence coins. The smaller 18mm 5 Pence coins issued from 1990.
Is it legal to refuse to pay 50p coin?
However, the old-type small coins are still legal tender. Twenty pence and fifty pence coins are legal tender only up to the sum of £10; this means that it is permissible to refuse payment of sums greater than this amount in 20p and 50p coins in order to settle a debt.
Can a demonetised coin be exchanged for legal tender?
A demonetised coin, on the other hand, has no intrinsic value, as it is not guaranteed that it can be exchanged at face value for legal tender. If you leave demonetised coins as tips you are essentially leaving your waiter or waitress worthless pieces of cupronickel.
