Sir John Houblon £50 Note Is It Still Legal Tender

[Suetheramble]

A shop has today refused to accept the old style £50 note telling me it has been withdrawn - I can find nothing to suggest this on the internet - but how the hell do I get rid of it legally?

[factor-fiction]

http://www.bankofengland.co.uk/publications/Pages/news/2011/097.aspx

[fredkins]

Take It to the bank they might change It for you.

[Nibble]

According to the BoE website....

http://www.bankofengland.co.uk/banknotes/Pages/newfifty/default.aspx


They'll give 3 months notice of the change over, but haven't as yet, or I've not heard of it.

[factor-fiction]

I don't think the BoE has announced the date yet, but maybe shops are being cautious. Your bank will take it back, I'm sure

[Suetheramble]

I have tried again at a supermarket and no problems. I think in retrospect the small shop did not want to give change for a £50. Why do people not give the true reason? :-)

[emmie]

perhaps small shops have more to lose if it's fake, supermarkets can absorb the loss.

[08012006]

The Bank has released into circulation £5, £10 and £20 banknotes of current circulating designs, updated to include the signature of the current Chief Cashier - Chris Salmon. This took place from 12 September 2012. Other than the signature change the banknotes and their security features will look identical to the existing notes. These banknotes have also been manufactured using newer printing technology. This is also applied to the £50 (Boulton and Watt) which already shows Chris Salmon’s signature on the front from first issue. These banknotes will co-circulate with existing notes bearing the signature of Andrew Bailey, the former Chief Cashier.

There are no plans to actively remove ‘Andrew Bailey’ notes from circulation, these can continue to be used normally and retain their legal tender status but are expected to reduce in number naturally with time as they become unfit for re-circulation.