The British Five Pound coin is issued as a commemorative coin in Britain and is not intended for general circulation. Although it is legal tender in Britain, some businesses refuse them because they are not a familiar coin.
US banks will probably not accept a British Five Pound coin unless they are also a currency exchange office, a function performed by some banks around the world.
Most banks have a coin sorter where you can exchange them for cash. Another option is to roll them into paper wrappers. For pennies you should have 50 cents per roll. Banks will usually take them, but ask if there is a coin counter first and bring them in loose if they do have a coin counter.
Banks don't buy old coins, coin dealers will buy old coins, some jewelry stores will buy old coins, banks will take your old coins at face value and then sell them to coin dealers and and make some profit.
we take/borrow money from the commercial banks and the commercial banks take/borrow money from the reserve bank
It takes about three to five days before a check will bounce in most banks. That gives a person time to deposit the money to cover the check.
You can take it to a coin shop or you can get a book and learn to do it yourself.
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.
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.
£6.50....:L
The larger pre-1990 5 Pence coins were withdrawn from circulation and demonetised in 1991 and are therefore, no longer Legal Tender. The Royal Mint advises that there is no obligation on banks to accept demonetised coins however, they may probably take any demonetised coins from an account holding member of the public, possibly charging a handling fee. Coins in Mint condition or Very Good to Excellent condition, may be better taken to a coin dealer.
The current pound coins are: The penny, the two pence coin, the five pence coin, the ten pence coin, the twenty pence coin, the fifty pence coin, the pound coin, and the two pound coin. There are also crown sized (American silver dollar sized) commemorative coins, early decimal crowns were valued at 25 pence, later ones are valued at five pounds at face value, though often the collector value exceeds the face value, and many shops do not take them. There are also many obsolete British coins, including all the pre-decimal coins, and the decimal half-penny, along with various bullion coins which are legal tender but have metallic values that far exceed the legal tender value.
Most banks have a coin sorter where you can exchange them for cash. Another option is to roll them into paper wrappers. For pennies you should have 50 cents per roll. Banks will usually take them, but ask if there is a coin counter first and bring them in loose if they do have a coin counter.
Banks don't buy old coins, coin dealers will buy old coins, some jewelry stores will buy old coins, banks will take your old coins at face value and then sell them to coin dealers and and make some profit.
2 farthings
All British decimal Two Pound coins are still legal tender. They are worth Two Pounds. If you have a mint uncirculated or Proof coin still in its packaging, you could sell it on eBay or take it to a reputable coin dealer.
A One Pound coin is 22.5 mm in diameter and 3.15 mm thick. Figure it out.
The D after the 5 means dollars not cents, the US has never made a five cent gold coin. Take it to a coin dealer for an idea if value.
In chapter five of The Grapes of Wrath, banks are compared to monsters who take away people's land and homes, leaving them with nothing. The banks are portrayed as heartless entities that prioritize profit over the well-being of families and communities.