Although it is legal tender, the British Five Pound coin is not intended to be a circulating coin, but a collectible of a commemorative nature.
Many businesses are reluctant to accept the Five Pound coin, but the Post Office has a stated policy of accepting Five pound coins for goods and services.
You do not explain what you want to change it into.
If you want to change it into another currency, take it to a Currency Exchange office. They may have a minimum amount and they may impose a charge.
The British decimal Five Pound coin is legal tender in Britain, but may be refused by businesses because they are an unfamiliar coin.
The Post Office has a stated policy of accepting the Five Pound coin as payment for goods and services.
If you want to sell the coins, you could try a coin dealer or, alternatively, eBay.
At worst, they are worth Five Pounds (GBP).
If you refer to the decimal unimetallic Two Pound coins issued from 1986 to 1996, these coins are considered to be legal tender although they were not intended for general circulation, but as a commemorative coin.
If you take one of these to your local bank, they will give you Two Pounds for it.
The Gibraltar Five Pound coins are similar to the British Five Pound coins in that although they are legal tender, the Five Pound coin is not intended to be a circulating coin, but a collectible of a commemorative nature and many businesses are reluctant to accept them. Gibraltar currency is only legal tender in Gibraltar and most authorities advise changing your currency before you depart Gibraltar. If you want to sell your Five Pound coin, take it to a reputable coin dealer.
The One Pound coin replaced the One Pound note in the British currency in 1983. Pound coins include the One Pound and Two Pound coins, and the Five Pound coin which is issued as a commemorative but is still legal tender.
yes 5 pound coins are legal tender
Although the British Five Pound coin is legal tender, it is intended to be a non-circulating commemorative. In their year of issue, they are available from the Royal Mint and can be purchased on line. Subsequently they can be purchased from a coin dealer. Some banks produce a commemorative Five Pound coin, but these are not legal tender and are more of a souvenir.
The Royal Mint produced no British Five Pound coins from 1938 to 1979 inclusive.
Some commemorative coins such as the Five Pound coins and the early Two Pound coins are not intended for circulation, but as souvenirs of an event of national significance. People tend to keep Commemorative coins because they are Commemorative coins.
A man walks into a shop, and asks for five pound coins as change for a five pound note. The shopkeeper says, "I'm sorry, we only have one pound coin, I'll give you that and two two pound coins, that should suffice."
A £5 coin is the exact same value as a £5 note or 5 £1 coins etc
In the UK we have a commemorative five pound (£5) coin. Five pound coins are legal tender, but are intended as souvenirs and are not usually seen in circulation.
You can sell it for a Laramie in Salt Lake City Utah!
It is unlikely that there are any fake five pound coins in circulation simply because they are commemorative coins and therefore do not see much circulation, you'd get enough funny looks as it is trying to spend a 5 pound coin. However, there have been reports of people passing off 25p crown sized coins as 5 pound coins. If the coin doesn't say "Five Pounds" on it (and it isn't a gold 5 pound coin!) it has a face value of only 25p.
A Five Pence coin weighs 3.25 grams. There are 20 Five Pence coins in One Pound and 100 Five Pence coins in Five Pounds, therefore, Five Pounds worth of Five Pence coins weighs 325 grams.