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Can You Use a £100 Coin for Everyday Purchases?

Learn about the use of the £100 coin, its acceptance, and tips for using collectible currency daily.

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Video transcript

Paying with a 100 pound coin is possible, but it's not commonly accepted. The £100 coin is legal tender, yet most businesses may refuse it due to practicality. It's often viewed as a collectible rather than everyday currency. If you wish to use it, you could try banks or the Post Office, but always check beforehand to avoid inconvenience.

Questions and answers

  1. Is a £100 coin legal tender?

    Yes, a £100 coin is legal tender in the UK, but its acceptance varies by location.

  2. Where can I use a £100 coin?

    You can try using it at banks or the Post Office, but most businesses may not accept it.

  3. Why are £100 coins often refused?

    Many businesses view them as collectibles rather than everyday currency, leading to practical refusals.

  4. Can you exchange a £100 coin?

    Yes, you can exchange it at banks, but it’s advisable to check with them first about the process.

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For more insights on currency usage and financial tips, check out our videos on legal tender and collectible coins.