Did you know...?

[Guest NeoN]

I know its only legal tender up to a cirtain amount or we would all pay tax ect with 1p's

[Louise]

As taken off the british royal mint website.......so yes, i do beleive you

 

 

 

Legal tender has a very narrow and technical meaning in the settlement of debts. It means that a debtor cannot successfully be sued for non-payment if he pays into court in legal tender. It does not mean that any ordinary transaction has to take place in legal tender or only within the amount denominated by the legislation. Both parties are free to agree to accept any form of payment whether legal tender or otherwise according to their wishes. In order to comply with the very strict rules governing an actual legal tender it is necessary, for example, actually to offer the exact amount due because no change can be demanded.

 

The amounts for legal tender are stated below.

 

BANK OF ENGLAND NOTES:

 

In England and Wales the £5, £10, £20 and £50 notes are legal tender for payment of any amount. However, they are not legal tender in Scotland and Northern Ireland.

 

COINS:

 

Circulating Coins are legal tender throughout the United Kingdom for the following amount:

 

 

£2 - for any amount

 

£1 - for any amount

 

50p - for any amount not exceeding £10

 

25p (Crown) - 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

 

2p - for any amount not exceeding 20p

 

1p - for any amount not exceeding 20p

 

 

 

 

[fifedjdomo]

BANK OF ENGLAND NOTES:

 

In England and Wales the £5, £10, £20 and £50 notes are legal tender for payment of any amount. However, they are not legal tender in Scotland and Northern Ireland.

181867[/snapback]

 

 

yeah they are!!!

Edited June 10, 2005 by fifedjdomo

[fifedjdomo]

COINS:

 

Circulating Coins are legal tender throughout the United Kingdom for the following amount:

 

 

£2 - for any amount

 

£1 - for any amount

 

50p - for any amount not exceeding £10

 

25p (Crown) - 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

 

2p - for any amount not exceeding 20p

 

1p - for any amount not exceeding 20p

181867[/snapback]

 

open question for anybody!

who do you know who has an actual crown?

i dont know anybody

i do think they'd be useful in our currency circulation, like the american quarter. but ive never seen a crown if they actually exist.

[Guest]

The banks & building societys round here won't accept more than 5 bags in one day of coinage to be exchanged for note!

 

When you've got more than £100 in your brandy bottle it's gonna take along time to swap it all

[Guest]

I did.

[Guest]

you did what?

[Guest]

'Did you know...?' ...

[Guest]

missed that didn't I

 

 

 

[Guest NeoN]

were crowns the coin al the queens sliver jubilee ?

 

if so I have 2 .

[Guest NeoN]

showing ages LOL but I was a nipper back in '77