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<p>[QUOTE=&quot;chrisild, post: 939940, member: 39&quot;]Right, the Bank of England will still redeem older English pound notes. As for UK coins however, there is no such policy, it seems. See here: <a href="http://www.royalmint.com/home/frequentlyaskedquestions.aspx" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.royalmint.com/home/frequentlyaskedquestions.aspx" rel="nofollow">http://www.royalmint.com/home/frequentlyaskedquestions.aspx</a> (scroll down to &quot;How can I dispose of demonetised coin?&quot;)</p><p><br /></p><p><i>&quot;Several months advance notice is provided before a coin is demonetised (i.e. it is no longer legal tender). This happened, for example, when the new, smaller 5p and 10p were introduced in 1990 and 1992 respectively and the old, larger versions of these coins were withdrawn from circulation. However, once a coin has been demonetised, banks are under no obligation to accept them. Nevertheless, many banks will accept demonetised coins from members of the public providing they have a bank account with them. Policy may vary from bank to bank, and some may charge a handling fee.&quot;</i></p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>

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