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A gentleman of mature years wanted a few photocopies doing and handed me the £1 note as payment.
I commented 'flippin' eck its a long time since I saw a £1 note', he replied 'oh I think they're still fine to spend'. Didn't have the heart to refuse, so I took it and bid him goodbye.
Seems the last ones were printed in 2001, so I'll add it to my little stash of old notes.
A quick google suggests it might also be worth £2.50! 🙂
To be fair, there's probably a lot of Scottish folk with those still in their wallets 🤣
I haven't seen a £1 note for years.
Used to get them from RBS. They were the last issuers I think.
I think you can exchange them at banks and POs for their face value, but I don't think you can spend them, can you?
Clydesdale Bank ones were the best!
It's an RBS one. It'll be added to the random clutter my daughter will have to clear out when I pop my clogs!
It wasn't from a bloke building a solar farm up north was it?
It wasn’t from a bloke building a solar farm up north was it?
😆
Can't remember which bank but some of them were sufficiently similar to English £5 notes that I'd occasionally get away with paying for stuff with them as if they were fivers when I went back down south for my uni holidays.
Give it to your brother to help him - sibling support and all that.
I've still got a collection of special edition pounds notes from the 90s.
Can’t remember which bank but some of them were sufficiently similar to English £5 notes that I’d occasionally get away with paying for stuff with them as if they were fivers when I went back down south for my uni holidays.
Been there - paid for a round in a pub once with a ten and two £1 notes, got 3 £1 coins back. couldnt work it out at the time.
what can I say.....I'm Scottish.......don't like spending money..... 🙂 I did get them valued, not worth much as they are well used notes
I don’t think you can spend them, can you?
As far as I'm aware, you can spend what you like so long as the retailer is prepared to accept it. Cash purchase is little more than a barter system, you're offering a piece of paper in return for a Mars bar or some photocopying. You could equally offer to pay in fish, though you're likely to be turned down outside of the Welsh Valleys.
Scottish banknotes aren't recognised as legal tender in English Law, but contrary to popular opinion that's wholly irrelevant when purchasing goods and services.
The gentleman in the OP’s post suggests that you can 🙂
...I accept shiny buttons and magic beans too! 🙂
That's a nice little collection. I have an old English fiver somewhere (not old old, from back when I was a kid before they shrunk them all down).
The whole "promise to pay the bearer on demand..." thing was interesting wasn't it. I know money isn't really backed up by gold any more, but I always wondered what would happen if you went into an issuing bank and "I'll have my Five Pounds Stirling, please."
Oh yeah. I once ordered pizza delivery after returning from holiday in Scotland. Tried to pay the driver with a Scottish tenner and his response was "what the **** is that?!" I ended up raiding the loose change jar and paying him in coins, he wasn't best pleased.
“I’ll have my Five Pounds Stirling, please.”
”I’m sorry sir. Wrong city. The next train to Edinburgh is at 20 past”
Scottish notes arent legal tender in Scotland. Only royal mint coins are legal tender in Scotland
Scottish banknotes aren’t recognised as legal tender in English Law
They aren't in Scotland either. They are promissory notes.
And legal tender just means it HAS to be accepted in payment if a debt doesn't it? Not that a shop HAS to accept it.
The shipyard note above is brilliant, it rings a bell that I have seen the real thing in the distant past
The banknotes we produce will always be worth their face value. Even for banknotes that no longer have legal tender status. If you look closely at any Bank of England/Scotland banknote, you will notice it contains the 'promise to pay' inscription – our promise to honour the stated face value of our banknotes for all time.
An ex flatmate's first job was with Thomas de la rue first day he cut up £10k with scissors. To demoneyfy (?) the product.
The shell at the Queen's roundabout in farnborough must have been short of £4 on the till a few times when I handed over a £1 and the gave £4 change.
I think £1 notes are still in circulation in the Isle of Man? They certainly were a few years ago. In fact back in the 80s/90s there were 50 pence notes in circulation.
What’s the legal standing of a Bank of England note (presumably not a £1 note) in Scotland? I have a feeling no more or less than an RBS one. Possibly the same as a Federal Reserve one.
I remember the fiver thing - I did not accept the extra change, more fool me as one shop soon after stopped accepting Scottish banknotes which was a pain given that at the time I was up and down the M6 rather a lot, especially in the Winter climbing season.
Yeah. It wasn't a deliberate act more auto pilot especially on a Sunday morning hangover zombie. Nice the change monkey left something in my pockets.
Rare to see one the moths haven't nibbled holes in.
What’s the legal standing of a Bank of England note (presumably not a £1 note) in Scotland?
Bank of England notes are not legal tender in Scotland, only royal mint coins are legal tender in Scotland
And legal tender just means it HAS to be accepted in payment if a debt doesn’t it? Not that a shop HAS to accept it.
Correct. That's what I was getting at.
What’s the legal standing of a Bank of England note (presumably not a £1 note) in Scotland?
What do you mean by "legal standing"? gordimhor is correct, but for most practical purposes it's irrelevant.
"Legal tender" has a very narrow definition and it is relating to acceptable means to pay off a debt. Eg, if you owed someone an organisation a grand and you turned up with a lorryload of 5p coins to spite them, they could tell you to get knotted because they're only Legal Tender up to like five quid or something. Higher value coins are LT for higher amounts and coppers aren't LT at all. If you offered a thousand £1 coins they'd have to accept it.
But, none of this has anything to do with regular transactions. The legal standing of a BoE note in Scotland if you're waving it around in a shop is the same as a Scottish banknote in Scotland, which is "none whatsoever." Retailers are not duty bound to sell to you, which is why they're perfectly within their rights either side of the border to refuse (Legal Tender) BoE-issued £50 notes.
RBS £1 notes might not be printed any more but they're still in circulation and can be requested from the bank.
English notes, on the other hand, are out of circulation so can't be spent in the normal way.
Jersey & Guernsey both still issue £1 notes.
Think I have 5 RBS £1 notes. 2 in presentation cases that I found when we moved in and started decorating.
Oh, I assumed this was a euphemism
I quite fance getting a role of 10p £1 notes.
Because I can probably just about afford that and a roll of notes is baller.