No. The Bank of England is responsible for banknotes, not coins.
The Royal Mint produces coins, but they will not accept demonetised coins either after the notification period has expired following the withdrawal of the coins.
Some banks may exchange decimal coins on a one for one basis if you are an account holding customer, but they are under no obligation to do so.
The Bank of England Fifty Pound note will not be going out of circulation. The new Bank of England Fifty Pound note featuring Matthew Boulton and James Watt was issued for circulation on the 2nd of November, 2011. The Bank of England Fifty Pound note it replaces featuring Sir John Houblon will be withdrawn from circulation and demonetised after a publicity campaign by the Bank of England in due course.
A new Bank of England Fifty Pound note featuring Matthew Boulton and James Watt was issued into circulation on the 2nd of November, 2011. The older style Bank of England Fifty Pound note featuring Sir John Houblon will be progressively withdrawn from circulation at a date to be advised after a public announcement from the Bank of England.
The Australian Fifty and One Hundred Pound notes were withdrawn from circulation in 1945.
The Bank of England has yet to advise a date for the Sir John Houblon Fifty Pound note to be withdrawn. Some banks, building societies, and Post Offices will still accept the most recent of the notes withdrawn from circulation for deposit to customer accounts or exchange for current series notes however, this is at the discretion of the business concerned. The Bank of England will always accept old notes for face value in current notes. The Bank of England Fifty Pound note featuring Boulton and Watt on the reverse was issued in November 2011.
When does the old fifty pound note go out of circulation
If you refer to Bank of England banknotes, those currently in circulation include the Five, Ten, Twenty and Fifty Pound notes.
The fifty pound Sterling note is the largest bank note in circulation in England.
£1 notes were withdrawn from circulation in England 1988 so they are no longer legal tender but prior to that they were common.
Scottish bank notes aren't withdrawn they are simply removed from circulation and are replaced by new ones when they are worn out
They were not issued after 1984 and demonitized in 1988.
The short answer is no. The Elgar Twenty Pound note was withdrawn from circulation on 30-June-2010 and the grace period has long since expired. The Bank of England will always honour withdrawn banknotes. See the link below for instructions.
Because it is a long withdrawn banknote, the Bank of England will honour it to the value of Fifty Pounds. As far as any collector value is concerned, it would depend on the Chief Cashier, serial number and condition of the note.