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 International Coin & Currency Collecting
 World Banknotes and Other Related Items
 Private-issue Scottish banknotes
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AGgressive Metal
Administrator


USA
1937 Posts

Posted - 07/19/2010 :  20:46:34  Show Profile Send AGgressive Metal a Private Message
For those who don't know, there are several banks in Scotland and Northern Ireland that are either grandfathered in to the Bank of England system or are somehow or another allowed to issue their own banknotes backed by British Pounds. They are fairly rare comapred to regular Pound notes and thus collectible. They are legal for use anywhere in the UK, but generally they are only accepted in Scotland, border towns, and banks (since many English/Welsh aren't familiar with them).

Here are some of mine:


And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484

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BCNumismatics
Penny Sorter Member



New Zealand
77 Posts

Posted - 07/22/2010 :  04:57:04  Show Profile Send BCNumismatics a Private Message
No banknotes are legal tender in Scotland or Northern Ireland,not even the Bank of England's notes are.

Have a read here; You must be logged in to see this link. & You must be logged in to see this link. .

This article has more information; You must be logged in to see this link. .

Aidan.

Aidan Work.

My numismatic photos can be found here; http://www.coinforums.com/gallery/u6-bcnumismatics.html .

Please let me know what you think.
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psi
Penny Collector Member



Canada
399 Posts

Posted - 07/22/2010 :  09:30:51  Show Profile Send psi a Private Message
There was a major bank robbery (mentioned in the N. Ireland banknote article) where 26.5 million pounds in Northern Bank notes were stolen. Since the bank that was robbed was the issuing body, they were able to respond by changing their designs drastically, making the stolen notes very difficult to spend.
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AGgressive Metal
Administrator



USA
1937 Posts

Posted - 07/22/2010 :  13:05:07  Show Profile Send AGgressive Metal a Private Message
One pound notes are legal tender in Scotland I thought. Maybe just one pound coins.

Scottish notes can legally be used anywhere in the UK, but they are not legal tender.

And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484
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uthminsta
1000+ Penny Miser Member



USA
1872 Posts

Posted - 07/22/2010 :  16:20:58  Show Profile Send uthminsta a Private Message
Sweet lookin notes.

Come to the new and improved realcent: http://realcent.org
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BCNumismatics
Penny Sorter Member



New Zealand
77 Posts

Posted - 08/24/2010 :  21:09:13  Show Profile Send BCNumismatics a Private Message
quote:
Originally posted by AGgressive Metal

One pound notes are legal tender in Scotland I thought. Maybe just one pound coins.

Scottish notes can legally be used anywhere in the UK, but they are not legal tender.



The concept of 'legal tender' does NOT exist in Scots law,as Scots law is a civil law system,as opposed to the common law system that is used in England.

Aidan.

Aidan Work.

My numismatic photos can be found here; http://www.coinforums.com/gallery/u6-bcnumismatics.html .

Please let me know what you think.
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AGgressive Metal
Administrator



USA
1937 Posts

Posted - 08/24/2010 :  21:35:44  Show Profile Send AGgressive Metal a Private Message
One pound coins are definitely legal tender in Scotland. One, two, and five pound coins are legal tender everywhere in United Kingdom to any amount.

And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484

Edited by - AGgressive Metal on 08/24/2010 21:41:17
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