Chris M
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Post by Chris M on Nov 19, 2008 17:12:22 GMT
Quite a few years ago now, when I worked on a mobile burger van at the Bath and West showground in Somerset, I was told not to accept Scottish notes as we wouldn' t see enough of them to know whether they were forged or not, and many people would not accept them as change. We were also told not to accept £50 notes, partly for this reason and partly also that it would seriously diminish our change supply. The comment about not accepting Scottish notes in change has reminded me that at one point I had to give a customer £1 change, but as we didn't have many pound coins at that moment I gave him two 50ps instead. It took him about a minute of staring at it to realise that I had given him the correct change  . |
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Post by Tomcakes on Nov 19, 2008 17:46:29 GMT
There is a guide poster which explains the security features of all the different types of banknotes - eg what to look for.
Some shops don't take 50 or 100 notes, but this seems to be the likes of Greggs - I doubt many people would pay for their 50p sausage roll with a 100!
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Chris M
Global Moderator
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Always happy to receive quiz ideas and pictures by email or PM
Posts: 19,776
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Post by Chris M on Nov 19, 2008 19:59:52 GMT
We didn't have a guide poster, and anyway in that sort of environment you don't have time to do a detailed check on the notes you're given - doubly so if you have got to check what to look for.
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Deleted
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Post by Deleted on Nov 19, 2008 23:43:22 GMT
Its worth remembering that Scottish Bank notes aren't actually legal tender anywhere, even in Scotland. They are promissary notes, which are of the value of the amount sterling printed on them. The issuing bank will if necessary cover the amount in legal tender.
Legally, they have the pretty much the same status as cheques, so its a sellers discretion as to whether they are accepted or not.
The only banknotes that are legal tender in the UK are bank notes produced by BOE.
However, only english notes worth less than £5 are considered legal tender in Scotland. So since the english £1 note was done away with there have been no legal tender banknotes in Scotland.
All coins are legal tender, but some combinations of small coinage isn't. Round silver is only legal tender up to £5, copper up to 20p!!!!
Steve
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Post by amershamsi on Nov 20, 2008 0:01:04 GMT
Coppers to 28p, IIRC. Only pound coins and £2 coins are legal tender for any amount.
Are Bank Notes actually legal tender - a £5 isn't actually £5, but a promise from the Bank of England to pay the bearer £5 (in other words a cheque)? I guess they are, but only as cheques are.
Legal tender is what has to be accepted for payment of debts. Anything can legally be accepted.
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Post by cetacean on Nov 20, 2008 1:39:06 GMT
re Bank Notes actually legal tender - a £5 isn't actually £5, but a promise from the Bank of England to pay the bearer £5 (in other words a cheque) The government can theoretically deem anything legal tender. There's no reason why they couldn't decree that creditors must accept, say, Cadbury's Creme Eggs as payment for a debt. |
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Post by londonstuff on Nov 20, 2008 15:25:43 GMT
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