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Worthless Money.

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ProfilePosted byOptionsPost Date

Dermot

Dermot Report 29 Sep 2021 12:02

The Bank of England will withdraw the legal tender status of the paper £20 and £50 notes after September 30 2022, and it is encouraging anyone who has them at home to spend or deposit them at their bank or Post Office.

Gwyn in Kent

Gwyn in Kent Report 29 Sep 2021 12:05

Thank you.
There are no £50 notes of any sort in this house, but there just might be a paper £20.

I will check.

ZZzzz

ZZzzz Report 29 Sep 2021 16:48

But you can always get the face value of these notes at a bank. If there are still banks open for business.

Researching:
Frame mainly from. Reading Berkshire. Vos from Netherlands. Nelson and Sowerby from Newcastle. Pickles from Saddleworth and Australia. Bainbridge from Durham. Willmot, Wilmot. Wilmott from Berkshire.

JoyLouise

JoyLouise Report 29 Sep 2021 16:54

Or spend them before then because when they're banked, the bank will hold on to them rather than circulate them as the end time draws near.

My hairdresser took one recently that had been in my purse since March 2020 lockdown.

I have two left - I might have a rare old time with them (or not). ;-)

ZZzzz

ZZzzz Report 29 Sep 2021 16:58

Years ago we found a £20 note that had been under the bed and out of circulation for 10 years and had a new given to us.

Researching:
Frame mainly from. Reading Berkshire. Vos from Netherlands. Nelson and Sowerby from Newcastle. Pickles from Saddleworth and Australia. Bainbridge from Durham. Willmot, Wilmot. Wilmott from Berkshire.

maggiewinchester

maggiewinchester Report 29 Sep 2021 17:32

I found a load of old £1 coins. Took them to the bank, and the teller said
'Some of these may be worth more than £1 are you sure you want to change them?' :-D

Researching:
Gg gran Amelia - Suffolk side

ZZzzz

ZZzzz Report 29 Sep 2021 17:39

What are you going to do with them?

Researching:
Frame mainly from. Reading Berkshire. Vos from Netherlands. Nelson and Sowerby from Newcastle. Pickles from Saddleworth and Australia. Bainbridge from Durham. Willmot, Wilmot. Wilmott from Berkshire.

Gwyn in Kent

Gwyn in Kent Report 29 Sep 2021 18:38

I found 3 x £1 notes and took them to the bank years after they went out of circulation.

In hindsight, I rather wish I had kept them :-(

maggiewinchester

maggiewinchester Report 29 Sep 2021 19:01

The |£1 coins? I changed them.
I'd already looked to see their worth, and it was a lot of hassle (and bus fare) to get £5 for a £1 coin!!

Researching:
Gg gran Amelia - Suffolk side

McAlp

McAlp Report 1 Oct 2021 12:15

Having read the article it is only the paper notes that
will be affected!
Not the polymer banknotes.
So that was very misleading Dermot.

nameslessone

nameslessone Report 1 Oct 2021 12:39

Dermot did say paper :-S

maggiewinchester

maggiewinchester Report 1 Oct 2021 22:50

But don't we still refer to non-coin money as 'paper' money?

Researching:
Gg gran Amelia - Suffolk side

KathleenBell

KathleenBell Report 1 Oct 2021 23:05

We'd be inclined to call non-coin money "folding money". Have you ever tried to fold the new polymer notes?

Kath.x

maggiewinchester

maggiewinchester Report 1 Oct 2021 23:12

Kath :-D :-D :-D :-D

Researching:
Gg gran Amelia - Suffolk side

Bobtanian

Bobtanian Report 3 Oct 2021 10:42

they have a mind of their own!! dont they..

Researching:
me and my darling wife at our wedding in 1960

MotownGal

MotownGal Report 4 Oct 2021 12:53

I wouldnt say no to a sackful of old paper notes!

Researching:

ZZzzz

ZZzzz Report 4 Oct 2021 15:30

When my friend was asked if he wanted anything from the shop he would say an ounce of £5 notes please.

Researching:
Frame mainly from. Reading Berkshire. Vos from Netherlands. Nelson and Sowerby from Newcastle. Pickles from Saddleworth and Australia. Bainbridge from Durham. Willmot, Wilmot. Wilmott from Berkshire.

MotownGal

MotownGal Report 4 Oct 2021 18:19

Dad always said he was going to the end of the garden to pick from the money tree. :-D :-D

Researching: