Elgor £20 Note Worthless From Tomorrow

[coolhandjoe]

Elgar £20 note no longer legal tender Have a look in your wallet: any £20 notes with the image of Edward Elgar on them will not be legal tender after June 30 this year. Hope this information from Blighty saves you some money. Sir Edward Elgar's face on a £20 note will disappear from circulation after June 30 This means that shops no longer have to accept the notes, and it is up to banks whether they agree to swap notes after this date. From July 1 only notes with the image of Adam Smith, the Scottish economist, will be legal tender. These notes came into circulation in March 2007. Related Articles Find the right bank account Bank marks 50 years of the Queen's portrait About 10 per cent of all £20 notes in circulation – equating to 150 million notes, worth £3 billion – are the old versions featuring the English composer. They were introduced in June 1999 along with a view of the west face of Worcester Cathedral, replacing the previous series of notes featuring Michael Faraday, the physicist, and before that William Shakespeare. The Adam Smith design was introduced to cut down on forgeries. The new £20 design included more of the printed words raised and a greater number of flecks that show bright red and green under an ultraviolet light. Old notes will eventually be sent to one of the official Government incinerators, where they will burned alongside damaged notes. A small amount of thermoelectric power is generated by these sites, which also burn illegal tobacco seized by HM Revenue & Customs at British ports. After June 30 if a bank or building society refuses to swap a note, consumers have the right to swap the notes at the Bank of England itself. The Bank promises that it will honour the face value of any note issued, even notes from before the Second World War.

[sarahsbloke]

These notes have been worthless in Thailand for a month already.

Too late now!

Edited June 30, 2010 by sarahsbloke

[NADTATIDA1]

^So they are not actually worthless then in the UK,only when wanting to exchange them abroad,i had a knockback on a couple of them here as early as a year ago,when is the 20 baht coin coming out?

[SantiSuk]

Not worthless in the UK. Can still be changed at a UK bank for a short time and after that at the Bank of England I believe. [based on recollections of hearing a piece on Radio 4 a few days ago and too lazy to verify on internet since I do not have any - check it out before relying, then do a deal with a visiting Brit].

[londonthai]

banks, building societies, post officies will accept them for a few month. I would think shops as well.

private exchange shops in thailand might be taking them as well minus 20-30% their value, similarly what they do with scotish money

[Baht Simpson]

I have a couple of them. I use them in Underground ticket machines to obtain a ticket when I go back home. I wonder if they will be rejected this time. Interesting to see if a bank will accept them when I go back otherwise I've lost forty quid!!

[Crossy]

Whilst this is valuable information I don't think we need two threads, already running here