This is the very point that you have still failed to grasp. If you look at the legal definition of legal tender you will see that they are radically different.
You are not alone in this. There is widespread public misconception of what the term actually means.
Chris
They are part of the UK monetary system.
Chris
IIRC, there is essentially only one edition of English banknotes in circulation at any one time. When they introduce a new design, the old notes are gradually withdrawn (presumably collected by the banks), and after a few months they are no longer legal tender. If you find yourself with an old design, the only place legally obliged to accept it is the actual Bank of England, in Threadneedle Street, who will exchange your old note for a new note. If you're lucky, it will be handed to you personally by the Chief Cashier, Andrew Bailey (who is the one who promises to pay you).
That is the answer. It doesn't need to be legal tender, because legal tender doesn't mean what you think it means. Paper money can work pefectly well without being legal tender, as Scotland demonstrates.
Mark
Shouldn't that be "big tossers"?
You English are just jealous of our big cabers.
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Another incorrect assumption on l/Cpl Scott's part.. Who said I was English?
No they are not.
__ PR
The shopkeeper's CCTV. Which would be disabled while a scam was in progress.
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Why should that be?
The link above on the BBC says "But that remains as legal tender until a withdrawal date is set by the Bank." Yet the Bank of England says they will ALWAYS be legal tender accepted at the Bank of England:
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Did you know that an anagram of "Major Scott" is " Mac Jots Rot" ?
Quite fitting, isn't it?
:o)
A bus driver in Portsmouth; you must be Polish.
Jeff
Bahut bahut shukariah.
Ah, right, it's Welsh then, is it?
;-)
There is a good possibility of these notes becoming collectors items in the future and worth a bit more than £50. Look at the old white fivers. Most people couldn't afford to have a fiver in their pocket. I'd put one away.
Since you are the only person who has suggested such a thing, I can only assume that by "the loonies" you are referring to yourself.
You are being overly pedantious.
It's a thing what is legal to buy stuff with, ok? Everybody uses it, you can't say it isn't legal tender.
Then they should be accepted anywhere in the UK. Why is our cash system so disjointed?
A few months? I don't think so.
Then why have the definition at all?
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