old money?

Question

just found some old money i didnt know i had, can you still change it at the bank? its not decades old. its the notes before the ones with the silver emblem on them.

Answer 1

Old currency and coins can be worth more than face value to a collector. A coin collector's ship near you can tell you. If it is only worth face value, then it is still good at the bank.

Answer 2

If you mean decimals and imperial coin then imperial money was based on the Roman Denarii and was base 12 Meaning that there were 12 pennies to a shilling and 20 shilling to the pound which was 240 pennies in a pound. Decimals obviously work on base 10 and so are much simpler. For industry nowadays that would be a good thing as computers can calculate using base 10 much more simply. Imagine a calculator that worked with 12's instead of 10's. Even our mental calculations nowadays are so much easier because of decimals. It could also mean digital money eg credit cards versus cash I suppose If you mean prosperity I guess it is the old money which was inherited through old and noble families which passes through inheritence versus new money meaning that earned through working and becoming successful since the industrial revolution

Answer 3

I'm not certain what country your question applies to. In most countries my answer will work. Generally, when the design on notes is changed, the 'old' money is still legal currency, at least for a while. After that time expires, it is sometimes possible to exchange it for 'new' currency. Any bank should be aware of the procedure if they can't exchange the money themselves. If the notes are legally worthless, they may have value as collector's items. You would need to consult an expert (preferably more than one) to determine if what you have holds value to collectors.

Answer 4

Telephone and check with your bank first. Some of the currency did have a `cut off` date by which time they had to be used, others like £20.00. notes may still be o.k. They will charge you to `change over `any currency.

Answer 5

Bring them into the bank and ask - sometimes if the currency is very old, you have to go to the Central Bank to change it.

Answer 6

Yes, ask at the bank. i have a penny from 1870 - now that is old, farthings with robins on and thrupennny bits made from real silver! lol

Answer 7

Take them to the bank on Tuesday and find out

Answer 8

the £20 ones? you can still use old money until a certain date.

Answer 9

Keep them, do not sell them until you find someone that is trustful that will tell you their true worth.