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Yes, the Five Pound (Crown) coin is legal tender in the United Kingdom in values up to any amount.
Despite being fully legal tender the Five Pound (Crown) coin will often be refused in shops simply because it is not commonly seen in circulation. The reason for this is that, though the coin is of a standard size and weight, it has no standard face designs, the coins are always of a commemorative nature and so are often kept away in private collections.
There is no way to force an individual to accept any form of payment, including legal tender. Transactions in the UK are always a mutual agreement between two parties.
The Post Office have stated that they are happy to receive the coin as payment for goods and services. A bank should also be able to exchange the coin for change or a banknote, or you can deposit it into an account.
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∙ 7y ago
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∙ 14y agoThe British decimal Two Pound coin is Legal Tender throughout the United Kingdom, up to any amount.
The British pre-1997 Two Pound coins were intended as souvenirs or collectibles and not as general circulation currency, but they are still legal tender and are often used in retail transactions according to the Royal Mint.
As a collectors coin in their original condition, they are probably worth more than Two Pounds.
Wiki User
∙ 13y agoAll British decimal Two Pound coins are legal tender in the United Kingdom however, the 1986 to 1996 unimetallic Two Pound coins were issued as commemoratives and not intended to be circulating coins.
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∙ 13y agoBritish 1, 2, 5, 10, 20 and 50 Pence coins and the 1, 2 and 5 Pound coins are all legal tender.
1 and 2 Pence coins are legal tender in amounts up to 20 Pence.
5 and 10 Pence coins are legal tender in amounts up to 5 Pounds.
20 and 50 Pence coins are legal tender in amounts up to 10 Pounds.
1, 2 and 5 Pound coins are legal tender up to any amount.
Although the Five Pound coin is legal tender, many businesses refuse to accept them.
Wiki User
∙ 13y agoThe 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.
Wiki User
∙ 12y agoYes, all British Two Pound coins are legal tender, including the silver Britannia bullion coins (though they are silver and collector value far exceeds 2 Pounds).
The pre-1997 commemorative Two Pound coins are also legal tender.
Wiki User
∙ 11y agoYes, all British decimal Two Pound coins are legal tender, although some businesses may be a little reluctant to accept them.
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∙ 9y agoAmazon has a huge selection of books on the subject. But one of the best they have is http://www.Amazon.com/Raw-Food-Detox-Diet-Five-Step/dp/0060799919
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∙ 9y agoYes.
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Is a 1986 two pound coin legal tender?
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.
Where was 1983 one pound coin used?
The 1983 One Pound coin was the year of first issue for the British One Pound coin which replaced the One Pound note. The British One Pound coin is legal tender anywhere in the United Kingdom and some of its dependencies.
When was the first British One Pound note stopped?
The Bank of England One Pound note was last issued in 1984 and ceased to be legal tender in March 1988, after the introduction of the One Pound coin in 1983.
What are all the types of British Pounds?
British Pound denominations currently in circulation include - One Pound coin Two Pound coin Five Pound coin (legal tender and often found in circulation) Five Pound note Ten Pound note Twenty Pound note Fifty Pound note
What are the pound coins?
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.
Do banks sell Five Pound coins?
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.
Are pound notes still legal tender in Scotland?
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.
What is the highest denomination British coin?
The highest denomination British coin currently in circulation is the Two Pound coin. Although the Royal Mint advises that Five Pound coin is considered to be legal tender, it was not intended for circulation and many businesses, especially banks, will not accept them.
Will there be a British Five Pound coin?
There has been a British Five Pound coin on and off since 1817. The British decimal Five Pound gold bullion coin was first issued in 1980 and the Five Pound "Crown" coin was first issued in 1990. The current British Five Pound "Crown" coin is intended to be a non-circulating legal tender commemorative coin. The Royal Mint has no current plans to produce a general circulation Five Pound coin in the foreseeable future.
Will your bank exchange a 1986 Two Pound coin?
Any bank will accept any Two Pound coin, they are legal tender.
Where can you exchange Gibraltar Five Pound coins?
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.
Are all British Five Pound crown coins proof coins?
No. The British Five Pound (Crown) coin is issued as a legal tender commemorative coin and is minted in various finishes and metals to appeal to the collector. Although they are legal tender, it is not intended that they be circulated. The cheapest way to buy them is as a packaged cupro-nickel "uncirculated" coin. The alternative to an "uncirculated" coin is a Proof FDC coin which may be cupro-nickel, silver, gold, and more recently, platinum.
