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Replacing the existing notes and coins in circulation is expected to be a lengthy process, so we will still be spending money with Queen Elizabeth II on for some time to come. The Bank of England first issued its new polymer £20 note in February 2020 whilst the new £50 note was first issued on 23 June 2021, featuring the scientist Alan Turing. The last day you can use the paper £20 and £50 notes is 30 September this year, meaning the process of recall and replacement has taken a total of 19 months.
So just five days left to spend the old paper notes. If anyone is left with some, do they just become worthless by next week or how does it all work ?
Can still pay them into the bank, but not sure how it works for some who doesnt have a UK bank account. The post office might exchange them, but not 100% on that one.
Banks tend to be fussy about it unless you bank with them. So easier if people are near their own branch (which has likely closed) to change it.Can still pay them into the bank, but not sure how it works for some who doesnt have a UK bank account. The post office might exchange them, but not 100% on that one.
Will it be the same with stamps ? Not that they are very dear but still, it would be a bit of a waste not using them. I only have my own simple logic thinking to work on but in my head it would be easier to produce new stamps with your new Monarch than it would be producing new money ?
Yes they will be invalid. Send them to me and I'll take care of them for youWith the risk of sounding insensitive, sorry, but with your Queen's passing will that make the Sterling notes and postcard stamps I have left from my recent trip back over invalid by the time am back over next year or will they still be useful ?
Yes they will be invalid. Send them to me and I'll take care of them for you
That only lasts for a few months after expiry date however, your going to have to trust me on that.Self service checkout took a paper £50 which I was surprised at. Might be an idea of people don't want the hassle of someone asking a million questions
With the risk of sounding insensitive, sorry, but with your Queen's passing will that make the Sterling notes and postcard stamps I have left from my recent trip back over invalid by the time am back over next year or will they still be useful ?
Streets are paved with goldI have only had £50 notes once in my life.
They were given to me by a Londoner.
He gave me £7,000. Kerching.Streets are paved with gold
They are minted,the coin and the LondonersHe gave me £7,000. Kerching.
This bloke was. He had a massive wad of money on him.They are minted,the coin and the Londoners
Plus it's odd we rarely have them yet you get 50 euro notes out of Atms all of the time abroad and its no big deal at allIt's odd that few places accept £50's given their current value must be similar to £20, 30 odd years ago. But 30 odd years ago, £20's were quite common & readily accepted.
Mind with electronic payments these days, it pretty much renders high value notes pointless