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Post by mandgc on Oct 15, 2006 23:58:37 GMT
What is the lowest denomination of Bank Note in the UK now ?
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Post by version3point1 on Oct 16, 2006 1:38:09 GMT
£5 is the commonly used lowest denomination of bank note in use in the UK, though there is the rarity of the £1 bank note, which is still in use in Scotland (I think).
(Somebody correct me if I'm wrong.)
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Deleted
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Post by Deleted on Oct 16, 2006 2:06:07 GMT
The £1 bank note is, ironically, still legal tender in England although they are not permitted to issue any more notes. (any that are received can be swapped in at a bank).
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Oracle
In memoriam
RIP 2012
Writing is such sweet sorrow: like heck it is!
Posts: 3,234
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Post by Oracle on Oct 16, 2006 7:18:00 GMT
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Post by mandgc on Oct 16, 2006 9:50:40 GMT
Thank you for all the replies . :-)
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Post by chris on Oct 16, 2006 14:44:38 GMT
I daresay the £5 note won't be in exsistence for too much longer.
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Oracle
In memoriam
RIP 2012
Writing is such sweet sorrow: like heck it is!
Posts: 3,234
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Post by Oracle on Oct 16, 2006 16:49:42 GMT
There have been £5 coins on and off over the years, and are legal tender.
I miss the good old 10 shllling note! It was a lot of money to a young kid, when say 4d or 2p would buy you a packet of sweets.
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Post by chris on Oct 16, 2006 19:09:34 GMT
There have been £5 coins on and off over the years, and are legal tender. My uncle used to be a Doctor of Metallics at the Royal Mint and he gave me a couple of five pound coins for my birthday. Went straight down the bank to pay them in! |
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Oracle
In memoriam
RIP 2012
Writing is such sweet sorrow: like heck it is!
Posts: 3,234
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Post by Oracle on Oct 16, 2006 20:14:00 GMT
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Ben
fotopic... whats that?
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Post by Ben on Oct 18, 2006 16:54:43 GMT
The mint decided it was uneconomical to mint such a big coin for such a small fiscal value (25p), so now all crown sized coins (minted since 1990?) have a value of £5. The ones before this date are still only worth 25p, like the commemorative silver jubilee crowns. It is doubtful whether a £5 denomination will become a coin ever; I would dare say that by the time inflation reaches that point we will have got the euro.
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Deleted
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Post by Deleted on Oct 18, 2006 20:09:21 GMT
my dad got a £5 coin as change in M&S, he couldn't believe it, he was so lucky!
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