The White Knight 9,039 Posted January 24, 2014 Father in law used to work in Scotland and got paid on a fri after the banks had closed. The only place in Swindon that would change them was M&S and only because one of the supervisors there was Scottish. Most people had never seen Sottish money and would not accept or change it. Ahh me!! The ignorant English. :shock: Someone told me that they weren't actually legal notes, but were honoured by their banks. I was led to believe that the Scottish Bank Notes were guaranteed by the Bank of England. Share this post Link to post Share on other sites
SCB 15 Posted January 24, 2014 Here's a factual description regarding bank notes in Scotland: http://www.scotbanks.org.uk/legal_position.php All that means if I go into a shop and get the shop assistant to agree, I can pay in magic beans. Any shop can refuse your terms of payment or equally agree terms of payment with you. The only issue comes with credit. Share this post Link to post Share on other sites
The White Knight 9,039 Posted January 24, 2014 All that means if I go into a shop and get the shop assistant to agree, I can pay in magic beans. Any shop can refuse your terms of payment or equally agree terms of payment with you. The only issue comes with credit. Thank you for that most interesting Article SCB. :approve: Share this post Link to post Share on other sites
Guest Posted January 24, 2014 Ahh me!! The ignorant English. :shock: I was led to believe that the Scottish Bank Notes were guaranteed by the Bank of England. I think - and it will soon be jumped on if I am wrong - but that possibly is a correct definition of Scottish pounds in regard to £sterling. Share this post Link to post Share on other sites
Humphrey Appleby 13,993 Posted January 24, 2014 All that means if I go into a shop and get the shop assistant to agree, I can pay in magic beans. Any shop can refuse your terms of payment or equally agree terms of payment with you. The only issue comes with credit. The definition of legal tender is that it must be accepted in settlement of a debt. In fact, even legal tender is not legal tender in certain circumstances, such as if you decide to pay in a thousand one pence pieces. In answer to TWK, I think Scottish banks are allowed to issue notes up to certain amount they have deposited with the Bank of England. I think this is approximately equal to how many Scots pounds that were in circulation at the time of the Union, so the total value of notes has actually declined in real terms over the years, 1 Share this post Link to post Share on other sites
AlanF 295 Posted January 24, 2014 All I know is that when I flew from London to Miami last year I had some Scottish bank notes that my uncle from Edinburgh had given me. The currency exchange folks at Miami airport didn't want anything to do with them. Share this post Link to post Share on other sites
Guest Posted January 24, 2014 (edited) All I know is that when I flew from London to Miami last year I had some Scottish bank notes that my uncle from Edinburgh had given me. The currency exchange folks at Miami airport didn't want anything to do with them. Possibly I am again wrong - muffled guffaws in the BSF wings - but I don't think Scottish pounds have international currency exchange recognition. Edited January 24, 2014 by Guest Share this post Link to post Share on other sites
iris123 21,109 Posted January 24, 2014 (edited) I remember being in Yugoslavia and a group of holiday makers from Scotland came to the hotel and couldn't change their money,so one or two of my friends who were also from Scotland,but living in London took their Scottish notes in exchange for some local currency Edited January 24, 2014 by iris123 Share this post Link to post Share on other sites
SCB 15 Posted January 24, 2014 The definition of legal tender is that it must be accepted in settlement of a debt. In fact, even legal tender is not legal tender in certain circumstances, such as if you decide to pay in a thousand one pence pieces. In answer to TWK, I think Scottish banks are allowed to issue notes up to certain amount they have deposited with the Bank of England. I think this is approximately equal to how many Scots pounds that were in circulation at the time of the Union, so the total value of notes has actually declined in real terms over the years, No, legal tender is what the courts have the accept. Nothing else. Many shops refuse to accept £50 notes but they are perfectly valid, legal tender. Share this post Link to post Share on other sites
oldtimer 340 Posted January 24, 2014 Am I on the wrong thread, topic seems to have changed? Share this post Link to post Share on other sites
screm 8,076 Posted January 24, 2014 Maybe Doyle,Davies and others tried to pay for their visas using Scottish fivers. 3 Share this post Link to post Share on other sites
seanmuffe 105 Posted January 24, 2014 Am I on the wrong thread, topic seems to have changed? Some people are getting confused with Barclays because they issue Visas.............................. Share this post Link to post Share on other sites
theblueboy 960 Posted January 24, 2014 No idea why anyone is feeling sorry for the Australians. It's not the BSPA's responsibility to babysit riders who want to ride in this country. If I want to travel somewhere I look at the terms and any entry requirements. Straightforward isn't it. No visa - no entry. There is an Australian High Commision in London and there is an up to date website. I am sure everything is there to allow the relevant visa. Given that issues surfaced 12 months ago with Sam Masters then you can only deduce that Australian speedway riders aren't very bright 3 Share this post Link to post Share on other sites
Guest Posted January 24, 2014 No, legal tender is what the courts have the accept. Nothing else. Many shops refuse to accept £50 notes but they are perfectly valid, legal tender. I understand from local shopkeepers in my area who have refused a £50 note is because forgeries are very hard to detect. I am uncertain how factual this may be? Share this post Link to post Share on other sites
Tsunami 10,219 Posted January 24, 2014 I understand from local shopkeepers in my area who have refused a £50 note is because forgeries are very hard to detect. I am uncertain how factual this may be? Read my posts 130, 132 and 135. Share this post Link to post Share on other sites
