|Legal Tender Coins & Currency...|
|Legal Tender & British Coins|
|Denomination||Legal Tender Limit|
|£5 Crown||Any Amount|
|25 Pence (Older Crowns)||£10|
Can I use Commemorative Crowns as ordinary coins? Why are some of them worth more than others?
These coins, as the name suggests, are issued to commemorate special occasions of national importance. They are intended to be souvenirs rather than ordinary circulation coins.
Crowns had a face value of 25p from 1971. In 1990 the face value was increased to £5 to give the coin a value consistent with its weight and size in relation to those of other current coins.
While each crown issue is authorised by Royal Proclamation in accordance with the requirements laid down by the coinage act 1971. This means that in common with other coins in general circulation a crown has legal tender status.
Most people would not wish to exchange a crown coin, but in recognition of the fact that some people may wish to do so, post offices have agreed to accept crowns in exchange for goods and services.
Can I use coinage from the Channel Islands or the Isle of Man?
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. These, in common, with United Kingdom coins bear the portrait the Queen but they are only legal tender within the territory itself.
Legal tender in England and Wales
Bank of England notes are the only banknotes that are legal tender in England and Wales. United Kingdom coinage is legal tender, but not in unlimited amounts for coins below £1.
Scottish and Northern Ireland banknotes, and Jersey, Guernsey, Manx and Gibraltar coinage and banknotes are not legal tender in England and Wales. However, they are not illegal under English law and creditors and traders may accept them if they so choose.
During early 2011 Tesco refused payment for petrol in £1 coins, read the full story on our
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