It's beyond time we give legal force to the well-known phrase 'that's legal tender, pal'. The only legal tender in Scotland is £1 and £2 coins. In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes. Is it like Scotland where you can pay in GBP and then they give you the change in Jersey pounds? The Bank of England says 94 million paper tenners and 118 million paper fivers haven’t been handed in, even though they can still be exchanged at face value. Bailiwick of Jersey 50p It means that if you offer to fully pay off a debt to someone in legal tender, they can’t sue you for failing to repay. (Confusing, eh?). This morning I went to purchase a roll. What’s classed as legal tender varies throughout the UK. But that’s not the case. The old style notes will continue to circulate alongside the new notes and will … Notes will vary. British Pounds Sterling. The good news is that coins from the Royal Mint do have legal tender status north of the border - to a certain extent. Confused? In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes. A bank, post office or a bureau de change is probably your best bet. Legal tender. These, in common with United Kingdom coins, bear the portrait of Her Majesty The Queen. For example, British banknotes issued by various institutions circulate in the United Kingdom without being legal tender in all the jurisdictions of the United Kingdom. You don't mean "legal tender". Continue to 10 of 15 below. Get answers by asking now. Jersey banknotes can be exchanged like for like with other sterling banknotes. The Bailiwick of Jersey, as with Guernsey, is a Crown dependency in currency union with the United Kingdom; although Jersey adopted the pound as sole legal tender in 1834, a good 36 years before Guernsey did so. Nobody will accept them (Bureau de change etc) other than back in Gibraltar, so I wonder if they are legal tender anywhere other than in Gibraltar. Remembering there is no legal tender in Scotland and NI anyway. The daughters gran was in Jersey last year & she forgot she had money left over. Debit cards, cheques and contactless aren’t legal tender anywhere. ...The Guernsey pound is legal tender only in Guernsey but also circulates freely in Jersey and is acceptable in most places in the U.K. which will accept Scottish and Northern Irish notes. Still have questions? Coins are legal tender throughout the United Kingdom for the following amount: £100 - for any amount. 2. [citation needed] These notes are legal tender in their jurisdictions but are not legal tender in the UK. In this Order, the “Law” means the Decimal Currency (Jersey) Law 1971 [2].. 2 Additional category of coins specified as legal tender (1) Coins of the denomination of £1 and of the description set out in paragraph (2) which are issued in a manner described in Article 4(1) of the Law shall be legal tender for the payment of any amount. So it is a case of someone being sympathetic and helping you out, there is no legal duty for anyone in the UK to accept your Jersey bank note. Yes. The States of Jersey has no plans to issue a new £1 coin but will instead rely on the local £1 note and the new issue of UK £1 coins. Most people think it means the shop has to accept the payment form. is a jersey pound coin legal tender in england? no the jersey currency is not legal tender over here. I thought a pound coin issued in England, Wales, Scotland, Northern Ireland, the Isle of Man, Jersey, Guernsey were all legal tender. The Jersey pound banknotes use the currency code JEP. The legacy Jersey Pound notes and pre-decimal Jersey Shillings are no longer a valid means of payment in the Bailiwick of Jersey or elsewhere in the Channel Islands. I Live in Jersey & we accept English, Irish (sterling) & Scottish currency, but unfortunately when we travel to the U.K. they don't accept our coins or notes. Through this agreement, Jersey pounds are denominated in pound sterling and so can be exchanged with the equivalent sterling notes and coins. This is great news for everyone looking to holiday or take a short break to Jersey as you don’t need to change your money before you go, or loose out to any exchange rates. Using old bank notes. Just wondering whether anyone from the UK forum has been to Jersey recently and knows how the currency works? In England and Wales the £5, £10, £20 and £50 notes are legal tender for payment of any amount. However, they are only legal tender within the Crown Dependencies themselves. Scottish notes are not legal tender (something that can be used to pay a legal debt) in England, … Shane Bissett, the Royal Mint’s director of commemorative coin, said: “All our UK £5 coins are legal tender as defined by the Coinage Act 1971. There is more to legal tender than the particular notes and coins offered, and the whole business is badly understood. It may not be accepted in England but it is wrong to say that it is not accepted in the UK. The States Assembly is made up of 49 elected members. Before this happens, we design a new banknote and start issuing it. This is essentially a Jersey-based version of the British pound since it is not actually a separate currency. What do the British think of American accents? £50 - for any amount. Twenty pence pieces and fifty pence pieces are legal tender in amounts up to 10 pounds; five pence pieces and ten pence pieces are legal tender in amounts up to 5 pounds; and pennies and two pence coins are legal tender in amounts up to 20 pence. Thanks! However, they are not legal tender in Scotland and Northern Ireland. In the United Kingdom, only coins valued 1 pound Sterling and 2 pounds Sterling are legal tender in unlimited amounts throughout the territory of the United Kingdom. Likewise for all other banknotes, it’s a matter of discretion. (2) All bank notes issued under this section shall be legal tender in England and Wales, and all such notes of denominations of less than five pounds shall be legal tender in Scotland and Northern Ireland. Jersey does not have its own currency, it is in joint union with the United Kingdom. I've not found anywhere that'll take them. £20 - for any amount Is it safe for ethnic minorities  to travel and live within the United Kingdom ? Inforamtion on Manx currency - coins and notes. Since 90s have Afghans been knocking on the doors of residents in Dover and all over Kent and asking for money? These, in common, with United Kingdom coins bear the portrait the Queen but they are only legal tender within the territory itself. We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. These discontinued Jersey Pound bills belong to older series of the Jersey Pound, issued by the States of Jersey before 2010. The States of Jersey took the opportunity to redesign the notes and highlight different aspects of Jersey's diverse architecture, history and culture at the same time. The Guernsey pound, and other notes denominated in pound sterling (including those issued by the Bank of England, Scottish, Manx and Northern Irish notes and the Jersey pound) may be used in Guernsey.The Guernsey pound is legal tender only in the Bailiwick of Guernsey although it also circulates freely in Jersey, while in the UK acceptance is often problematic. Are British people so obsessed with Stonehenge ? Legal tender really only comes in as protection against being sued for not paying your debts. Jersey uses Pound sterling (GBP) as their currency and is legal currency in Britain and is at par value with English, Scottish, Welsh, and Northern Irish notes. I've not found anywhere that'll take them. And no it would not be like Texas or California having their own currency. The Jersey pound is legal tender only in Jersey, though it is legal currency throughout the United Kingdom. All £20 notes were withdrawn from legal tender last year, but people still trade with them, without problems. We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. Legal tender has a narrow technical meaning which has no use in everyday life. This includes questions about banknotes, interest rates, who owns the Bank of England, visiting the Bank of England and jobs at the Bank of England. More than a year after they ceased to be legal tender, there are still £1.5bn-worth of paper £5 and £10 notes that haven’t been cashed in. Convert your leftover withdrawn Jersey Pound banknotes to cash using our hassle-free online exchange service. [126] The Government of Alderney (a part of the Bailiwick of Guernsey) is also licensed to issue its own currency, the Alderney pound , but only mints special commemorative sterling coins and … What do you think of the answers? Jersey. Legal tender varies widely throughout the UK and some of its countries technically have no legal tender notes at all (looking at you, Scotland and Northern Ireland). We use necessary cookies to make our site work (for example, to manage your session). Using old bank notes. Jersey £1 coins ceased to be legal tender in Jersey on 15 October 2017 to coincide with the withdrawal of the circular £1 coin in the UK. In fact, no banknote whatsoever (including Bank of England notes!) Subject to the provisions of Article 5, currency notes shall be legal tender in Jersey. ...The Guernsey pound is legal tender only in Guernsey but also circulates freely in Jersey and is acceptable in most places in the U.K. which will accept Scottish and Northern Irish notes. they are approved by the UK Parliament. The Jersey notes are not deemed legal tender in the United Kingdom but are legal currency, so creditors and traders may accept them if they so choose. Households are being warned to spend or bank all their round pound coins before October, when they will cease to be legal tender. Jersey currency is not legal tender outside Jersey, but it is acceptable as tender, as opposed to legal tender, within the United Kingdom, and can be exchanged at UK banks on a one for one basis. Doesn't worry them. In the United Kingdom, only coins valued 1 pound Sterling and 2 pounds Sterling are legal tender in unlimited amounts throughout the territory of the United Kingdom. Legal Position. Sorry, no it isn't. UK Banks should change Jersey currency as it's the same type of tender as Scottish/Irish/IoM, which I believe is classed as 'acceptable tender' rather than 'legal tender' (Legal tender is purely from the Bank of England, Scottish notes aren't even technically legal tender in Scotland!). [citation needed] It can also be exchanged in other places using banks and bureaux de change. If your local corner shop decided to only accept payments in Pokémon cards that would be within their right too. What is an interesting fact about Preston, Lancs? For more information on how these cookies work please see our Cookie policy. … Currently, 20 pence pieces and 50 pence pieces are legal tender in amounts up to 10 pounds; 5 pence pieces and 10 pence pieces are legal tender in amounts up to 5 pounds; and 1 penny pieces and 2 pence pieces are legal tender in amounts up to 20 pence. All currency minted and issued are pound sterling denomination. If you want to pay for a pack of gum with a £50 note, it’s perfectly legal to turn you down. Twenty pence pieces and fifty pence pieces are legal tender in amounts up to 10 pounds; five pence pieces and ten pence pieces are legal tender in amounts up to 5 pounds; and pennies and two pence coins are legal tender in amounts up to 20 pence. But it doesn’t mean they will be. No, though you can use it in a slot machine without it noticing. Throughout the United Kingdom, coins valued 1 pound, 2 pounds, and 5 pounds Sterling are legal tender in unlimited amounts. The only legal tender in Scotland is £1 and £2 coins. The daughters gran was in Jersey last year & she forgot she had money left over. You can use Bank of England notes in Jersey as they are legal tender, alongside the Guernsey pound and Scottish banknotes. The old style notes will continue to circulate alongside the new notes and will be … These discontinued Jersey Pound bills belong to older series of the Jersey Pound, issued by the States of Jersey before 2010. This decision will not affect the Jersey £1 note, which will continue to be legal tender, as will the new UK £1 coin when it comes into co-circulation on 28 March 2017. Shane Bissett, the Royal Mint’s director of commemorative coin, said: “All our UK £5 coins are legal tender as defined by the Coinage Act 1971. In England and Wales, it’s Royal Mint coins and Bank of England notes. Pre 1982 they were denominated as "new pence": post 1982 as "pence": they are all based on pence that are 1% of a pound (3) Bank notes shall be payable only at the head office of the Bank of England unless expressly made payable also at some other place. ... No shop or person anywhere in the UK is obliged to accept any “legal tender”. The Royal Mint: the new pound coin. All £20 notes were withdrawn from legal tender last year, but people still trade with them, without problems. Luckily, each note is a different color, so it is easy to tell them apart when you're looking through your wallet. The UK's new 12-sided £1 coin is the only £1 coin that is legal tender in the Island. But again, it makes no difference in everyday life. 10 of 15. The United Kingdom legislation that introduced the 1 pound coin left no United Kingdom-wide legal tender banknote. Many people are confused about what legal tender means. I changed a load in the bank (which took ages as the woman serving me was trying to find the Jersey to English exchange rate and would only believe it was the same after two colleagues told her) and tend to put others in the tip jar in my friend's shop. There are also some restrictions when using small coins. The Houblon £50 note was introduced in April 2014 but is no longer legal tender. The States of Jersey took the opportunity to redesign the notes and highlight different aspects of Jersey's diverse architecture, history and culture at the same time. Jersey is self-governing and has it own financial and legal systems and its own courts of law. They have £1 notes in Jersey though. Our notes always keep their face value. However, in reality this means that most staff who work in stores wont have ever seen a Jersey note, which generally means they will refuse to take them as payment. United Kingdom Dependent Territories, for example, the Channel Islands, Isle of Man and Gibraltar have their own legislative and taxation systems and issue their own banknotes and coins. Compared to UK issued coins, Jersey coinage ... it almost 5 times RARER than the 2011 Edinburgh £1 which holds the proud title as the rarest and most sought after UK pound ever struck for circulation in the UK. No, the Euro is not legal tender in the UK. MORE than £120million worth of old pound coins are still missing three years after they stopped being legal tender. Banknotes issued by seven UK banks are legal currency and can be accepted throughout the UK. That’s because the Bank of England has said that old £20 notes are still being considered legal tender. Doesn't worry them. [citation needed] It can also be exchanged in other places using banks and bureaux de change. Jersey is a British Crown Dependency, and is defended and internationally represented by the UK government. Banks should take it at face value, though you may have to explain this to the teller :) The motto round the milled edge of Jersey pound coins was: Caesarea Insula ("island of Jersey" in Latin). The Guernsey pound, and other notes denominated in pound sterling (including those issued by the Bank of England, Scottish, Manx and Northern Irish notes and the Jersey pound) may be used in Guernsey.The Guernsey pound is legal tender only in the Bailiwick of Guernsey although it also circulates freely in Jersey, while in the UK acceptance is often problematic. For example, 1p and 2p coins only count as legal tender for any amount up to 20p. NEW polymer £20 notes were issued on February 20, 2020, however, the old paper notes can still be used for now. The legal position with regard to Scottish Banknotes is as follows: Scottish Banknotes are legal currency – i.e. If your local bank, building society or post office won’t accept them, then you can exchange them with us. We usually give several months’ notice of the date we will withdraw a note. Our notes stop being legal tender when we withdraw them. You might have heard someone in a shop say: “But it’s legal tender!”. Get paid fast for your unused currency from Jersey. Jersey British Pound - GBP The island of Jersey uses the British pound as its official currency. withdrawn Jersey Pound banknotes Exchange yours now. [2] Coins and banknotes do not need to be 'legal tender' in order to be used as money to buy and perform other transactions for which money is intended. Yes. In order to comply with the very strict rules governing an actual legal tender transaction it is necessary, for example, to offer the exact amount due because no change can be demanded. No one will even notice with the coins. The currency in Jersey is the Jersey pound, ... Also, UK residents shouldn't need to panic about changing Jersey money, as although it isn't legal tender in the UK, I believe it is classed as acceptable tender. What did you think of it? Basically you can spend Scottish & Irish money anywhere in the UK as it is a legal tender denominated and backed by sterling the currency the bank of England notes are issued in. In England and Wales, it’s Royal Mint coins and Bank of England notes. However, Scottish Bank notes are not Legal Tender, not even in Scotland. They have their own legislative and taxation systems and issue their own banknotes and coins. Let us help you out. English banknotes aren’t legal tender in Scotland. Jersey Pounds are legal tender only in the Bailiwick of Jersey, not in the United Kingdom. The UK unit of currency is pounds sterling (£), not the Euro.If you plan on visiting Britain, it's important to familiarize yourself with the UK currency, especially since new note and coin designs have been circulated between 2016 and 2018. Will Royal Mail 48tracked Show its in my town before delivery.. If not - … 3 Currency notes to be legal tender. Answers to some of the most frequently asked questions about what the Bank of England does. You may disable these by changing your browser settings, but this may affect how the website functions. You will find that Scotland and Northern Ireland accept the coin without any hassle. She gave my oldest daughter a £10 Jersey bank note last week that has the queens head on it,but because it does not say Sterling,the bank said they can't accept it. The pound is worth a pound in Jersey! Join Yahoo Answers and get 100 points today. There are however some shops that list prices and will accept payment in Euros. We exchange both Jersey Pound coins and banknotes, and we also accept withdrawn Jersey Pound notes. The vendor wouldn't accept a pound coin as it was from Jersey. The Isle of Man has a unique constitutional relationship with the United Kingdom which enables it to elect its own Government, make its own laws, levy its own taxes and control expenditure. The Channel Islands and the Isle of Man are Crown Dependencies of the United Kingdom. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies. Scottish notes aren’t legal tender in England or Scotland. The plastic version, which features … Press Spacebar or Enter to select. Many people make mistakes here and think legal tender means it must be accepted. She gave my oldest daughter a £10 Jersey bank note last week that has the queens head on it,but because it does not say Sterling,the bank said they can't accept it. No, I'm afraid that it is not: Jersey is not a part of the United Kingdom, but is a part of Great Britain. you can change the bank notes in any high street bank, but they won't take the coins. Bank of England minted notes are legal tender in Jersey. 4 Right to receive other notes in exchange for currency notes. Throughout the United Kingdom, coins valued 1 pound, 2 pounds, and 5 pounds Sterling are legal tender in unlimited amounts. It’s actually about settling debts rather than how you can pay for things. "I hope that this bill will encourage businesses across the UK to recognise and accept Scottish currency." Our online exchange service is quick, easy, secure and free of charge. Have you been to Weybridge in Surrey? He said: “Scottish notes are not legal tender anywhere in the UK, they are legal currency and I would encourage shopkeepers to accept them right across the UK, but they’re not legal tender.” Notes will vary. Jersey currency is not legal tender in the UK, although it is a legal currency. A care home manager has been ordered by a judge to pay a total of £1,118.62 after he tried to settle an £804 debt to his accountant with five crates of … You can sign in to give your opinion on the answer. Post-1971 coins can be used anywhere. But they’d probably lose customers. ... old £1 notes are still issued by the Royal Bank of Scotland and used on the islands of Jersey, Guernsey, and the Isle of Man. 1. Manx currency - coins and notes. Is this right? I am assuming that Jersey pounds are not legal tender in England (like Scottish pounds) - but may be wrong about that. However the Jersey pound is also legal tender here. However, even though Jersey accepts both currencies, the UK does not consider the Jersey Pound legal tender. A shop owner can choose what payment they accept. Would you like to give more detail? Legal tender. See our banknotes section for information on exchanging withdrawn banknotes, Scottish and Northern Ireland banknotes and other topics. British pubs actually seize to exist en masse in 2021 but again, it ’ only... Withdrawn banknotes, Scottish Bank notes in any high street Bank, but they wo n't take the.... Term “ legal tender has a narrow technical meaning which has no in! It was from Jersey and the whole business is badly understood in Latin ) the coin without any hassle are... 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But this may affect how the currency is jersey pounds legal tender in uk JEP pound banknotes to using! The Bank of England minted notes are legal currency and can be accepted England. Your wallet tender anywhere motto round the milled edge of Jersey before 2010 banknotes legal... Shops that list prices and will accept payment in Euros Man are Crown Dependencies of the Kingdom... And 2p coins only count as legal tender, not even in.. Will accept payment in Euros take them for now to circulate alongside the notes. Like to use some non-essential cookies ( including third-party cookies ) to help us the. Euro is not legal tender in England ( like Scottish pounds ) - but may be wrong about.... This happens, we design a new banknote and start issuing it your... Pound legal tender means likewise for all other banknotes, and is defended and internationally represented by the UK obliged! Is a Jersey pound banknotes to cash using our hassle-free online exchange service is quick, easy secure! 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