Stores not taking old pound coins today...?

[anonymous-user]

The old ones may still be useful for a few shopping trolleys, gym lockers, and rubbishy car park machines for a bit. I was just offered three old quids in change in a shop, but I politely declined them and explained that they needed to go to the bank.

[Rude-boy]

Breadvan72 said:

The old ones may still be useful for a few shopping trolleys, gym lockers, and rubbishy car park machines for a bit. I was just offered three old quids in change in a shop, but I politely declined them and explained that they needed to go to the bank.

Because i am a bit odd i keep 'unusual change' that i find at the end of the day in my pocket.

In the last twelve months i seem to have collected a washer, a few 1 cent pieces, a couple of Euros, a Deutsche Mark, a quarter and an old paper £5 note that wasn't even the last of the paper ones...

Part of the fun of life is working out how you didn't spot that one of those 1p's was a 1cent or even how the hell i took a washer (unbroken) in change!

[anonymous-user]

Gettones, the tokens that were used for the pay phones in Italian bars, have found new life as air pump tokens at garages, which is quite fun.

[anonymous-user]

PAULJ5555 said:

Just plonk them on the counter and walk out - you have then paid.

You haven't as they are no longer legal tender.

Edited by anonymous-user on Monday 16th October 20:20

[832ark]

desolate said:

Your haven't as they are no longer legal tender.

That’s got nothing to do with it.

[anonymous-user]

832ark said:

That’s got nothing to do with it.

Why not?

[poo at Paul's]

QuickQuack said:

I think you'll find that the old £1 coin stoped being legal tender a day earlier, on Saturday 15th October,

[poo at Paul's]

HantsRat said:

poo at Paul's said:

I suggested if they didn't want to accept legal tender after 4pm, they should close at 4pm.

It was not legal tender. You were wrong.

Again, why not?

Per the Telegraph Money page, they were legal tender until 23.59 Sunday 15th October.

The shop told me Lidl and Aldi were still taking them, but they don't do wallpaper strippers!.

[Vaud]

poo at Paul's said:

Again, why not?

Per the Telegraph Money page, they were legal tender until 23.59 Sunday 15th October.

The shop told me Lidl and Aldi were still taking them, but they don't do wallpaper strippers!.

Even better than The Telegraph, the Royal Mint says the same!

[lee_fr200]

Our fruit machines are still taking new and old we don't care we just bank them

Some machines still have old pounds in the hoppers too, slowly sorting them though

[QuickQuack]

Vaud said:

QuickQuack said:

I think you'll find that the old £1 coin stoped being legal tender a day earlier, on Saturday 15th October, so unfortunately you seem to be the one at fault here as you're trying to pay for your purchase with non-legal tender which shops, indeed even banks, are not obliged to accept. Withdrawn banknotes and demonetised coins stop being legal tender on the date of withdrawal although the face value is guaranteed to be paid out by BoE for all time.

I think you will fin that you are wrong.

"The legal tender status of the round £1 coin will be withdrawn from 23.59 on Sunday 15th October 2017"

https://www.thenewpoundcoin.com/

Ah, my bad, sorry! Shouldn't have posted after midnight and a couple of glasses of wine...

[QuickQuack]

Having said all of that, nobody is obliged to accept a particular form of payment, legal tender or otherwise.

Bank of England said:

What is legal tender?

Legal tender has a very narrow and technical meaning, which relates to settling debts. It means that if you are in debt to someone then you can’t be sued for non-payment if you offer full payment of your debts in legal tender.

Does legal tender status matter for everyday transactions?

No. Whether you pay with banknotes, coins, debit cards or anything else as payment is a decision between you and the other person involved in the transaction.

In addition, shops are not obliged to accept legal tender.

Interesting statement on the Bank of England website aimed at all those Scots who claim that Scottish banknotes are legal tender and must be accepted for payment:

Bank of England said:

What is not legal tender?

There are many acceptable payment methods which aren’t technically legal tender. This is why the term ‘legal tender’ has little use in ordinary everyday transactions.

Most shops accept payment by debit or credit card, and some accept cheques and contactless payments. These are safe and convenient ways to pay, despite not being classed as legal tender.

The same is true for Scottish and Northern Ireland banknotes. Seven banks in Scotland and Northern Ireland are authorised to issue banknotes. These notes make up the majority of banknotes in Scotland and Northern Ireland and legislation is in place to ensure that noteholders have a similar level of protection as they would for Bank of England notes. Despite this, Scottish and Northern Ireland banknotes are not classified as legal tender anywhere in the UK. Equally, Bank of England notes are not legal tender in Scotland and Northern Ireland.

In essence, there seem to be NO banknotes which are "legal tender" in Scotland, not even their own!

[QuickQuack]

poo at Paul's said:

QuickQuack said:

I think you'll find that the old £1 coin stoped being legal tender a day earlier, on Saturday 15th October,

Too late and too much wine, sorry!

[Red Devil]

832ark said:

They were never obliged to accept them at all or any other form of payment for that matter. I think the OP has no concept of what ‘legal tender’ actually means.

That's called dancing on the head of a pin (aka semantics). If no form of payment were accepted trade would come to a shuddering halt.
What is classed as legal tender varies throughout the UK. In England and Wales, legal tender is Royal Mint coins and Bank of England notes. In Scotland and Northern Ireland only Royal Mint coins are legal tender

QBee said:

By the way, I think that shops etc are not compelled to allow you to use say 10,000 one penny coins to pay a £100 bill. I believe there is a reasonableness clause in the legislation that covers such matters.

The maximum legal tender for 1p and 2p coins is much lower than you might think.
Throughout the UK, there are some restrictions when using the lower value coins as legal tender. For example, 1p and 2p coins only count as legal tender for any amount up to 20p.

http://edu.bankofengland.co.uk/knowledgebank/what-...

The Charles Darwin £10 note is next for the axe in 2018. The new polymer Jane Austen version was introduced just over 1 month ago.
http://www.bankofengland.co.uk/banknotes/Pages/abo...

[832ark]

Red Devil said:

832ark said:

They were never obliged to accept them at all or any other form of payment for that matter. I think the OP has no concept of what ‘legal tender’ actually means.

That's called dancing on the head of a pin (aka semantics). If no form of payment were accepted trade would come to a shuddering halt.
What is classed as legal tender varies throughout the UK. In England and Wales, legal tender is Royal Mint coins and Bank of England notes. In Scotland and Northern Ireland only Royal Mint coins are legal tender

QBee said:

By the way, I think that shops etc are not compelled to allow you to use say 10,000 one penny coins to pay a £100 bill. I believe there is a reasonableness clause in the legislation that covers such matters.

The maximum legal tender for 1p and 2p coins is much lower than you might think.
Throughout the UK, there are some restrictions when using the lower value coins as legal tender. For example, 1p and 2p coins only count as legal tender for any amount up to 20p.

http://edu.bankofengland.co.uk/knowledgebank/what-...

The Charles Darwin £10 note is next for the axe in 2018. The new polymer Jane Austen version was introduced just over 1 month ago.
http://www.bankofengland.co.uk/banknotes/Pages/abo...

My point was that any shops who wanted to refuse the old coins earlier than the deadline were perfectly entitled to do so, just as many will refuse £50 notes. Anyone banging on about how these shops were breaking the law, refusing to accept legal tender etc is just a moron.

[SantaBarbara]

Morrisons are still accepting the round pounds.

[Vaud]

832ark said:

My point was that any shops who wanted to refuse the old coins earlier than the deadline were perfectly entitled to do so, just as many will refuse £50 notes. Anyone banging on about how these shops were breaking the law, refusing to accept legal tender etc is just a moron.

I think it is a step too far to call them morons.

Offering a shop 2x£1 coins that are still in circulation (and not yet withdrawn) for a £2 cup of coffee would be deemed "common sense".

That there are nuances to "legal tender" fails a basic "man on the street" test.

[Hol]

Vaud said:

832ark said:

My point was that any shops who wanted to refuse the old coins earlier than the deadline were perfectly entitled to do so, just as many will refuse £50 notes. Anyone banging on about how these shops were breaking the law, refusing to accept legal tender etc is just a moron.

I think it is a step too far to call them morons.

Offering a shop 2x£1 coins that are still in circulation (and not yet withdrawn) for a £2 cup of coffee would be deemed "common sense".

That there are nuances to "legal tender" fails a basic "man on the street" test.

However, your concept fails when that particular man on the street makes an incorrect assumption and digs his heals in, totally ignoring any suggestions that his off the wall assumption is wrong.

A bit like... complaining that some company makes a totally legal commercial decision on a deadline, that seemingly contradicts a newspaper article that references a central bank directive.

Pub logic..

[Buster73]

Emptied my change bottle the other week , it had £21 of the now superceded coins , went to the paper shop and bought a few bits and bobs and the rest went on unsuccessful lottery tickets last Wednesday .

We've all had plenty of notice , but some still have to be a bit of an arse about it and kick up a fuss over nowt as usual.

Added to which some retailers muddy the waters by getting some free advertising by extending their deadlines .

Not really a complex issue to sort out is it ?

[Kateg28]

Tesco gave us 2 old pound coins in our change last night. The guy at the till (very nice chap) was confused why we didn't want them but swapped them for new ones happily enough.