"Sealed Pot Challenge ~ 10"

Westie983 · 2 January 2017 at 7:03PM

Iheart wrote: »

I am planning to use the coin machine at HSBC. I wonder if they will be accepted that way? :think:

yes this should be fine, they will just update software like they did with paying in machines when the new £5 came out.

Westie983 · 2 January 2017 at 7:05PM

iammumtoone wrote: »

Yes my Dad told me, how he gets to know these things I have no idea! I didn't know the serial numbers thats a help as I have been scrutinising every one I get :rotfl:

Does anyone have an AA01, closest I have got to it is AA18

yes i have when they first came out...

Westie983 · 2 January 2017 at 7:09PM

Kim_13 wrote: »

Bank of England, the central bank in Threadneedle Street, London.

While some banks will accept notes that are no longer legal tender (as the BOE will always swap them), they're not obliged to. It probably varies by the bank and possibly even the cashier, so it'd just be easier to get rid of them by October.

The BOE will do exchanges by post for those not local, but that may be limited to notes rather than coins, I'm not sure. In any case you'd end up having to pay for Special Delivery, as it's the only way Royal Mail would cover it in the event it was lost in the post. Depending on the amount therefore, exchanges by post might not be financially viable.

I have never heard that banks can not accept out of circulation notes, I would be interested to find out which bank doesnt.

You cant exchange old coins like shillings, or notes that dont have the word sterling on them, but I have never heard of a bank not exchanging old notes,

That said the only bank I dont have an account with is Clydesdale so cant comment on them, old £10 notes and £50 and £5 can be exchanged as they are still legal tender they are just being taken out of circulation via the banks..

If you want to pay to send them to the BOE, then so bit it, but It would be cheaper to let the banks do it for you, and they don't pay either.

If you face a cashier who wont take them ask to speak to a manager as they maybe dont know, they can accept them, or they often check with management as I did when I used to get Jersey notes, and they are banked with out of circulation and Scottish and Irish notes which are send to BOE each week.

Iheart · 2 January 2017 at 7:10PM

1p roadkill today found in the carpark at Dunelm.

Westie983 · 2 January 2017 at 7:19PM

iammumtoone wrote: »

People on the other thread have now said that coins are nothing to do with the bank of England (they only deal with notes) Coins are issued by Royal Mint and they do not exchange them. Furthermore the banks are under no legal obligation to accept them (although most of them probably will)

I have now decided to set up a 'holding pot' for my £1 coins and when I have £10 or 20 I will swap them and put a note into the sealed tin.

I am not going to chance being left with any after October.

Dont forget some of the coins that are leaving circulation will be melted to make the new ones, the banks still banks bags and bags of coins, including out of date notes.

There has been no official confirmation on what will happen in October, so lets just keep going, and cross that bridge when it arrives.

iammumtoone · 2 January 2017 at 8:44PM

Westie983 wrote: »

Dont forget some of the coins that are leaving circulation will be melted to make the new ones, the banks still banks bags and bags of coins, including out of date notes.

There has been no official confirmation on what will happen in October, so lets just keep going, and cross that bridge when it arrives.

Very true there is no need to do anything different for now, the new ones aren't even out yet!

Nearer the time there will more information about what is going to happen/need to be done.

Personally I am still going to 'swap' mine for notes just because it also makes it easier at the end of the year to count the pot and less change to take to the bank to be exchanged. I will also do the same with 50p so the only things going in the pot will be notes. £2s and any change under 50p.

YetAgain! · 2 January 2017 at 10:48PM

Grand total of 17p potted from the sofa!!!

donkids22 · 2 January 2017 at 10:54PM

#019 Emptying my purse before I go to work tomorrow so I can't spend that's another £8.73 in my pot.

32b3in2013 · 2 January 2017 at 11:16PM

Evening

£2.26 potted today.

I hope everyone is well.

Back to normal tomorrow. I have to share my office with everyone else who works there again. Last week I was there pretty much on my own.

32b3

dinglefoot · 2 January 2017 at 11:32PM

Hi, I'm back

I haven't visited the sealed pot challenge for a couple of years!

I had great success here a few years ago, saving a few hundreds pounds. I worked in town then, so often had change on me for buses (even though often I walked home to save money for my pot

). Circumstances changed and working in an office I found that I wasn't getting much change anymore and the majority of my shopping was done online or in a supermarket on my debit card.

I had a baby in September and now find my situation has changed again. Due to a rocky few months I've barely been getting out and about, but now things are *touch wood* improving, I'll hopefully be getting out and about a bit more again, providing opportunities to spot roadkill and get change that I can put in the pot.

Over the last couple of years I've put things in the pot now and again and saved a total of £58.14, so that's what I'm starting off with. When I was saving previously, I found this thread a great help as I found it exciting to post how much I was potting and see how much others were potting - it encouraged me to try my hardest with it

Sorry for the essay and hi again everyone! I see the thread is still ran by the splendid Sue?

Edit: I've just looked at my signature and seen that I took part in SPC6 and we're now on SPC10. Where has the time gone?! :eek:

"Sealed Pot Challenge ~ 10"

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