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A surprising first, thinking about it

Posted: Mon Sep 03, 2012 12:03 am
by kidgloves
Note payout today - machine spits out a Scottish tenner. At first I thought I'd been fleeced with an outer Mongolian piece of paper worth about 3p. Anyway, stuck it in another machine no problem - just never occurred to me that they could pay out haggis money, and the first time it has ever happened.

Posted: Mon Sep 03, 2012 1:41 am
by betchrider
Theyve got puggies in Scotland too ya know

Posted: Mon Sep 03, 2012 7:16 am
by Ruler of The World
Wow, what an interesting post. The first thing that would come to my mind if I got a Scottish note out of the fruit machine would be to rush home and tell everyone on Fruitchat too! What an event!!!

Posted: Mon Sep 03, 2012 7:36 am
by kidgloves
Take your sarcasm outside lad.

Posted: Mon Sep 03, 2012 8:06 am
by AMK
I paid for a car with some Scottish notes. It took some time before they finally agreed to accept them.
Aparantly they DON'T have to accept legal tender. But that could be a load of shit I dunno.

Posted: Mon Sep 03, 2012 8:10 am
by Scott
I remember lots of places had a sign up a few years back saying we do not accept Scottish money, perhaps there were forgeries going around? Or they did'nt like Jock's?

Posted: Mon Sep 03, 2012 10:20 am
by Oscar
Ruler of The World wrote:Wow, what an interesting post. The first thing that would come to my mind if I got a Scottish note out of the fruit machine would be to rush home and tell everyone on Fruitchat too! What an event!!!
Terrible post. Hardly worth the effort.

Posted: Mon Sep 03, 2012 11:07 am
by Cf
Scottish notes aren't legal tender outside of Scotland.

That said, the concept of legal tender doesn't apply to buying a car anyway. They could demand monopoly money if they so wished.

Posted: Mon Sep 03, 2012 11:26 am
by betchrider
I thought it WAS legal tender.

Posted: Mon Sep 03, 2012 12:36 pm
by Scott
I'm fairly sure it is too!

Posted: Mon Sep 03, 2012 12:46 pm
by Cf
It isn't.

But legal tender isn't really that important. Buying goods/services from shops/whatever the idea of legal tender doesn't enter the equation. People are within their rights to accept/refuse whatever sort of payment they wish.

So if you wanted you could set up a shop that didn't take sterling but only accepted euros. Silly thing to do of course but quite within your rights to do it.

Legal tender only applies to settlements of debt. Essentially if you present legal tender (in this country that's all coins up to £2 (tho 50p and less in limited amounts), and english notes) then they have to accept it. Likewise, if you owe money it can be demanded in legal tender, though of course most places/situations will accept cheques/cards/etc.

So for example that meal we had on the blackpool meet where we paid a £200ish bill in £1 coins. A debt exists. £1 coins are legal tender up to any amount. Hence they cannot refuse that payment.

Posted: Mon Sep 03, 2012 1:56 pm
by Cf
JG wrote:Ah I see, I remember you saying that to me at the time. So it changes the dynamic somewhat as we have already eaten the food, hence a debt exists, whilst in a shoe shop (you clever little shoe!) say, there is no debt, just an invitation to buy.
Exactly :)

Posted: Mon Sep 03, 2012 4:49 pm
by Been-Grant-Mitchell'd!
I came back from Scotland last year with a few grand in Scottish notes & banked them here no problem.

I did get an Isle Of Man £20 note when I cashed in coins on the P&O Express from Larne and could do nothing with it. Eventually a mate who used to post on here took it to his bank, where he worked and changed it.

Posted: Mon Sep 03, 2012 5:57 pm
by Roll_With_It_Russ
All scottish money is not really worth anything, issued by the bank of scotland, which is bust now, so its worth nothing, but its the same as any other promisary notes, only worth what people have faith in.

As for legal tender, the only uk currency that is, £1 and £2 and £5 pound coins, every thing else is in effect an IOU or bank credit.

Posted: Mon Sep 03, 2012 8:50 pm
by amazing
Ruler of The World wrote:Wow, what an interesting post. The first thing that would come to my mind if I got a Scottish note out of the fruit machine would be to rush home and tell everyone on Fruitchat too! What an event!!!
knob !