Although polymer notes are more durable, they are not indestructible. Over time, they are prone to wear and tear, which can include damage to the film. As part of the banknote life cycle, worn banknotes are eventually withdrawn from circulation and replaced by new banknotes. We withdraw hundreds of millions of worn banknotes from circulation every year. Polymer notes begin to shrink and melt at temperatures above 120° C. For example, they can be damaged by an iron. Do you have any current Guernsey pound banknotes like the ones in the pictures below? Add the amount you want to trade to your wallet. You will see exactly how much money you get for your Guernsey books. Click on the wallet icon to complete the payment and get paid within 5 days of receiving your currency. ATMs need to be adapted to new banknotes.

This includes self-service cash registers, ATMs, ATMs and all other ATMs that weigh, count, sort, accept, issue or recycle banknotes. If your business uses ATMs, you should contact the machine manufacturer directly to discuss the necessary adjustments. Before buying a new machine, you should ask if it is compatible with the new tickets. Guernsey coins or currencies cannot be used in the UK as they are only considered legal tender in the Bailiwick of Guernsey. However, Guernsey currency is often seen and spread on the island of Jersey. The pound is the currency of Guernsey. Since 1921, Guernsey has been in a monetary union with the United Kingdom, and the Guernsey pound is not a separate currency, but a local issue of sterling notes and coins, similar to notes issued in Scotland, England and Northern Ireland (see Sterling notes). It can be exchanged at the same time with other sterling coins and notes (see also Sterling Zone).

The Guernsey pound and other sterling banknotes (including those issued by the Bank of England, Scottish, Manx and Northern Irish banknotes and the Jersey pound) can be used in Guernsey. The Guernsey pound is legal tender only in the Bailiwick of Guernsey, although it also circulates freely in Jersey, while in the UK acceptance is often problematic. [2] It can also be exchanged in other locations at banks and bureaux de change. For more information on why polymer grades are better for the environment, check out our life cycle assessment of paper and polymer banknotes and the 2017 report, Carbon Footprint assessment: paper vs polymer £5 and £10 banknotes. However, the value of the pound has not been associated with gold for many years, so the meaning of the promise of payment has changed. You can no longer exchange banknotes for gold. You can only exchange them for other Bank of England banknotes with the same face value. You can find more information on www.gov.gg/drivinginguernsey We have been producing banknotes since our foundation in 1694. You can see examples of all the notes we have made in the online collections of our museum. Since composting is not suitable for polymer grades, we engaged an independent third party to conduct a life cycle study assessing the environmental impact of various waste treatment options. The study used international standards (ISO 14040:2006 and 14044:2006) for the evaluation and was reviewed externally by a group of industry experts.

Recycling was the cheapest option. As a result, we received a UK-based recycling solution where polymer banknotes are converted into granules before being converted into new plastic items such as plant pots. The Banknote Circulation System (NCS) regulates the distribution, processing and storage of our banknotes. It provides a framework for the commercial cash wholesale industry that helps promote the efficiency of their banknote operations. The legal agreements and rules underpin the functioning of the NCS. The following companies are members of the NCS: The material for our withdrawn paper banknotes was produced by a specialized paper manufacturer. Most of the paper is made of pulp, but the paper we used for our banknotes was made of cotton. If you are a retailer or business, you can find tips on what to do with counterfeit banknotes in the Banknote Verification System section of our website. Guernsey`s £1 notes will continue to be issued locally with the circulation of new British £1 coins. We do not produce commemorative notes as such, although the depiction of a person celebrated on each person`s back is a form of remembrance. In 2016, we found that there was a trace of animal products in our £5 polymer notes. Our research revealed that a small amount of sebum (less than one part per thousand) is used at an early stage of the polymer pellet production process.

These granules are used to create the base substrate of our polymer notes. We were not aware of this issue when we signed the contract for our polymer supply. During our research, we found that many household items use animal additives. For example, cosmetics, plastic bags and household detergent bottles. They are also commonly used to make plastics for other payment methods, such as debit and credit cards and mobile phones. The only currently viable alternative for polymer grades is the use of chemicals that are ultimately derived from palm oil. In a broad public consultation, we asked the public what they thought of these two options. We provided a range of relevant information, including outreach activities and discussions with potentially affected groups. After careful consideration, we have decided not to change the composition of the polymer we use for our banknotes. Some of the important topics we examined in depth were: The words “I promise to pay the one who wears it the sum of five/ten/twenty/fifty pounds on demand” appear on all our notes.

This phrase dates back to the time when our notes represented gold deposits. At that time, a citizen could exchange one of our notes for gold of equal value. For example, a 5-pound note could be exchanged for five gold coins, called sovereigns. The Isle of Man, Jersey and Guernsey are located outside the UK, so they issue their own banknotes. For more information, see the following sources: Until the early 19th century, Guernsey mainly used French currency. The pieces of the French book were legal tender until 1834, French Frankish being used until 1921. In 1830, Guernsey began producing duplicate copper coins. The double was worth 1⁄80 of a French franc. The name “double” is derived from the French “double deniers”, although the value of the coin corresponds to the liard (coin of three negationists) still in circulation. The coins were issued in denominations of 1, 2, 4 and 8 doubles. The 8-double coin was a “Guernsey Penny”, with twelve at the “Guernsey Shilling” (worth 1.2 francs). However, this shilling did not correspond to the British schilling (worth 1.26 francs, since the exchange rate according to the respective gold standards was 25.22 francs = 1 pound sterling).

From 1827, the States of Guernsey also produced banknotes denominated in pounds. In 1848, a decree was issued that the pound sterling should be legal tender worth £1 1s 3d (2040 doubles). This was repealed two years later and the French currency, supplemented by local spending, continued to circulate. In 1870, British coins became legal tender, with the British shilling circulating at 12 + 1 ⁄ 2 Pence from Guernsey. Bank of England banknotes became legal tender in 1873. In 1914, new banknotes appeared, some of which bore denominations in shillings and Guernsey francs. In 1827, the states of Guernsey introduced one-pound notes, with the Guernsey Banking Company and the Guernsey Commercial Banking Company also issuing one-pound notes from 1861 and 1886 respectively. Commercial banks lost their right to issue banknotes in 1914, even though the notes were in circulation until 1924.

Also in 1914, the states introduced five- and ten-shilling notes, which were also quoted at 6 and 12 francs. No. Reproductions of banknotes must be an exact copy or bear no resemblance to our banknotes or contain any of their design elements. Like all forms of money, Guernsey coins and notes can be highly collectible. In fact, there are collectors who specialise in Guernsey coins and coins. In addition, many coin collectors include Guernsey coins and banknotes in their general collections. Although you cannot use Guernsey currency in the UK, you are allowed to use British currency in Guernsey. In addition, Scottish and Northern Irish banknotes can be used on the island as they are recognised as legal tender in the UK. The 10-shillings note was replaced by the 50-pfennig coin as decimalization approached. £10 notes were introduced in 1975, followed by £20 in 1980 and £50 in 1994.

Although £1 and £2 coins were introduced, the £1 note is still circulating. On the front of the notes (the side with increased pressure), the value can be identified by the number of clusters of raised dots in the upper left corner. The £5 has none, the £10 has two, the £20 has three and the £50 has four clusters. In 1921, state notes were stamped with the word “British” to refer to the conversion of the island into a pound equivalent to the pound sterling. From 1924, notes of ten schillings were issued without reference to the franc. The five-shillings note was abandoned. For more information on driving in Guernsey, see: www.gov.gg/drivinginguernsey or www.gov.gg/roadsafety 1941, during the German occupation, the notes were introduced in denominations of 6 pence, 1 shilling 3 pence, 2 shillings 6 pence and 5 shillings. The first to be issued were the 5 shillings and 2s-6d notes. They were printed on watermark paper from the States of Guernsey; the height of the notes was 2 + 3 ⁄ 8 inches; The length of the 2S 6D Note was 3 + 5 ⁄ 8 inches and that of the 5S Note was 2 + 3 ⁄ 4 inches. The note of 5s was printed in black and red with the bailiwick seal in red on the back.