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edward elgar £20
freda11
Posts: 236 Forumite
We have just been left £5k in cash the majority being in the old £20. Is the only option to send them to the Bank of England for exchange?
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Try offering some for sale on Ebay: perhaps there are people out there willing to pay more than face value for them.0
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only if in mint condition. We still have a 1 pound note but its not perfect.
Try asking your bank and they may offer to handle it for you. It was a relative that didnt trust banks who saved such a large amount in physical notes I guess0 -
I have one of those old one pound notes that is sealed and never been touched by human hand apparently.
Same with the pound coin. :-) Not sure if they are worth anymore than face value though.0 -
We have just been left £5k in cash the majority being in the old £20. Is the only option to send them to the Bank of England for exchange?
Strictly yes you must go to the Bank of England as they are no longer legal tender. However, some banks will take them if you deposit them into your account.
I found a dozen of them recently which my Dad had secreted under a carpet. The much maligned Santander had no problem taking them.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
We have just been left £5k in cash the majority being in the old £20. Is the only option to send them to the Bank of England for exchange?
It's solely at the discretion of the bank whether they're willing to accept them.
The BoE will definitely take them. You'll be taken into a private room, where you'll be Vt'd asked for your details, how you obtained them and then taken to the teller who will exchange them/credit an account of your choosing.0 -
thanks, we are too far away to go into the BoE so we would have to post them using the relevant forms, but i will pop into the two banks I am with on Monday.0
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I just put mine in a deposit envelope with a slip and dropped it in the slot.
I figured that if there's a small amount of trouble involved, a teller might just say no, but they'd be less likely to go to the trouble of writing to me and demanding that I go in and take the notes back."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Santander get bashed because they are so big now plus taking over so many different systems and records was bound result to give some negatives.MoneySaverLog wrote: »I have one of those old one pound notes that is sealed and never been touched by human hand apparently.
Same with the pound coin. :-) Not sure if they are worth anymore than face value though.
The coin would have to be a special proof version. The note might be if you keep it out of sunlight.
I got pound coins from a hundred years ago, looks perfect but its still not collectable unfortunately just kept for its gold, a value modern coins cant claim to have
1911 - before the great war when we were still an empire on a gold standard. Needs a better camera, looks battered thanks to bad photo quality0
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