I found a paper tenner

System

I paid in a couple of old fivers at Nationwide recently (old as in pre-small, rather than pre-plastic). No problem at all (I am a customer)

Robisere

My wife found an old £1 coin at the bottom of the Tardis that she calls her handbag a couple of weeks ago. It fits the Morrisons shopping trolley, so she keeps it just for that, although in a zip pocket at the top of Tardis.

Flobberchops

Your own bank is likely to couch old series acceptance in cautious terms on its website, in order to avoid writing a blank cheque to people offloading huge amounts of very old, damaged or soiled notes.



In practice they should barely bat an eyelash when depositing or exchanging notes three or four issues old, let alone ones that were demonetised a few years ago. Where I work the cashiers semi-regularly take in old £1 notes (withdrawn 1988). Some of them keep the good condition ones for their own collections or to sell on eBay. You're unlikely to encounter much resistance.

JuicyJesus

schiff wrote: »

It might be worth £10.50 to a collector in 10 years time, even more in 100 years

The one time I tried this was with a £1 note back in 2008, so at that point 20 years old at the youngest. I sold it on eBay and got £1. I actually lost money because I had to pay for postage.

The thing about banknotes is - there's been a lot of them in circulation, so they're not usually rare. I'd actually say that unless it's in a pristine condition, don't bloody bother!

See also: 19 year old commemorative Jubilee/millennium £5 coins, which are currently going for £8-10 plus extortionate postage, and that's the ones that are in the nice presentation cases and pristine condition. Mine went for £5 when I paid it in at the bank eight years ago. To compare, someone paying it into a bank account paying 2% average interest in the year 2000 would have a stunning £7.28 now, without having to pay eBay fees or store a massive chunky coin!

Robisere

Is my old white paper Fiver worth anything?

JuicyJesus

Robisere wrote: »

Is my old white paper Fiver worth anything?

If you hand it in to the Bank of England, it's worth a fiver.

Check eBay. White £5s are going for north of £50 on there. "Not rare" in my post above, for clarity, tends to mean anything that isn't 50+ years old. More recent bank notes have been printed en-masse, are going to be stashed under mattresses and in attics everywhere and tend not to be worth much more than face value because they're relatively common.

Hasn't stopped some people trying to sell new plastic £10s for £15 on eBay though...