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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.
What else can I help you with?
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.
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
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 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.
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.
What banks change a five pound coin?
The British Five Pound coin (Crown) is legal tender anywhere in the UK although many businesses may be reluctant to accept them due to their lack of familiarity. Any British bank or Post Office will accept them.
