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The coin has proved popular with coin collectors, leading to numerous differing designs for both commemorative and circulating coins. [2] Fifty pence coins are legal tender for amounts up to the sum of £10 when offered in repayment of a debt; however, the coin's legal tender status is not normally relevant for everyday transactions.
Coins are sometimes issued as special collectible commemorative versions, sold at a value higher than their face value. They are usually legal tender, but worth only their face value to pay debts. For example, in 2023 a 50 pence piece was announced, the first coin depicting King Charles III, and celebrating the fictional wizard Harry Potter ...
Crowns, £5 coins and (until 1996) £2 coins are non-circulating, although they are still legal tender. These denominations are only used for commemoratives. During the decimal era, crowns were converted to twenty-five pence. 50p and £2 coins made after 1996 circulate normally and can be found in change. Usually about 5 million of each of ...
Twenty pence pieces and fifty pence pieces are legal tender in amounts up to £10; five pence pieces and ten pence pieces are legal tender in amounts up to £5; and pennies and two pence coins are legal tender in amounts up to 20 pence. [1] In accordance with the Coinage Act 1971, [44] gold sovereigns are also legal tender for any amount ...
It was initially intended that the Walter Raleigh note would be issued as a 50 pence note, but due to spiralling inflation the note's lifespan had declined to about 5 months in circulation and instead it was replaced by a coin. [4] The series C 10/– notes ceased to be legal tender on 22 November 1970. [1]
However, both coins remain valid back to 1971, the only circulating coins on Decimal Day that are still valid. In 1982, the word "new" in "new penny" or "new pence" was removed from the inscriptions on coins, and was replaced by the number of pence in the denomination (for example, "ten pence" or "fifty pence").