The following British decimal coins have been demonetised and are no longer legal tender. Banks are under no obligation to simply accept them, but may acknowledge them from customers with an account on the basis of a one for one changeover. If the coin is in mint condition, you may consider selling it to a gold coin seller.
What is it possible to do with a lot of demonetised British coins? In the event that you refer to demonetised British decimal coins, some banks might accept them from accounts holding customers at face value, but they are under no obligation to take action. Alternatively, you could hold on to them and give them to your grand children in years to come when they might be a novelty, or perhaps even worthy of something.
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What is it possible to do with withdrawn or demonetised British coins? Prior to demonetising a coin, the Royal Mint provides several months advance notice. When you have demonetised British decimal coins in uncirculated or excellent condition, you might consider taking these to a gold coin seller. Nevertheless, many banks will accept demonetised coins from members of the general public providing they have a bank account with them. Are English pence obsolete?
All predecimal British cash have long since been withdrawn from circulation and demonetised. When did the British decimal Half Pence coin cease to be legal sensitive? Will the lender accept old British 10 Pence cash? The bigger pre-1991 10 Pence cash were withdrawn from circulation and demonetised in 1993 and are therefore, no Legal Tender longer. The Royal Mint advises that there surely is no obligation on banks to accept demonetised coins however, they could probably take any demonetised coins from a merchant account holding person in the public, charging a handling fee possibly. Coins in Mint condition or Very Good to Excellent condition, may be better taken up to a coin dealer. Will the lender accept old British 5 Pence coins?
The bigger pre-1990 5 Pence coins were withdrawn from circulation and demonetised in 1991 and are therefore, no more Legal Tender. The Royal Mint advises that there is no responsibility on banks to accept demonetised coins however, they could probably take any demonetised cash from a merchant account holding member of the public, possibly charging a handling charge.
Coins in Mint condition or Very Good to Excellent condition, may be better taken up to a coin seller. What do Elizabeth 1980 coins appear to be and are they worth anything? All British Elizabeth II decimal cash look pretty much the same from 1968 to 1982. The larger 5, 10 and 50 Pence cash are no longer in blood flow and have been demonetised.