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Are 5 coins legal tender in the UK?

Updated: 4/28/2022
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9y ago

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I not sure as to the meaning of the question? The first five legal tender coins in the UK are: 1p, 2p, 5p, 10p, 20p (p meaning pence).

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Q: Are 5 coins legal tender in the UK?
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Is payment in coin - pennies - considered legal tender?

In the United Kingdom - 1 and 2 Pence coins are legal tender for amounts up to 20 Pence. 5 and 10 Pence coins are legal tender for amounts up to Five Pounds. 20 and 50 Pence coins are legal tender for amounts up to Ten Pounds. One, Two and Five Pound coins are legal tender for any amount. Australia and New Zealand have similar limitations to the UK on low denomination coins. In the USA - All circulating US coins and banknotes are legal tender for all debts and charges. (A retailer might reasonably refuse payment of large amounts in one cent coins due to the practicality of dealing with a wheelbarrow load of coins.)


What is the maximum legal tender of 50 Pence pieces?

Current policy on British coins as legal tender is - 20 pence pieces, 25 pence coins 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; 1 penny pieces and 2 pence pieces are legal tender in amounts up to 20 pence.


Can you still use five pound coins?

yes 5 pound coins are legal tender


What is highest valued coin?

In the UK we have a commemorative five pound (£5) coin. Five pound coins are legal tender, but are intended as souvenirs and are not usually seen in circulation.


How much money is a shilling in American money?

Shillings are no longer legal tender in the UK and there is no direct currency exchange because of that. A shilling (UK) was a pre-decimal coin worth 12 old pence. After the UK decimalised its currency in 1971 most of the pre-decimal coins continued to remain legal tender but had their value changed, so a shilling became worth 5 new pence, a sixpence was worth 2 1/2 etc. Over the following months many of the old coins were withdrawn from circulation and ceased to be legal tender, but the shilling and 2 shilling coins (worth 5p and 10p) continued to be legal tender until the early 1990's when they were replace by coins what were much smaller, a size that is legal tender still. If the coin was still legal tender it would be worth about $0.08. currently the coins only value is as a collectable/antique, and so it depends on the year and condition of the coin. The value was much higher in the past - a shilling in 1830 might have been the equivalent of $30 today.


Are 5 pound coins legal tender?

Yes but remember, it will be worth a lot more than 5 pounds in years to come.


Can you pay a 30p fine in 20 1p coins and 5 2p coins or is that not allowed?

Yes this amount at cash is considered "Legal Tender" and can not be refused.


Can you spend old British coins?

Most likely no. Most British predecimal coins are no longer legal tender. The predecimal Crown was never demonetised and is still legal tender. The decimal Halfpenny, the larger pre-1990 5 Pence, the larger pre-1991 10 Pence and the larger pre-1997 50 Pence have all been demonetised and are no longer legal tender. The Commemorative 25 Pence and Five Pound (Crown) coins are legal tender, but not intended to be circulated. All other British decimal coins should be all right to spend.


Is a British Two Pound coin legal tender?

Yes, the Five Pound (Crown) coin is legal tender in the United Kingdom in values up to any amount. Despite being fully legal tender the Five Pound (Crown) coin will often be refused in shops simply because it is not commonly seen in circulation. The reason for this is that, though the coin is of a standard size and weight, it has no standard face designs, the coins are always of a commemorative nature and so are often kept away in private collections. There is no way to force an individual to accept any form of payment, including legal tender. Transactions in the UK are always a mutual agreement between two parties. The Post Office have stated that they are happy to receive the coin as payment for goods and services. A bank should also be able to exchange the coin for change or a banknote, or you can deposit it into an account.


Is the 2000 5 dollar coin legal currency?

The US mint did not release any $5 coins in 2000. As for other countries, yes, some of them did release $5 coins that are legal tender in those countries but are made as commemorative or bullion coins and worth much, much, much, more than face value.


Can you use your new pence coin in Canada?

No. The "New Pence" coins are British, Canada has their own currency. The British 5, 10 and 50 "New Pence" coins are no longer legal tender in Britain.


Does legal tender ensure the acceptability of money?

"Can Legal Tender be refused as payment to settle a debt?", the short answer is no, but there are a lot of "buts" and "what ifs" with Legal Tender and it varies from country to country. As far as Great Britain is concerned, any demonetised coin or banknote such as the One Pound note or the Half New Penny, etc. are no longer Legal Tender. 1 and 2 Penny coins are Legal Tender in amounts up to 20 Pence. 5 and 10 Pence coins are Legal Tender in amounts up to Five Pounds. 20 and 50 Pence coins are Legal Tender in amounts up to Ten Pounds. One, Two and Five Pound coins are Legal Tender up to any amount, as are banknotes. The currencies of Scotland and Northern Ireland are not Legal Tender in England and Wales (and vice-versa), but are accepted on the basis of them being a Promissory Note by mutual agreement between the banks concerned. A shopkeeper is entitled to refuse payment if the coins or banknotes are mangled, mutilated or torn or, he cannot make change for a small purchase from a large banknote. An unacceptable coin is one where the main design features cannot be seen clearly for any reason. An unacceptable banknote is one that may have been torn in half or been washed and the colours and design are no longer visible or the paper is pulped.