Ghenghis

Checking the payment

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It is my understanding that the only legal tender in UK is the £1 and £2 coin plus small amounts of silver and copper coinage.

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However, what actually is "legal tender" and what people will accept as payment are two totally different things.

If the shops won't take the notes then why would a WG want to accept them?

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It is my understanding that the only legal tender in UK is the £1 and £2 coin plus small amounts of silver and copper coinage.

But Bank of England notes are legal tender in England & Wales - not the rest of the UK.

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I'm glad, I hate those notes. They're never crisp and when I'm sorting out my pennies there's always an odd one or two, never 5 to make a pile :D

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I'm glad, I hate those notes. They're never crisp and when I'm sorting out my pennies there's always an odd one or two, never 5 to make a pile :D

Lol me too, I definitely have a preference for crispy notes! And shiny coins. The bf tells me I'm a magpie as I shamelessly hoard particularly shiny coins and even pinch them off him because 'they're pretty'. Denomination doesn't matter, I get just as excited about a shiny 2p as a pound.

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Talking of payment, if you had a guy booking an hour at £120 an hour, and paid you in full with 60 x £2 coins, would you accept this, especially as he had said he really enjoyed the booking and wanted to hire you for an overnighter at £800, and said he had plenty more £2 coins at home.

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Lol me too, I definitely have a preference for crispy notes! And shiny coins. The bf tells me I'm a magpie as I shamelessly hoard particularly shiny coins and even pinch them off him because 'they're pretty'. Denomination doesn't matter, I get just as excited about a shiny 2p as a pound.

I have the same thing about shiny coins and notes in perfect condition. I'm still hoarding some £1 notes from 1984 without even a bend in them.

Probably means something psychologically, but I dread to think what.

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Talking of payment, if you had a guy booking an hour at £120 an hour, and paid you in full with 60 x £2 coins, would you accept this, especially as he had said he really enjoyed the booking and wanted to hire you for an overnighter at £800, and said he had plenty more £2 coins at home.

Yes. And I'd appreciate the heads-up to bring a wheeled suitcase. :D

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I'm glad, I hate those notes. They're never crisp and when I'm sorting out my pennies there's always an odd one or two, never 5 to make a pile :D

I know what you mean. I hate my money being in uneven piles.

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Talking of payment, if you had a guy booking an hour at £120 an hour, and paid you in full with 60 x £2 coins, would you accept this, especially as he had said he really enjoyed the booking and wanted to hire you for an overnighter at £800, and said he had plenty more £2 coins at home.

Yes. I'd accept it in penny pieces if necessary.

However, I would expect the client to accept that the time taken to check the fee would be coming out of our time together :D

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However, what actually is "legal tender" and what people will accept as payment are two totally different things.

If the shops won't take the notes then why would a WG want to accept them?

Indeed. Many years ago, I tried to spend a perfectly legal £5 coin over an extensive period of time but no shop would accept it - not even Her Majesty's own Post Office!! In the end I even had a hard time convincing a bank to exchange it for five of your regular £1 coins! Philistines! :D

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Indeed. Many years ago, I tried to spend a perfectly legal £5 coin over an extensive period of time but no shop would accept it - not even Her Majesty's own Post Office!! In the end I even had a hard time convincing a bank to exchange it for five of your regular £1 coins! Philistines! :D

Many years ago I tried to spend some of my father's 1965 Commemorative Churchill Crowns in the local sweetshops but they wouldn't accept them - much to the relief of my father who when he found out, was furious with me, to say the least.

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I hate that bit - i prefer to pretend im with the girlfriend lol

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I have the same thing about shiny coins and notes in perfect condition. I'm still hoarding some £1 notes from 1984 without even a bend in them.

Probably means something psychologically, but I dread to think what.

Phew glad to know it's not just me!!

I mean it's not like I'll turn non-crispy/shiny money away, but I do have a preference lol.

Of course, now I'm speculating on the deep psychological trauma I may be dealing with via this little peculiarity...I wonder what it is?!!

:D:D

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I throw all my £2 coins in a pot and counted them at christmas to find £850 un known about funds :D

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>>Old notes will eventually be sent to one of the official Government incinerators, where they will burned alongside damaged notes. A small amount of thermoelectric power is generated by these sites, which also burn illegal tobacco seized by HM Revenue and Customs at British ports.

If the incinerator is also used for cannabis seizures it must be quite fun to live downwind of it.

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Though think I'm right to say that, should anyone get slipped an old note, banks will still exchange them for sometime afterwards....just can't remember for how long.

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Forever (more or less).

Just so people are clear, 'legal tender' doesn't mean what many people think it does. If an instrument (coin, note ir whatever) is 'legal tender', that means it is illegal to refuse to accept it in settlement of a debt - so MR Cartoon Evil Banker can't insist on payment for your mortgage in 1875 halfpennies, then take your house when you can't produce them. He is obliged to accept any legal tender.

Thus, once these notes are no longer legal tender he would no longer be obliged to accept them. The BoE will still take them pretty much forever, and normal banks for many years to come. They are still 'valid money', just harder to exchange than current ones.

Not that you shouldn't try to get rid of any you may have, since shops not taking them and so forth is a massive hassle :)

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Phew glad to know it's not just me!!

I mean it's not like I'll turn non-crispy/shiny money away, but I do have a preference lol.

Of course, now I'm speculating on the deep psychological trauma I may be dealing with via this little peculiarity...I wonder what it is?!!

:):D

And when you fold the 5th £20, it has to be exaclty down the middle, with the queens head up. No little folds.

Ha, I'm such a weirdo :)

The bank loves me though, my pennies are always sorted perfectly and they never even have to turn the note the right way up.

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Yes. I'd accept it in penny pieces if necessary.

However, I would expect the client to accept that the time taken to check the fee would be coming out of our time together :)

Nice one! :):D

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And when you fold the 5th £20, it has to be exaclty down the middle, with the queens head up. No little folds.

Ha, I'm such a weirdo ;)

The bank loves me though, my pennies are always sorted perfectly and they never even have to turn the note the right way up.

I'm exactly the same!

You're not weird bogsy... you're just a perfections like me! :)

@ someoneorother:

Informative post. Thanks for that :)

[i'll stop running around in a state of panic now]

@ escortuser:

Gent would have to expect a call from me when it's time to do the banking. No way am I carrying all those coins :)

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I went into my Bank yesterday (You know, the one I now own as a taxpayer!) and got £400 over the counter apart from other transactions. We had discussed the £20 not legal tender after June and the bloke passed me over the full £400 in "old" notes.

When I commented on this he said "Yes, we are taking them all in at the moment" !! :)

DOH!

It's no wucking fonder that these Banks go down more easily that my favourite parlour girl! They employ buffoons!

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