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<p>[QUOTE=&quot;scottishmoney, post: 2736904, member: 12789&quot;]Monetary obsolescence is actually pretty common.&nbsp; But as you noted, people in Europe, particularly France etc are fairly familiar with keeping funds in PM&#039;s.</p><p><br /></p><p>Quite a bit of pre-Euro cash is no longer redeemable, but Germany and Netherlands redeem most coin and paper issued after 1948 in Germany and 1945 in Netherlands.&nbsp; In Germany the only coin not redeemed is a early 1950s 2 mark coin that was minted and released but not authorised, and the 50 Mark bill printed in France that was released in 1948 but was quickly withdrawn because of the ease of counterfeiting.</p><p><br /></p><p>For example in Britain all coins minted before 1971 have been demonetised but are redeemable.&nbsp; Only pennies and 2p coins are good back to 1971, the 5 and 10p coins are good to 1990 or so when they were downsized.&nbsp; The 20p coin is good back to it&#039;s introduction in 1982.&nbsp; And the 50p is good back to mid 1990s when it was also downsized.&nbsp; The one pound coins issued before this year and the new bimetallic pounds are going to be demonetised at the end of this year.[/QUOTE]</p><p><br /></p>

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