£9bn in old UK banknotes and coins not cashed in

[Still Waters]

Almost £9bn in old banknotes have not been cashed in across the UK, even though paper £20 and £50 stopped being legal tender in October.

Paper banknotes have been replaced with plastic notes with a series of security features.

The Bank of England said the withdrawn banknotes could still be deposited or exchanged.

There are also £87m of old £1 coins that have not been returned, according to the Royal Mint.

Details of the cash still in circulation or hiding in homes was revealed in Freedom of Information requests by BBC Wales.

https://www.bbc.co.uk/news/uk-wales-65776923

[Electric Scooter]

I found it amazing that in the UK there are 9 not 8 legal coins:

1p, 2p, 5p, 10p, 25p, £1, £2, £5, and silver double Florins.

While a young man I have seen the confusion that occurs in a retail store when a customer presents a £5 coin, but yet they are legal. Imagine the confusion if someone presented a silver double Florin? Thats the only pre-decimal coin which remains legal, although banks will withdraw the ones that go through them. 

While its a 48p coin I guess (and fingers crossed) that seeing as its made from silver no one still having one would be stupid enough to use it as 48p. The silver alone is worth more than £100!!!

[O. G. Wotasnozzle]

5 hours ago, Electric Scooter said:

I found it amazing that in the UK there are 9 not 8 legal coins:

1p, 2p, 5p, 10p, 25p, £1, £2, £5, and silver double Florins.

Are you thinking of 20p? The only 25p coins were commemoratives issued from 1972 to 1981. They were equivalent to an old crown (5 shillings).

I remember when 20p pieces were introduced. They were somewhat unusual at the time, being heptagonal like the larger 50p pieces and were the first decimal coins to display their denomination simply in pence rather than "new pence".

[Electric Scooter]

5 hours ago, O. G. Wotasnozzle said:

Are you thinking of 20p? The only 25p coins were commemoratives issued from 1972 to 1981. They were equivalent to an old crown (5 shillings).

I remember when 20p pieces were introduced. They were somewhat unusual at the time, being heptagonal like the larger 50p pieces and were the first decimal coins to display their denomination simply in pence rather than "new pence".

A typo!

Cannot believe that one slipped past me lol.