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Are five pound coins still legal tender

are five pound coins still legal tender

The Five Pound Coin was first issued in , in earlier years the coins were known as crowns and had a face value of just 25 pence. Some banks may accept them at their own discretion, but in truth it remains somewhat unlikely. If you really want rid of your commemorative coins. Old five pound notes, tenners and pound coins are no longer legal tender, but note and the old £5 note are no longer in circulation, but if you still have some, of old five pound notes that will soon no longer be legal tender. are five pound coins still legal tender Those 5 pound commemorative coins that the Royal Mint releases are, in fact, legal tender. For example, the 1p and 2p coin are only legal tender up to a value of 20p. Sometimes the Royal Mint will sell the coins in a set or with a case, so the total will cost more than 5 pounds. Post Offices will accept 5 pound coins in exchange for goods and services. The answer to the Scottish argument is this: Scottish banknotes are legal currency throughout the UK; this is very different to legal tender. The same rules about spending a 5 pound are five pound coins still legal tender also apply to spending a British crown.

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5 comments so far

Viraj MPosted on 10:12 pm - Oct 2, 2012

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