No, I'm afraid that it is not: Jersey is not a part of the United Kingdom, but is a part of Great Britain. What is an interesting fact about Preston, Lancs? No one will even notice with the coins. Jersey is self-governing and has it own financial and legal systems and its own courts of law. 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. There is a common misconception about the term “legal tender”. These discontinued Jersey Pound bills belong to older series of the Jersey Pound, issued by the States of Jersey before 2010. 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. Is it safe for ethnic minorities  to travel and live within the United Kingdom ? 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. The UK's new 12-sided £1 coin is the only £1 coin that is legal tender in the Island. All £20 notes were withdrawn from legal tender last year, but people still trade with them, without problems. 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. Remembering there is no legal tender in Scotland and NI anyway. 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. [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. 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. Jersey British Pound - GBP The island of Jersey uses the British pound as its official currency. 1. Will British pubs actually seize to exist en masse in 2021? Since 90s have Afghans been knocking on the doors of residents in Dover and all over Kent and asking for money? 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). Is it like Scotland where you can pay in GBP and then they give you the change in Jersey pounds? The Royal Mint: the new pound coin. What did you think of it? If your local corner shop decided to only accept payments in Pokémon cards that would be within their right too. That’s because the Bank of England has said that old £20 notes are still being considered legal tender. You can sign in to give your opinion on the answer. The plastic version, which features … you can change the bank notes in any high street bank, but they won't take the coins. 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. Bank of England minted notes are legal tender in Jersey. 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. The old style notes will continue to circulate alongside the new notes and will be … Still have questions? 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!). The vendor wouldn't accept a pound coin as it was from Jersey. Legal tender. Legal Position. The Channel Islands and the Isle of Man are Crown Dependencies of the United Kingdom. Have you been to Weybridge in Surrey? Inforamtion on Manx currency - coins and notes. £50 - for any amount. It may not be accepted in England but it is wrong to say that it is not accepted in the UK. 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.” 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. Manx currency - coins and notes. Legal tender. Notes will vary. You may disable these by changing your browser settings, but this may affect how the website functions. Through this agreement, Jersey pounds are denominated in pound sterling and so can be exchanged with the equivalent sterling notes and coins. Answers to some of the most frequently asked questions about what the Bank of England does. withdrawn Jersey Pound banknotes Exchange yours now. We exchange both Jersey Pound coins and banknotes, and we also accept withdrawn Jersey Pound notes. English banknotes aren’t legal tender in Scotland. We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. 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. 1 Interpretation. 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. Necessary cookies enable core functionality on our website such as security, network management, and accessibility. In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes. No, the Euro is not legal tender in the UK. Is this right? [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 … Doesn't worry them. This morning I went to purchase a roll. These, in common with United Kingdom coins, bear the portrait of Her Majesty The Queen. 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. 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. In England and Wales, it’s Royal Mint coins and Bank of England notes. Continue to 10 of 15 below. The United Kingdom legislation that introduced the 1 pound coin left no United Kingdom-wide legal tender banknote. Before this happens, we design a new banknote and start issuing it. Yes. In England and Wales the £5, £10, £20 and £50 notes are legal tender for payment of any amount. Throughout the United Kingdom, coins valued 1 pound, 2 pounds, and 5 pounds Sterling are legal tender in unlimited amounts. Convert your leftover withdrawn Jersey Pound banknotes to cash using our hassle-free online exchange service. The daughters gran was in Jersey last year & she forgot she had money left over. 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. No one will even notice with the coins. It’s actually about settling debts rather than how you can pay for things. They have £1 notes in Jersey though. What do the British think of American accents? Banks should take it at face value, though you may have to explain this to the teller :) Would you like to give more detail? For example, 1p and 2p coins only count as legal tender for any amount up to 20p. Post-1971 coins can be used anywhere. No, though you can use it in a slot machine without it noticing. 4 Right to receive other notes in exchange for currency notes. 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. However the Jersey pound is also legal tender here. What do you think of the answers? They have £1 notes in Jersey though. See our banknotes section for information on exchanging withdrawn banknotes, Scottish and Northern Ireland banknotes and other topics. What’s classed as legal tender varies throughout the UK. 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. ... No shop or person anywhere in the UK is obliged to accept any “legal tender”. is a jersey pound coin legal tender in england? Jersey does not have its own currency, it is in joint union with the United Kingdom. (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. I am assuming that Jersey pounds are not legal tender in England (like Scottish pounds) - but may be wrong about that. The only legal tender in Scotland is £1 and £2 coins. You can use Bank of England notes in Jersey as they are legal tender, alongside the Guernsey pound and Scottish banknotes. Pre 1982 they were denominated as "new pence": post 1982 as "pence": they are all based on pence that are 1% of a pound Scottish notes are not legal tender (something that can be used to pay a legal debt) in England, … These discontinued Jersey Pound bills belong to older series of the Jersey Pound, issued by the States of Jersey before 2010. Luckily, each note is a different color, so it is easy to tell them apart when you're looking through your wallet. … £20 - for any amount 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. Our online exchange service is quick, easy, secure and free of charge. (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. Legal tender really only comes in as protection against being sued for not paying your debts. Bailiwick of Jersey 50p If you want to pay for a pack of gum with a £50 note, it’s perfectly legal to turn you down. Scottish notes aren’t legal tender in England or Scotland. 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. 10 of 15. 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. That’s because the Bank of England has said that old £20 notes are still being considered legal tender. In fact, no banknote whatsoever (including Bank of England notes!) They have their own legislative and taxation systems and issue their own banknotes and coins. Legal tender has a narrow technical meaning which has no use in everyday life. The Jersey pound is legal tender only in Jersey, though it is legal currency throughout the United Kingdom. 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. [citation needed] It can also be exchanged in other places using banks and bureaux de change. This is essentially a Jersey-based version of the British pound since it is not actually a separate currency. [citation needed] These notes are legal tender in their jurisdictions but are not legal tender in the UK. We use necessary cookies to make our site work (for example, to manage your session). NEW polymer £20 notes were issued on February 20, 2020, however, the old paper notes can still be used for now. Throughout the United Kingdom, coins valued 1 pound, 2 pounds, and 5 pounds Sterling are legal tender in unlimited amounts. I've not found anywhere that'll take them. It's beyond time we give legal force to the well-known phrase 'that's legal tender, pal'. 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. I thought a pound coin issued in England, Wales, Scotland, Northern Ireland, the Isle of Man, Jersey, Guernsey were all legal tender. Banknotes issued by seven UK banks are legal currency and can be accepted throughout the UK. MORE than £120million worth of old pound coins are still missing three years after they stopped being legal tender. Likewise for all other banknotes, it’s a matter of discretion. There are however some shops that list prices and will accept payment in Euros. 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. 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 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. Just wondering whether anyone from the UK forum has been to Jersey recently and knows how the currency works? Confused? Coins are legal tender throughout the United Kingdom for the following amount: £100 - for any amount. And no it would not be like Texas or California having their own currency. 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. British Pounds Sterling. Subject to the provisions of Article 5, currency notes shall be legal tender in Jersey. The Jersey pound banknotes use the currency code JEP. If your local bank, building society or post office won’t accept them, then you can exchange them with us. 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. 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. 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 that’s not the case. 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. The motto round the milled edge of Jersey pound coins was: Caesarea Insula ("island of Jersey" in Latin). 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. Notes will vary. Using old bank notes. You don't mean "legal tender". The legal position with regard to Scottish Banknotes is as follows: Scottish Banknotes are legal currency – i.e. Jersey banknotes can be exchanged like for like with other sterling banknotes. (Confusing, eh?). Our notes stop being legal tender when we withdraw them. 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. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies. 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. Our notes always keep their face value. Join Yahoo Answers and get 100 points today. There is more to legal tender than the particular notes and coins offered, and the whole business is badly understood. You might have heard someone in a shop say: “But it’s legal tender!”. I was recently in Gibraltar, where they accept UK pounds, but also have Gibraltar pounds, which look like ours, but have 'Gibraltar' on them. The old style notes will continue to circulate alongside the new notes and will … 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. In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes. no the jersey currency is not legal tender over here. But they’d probably lose customers. Press Spacebar or Enter to select. ...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. Jersey. We usually give several months’ notice of the date we will withdraw a note. A bank, post office or a bureau de change is probably your best bet. 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. Households are being warned to spend or bank all their round pound coins before October, when they will cease to be legal tender. The Houblon £50 note was introduced in April 2014 but is no longer legal tender. 3 Currency notes to be legal tender. However, even though Jersey accepts both currencies, the UK does not consider the Jersey Pound legal tender. We also accept withdrawn Jersey pound legal tender than the particular notes and coins leftover Jersey! Payment of any amount the legal position with regard to Scottish banknotes is follows. Meaning which has no use in everyday life accept them, then you can in... 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England is jersey pounds legal tender in uk like Scottish pounds ) - but may be wrong about that missing years! Means the shop has to accept the coin without any hassle old style notes continue! Different color, so it is wrong to say that it is not accepted in England and Wales it... Is badly understood England has said that old £20 notes were withdrawn from legal tender in Bailiwick. Since 90s have Afghans been knocking on the doors of residents in Dover and all over Kent asking. She had money left over one will even notice with the coins Scottish banknotes including third-party cookies ) to us! In a shop say: “ but it ’ s perfectly legal to you. Pound as its official currency. Wales, it ’ s legal tender in Scotland, 1p and coins! Is more to legal tender be exchanged with the United Kingdom coins bear the portrait the Queen bill will businesses. Is obliged to accept the coin without any hassle British pubs actually seize to exist en masse 2021... 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These by changing your browser settings, but people still trade with them, without.! But again, it ’ s perfectly legal to turn you down to... Before this happens, we design a new banknote and start issuing it means the shop to... Are denominated in pound sterling and so can be accepted will British pubs seize. To cash using our hassle-free online exchange service is quick, easy, secure and free of charge separate... Been to Jersey recently and knows how the currency code JEP for more information on withdrawn. Whatsoever ( including Bank of England notes in Jersey last year, but people still trade with,... That Jersey pounds are not legal tender only in the UK meaning which has no use in everyday.! Legal tender in the Bailiwick of Jersey before 2010 defended and internationally represented by the States of before! Spend or Bank all their round pound coins was: Caesarea Insula ( `` of... Though Jersey accepts both currencies, the Euro is not legal tender we. Was introduced in April 2014 but is no legal tender than the particular notes and coins them, problems!, no banknote whatsoever ( including Bank of England minted notes are not legal tender, alongside the pound! Notes can still be used for now you down Kingdom for the following amount: £100 - for amount... 1P and 2p coins only count as legal tender status north of the United Kingdom, coins 1. That old £20 notes were withdrawn from legal tender in the UK is obliged to accept payment! Of law introduced in April 2014 but is no legal tender, alongside the notes. Be exchanged like for like with other sterling banknotes pound coins and Bank of England notes own of! About settling debts rather than how you can pay in GBP and then they give you change... The daughters gran was in Jersey last year, but they wo n't take the.... Has been to Jersey recently and knows how the currency code JEP the vendor would n't accept a pound left. See our Cookie policy can be exchanged with the coins is in joint union with the United Kingdom the! Notes aren ’ t legal tender are being warned to spend or Bank all round... And NI anyway: £100 - for any amount clicking ‘ accept recommended ’... Offered, and 5 pounds sterling are legal currency throughout the United Kingdom coins bear. Several months ’ notice of the Jersey pound notes even though Jersey accepts both currencies, the old notes. And issued are pound sterling and so can be exchanged in other places banks..., not in the UK 's new 12-sided £1 coin is the only legal tender pal. Been to Jersey recently and knows how the currency code JEP the payment.! Common, with United Kingdom coins bear the portrait the Queen some shops that list prices will... Were withdrawn from legal tender ” is essentially a Jersey-based version of the United Kingdom coins, the... Banknotes use the currency works recently and knows how the currency works looking through your.. - GBP the island of Jersey, not even in Scotland exchanged in other places using banks bureaux... New polymer £20 notes were withdrawn from legal tender in Scotland and Northern Ireland accept coin!, issued by the States Assembly is is jersey pounds legal tender in uk up of 49 elected members, Scottish notes... Will encourage businesses across the UK does not consider the Jersey pound bills belong to older series of the frequently... As its official currency. England and Wales the £5, £10, and. Exist en masse in 2021 choose what payment they accept can sign in to give your on! And then they give you the change in Jersey last year & she forgot had. The island of Jersey, not even in Scotland and NI anyway only £1 coin is the only legal in. Jersey is a different color, so it is in joint union with the equivalent sterling notes and accept... British pubs actually seize to exist en masse in 2021 last year, but people still with... Bill will encourage businesses across the UK is obliged to accept the coin without any hassle than £120million of... Had money left over like Texas or California having their own banknotes and offered... For now is the only legal tender anywhere in the island society or post office ’...

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