OT - Scottish pound notes

[Uncle C]

If all goes well I am selling my car to someone who is travelling down from Scotland on Saturday. They will be paying with Scottish pound notes, which is all they can get locally.

I have not seen Scottish notes for about 25 years and have no idea what they look like (could be Bank of Toytown money!). They come in £5, 20, 50 and 100 and I can google images.

But what else should I check. Do they have the metal strip, a hologram, a watermark or all of these?

Cheers

 

[hans kraay fan club]

They are still legal tender, but the only things you are actually allowed to buy with them are BUCKFAST, TUNNOCK'S TEACAKES, and TENNANTS SPECIAL BREW.

Hope this helps.

 

[Uncle C]

They are still legal tender, but the only things you are actually allowed to buy with them are BUCKFAST, TUNNOCK'S TEACAKES, and TENNANTS SPECIAL BREW.

Hope this helps.

Not a lot.

I am not intending to spend. They are going straight in the bank for the next car.

 

[Titanic]

Don't accept them... they are not worth the paper they are printed on.

Insist on TRIED and TESTED Bank of ENGLAND notes.

 

[Lord Bracknell]

They are still legal tender, but the only things you are actually allowed to buy with them are BUCKFAST, TUNNOCK'S TEACAKES, and TENNANTS SPECIAL BREW.

Hope this helps.

Actually there's not legal tender. Not even in Scotland.

From the Bank of England website:-

Are Scottish & Northern Irish notes legal tender?

In short ‘No’ these notes are not legal tender; only Bank of England notes are legal tender but only in England and Wales.

The term legal tender does not in itself govern the acceptability of banknotes in transactions. Whether or not notes have legal tender status, their acceptability as a means of payment is essentially a matter for agreement between the parties involved. Legal tender has a very narrow technical meaning in relation to the settlement of debt. If a debtor pays in legal tender the exact amount he owes under the terms of a contract, he has good defence in law if he is subsequently sued for non-payment of the debt. In ordinary everyday transactions, the term ‘legal tender’ has very little practical application.

Bank of England | Banknotes | More About Banknotes | Banknote FAQs

 

[hans kraay fan club]

Top notch pedantry.

Carry on...

 

[Skintagain 1983]

I'll have them!

 

[Lord Bracknell]

This is the one you might have a problem with:-

Who the hell wants a £1 note these days?

 

[Stoo82]

Actually there's not legal tender. Not even in Scotland.

From the Bank of England website:-

Are Scottish & Northern Irish notes legal tender?

In short ‘No’ these notes are not legal tender; only Bank of England notes are legal tender but only in England and Wales.

The term legal tender does not in itself govern the acceptability of banknotes in transactions. Whether or not notes have legal tender status, their acceptability as a means of payment is essentially a matter for agreement between the parties involved. Legal tender has a very narrow technical meaning in relation to the settlement of debt. If a debtor pays in legal tender the exact amount he owes under the terms of a contract, he has good defence in law if he is subsequently sued for non-payment of the debt. In ordinary everyday transactions, the term ‘legal tender’ has very little practical application.

Bank of England | Banknotes | More About Banknotes | Banknote FAQs

I bet you're a hoot at parties!

 

[Lord Bracknell]

Top notch pedantry.

Carry on...

Actually it's feckin' awful pedantry.

I typed there's, when I meant they're.

 

[Slough Seagull]

check this out...click on each note for security features etc. Remember they are issued by three banks - Royal Bank of Scotland, Bank of Scotland and Clydesdale.

Current Banknotes : Bank of Scotland - The Committee of Scottish Clearing Bankers (CSCB)

 

[Lord Bracknell]

check this out...click on each note for security features etc. Remember they are issued by three banks - Royal Bank of Scotland, Bank of Scotland and Clydesdale.

Current Banknotes : Bank of Scotland - The Committee of Scottish Clearing Bankers (CSCB)

I think it's a great shame that, when the Bank of Scotland was taken over by the Halifax, the banknotes weren't changed.

A "HALIFAX BUILDING SOCIETY" £10 note. Would you accept one?

 

[Skintagain 1983]

I can understand your concern though. There are 3 seperate banks that produce bank notes in Scotland - the Royal Bank of Scotland, the Bank of Scotland and the Clydesdale Bank.

All Scottish bank notes have watermarks etc as you'd expect, but the Clydesdale bank notes in particular do look like toy money.

There have been many forged 50's and 20's doing the rounds over the past few years. Check the links re identifying and detecting forged notes.

News Item - News - Surrey Police
http://www.check-a-note.com/Check-a-note/news.htm

Current Banknotes - The Committee of Scottish Clearing Bankers (CSCB)

Current Banknotes : Bank of Scotland - The Committee of Scottish Clearing Bankers (CSCB)

Current Banknotes : Clydesdale Bank - The Committee of Scottish Clearing Bankers (CSCB)

Current Banknotes : Royal Bank of Scotland - The Committee of Scottish Clearing Bankers (CSCB)

 

[Deleted User X18H]

If all goes well I am selling my car to someone who is travelling down from Scotland on Saturday. They will be paying with Scottish pound notes, which is all they can get locally.

I have not seen Scottish notes for about 25 years and have no idea what they look like (could be Bank of Toytown money!). They come in £5, 20, 50 and 100 and I can google images.

But what else should I check. Do they have the metal strip, a hologram, a watermark or all of these?

Cheers

Paying in pound notes? That's a lot pound notes probably at least a thousand.

Bankers draft perhaps? Direct transfer? Very easy nowadays anD if below a grand with clearing banks, within the hour.

 

[Lady Whistledown]

This is the one you might have a problem with:-

Who the hell wants a £1 note these days?

The Scots?

 

[Uncle C]

Paying in pound notes? That's a lot pound notes probably at least a thousand.

Bankers draft perhaps? Direct transfer? Very easy nowadays and if below a grand with clearing banks, within the hour.

Unfortunately its 9.5 grand, its on a Saturday, and the good people are doing a 12 hour return trip from Scotland so wont be able to hang about while it clears the banks.

A bank transfer in advance is not practical as they have not even seen the car yet.

The cash was my suggestion. I have checked that English banks will take it and am now just getting myself clued up on forgeries etc.

Who was it called me risk averse

 

[sam86]

You are accepting 9,500 in Scottish notes?!
Where is this hand over happening, and at what time...

 

[Gazwag]

Blimey you are a very brave man, personally I would ask them to bring with them photo ID with an address on and a utility bill to prove they are who they are and live where they say they live.

Also take similar to bank when you pay the cash in as they may want this under their money laundering regulations

 

[Garage_Doors]

Also take similar to bank when you pay the cash in as they may want this under their money laundering regulations

Point well made,

I think any amount over 5k they have inform "certain authorities" to ensure all above board.

 

[Tony Meolas Loan Spell]

They are still legal tender, but the only things you are actually allowed to buy with them are BUCKFAST, TUNNOCK'S TEACAKES, and TENNANTS SPECIAL BREW.

Hope this helps.

And IRN BRU, HAGGIS and DEEP FRIED MARS BARS