Are Isle of Man Pound Coins Legal Tender?

Paddy2eyes

geordieracer wrote: »

Anything that reads stirling on it is legal tender in the UK. The reason NI notes are not readily accepted in some places is because of the robebry the otehr year and they had to change the notes and now not everyone knows what they look like over here.

I have told my staff not to accept them if they have any doubt

NI notes have been refused long before the Northern Bank robbery. When I get a NI note refused I ask the person at the till what country they do accept notes from, if they don't accept them from the United Kingdom. AFAIK there are many more fake Bank of England notes in circulation than NI or Scottish issued notes.

TangledMemories_2

We can use ours over there...but not the other way round.
My mum always forgets when she comes over here and tries to pay with a Manx £20 which looks like our £50 because it's red!

geordie_joe

kilbroney wrote: »

Can you tell me why they are not legal tender in N Ireland, is not N Ireland part of the UK

I don't actually know, but english notes are not legal tender in Scotland either. I guess it may be something to do with the legal systems in those two places being different.

dzug1

geordie_joe wrote: »

I don't actually know, but english notes are not legal tender in Scotland either. I guess it may be something to do with the legal systems in those two places being different.

and if you are being picky (why not?) Scottish banknotes are not actually legal tender in Scotland. Generally acceptable currency, yes. Legal tender, no.

moonrakerz

As usual, there is a lot of confusion about the meaning of "legal tender".

Strictly speaking, Legal Tender cannot be refused in settlement of a debt. This means that for the vast majority of transactions it it entirely up to the shop keeper as to what type of money he wishes to accept.
A lot of shops,quite legally, will not accept £50 notes; if they wished they could refuse to accept coinage. There are a few exceptions to this: if you buy a meal in a restaurant, you normally pay for the meal after you have eaten it - in this case you are paying a debt and the rules change, the restaurant must accept "Legal Tender".
But:- there was a case in Scotland where a man paid an outstanding debt to his local Council all in coins (after a long running dispute!). The Council refused to accept it as it was not in "Legal Tender". The case went to Court where the Sheriff ruled that the Council had to accept anything that was generally considered to be "money".

You pays your money ..............................................

dazbyd

Bank of England notes are the only banknotes that are legal tender in England and Wales. Scottish, Northern Ireland, Jersey, Guernsey and Manx banknotes are not legal tender in England and Wales. However, they are not illegal under English law and creditors and traders may accept them if they so choose. Traders may, on the other hand, choose not to accept banknotes as payment as contract law across the United Kingdom allows parties not to engage in a transaction at the point of payment if they choose not to.

In Scotland and Northern Ireland no banknotes, not even ones issued in those countries, are legal tender. Scottish and Northern Irish notes are (defined as legal currency), essentially cheques made out from the bank to 'the bearer', as the wording on each note says. They have a similar legal standing to cheques or debit cards, in that their acceptability as a means of payment is essentially a matter for agreement between the parties involved, although Scots law requires any reasonable offer for settlement of a debt to be accepted.