The Legal Tender Conundrum ‘But’ – I hear you say – ‘ you just said they were legal tender! Asked by Wiki User. Sign in for checkout Check out as guest . Shopkeepers are welcome to accept stamps - or anything else, including dollars and euros - but not obliged to accept any form of payment, even Sterling. Scottish Banknotes are legal currency – i.e. 0. 41 42 43. (Not being legal tender doesn't mean some shops etc won't accept them - only that its not compulsory for them to do so) Regards Sunil. Stamps are a collectable commodity and as such are traded on the open market like any other. No - only coins and notes of the realm are legal tender. Quantity: Product Code: YO96. Commemorative stamp packs (sets or miniature sheets) and definitive packs. Apparently stamps are legal tender, but try using them to pay for bus travel. Finding one in your change can be an annoyance on one hand as technically the coins are not legal tender in the UK. Coins are legal tender throughout the United Kingdom for the following amount: £100 - for any amount. I can understand the post office not accepting to take stamps and give you cash for them, as they can be bought from Costco for less than their face value, so everyone would just take 100`s of stamps in and get the cash for them. No, only Sterling is legal tender in the UK. 10,000s of high-resolution postage stamp images. Well… it’s possible, it’s legal, but it may not be that easy. Scottish banknotes are currently legal in the UK but they are not legal tender. Hmm, I'll see if I can find anything online. 37th Congress, 2d Session, Ch. Are postage stamps legal tender in the uk? didn't work. Presentation packs are issued by Royal Mail, and contain mint never hinged stamps issued on a thematic subject as a set or single stamp. 80sfan Posts: 18,522. JB3 wrote: » Yes it is illegal, stamps are legal tender and as such have a monetary value. There are £5, £10 and £20 notes printed on polymer. While you are free to accept stamps as payment for a service or goods, there is no legal obligation for you to accept them when offered and you have no legal recourse if payment in stamps is refused! They have not the slightest intrinsic value. Top Answer. With a much lower population than the UK, some of these coins can be extremely rare so it's worth keeping hold of them. In order to comply with the very strict rules governing an actual legal tender transaction it is necessary, for example, to offer the exact amount due because no change can be demanded. Legal tender allows UK coins to be accepted for payment of debts in court, but only circulating legal tender coins are designed to be spent and traded at businesses and banks.” Bibidybobidyboo Posts: 1,607. 1p, 2p, 5p, 10p, 20p, 50p, £1, £2 and £5 coins are legal tender throughout the UK (although the smaller coins are only legal tender up to a certain amount). The UK’s Coinage Acts of 1870 to 1946 as well as the Decimal Currency Acts of 1967 and 1969 applied to Gibraltar by proclamation. Postage Stamp Design Postage Stamps Ski Posters Legal Tender Vintage Ski Stamp Collecting History Eagles Hiking Engraved Stamp Beauties - Page 38 - Postage Stamp Chat Board & Stamp Forum {World s leading stamp collecting discussion Bulletin Board. Condition: --not specified : Price: US $99.95. Wiki User Answered . Lou Kelly Posts: 2,495. United Kingdom. NEW by: John I have been using 'old' decimal GB postage for ages, but always get contradictory advice re the 'half pence' values. Legal tender typically refers to instruments that fully extinguishes a debt. Lv 4. Unfortunately the old myth about them being legal tender is just that . 0. However, they are not legal tender in Scotland and Northern Ireland. 345. A stamp, no matter how old, will be rejected if: The border is damaged or torn; The price/value of the stamp is illegible, blurred, smeared or covered; If you put tape over the stamp in order to ensure it adheres to the envelope - the USPS specifically calls this out as a reason for rejecting (and gluing also technically will get rejected as well) 4 years ago. Item information. Is that a legal total or are the 1/2p's still ignored? The Bank of England banknotes. The Cenotaph is the site of the annual National Service of Remembrance held at 11:00 am on Remembrance Sunday, the closest Sunday to 11 November … They will not be redeemed by anybody. Essentially, no. Are postage stamps legal tender in the uk? Notes: In England and Wales the £5, £10, £20 and £50 notes are legal tender for payment of any amount. In fact, no banknote whatsoever (including Bank of England notes!) Click on image for larger view. But now i just asked the OH. I can't find any evidence for this, other than David Brent's assertion. If so, do shopkeepers have to accept stamps as a form of payment? To help us improve GOV.UK, we’d like to know more about your visit today. We’ll send you a link to a feedback form. 2011-10-30 10:14:34 2011-10-30 10:14:34. Forum Member 12/03/13 - 03:39 #4. But there is no safety to anybody in taking these stamps any longer as money. These are issued for postal use and are legal tender. Why not take a look at other items on a similar theme? Be warned, not accepted on the bus. But excellent if using for stamps. For this reason, bank checks, credit cards, gift cards, etc. Stock Code: 18791. There are four denominations of banknotes in circulation: £5, £10, £20 and £50. Yvonne's mother, Joan, bought her first coin, the King George VI Crown, for five shillings (25p) in 1937. Gibraltar’s Currency Notes Ordinance did not create a separate currency but conferred on the Government of Gibraltar the authority to print currency notes, which were legal currency in Gibraltar. Unless they print out the stamp. Issue: 31st July 1969 - The Halfpenny Postmark: Newtownards CDS Postmark. Details about Princess Diana Limited Edition Collectors Set of Legal Tender Stamps 1997. Forum Member 10/01/13 - 15:06 #7. £50 - for any amount. Yes it is illegal, stamps are legal tender and as such have a monetary value. On the other hand, from a collecting point of view, new and interesting designs are always a bonus! 1 1. ’ Indeed we did, and while there is an in-depth explanation of what that means elsewhere on the site, here’s a brief one for now: legal tender is actually a little-used term, mainly used in legal circles, that means ‘anything offered in payment of a debt that extinguishes that debt’. No banknotes are legal tender in Scotland or, I think, Northern Ireland. I can't find any evidence for this, other than David Brent's assertion. 33, 12 Stat. Rod and Yvonne Henkun's family have collected commemorative coins for decades. The added 1p was a charity donation so ignore it and count only the larger amount. Report the shop . [Legal Tender … Approximately £78.54 (including postage) Princess Diana Limited Edition Collectors Set of Legal Tender Stamps 1997. Strange though it may seem, postage stamps are legal tender in England and Wales (not sure about Scotland). David Jones, Lee, UK Many thanks John: Dec 17, 2018 Rating: Can you still double the halfpence to whole pence? Coins: Coins are legal tender throughout the United Kingdom for the following amount: £100 - for any amount. The Royal Mail confirms that postage stamps are not legal tender. Bank of England £5, £10, £20 and £50 notes are legal tender in England and Wales. Princess Diana Limited Edition Collectors Set of Legal Tender Stamps 1997. Legal tender means that you cannot refuse it as payment for a court ordered debt payment. Are stamps a form of legal tender? The packs are divided into two types. Generally, no. 1000s of members from over 100 countries. 0. But i dont see a problem with using them to pay for part postage, as they will probably stick stamps on anyway. 1st class letter-sized stamps will rise from 46p to 60p, and 2nd class letter-sized stamps from 36p to 50p. Molly. Notice I have not used the word "withdrawn", because it is actually still legal to use ½p stamps on items to be sent through the Royal Mail (in multiples of two if course). may be accepted as a form of payment, but are only a conduit to eliminating a debt (e.g. See the prices of a 1st Class and 2nd Class stamps, buy a book of stamps and see the latest collection of Special Stamps and Collectibles. 0. tracystapes Posts: 3,309. The Royal Mint – UK Legal Tender Guidelines; The Royal Mint – Legal tender status of stamps in the UK; Act to authorize the Issue of United States Notes, and for the Redemption or Funding thereof, and for Funding the Floating Debt of the United States. Lots of people have been asking me if they should stock up now in order to sell them for huge profit later. £20 - for any amount The Halfpenny Stamps 31.07.1969 | Last Day of Legal Tender, Postmarked at Newtownards sold out. I have my doubts. This extends to all the other stamps with halfpenny as part of their value. She added: “As set out by law, all UK coins made by The Royal Mint are classed as legal tender, whether commemorative or circulating. I think you may find that stamps are actually not 'legal tender' in the UK - hence I doubt any bank will accept them as a deposit. Forum Member 10/01/13 - 15:10 #8. David Brent and Gareth talking about the postage stamp being legal currency. Answer . 11 and a half counts as 11p 2. They are not a legal tender. It perfectly combines an official legal tender Remembrance Coin along with four stamps which represent the armed services. Stamp prices are going to rocket on 30 April. 100,000s of detailed philatelic posts. It will take only 2 minutes to fill in. Limited edition of only 500. Buy stamps online from Royal Mail. Product Description Testimonials. Price: £24.95 inc. VAT. Forum Member 12/03/13 - 03:39 #3. Stamps with added half p are worth only the whole number value so ignore the half p as it is no longer legal tender. Each pack has an issue number. Stamps are not legal tender in the UK. However, Scottish Bank notes are not Legal Tender, not even in Scotland. they are approved by the UK Parliament. Are stamps legal tender ? Who was the first non royal to appear on a postage stamp? 'That's legal tender, pal' (Image: PA) Are Scottish and Northern Irish bank notes “legal tender” and do shops in England have to accept them? 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