Bye Bye Elgar £20 Bank Notes

Banknotes, money, cash

Just a quick reminder that after today (30th June 2010), the £20 bank notes featuring the picture of composer Sir Edward Elgar cease to be legal tender.

It was announced that the notes would be withdrawn back in March, replacing them with notes featuring economist Adam Smith.

In actual fact, they won’t become immediately worthless – you can get them changed at banks and Post Offices, and the Bank of England has said they’ll exchange them for a new note if your bank won’t.

I suspect that most shops will also still accept them too. Indeed, many probably won’t even realise that they’re being wihdrawn, they’ll be far too eager to get hold of your money.

That said, if you have any problems offloading an Elgar £20, let us know in the comments below, or feel free to send them to us ;>)

Creative Commons License photo credit: HowardLake

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4 thoughts on “Bye Bye Elgar £20 Bank Notes

  1. Elgar £20s will never be worthless – they are promissory notes. But they might cause us hassle.

  2. is it worth hanging on to any of the Elgar £20.00 notes at all Watching a tv programme a few weeks ago I thought I heard them say they could eventually be worth megabucks!!!!!!

  3. Pauline,

    Although I can’t be certain I think the chances of them being worth anything in the future is slim as there are likely to be loads of them about.

  4. Genuine Bank of England notes that have been withdrawn from circulation retain their face value for all time and can be exchanged at the Bank of England in London. There is no fee for this service.

    Welcome new £20 banknote design – but I like £20 banknote design with William Shakespeare

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