Tuesday, October 10, 2017

Here we go again...

The "round pound" coin is being withdrawn from circulation next Sunday - so does that mean if you have any left they become worthless after that?  No.  Once again the concept of "legal tender" is being misunderstood.  You may want to read my posts dated 4/12/05 and 17/5/12 before you go any further.  So after next Sunday they cease to be legal tender, but that's all.  As far as using them to pay for stuff, it's down to the shopkeeper or whoever you're dealing with - they can choose to accept them if they want to.  And you can always pay them into a bank - the Bank Of England if all else fails,

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