The E-Sylum:  Volume 11, Number 1, January 6, 2008, Article 17

ON THE LEGAL TENDER STATUS OF SCOTTISH BANKNOTES

Regarding last week's item about the call to legalize Scottish
banknotes for use in England, Martin Purdy writes: "I understand
that Scottish notes are technically not even 'legal tender' in
Scotland, so it would be a hard task to afford them that status
in England!

Martin adds: "Here's a reference from Wikipedia, under
'Legal tender':

 Scottish notes are not legal tender anywhere
 in the UK, including Scotland where only the
 coins are officially legal tender. Although
 this is the case, Scottish notes are widely
 accepted in return for goods throughout the UK;
 they have a similar legal standing to cheques
 or debit cards, in that their acceptability as
 a means of payment is essentially a matter for
 agreement between the parties involved.

To read the complete Wikipedia entry, see:
Full Story

[Actually, the article did discuss some of these details, but
I cut those parts for brevity.  It's an interesting topic.
In all the months I spent in London this summer, I only came
across one Scottish note in change.  If it had been a nicer
specimen I would have just kept it as a souvenir for my collection.
But it was pretty beat up and to see what would happen, I asked
the merchant to exchange it for a Bank of England note.  No
problem - he gave me another note immediately.  -Editor]

 POLITICIANS CALL FOR SCOTTISH BANKNOTES TO BE HONORED IN ENGLAND
 esylum_v10n53a16.html

  Wayne Homren, Editor

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