£10 sterling???

Question

at a shop the shopkeeper gave me £10 sterling it says glasgow it is from scotland can you use it in england???

Answer 1

You can spend Scottish notes in England and they are exactly equivalent to their English counterpart on a one for one commission free basis. If changing Sterling abroad, do not accept an inferior rate for changing Scottish notes than is being offered for English notes as the two are equivalent. You are very unlikely to encounter problems spending Scottish money in England, I did it for many years and was never refused.

All Scottish banks have the right to print their own notes. Three choose to do so: The Bank of Scotland (founded 1695), The Royal Bank of Scotland (founded 1727) and the Clydesdale Bank (owned by National Australia Bank). Only the Royal Bank prints pound notes. All the banks print 5,10,20 and 100 notes. Only the Bank of Scotland and Clydesdale Bank print 50 pound notes.

Scottish bank notes are not legal tender in Scotland. English bank notes of denomination less than 5UKP were legal tender in Scotland under Currency and Bank Notes Act 1954. Now, with the removal of BoE 1UKP notes, only coins constitute legal tender in Scotland. English bank notes are only legal tender in England, Wales, The Channel Islands and the Isle of Man. In Scotland, 1 pound coins are legal tender to any amount, 20ps and 50ps are legal tender up to 10 pounds; 10p and 5ps to 5 pounds and 2p and 1p coins are legal tender to 20p (separately or in combination). 2 pounds coins and (if you can get hold of one) 5 pound coins are also legal tender to unlimited amounts, as are gold coins of the realm at face value (in Scotland at least).


Northern Irish notes are not legal tender anywhere, a situation similar to Scottish notes. Whether Scottish notes are legal tender or not does not change alter their inherent value but it dictates their legal function. Credit cards, cheques and debit cards are not legal tender either but it doesn't stop them being used as payment. Only a minuscule percentage of Scottish and British trading is carried out using legal tender. Just because something is not legal tender certainly doesn't imply it's illegal to use.

The lack of a true legal tender in Scotland does not cause a problem for Scots Law which is flexible enough to get round this apparent legal nonsense, as was demonstrated some time ago when one local authority tried to refuse a cash payment (in Scottish notes) on the grounds it wasn't "legal tender", but lost their case when the sheriff effectively said that they were obliged to accept anything which was commonly accepted as "money", and that should their insistence on "legal tender" have been supported, it would have resulted in the bill being paid entirely in coins, which would have been a nonsense; stopping short of saying that the council would have been "cutting off their nose to spite their face", but seeming to hint at it.

The definition of legal tender is something which is acceptable as payment of a debt. If you pay using legal tender, the other person has no recourse to chase you for payment. As part of the Skye Road Bridge tolls protest, people have paid in small coins using the greatest number of small denomination coins which constituted legal tender. Using entirely 1ps for instance would not have been legal tender and could have been refused. (This definition is a simplification, see the Currency section of "Halsbury's Laws of England" for a full legal definition.)

Britain came off the Gold Standard more than 60 years ago. The Scottish banks are allowed to issue a relatively small amount without backing, and the remainder of their issue has to be backed by Bank of England notes to the same value. So the BofE goes bust, the others go with it.

There is some info on monetary history at
http://www.ex.ac.uk/~RDavies/arian/other.html


More info on legal tender is at
http://www.bankofengland.co.uk/banknotes/about/faqs.htm


pictures of Scottish currency are at
http://www.scotbanks.org.uk/

Answer 2

Yes you can. Besides the Bank of England there's also Royal Bank of Scotland, Bank of Scotland and Clydesdale Banknotes in circulation in the UK.

However, some shop keepers don't like Scottish banknotes (they used to be easier to forge than English ones) and they might not accept them - shopkeepers don't have to accept money from you whatever type it is.

I regularly visit Scotland and if I return to England with Scottish notes I fill the car with petrol and claim not to have any other currency. Banks will exchange Scottish notes for free.

Answer 3

The question of what constitutes 'criminal comfortable' is one which flowers up the following truly oftentimes. maximum persons discover it relaxing to make an answer up, so beware of what you examine in this website. If some thing isn't criminal comfortable, which could no longer an identical as saying it really is illegitimate. there is not any longer some thing unlawful about Scottish banknotes. they don't look criminal comfortable notwithstanding. criminal comfortable is a time period which describes the style of overseas money which should be huge-spread no matter if it really is for sale to cover a debt. maximum funds aren't from now on criminal comfortable over a particular value, that's why smartass varieties who attempt to pay their council charges in copper funds dumped at city hall do no longer prevail. Scottish banknotes are tied to the pound sterling, and positively because the Scottish Banks all went bust they (the banks) at the instantaneous are all owned by technique of the British Taxpayer. that still does no longer mean it really is mandatory to settle for giant red £100 notes printed by technique of them both in Scotland or England. in truth, Scottish banknotes aren't from now on criminal comfortable in Scotland both. yet do no longer flow using them to mild your pipe because they do have the price stated at the front.

Answer 4

Yes it is Scottish. Yes it can be spent in England but English shops do have the right to refuse it although that doesn't happen very often. If you go to a main supermarket they will take it off you with no problems. Otherwise take it to a post office. Wherever you go you should be able to spend it quite easily!!!!

Answer 5

Scotish Tender is legal in England