I had a disagreement with a customer today, as I refused to accept a pound coin from the Isle of Man as payment. I always thought that coins that had Isle of Man, Gibraltar or the name of any other British dependency on them were not legal tender in the UK. Am I right?
George
You are right, it is up to you whether you want to offend your customers or not. Presumably if a customer was holding an IOM coin, he/she will have connections with the island and I can understand offence being taken.
If you go to Scotland and try to pay for something using a Bank of England
5 note, you will not be using legal tender either, but I would bet two chickens that you couldn't find a retailer there who would take your attitude.There's some information on these sites:
I followed the link and was amazed to be honest. That means that unless I use anything but coins it is not legal tender?? (I Live in Scotland). I was born and Bred in N. Ireland, and glad to know the irishness lives on that none of our notes is legal tender anywhere :)
Very interesting links. Thanks for that!
The company I work for accepts any money that is Sterling, which includes Bank of England, Bank of Scotland, and Northern Irish notes etc. Am I correct in thinking that Manx Pound coins are not Pounds Sterling? Their currency is Manx Pounds, although Sterling is accepted on the island. The Falkland Isles and Giblratar also have their own Pounds which are not sterling, but the coins are identical in shape, size and on one side, but different on the other.
George
As far as I am aware they are all valued the same. certainly a manx pound is worth 100 Uk Pence.
But UK banks will give you the same value in UK money, and that's what's important.
cd
Do they still have those plastic pound notes?
At the moment they do, but they needn't.
I dont know, remind me next monday because I'm going to the IOM on Tuesday!
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