shrek78

Hi,

I have old pounds which cannot be used in UK anymore. Singapore banks and money exchangers are not accepting them. May I know how I can change out these notes? Thanks.

dunroving

If you don't have many, keep them! They may be worth something ... what condition are they in? Even if they aren't worth anything, keep them to give to grandchildren, etc. in many years, as an interesting souvenir of old times.

I remember one trip back using a "ten bob note", to the surprise of a shopkeeper. The number of times I wished I had kept it in my wallet ... just for nostalgia's sake.

WEBlue

You can try to take them to a coin dealer. When we moved country, we had a HUGE collection of out-of-date old European coins and notes from before the euro came into effect.

I gave away some to friends or family who were interested, but the rest I took to a few coin dealers. Some were worth significant money, some were worthless.

Pulaski

The Bank of England will exchange them. High Street banks in the UK may give you pounds in exchange for them, but I am not certain they are obligated to do so. I had a discontinued £10 note in my wallet on one trip back and the Halifax swapped it for a current one for me. That said, the other advice above is good, and they may be worth more as collectables than their face value.

greenlane

Here is a link to the Bank of England website that details how to exchange old bank notes for new: http://www.bankofengland.co.uk/bankn...exchanges.aspx .

BritInParis

http://www.bankofengland.co.uk/bankn...exchanges.aspx

MartynK

Yip, as above. Banknotes are unlikely to have any significant collector value unless they're very old and in good condition, or very rare. I'd just keep them for old times sake and pass them on to children or grandchildren one day. Always good for them to have a keepsake from the "olden days"!

I'm 60, my children are grown up and I have one grandchild. It's only in the last few years that my kids have finally accepted that there was a world, and life, before the internet and cellphones..................

holly_1948

I still have a ten shilling note in a photo album somewhere.
Would that have any value?

And a mauve pound note if memory serves.

dunroving

Check eBay. I think it depends a lot on what year and what condition. Most of them on there seem to be going for about 10%-50% or so over face value.

Pulaski

Maybe not significant, but like Dunroving said above, they will ALWAYS sell at or above face value, after all you have a long term option to convert them for face value at the Bank of England. I have a few collectible US banknotes myself, and they ALWAYS trade at a premium over face value.

MartynK

Sure, you'll always get your money back on British banknotes because the BOE guarantees it, and you'll get more from a collector if they're interesting, but that's a long way from being valuable.

Banknotes are pretty much the same as any other collectible. Value is determined by desirability, rarity and condition. You can buy the commoner examples of 2000 year old Roman coins, in passable condition, for about £50 or a little more. Collectors aren't interested in these, unless they're just starting out. They want rarity and/or excellent/very good condition.