Lots of people know things which they think are true, or that they're sure they heard somewhere.. but not everyone knows the real legal deal. Today we take a look at a popular 'fact', that being:
"More than 20p in change isn't legal tender".
Is it true, or just made up? Well, this one is true - sort of. What is and isn't legal tender is, rather helpfully, defined by law, and particularly the Coinage Act 1971 (as amended by the Currency Act 1983). This tells us that, basically:
- Up to £10 in "big silver" (20ps, 50ps) is legal tender.
- Up to £5 in "weeny silver" (5ps, 10ps) is also legal tender.
- Up to 20p in bronze is legal tender.
More than that, isn't. So if you're thinking of paying your parking ticket in pennies just to be a nuisance, you're fresh out of luck.
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