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GBP (Pound) notes ceased to be legal tender in 1988 and were replaced by the pound coin. However some Scottish banks still issue pound notes and are still legal tender.
Yes they are. Yes they are.
Yes, £1 notes are still legal tender in Scotland. They are still in circulation and still issued, although they aren't frequently used.
yes 5 pound coins are legal tender
Yes, all notes issued by the European Central Bank are still legal tender.
All Bank of England Twenty Pound notes that have been withdrawn from circulation (up to and including the Edward Elgar notes), are no longer "legal tender" having been demonetised. The Bank of England advises - All Bank of England notes from which legal tender status has been withdrawn remain payable at face value forever at the Bank of England in London. Any such notes may be presented for payment either in person during business hours, or sent to us by post.
Older U.S. currency is still legal tender at face value, but may be worth more to collectors. Note: silver certificates are no longer redeemable for silver (likewise with gold certificates).
The Bank of England did issue £500 notes between 1725 and 1943. They remained legal tender until April 1945, although they are still valid notes which can be exchanged by the Bank of England for modern notes. Because of their rarity, they are worth considerably more than £500. The highest value current English note is £50. Scotland and Northern Ireland both produce £100 notes - which are the highest value legal tender Pound Sterling notes.
Generally speaking, no. Older notes are easier to forge and will have been withdrawn from general circulation. Old notes can normally be exchanged by bank branches.
The 1986 British Two Pound coin is a commemorative coin for the 13th Commonwealth Games held in Scotland. Although coin was issued as a commemorative rather than a general circulation coin, it is still legal tender in the United Kingdom.
All redemption in silver ceased on June 24, 1968. But the notes are still legal tender.
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.