£1.4bn in old notes and coins out there - how to make it spendable again

MSE_Emily

Anyone with a piggybank, money jar, pockets or even a sofa (that may have cash down it) should check for old coins and notes. It comes as new stats reveal there's £1.4 billion in old, unspendable £5 and £10 notes and £1 coins out there. Here's what to look for and how to make this cash spendable again...
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£1.4bn in old notes and coins out there - how to make it spendable again

cgmcgm

The notes, if pristine, can be sold to collectors for more than face value.

 

Eljoh

Has anyone any experience of the same problem with Euro notes? A friend recently gave me €110 (2x50+1x10)which he'd had for around 4 years. He's no longer interested in going abroad so thought I could use them, but I'm not sure if they are still valid. Where can I check please? 

Clairearm

I used to Work at Bank of England and notes never expire, you just can’t spend in shops. The words on them ‘Promise to pay the bearer’ means just that.

For any old notes not in circulation, banks are duty bound to change for new notes.

This does not apply to coins, as made by royal mint.