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.
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.
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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.
yes 5 pound coins are legal tender
There are 100 five pence coins in one pound.
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.
The Royal Mint produced no British Five Pound coins from 1938 to 1979 inclusive.
There are 100 five pence coins in one pound. This is because one pound is equal to 100 pence, and since each five pence coin is worth 5 pence, you can divide 100 by 5 to find the total number of five pence coins in a pound.
Some commemorative coins such as the Five Pound coins and the early Two Pound coins are not intended for circulation, but as souvenirs of an event of national significance. People tend to keep Commemorative coins because they are Commemorative coins.
A man walks into a shop, and asks for five pound coins as change for a five pound note. The shopkeeper says, "I'm sorry, we only have one pound coin, I'll give you that and two two pound coins, that should suffice."
A £5 coin is the exact same value as a £5 note or 5 £1 coins etc
In the UK we have a commemorative five pound (£5) coin. Five pound coins are legal tender, but are intended as souvenirs and are not usually seen in circulation.