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The British twenty pound (£20) coin is a commemorative denomination of sterling coinage, first issued by the Royal Mint in 2013. [1] It is minted in .999 fine silver. [ 2 ] Twenty pound coins are legal tender [ 3 ] but are intended as souvenirs and are almost never seen in general circulation.
The prolific issuance since 2013 of silver commemorative £20, £50 and £100 coins at face value has led to attempts to spend or deposit these coins, prompting the Royal Mint to clarify the legal tender status of these silver coins as well as the cupronickel £5 coin. [37] [38] [39] Legal tender has a very narrow legal meaning, related to ...
Until decimalisation crowns (five shilling coins) were used for this purpose as they were the highest denomination of the time, but due to inflation this role has been transferred to higher value coins. Crowns, £5 coins and (until 1996) £2 coins are non-circulating, although they are still legal tender. These denominations are only used for ...
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All predecimal coins, except for certain non-circulating coins such as crowns, sovereigns and double florins [23] which were explicitly excluded from demonetisation, are now no longer legal tender. Several other pre-decimal coins remained in circulation beyond 1971 (see below) however they are all now withdrawn following changes to the ...
The original reverse of the coin, designed by William Gardner, and used from 1982 to 2008, was a crowned Tudor rose, with the numeral "20" below the rose, and TWENTY PENCE above the rose. In August 2005 the Royal Mint launched a competition to find new reverse designs for all circulating coins apart from the £2 coin. [ 6 ]
Extended the Bank Notes Act 1833 to make Bank of England notes under £5 in value legal tender; the act also applied to Scotland, making English 10/– and £1 legal tender for the first time. Bank of England withdrew low-denomination notes in 1969 and 1988, removing legal tender from Scotland. 2008 Banking Act 2009: UK
As of 2005, banknotes were legal tender for all payments, and $1 and $2 coins were legal tender for payments up to $100, and 10c, 20c, and 50c silver coins were legal tender for payments up to $5. These older-style silver coins were legal tender until October 2006, after which only the new 10c, 20c and 50c coins, introduced in August 2006 ...