Which coins are valid in the UK?

What British coins are out of circulation?

More than £28bn in old fivers, tenners, £20 and even £50 notes have not been cashed in. The paper £10 and £5 banknotes are no longer legal tender – while paper £20 and £50 notes cannot be used after September 2022.

What 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.

Which pound coins are valid?

The older UK pound coin was demonetised on the 14th October 2017. Banks still accept the older £1 coins. See this page for the 1983 – 2016 round £1 coins. Six 12-sided £1 coins have been issued (2016, 2017, 2018, 2019, 2020 and 2021).

Are old coins still legal tender?

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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 A spokesperson told the BBC : “All genuine Bank of England banknotes that have been withdrawn from circulation retain their face value for all time.”

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What coin is most circulated UK?

The 50 pence is Britain’s most collectable coin and provides the ideal canvas for commemorative designs – with more than 50 different versions released into circulation since 1969. The famous 2009 Kew Gardens 50p remains the most coveted coin in circulation, with a mintage of just 210,000.

Are old UK coins still valid?

The old £1 coin went out of circulation in October 2017 and has been replaced by a thinner, lighter 12-sided coin. The old round coins are no longer legal tender, and shops, restaurants and other retailers aren’t accepting them.

Is paying in pennies legal?

While federal law states that coins are legal tender, it does not compel anyone to accept them. If a business doesn’t want to take pennies — or a $100 bill, for that matter — it has a legal right to refuse them. So why does the government keep the penny around? The answer is simple: sales tax.

Can I pay a fine in pennies UK?

Amazingly the British Coinage Act (1971) states that 1p and 2p coins are only legal tender up to the value of 20 pence. However, you can use more coins if the person you’re paying is willing to accept them.

Will HSBC accept old pound coins?

HSBC is taking a “common sense approach” and while it offers essential counter services at this time, where customers have these coins and have an essential need to exchange, then they will be able to do so. Customers can continue to bring old £1 coins to branch. … HSBC won’t accept old coins from non-customers.

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Can I still use 2 pound coins?

Are They Legal Tender? Old £2 coins, specifically the single-colour commemorative versions, are legal tender. The term ‘legal tender’ is quite a specific term that means coins or banknotes that must be accepted if offered in payment of a debt.