{"id":57616,"date":"2025-06-27T14:47:40","date_gmt":"2025-06-27T14:47:40","guid":{"rendered":"https:\/\/kede.com.br\/news\/6-6bn-in-old-uk-notes-and-coins-not-cashed-in\/"},"modified":"2025-06-27T14:47:41","modified_gmt":"2025-06-27T14:47:41","slug":"6-6bn-in-old-uk-notes-and-coins-not-cashed-in","status":"publish","type":"post","link":"https:\/\/kede.com.br\/news\/6-6bn-in-old-uk-notes-and-coins-not-cashed-in\/","title":{"rendered":"\u00a36.6bn in old UK notes and coins not cashed in"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<figure>\n<div data-component=\"image-block\" class=\"sc-3b6b161a-0 gyQxwn\">\n<div data-testid=\"hero-image\" class=\"sc-d1200759-1 kycbVO\"><img sizes=\"(min-width: 1280px) 50vw, (min-width: 1008px) 66vw, 96vw\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/dfc3\/live\/005750b0-527c-11f0-bb9b-3383fbaec535.jpg.webp 240w,https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/dfc3\/live\/005750b0-527c-11f0-bb9b-3383fbaec535.jpg.webp 320w,https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/dfc3\/live\/005750b0-527c-11f0-bb9b-3383fbaec535.jpg.webp 480w,https:\/\/ichef.bbci.co.uk\/news\/640\/cpsprodpb\/dfc3\/live\/005750b0-527c-11f0-bb9b-3383fbaec535.jpg.webp 640w,https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/dfc3\/live\/005750b0-527c-11f0-bb9b-3383fbaec535.jpg.webp 800w,https:\/\/ichef.bbci.co.uk\/news\/1024\/cpsprodpb\/dfc3\/live\/005750b0-527c-11f0-bb9b-3383fbaec535.jpg.webp 1024w,https:\/\/ichef.bbci.co.uk\/news\/1536\/cpsprodpb\/dfc3\/live\/005750b0-527c-11f0-bb9b-3383fbaec535.jpg.webp 1536w\" src=\"https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/dfc3\/live\/005750b0-527c-11f0-bb9b-3383fbaec535.jpg.webp\" loading=\"eager\" alt=\"PA Media An old &#xA3;10 note and old pound coin\" class=\"sc-d1200759-0 dvfjxj\"\/><span class=\"sc-d1200759-2 gwFzuU\">PA Media<\/span><\/div>\n<\/div>\n<p><figcaption class=\"sc-536eff7b-0 FPsqq\">Over the last year two million \u00a310 notes have been returned<\/figcaption><\/p>\n<\/figure>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dEGcKf\">\n<p class=\"sc-9a00e533-0 hxuGS\">About \u00a36.6bn in old banknotes has not been cashed in across the UK, even though the paper \u00a320 and \u00a350 stopped being legal tender in October 2022.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">Paper banknotes have been replaced with plastic notes with a series of security features.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">Around \u00a3600m in old notes has been returned over the last year, and the Bank of England said withdrawn banknotes could still be deposited or exchanged.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">There are also 70 million old \u00a31 coins that have not been returned, according to the Royal Mint, with about six million returned over the past year.<\/p>\n<\/div>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dEGcKf\">\n<p class=\"sc-9a00e533-0 hxuGS\">The Royal Mint also revealed that over 2.6m old coins of eight other denominations have been returned over the last decade, including halfcrown, florin, shilling and sixpence.<\/p>\n<\/div>\n<figure>\n<div data-component=\"image-block\" class=\"sc-3b6b161a-0 hoQmHM\">\n<div data-testid=\"image\" class=\"sc-d1200759-1 kycbVO\"><img src=\"https:\/\/static.files.bbci.co.uk\/bbcdotcom\/web\/20250616-143050-043f96f72f-web-2.23.1-5\/grey-placeholder.png\" class=\"sc-d1200759-0 dkIvM hide-when-no-script\"\/><img sizes=\"(min-width: 1280px) 50vw, (min-width: 1008px) 66vw, 96vw\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/eecd\/live\/a4c5e3a0-527c-11f0-bb9b-3383fbaec535.jpg.webp 240w,https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/eecd\/live\/a4c5e3a0-527c-11f0-bb9b-3383fbaec535.jpg.webp 320w,https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/eecd\/live\/a4c5e3a0-527c-11f0-bb9b-3383fbaec535.jpg.webp 480w,https:\/\/ichef.bbci.co.uk\/news\/640\/cpsprodpb\/eecd\/live\/a4c5e3a0-527c-11f0-bb9b-3383fbaec535.jpg.webp 640w,https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/eecd\/live\/a4c5e3a0-527c-11f0-bb9b-3383fbaec535.jpg.webp 800w,https:\/\/ichef.bbci.co.uk\/news\/1024\/cpsprodpb\/eecd\/live\/a4c5e3a0-527c-11f0-bb9b-3383fbaec535.jpg.webp 1024w,https:\/\/ichef.bbci.co.uk\/news\/1536\/cpsprodpb\/eecd\/live\/a4c5e3a0-527c-11f0-bb9b-3383fbaec535.jpg.webp 1536w\" src=\"https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/eecd\/live\/a4c5e3a0-527c-11f0-bb9b-3383fbaec535.jpg.webp\" loading=\"lazy\" alt=\"Getty Images The shilling - a silver coin on a blue background. It says it is one shilling and had the three lions coat of arms on it. \" class=\"sc-d1200759-0 dvfjxj\"\/><span class=\"sc-d1200759-2 gwFzuU\">Getty Images<\/span><\/div>\n<\/div>\n<p><figcaption class=\"sc-536eff7b-0 FPsqq\">The shilling carried on circulating until the end of 1990, as it was worth the same as the new 5p<\/figcaption><\/p>\n<\/figure>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dEGcKf\">\n<p class=\"sc-9a00e533-0 hxuGS\">Details of the cash still in circulation or hiding in homes was revealed in Freedom of Information requests by BBC Wales.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">The Bank of England said 375 million paper banknotes remained in circulation:<\/p>\n<ul class=\"sc-6f869981-0 fusmZA\">\n<li class=\"sc-734a601e-0 huNRXw\">109 million \u00a35 notes <\/li>\n<li class=\"sc-734a601e-0 huNRXw\">60 million \u00a310 notes<\/li>\n<li class=\"sc-734a601e-0 huNRXw\">160 million \u00a320 notes<\/li>\n<li class=\"sc-734a601e-0 huNRXw\">46 million \u00a350 notes<\/li>\n<\/ul>\n<p class=\"sc-9a00e533-0 hxuGS\">Over the last year, about \u00a3600 million in old notes has been returned, including one million \u00a35 notes, two million \u00a310 notes, 11 million \u00a320 notes and six million \u00a350 notes.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">Paper \u00a35 notes were withdrawn in May 2017, the paper \u00a310 notes in March 2018 and paper \u00a320 and \u00a350 notes on 30 September 2022.<\/p>\n<\/div>\n<figure>\n<div data-component=\"image-block\" class=\"sc-3b6b161a-0 hoQmHM\">\n<div data-testid=\"image\" class=\"sc-d1200759-1 kycbVO\"><img src=\"https:\/\/static.files.bbci.co.uk\/bbcdotcom\/web\/20250616-143050-043f96f72f-web-2.23.1-5\/grey-placeholder.png\" class=\"sc-d1200759-0 dkIvM hide-when-no-script\"\/><img sizes=\"(min-width: 1280px) 50vw, (min-width: 1008px) 66vw, 96vw\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/44b1\/live\/f60488c0-527c-11f0-bb9b-3383fbaec535.jpg.webp 240w,https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/44b1\/live\/f60488c0-527c-11f0-bb9b-3383fbaec535.jpg.webp 320w,https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/44b1\/live\/f60488c0-527c-11f0-bb9b-3383fbaec535.jpg.webp 480w,https:\/\/ichef.bbci.co.uk\/news\/640\/cpsprodpb\/44b1\/live\/f60488c0-527c-11f0-bb9b-3383fbaec535.jpg.webp 640w,https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/44b1\/live\/f60488c0-527c-11f0-bb9b-3383fbaec535.jpg.webp 800w,https:\/\/ichef.bbci.co.uk\/news\/1024\/cpsprodpb\/44b1\/live\/f60488c0-527c-11f0-bb9b-3383fbaec535.jpg.webp 1024w,https:\/\/ichef.bbci.co.uk\/news\/1536\/cpsprodpb\/44b1\/live\/f60488c0-527c-11f0-bb9b-3383fbaec535.jpg.webp 1536w\" src=\"https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/44b1\/live\/f60488c0-527c-11f0-bb9b-3383fbaec535.jpg.webp\" loading=\"lazy\" alt=\"Getty Images Old and new &#xA3;1 coins. on the left is the old &#xA3;1 coin and on the right is the new one. \" class=\"sc-d1200759-0 dvfjxj\"\/><span class=\"sc-d1200759-2 gwFzuU\">Getty Images<\/span><\/div>\n<\/div>\n<p><figcaption class=\"sc-536eff7b-0 FPsqq\">The round \u00a31 coin (left) was demonetised on 15 October 2017<\/figcaption><\/p>\n<\/figure>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dEGcKf\">\n<p class=\"sc-9a00e533-0 hxuGS\">In addition to the paper cash, the Royal Mint, which is based in Llantrisant, Rhondda Cynon Taf, said about 70 million old style \u00a31 coins had not been returned.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">However, about six million have been returned over the past year.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">Out of the 1.6 billion that have been returned, about 1.8 million were counterfeit.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">The round \u00a31 coin was replaced by the 12-sided version in October 2017. The old style coin can still be deposited at the Post Office but cannot be spent.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">According to the Royal Mint, which is owned by the UK Treasury, about 138 million round \u00a31 coins have been melted down to make some of the new ones.<\/p>\n<\/div>\n<figure>\n<div data-component=\"image-block\" class=\"sc-3b6b161a-0 hoQmHM\">\n<div data-testid=\"image\" class=\"sc-d1200759-1 kycbVO\"><img src=\"https:\/\/static.files.bbci.co.uk\/bbcdotcom\/web\/20250616-143050-043f96f72f-web-2.23.1-5\/grey-placeholder.png\" class=\"sc-d1200759-0 dkIvM hide-when-no-script\"\/><img sizes=\"(min-width: 1280px) 50vw, (min-width: 1008px) 66vw, 96vw\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/2495\/live\/860a3020-48e5-11ef-b74c-bb483a802c97.jpg.webp 240w,https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/2495\/live\/860a3020-48e5-11ef-b74c-bb483a802c97.jpg.webp 320w,https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/2495\/live\/860a3020-48e5-11ef-b74c-bb483a802c97.jpg.webp 480w,https:\/\/ichef.bbci.co.uk\/news\/640\/cpsprodpb\/2495\/live\/860a3020-48e5-11ef-b74c-bb483a802c97.jpg.webp 640w,https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/2495\/live\/860a3020-48e5-11ef-b74c-bb483a802c97.jpg.webp 800w,https:\/\/ichef.bbci.co.uk\/news\/1024\/cpsprodpb\/2495\/live\/860a3020-48e5-11ef-b74c-bb483a802c97.jpg.webp 1024w,https:\/\/ichef.bbci.co.uk\/news\/1536\/cpsprodpb\/2495\/live\/860a3020-48e5-11ef-b74c-bb483a802c97.jpg.webp 1536w\" src=\"https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/2495\/live\/860a3020-48e5-11ef-b74c-bb483a802c97.jpg.webp\" loading=\"lazy\" alt=\"BANK OF ENGLAND Various polymer &#xA3;50 notes on a dark surface\" class=\"sc-d1200759-0 dvfjxj\"\/><span class=\"sc-d1200759-2 gwFzuU\">BANK OF ENGLAND<\/span><\/div>\n<\/div>\n<p><figcaption class=\"sc-536eff7b-0 FPsqq\">The polymer \u00a350 note has a series of security features<\/figcaption><\/p>\n<\/figure>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dEGcKf\">\n<p class=\"sc-9a00e533-0 hxuGS\">The other denominations returned to the Royal Mint over the last decade are:<\/p>\n<ul class=\"sc-6f869981-0 fusmZA\">\n<li class=\"sc-734a601e-0 huNRXw\"><b id=\"halfcrown\" class=\"sc-d16436d-0 jpoiOL\">Halfcrown <\/b>&#8211;<b id=\"\" class=\"sc-d16436d-0 jpoiOL\"> <\/b>a denomination worth 1\u20448 pound, or two shillings and six pence. 356,587 returned over last decade. Stopped being legal tender on 1 January 1970<\/li>\n<li class=\"sc-734a601e-0 huNRXw\"><b id=\"florin\" class=\"sc-d16436d-0 jpoiOL\">Florin <\/b>(two shillings) &#8211; 11,716 returned over last decade. Stopped being legal tender on 30 June 1993<\/li>\n<li class=\"sc-734a601e-0 huNRXw\"><b id=\"shilling\" class=\"sc-d16436d-0 jpoiOL\">Shilling <\/b>&#8211; 43,299 returned over last decade. Stopped being legal tender on 31 December 1990<\/li>\n<li class=\"sc-734a601e-0 huNRXw\"><b id=\"sixpence\" class=\"sc-d16436d-0 jpoiOL\">Sixpence <\/b>&#8211; worth 1\u204440 of a pound or half a shilling. 771,899 returned over last decade. Stopped being legal tender on 30 June 1980<\/li>\n<li class=\"sc-734a601e-0 huNRXw\"><b id=\"threepence\" class=\"sc-d16436d-0 jpoiOL\">Threepence <\/b>&#8211; 99,765 returned over last decade. Stopped being legal tender on 31 August 1971<\/li>\n<li class=\"sc-734a601e-0 huNRXw\"><b id=\"penny\" class=\"sc-d16436d-0 jpoiOL\">Penny <\/b>&#8211; 165,527 returned over last decade. Stopped being legal tender on 31 August 1971<\/li>\n<li class=\"sc-734a601e-0 huNRXw\"><b id=\"pre-decimal-halfpenny\" class=\"sc-d16436d-0 jpoiOL\">Pre-decimal halfpenny<\/b> &#8211; 153,404 returned over last decade. Stopped being legal tender on 1 August 1969<\/li>\n<li class=\"sc-734a601e-0 huNRXw\"><b id=\"decimal-halfpenny\" class=\"sc-d16436d-0 jpoiOL\">Decimal halfpenny<\/b> &#8211; 998,466 returned over last decade. stopped being legal tender on 31 December 1984<\/li>\n<\/ul>\n<\/div>\n<figure>\n<div data-component=\"image-block\" class=\"sc-3b6b161a-0 hoQmHM\">\n<div data-testid=\"image\" class=\"sc-d1200759-1 kycbVO\"><img src=\"https:\/\/static.files.bbci.co.uk\/bbcdotcom\/web\/20250616-143050-043f96f72f-web-2.23.1-5\/grey-placeholder.png\" class=\"sc-d1200759-0 dkIvM hide-when-no-script\"\/><img sizes=\"(min-width: 1280px) 50vw, (min-width: 1008px) 66vw, 96vw\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/ac2a\/live\/93494e90-527d-11f0-ad6a-617a010885d7.png.webp 240w,https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/ac2a\/live\/93494e90-527d-11f0-ad6a-617a010885d7.png.webp 320w,https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/ac2a\/live\/93494e90-527d-11f0-ad6a-617a010885d7.png.webp 480w,https:\/\/ichef.bbci.co.uk\/news\/640\/cpsprodpb\/ac2a\/live\/93494e90-527d-11f0-ad6a-617a010885d7.png.webp 640w,https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/ac2a\/live\/93494e90-527d-11f0-ad6a-617a010885d7.png.webp 800w,https:\/\/ichef.bbci.co.uk\/news\/1024\/cpsprodpb\/ac2a\/live\/93494e90-527d-11f0-ad6a-617a010885d7.png.webp 1024w,https:\/\/ichef.bbci.co.uk\/news\/1536\/cpsprodpb\/ac2a\/live\/93494e90-527d-11f0-ad6a-617a010885d7.png.webp 1536w\" src=\"https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/ac2a\/live\/93494e90-527d-11f0-ad6a-617a010885d7.png.webp\" loading=\"lazy\" alt=\"Royal Mint The British florin on a black background. \" class=\"sc-d1200759-0 dvfjxj\"\/><span class=\"sc-d1200759-2 gwFzuU\">Royal Mint<\/span><\/div>\n<\/div>\n<p><figcaption class=\"sc-536eff7b-0 FPsqq\">The florin, or two-shilling piece, was a coin worth 1\u204410 of one pound, or 24 pence.<\/figcaption><\/p>\n<\/figure>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dEGcKf\">\n<p class=\"sc-9a00e533-0 hxuGS\">The polymer \u00a350 note featuring the portrait of wartime codebreaker and computer pioneer Alan Turing entered circulation on 23 June 2021, meaning the Bank of England&#8217;s entire collection of currently-printed banknotes is made of plastic.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">While the paper notes are no longer legal tender, a spokeswoman said \u201call genuine Bank of England banknotes that have been withdrawn from circulation retain their face value. There is no expiry on the period in which we will exchange banknotes\u201d.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">They can be returned to some banks and some post offices, but the latter will only exchange a maximum of \u00a3300.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">People can also post old notes to the <a target=\"_blank\" href=\"https:\/\/www.bankofengland.co.uk\/banknotes\/exchanging-old-banknotes\" class=\"sc-f9178328-0 bGFWdi\" rel=\"noopener\">Bank of England in the City of London<\/a> to be paid into a bank account, by cheque or, \u201cif you live in the UK and the amount is under \u00a3300\u201d, swapped for new-style polymer ones.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">Old notes can also be taken there in person but the bank warned that &#8220;our counter can get very busy&#8221;.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">The use of cash fell sharply during the coronavirus pandemic as lockdowns reduced options for spending, and this accelerated a downward trend for the use of notes and coins.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">However, cash still accounted for 12% of all payments in 2023, according to the latest figures by banking trade body UK Finance, making it the second most-popular way to pay after debit cards.<\/p>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/cd0vjmrx3djo\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PA Media Over the last year two million \u00a310 notes have been returned About \u00a36.6bn in old banknotes has not been cashed in across the UK, even though the paper \u00a320 and \u00a350 stopped being legal tender in October 2022. Paper banknotes have been replaced with plastic notes with a series of security features. Around [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":57617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[61],"tags":[17657,17658,5454,9021],"_links":{"self":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/57616"}],"collection":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/comments?post=57616"}],"version-history":[{"count":1,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/57616\/revisions"}],"predecessor-version":[{"id":57618,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/57616\/revisions\/57618"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/media\/57617"}],"wp:attachment":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/media?parent=57616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/categories?post=57616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/tags?post=57616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}