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In England there are some Scottish notes in circulation, which as far as I know are legal tender*, but many people still don't want anything to do with them. A
by SandB0x 16y ago
In England there are some Scottish notes in circulation, which as far as I know are legal tender*, but many people still don't want anything to do with them.
A friend worked in a pub where they had always had a Scottish £5 note in the till to give as change. More often than not the customer would just put it straight in the tip jar.
Edit: I am wrong about the concept of legal tender, and smazero is right. Interesting. Check out the few paragraphs beginning: http://en.wikipedia.org/wiki/Banknotes_of_the_pound_sterling#Everyday_use_and_acceptance http://en.wikipedia.org/wiki/Banknotes_of_the_pound_sterling...
- smazero 16y agoI think 'legal tender' doesn't mean what people think it means; I heard some lawyer talking about this on the radio the other day: I don't remember exactly, but the gist was that the term legal tender is just to do with money that can't be refused as payment for a debt imposed by the courts. For example in the UK no coins are 'legal tender' as they can be refused as payment for a debt, but still all shops will accept them as they have a fixed value relative to legal tender. Alternatively my watch is not legal tender, but if I offered it to a shop keeper in exchange for a newspaper, there is nothing stopping the shop keeper from accepting it.