British currency explained

First time in the UK and can't get your head around the UK currency? Check out our video to familiarise yourself with the British coins and notes!

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[@franciscoulton8689]

£2 'will get you a pint of beer'. Dude, please tell me where this magical pub is that sells a pint for 2 quid because it will become my new watering hole! 🤣

[@jackiechan8755]

£12.99 for wkd 10 pack

[@jackiechan8755]

£13.99 for Guinness 8 pack

[@jackiechan8755]

1p and 2p coins

[@jackiechan8755]

£1 and £2 coins

[@lumingsun912]

Hahahah you made my day

[@xx_sugarcube_xx8170]

I’m British and I think I’ve seen a 50 pound note about once lol

[@MrShaunG]

Thank you, very helpful, being from the US I really didn’t know the difference between quid and pound, I had a suspicion they were interchangeable

[@GreatBritishMag]

They certainly are.

[@mertkocak4595]

Do you know actually the 20 pound of 50 pound or no polymer

[@grassytramtracks]

They are mostly interchangeable - quid is only informally used and only for a whole number of pounds with no pence - you say 2 pound(s) 50, never 2 quid 50. Quid is always quid, never quids

[@ReddBlues]

A quid to us in the US is 'a buck'

[@tucano72]

Great video but I'm afraid you've made a few mistakes- The "limits" you've listed such as " you can only spend 20p worth of 1p coins', is just when they're being used as legal tender to settle a debt. It doesn't apply during everyday life (although why you would want to use 1p coins for any more than that I have no idea.) Coins that say "New Pence" and "New Penny" aren't collectors items in the slightest (I collect coins myself), there were billions made from 1971 to 1981 and you can still use them today. Other than that, all your facts are spot on though 👌

[@georgeiii2998]

Also claims that there are only two non-circular coin when there are quite clearly three: 20p, 50p, and £1.

[@jamesbedukodjograham5508]

Nice to see how the UK made its currency from the early 2000s and beyond,

[@hadesdogs4366]

A great and simple explanation of British money

[@GreatBritishMag]

Thanks

[@kristinesharp6286]

This was very helpful. It’s a lot of coins. I like the £1 ans £2 coins.

[@BoomShard17]

Yeah this was very helpful, thank you!

[@sleepyhead9152]

This was so helpful thanks

[@flashpunkpunk9064]

Thank you it's was very helpful

[@lmd499]

Thanks

[@matthewgutierrez6068]

Is their a way to get the coins? I love the British coins design.

[@bonistics]

beautiful banknotes

[@ReddBlues]

I knew of the "Fiver" because of the band Motorhead. The lead singer Lemmy got his name because before he was a rich Rockstar he was broke and always asked to people "Lemmie a Fiver"

[@mikemiles3068]

Thanks🤔‼️

[@ericcub78]

You mean to tell me that you are limited to the amount of a type of coin you can use at one time? If it's legal tender, then what difference does it make how many you can use at once?

[@CrowAndRedString]

You got a loicense for that anti social opinion?

[@ericcub78]

@@CrowAndRedString what? what is a loicense? and how is it anti social?

[@CrowAndRedString]

@@ericcub78 listen m8 you're posting subversive comments without a permit. Come back to the station with us, we'll check you for knives and your TV tax payment history

[@ericcub78]

@@CrowAndRedString wtf? lol. What is TV tax? Whenever I have bought a tv, I paid the sales tax at the point of purchase. If I didn't, then they wouldn't have let me out of the store with it.

[@CrowAndRedString]

@@ericcub78 not just sales tax lad. We all have to pitch in for the BBC. It's for THE GREATER GOOD

[@lukedevlin3333]

Correction there are 3 non circular coins the 1 pound is has 12 eges

[@sofiamartini8982]

Is good this video

[@buzzz241]

Please tell us theme song and artists!

[@ghxv8311]

shoutout til Mark... Thomsen

[@Sundown_23]

Interesting that you can only use twenty 1p coins at once. Im not aware of a coin use limit in U.S.

[@m.kierkowski]

Nice vid :)

[@xeganxerxes4319]

You defiantly won’t get a pint of beer for £2 where I’m from.

[@motoworlddd]

Wish the £2 coin was still in circulation, easily the most fascinating denomination.

[@J_-_]

it is in circulation

[@thesparewheel]

where the hall can you grt a pint under £2

[@connorharrison4553]

where i come from it says bank of sterling

[@KelechiChikwendu]

Why did he say pee on five pence😂😂😂😂😂😂😂

[@cw4442]

You forgot the £5 coin

[@Killstreak6319]

I have all the plastic notes

[@hallengard]

I am confused with this: i have a British penny and on the back it says: "New Penny" and it also has a picture of Queen Elizabeth 2 on the front. It is also copper looking. Please reply if you know what it is.

[@GreatBritishMag]

Can you upload an image.

[@PS-ru2ov]

coins minted from 1971 onwards have new penny on them as before 1971 there was the Old penny as part of the predecimal system so to help people they put new penny on the coins until the early 80s which then it was changed to just "One Penny"

[@grassytramtracks]

Coins minted between 1971 and 1981 say new penny because before then there were 240 pennies in a pound (whose value didn't change) and they wanted to be clear when the old currency pre 1971 was withdrawn and replaced

[@azza7717]

why no 100?

[@colinscotland2887]

British banknotes, well they are English banknotes but British as well, 3 countries in the UK make bank notes which are Scotland, England and Northern Ireland and are all Polymer Plastic, Scottish bank notes is not legal tender but if Scotland became independent and had it's own currency, then it would be legal tender, Scotland still has £100 notes, here is a video I made about the Scottish bank notes which can be used anywhere in the UK kzbin.info/www/bejne/sKm5eZKaqcaWa9U

[@chrisinnes2128]

No they would not as Scots law doesn't have legal tender at all

[@DrAbhinavKumar]

What about currencies issued by the bank of Scotland, royal Bank of Scotland and stuff?

[@grassytramtracks]

Those are very rarely seen outside Scotland. You can't be sure whether they're accepted or not in England, Wales or Northern Ireland, sometimes they are, sometimes they aren't

[@JD-wn3cc]

They are worthless outside of those countries

[@user-cv5kq9hy7x]

អរគុណ

[@denniscostabile4264]

If you want to explain, then why not add a narration? What's with the music and fast forward?

[@IXCANADATV]

Why is the money so big tho god damn 😅

[@HerumurtiAdam]

Sedekah pouns terling

[@jackiechan8755]

50p coins

[@lukedevlin3333]

£5 cremetive conis slip there way in sumtimes

[@lumingsun912]

Bro can you not cover the notes with you finger tips it’s annoying but great video it helped me a lot

[@jacobwendt118]

Can someone explain why you can only use 20 of the 1p in a transaction?

[@PS-ru2ov]

the Penny (1pence) is legal tender up to 20 pence so for example if i went into a shop and bought something with 50 pence worth of 1p coins the shopkeeper could say no to accepting them would you want a ton of copper coins in your wallet? so thats basically why though in most cases they're accepted with no questions asked

[@Betadesk]

@@PS-ru2ov the shopkeeper could say no to any form of currency, legal tender status doesn't mean they are obligated to sell you products, it means it is valid means of settling a debt or taxes etc etc. The shopkeeper is welcome to accept hundreds and thousands of 1p coins as payment but like you said no one wants to do that

[@raheem201231]

In the real world the teller would expect the change.

[@bethelhaile4995]

The real British currency: Penny 1p Shrapnel 2p Nickel 5p Dime 10p Quarter 20p Half-Pound 50p Quid £1 Two Quid £2

[@noodles7096]

I got a uk one pound 2002 it’s cool thick

[@dteed6282]

What the hell is a packet of crisps?

[@GreatBritishMag]

They are potato chips that are flavoured. The GBM team love Salt and Vinegar!!!!

[@rleitros9378]

What you call chips in the US, assuming that's where u are.

[@georgekong2509]

So, what's a "shilling" then?

[@PS-ru2ov]

that was predecimal money before 1971 our currency is decimal since 1971 100 pence equals one pound

[@kristinesharp6286]

Why can you only use 20 1p coins at a time?

[@GreatBritishMag]

Yes you can, but the person your paying may get annoyed:)

[@Noorullah1]

@@GreatBritishMag I see, it's just like in the United States 100 pennies = $1 dollar. If you buy a $1 bag of chips and pay in pennies it would be annoying.

[@bukho2731]

1:02c.

[@louis3645]

Mme Arnaud

[@prof1982]

That was English money explained not British. You forgot about Scottish banknotes and the fact there are also £100 notes .

[@suzie_lovescats]

The Scottish notes look different but they’re still worth the same and are still used as legal tender. I realised I had a £5 note that was Scottish just the other week and the cashier at the shop I was at told me it’s still British money so it’s fine and took it from me when I bought something.

[@prof1982]

@@suzie_lovescats yes of course .why Scottish notes are refused by some is just weird .

[@suzie_lovescats]

@@prof1982Yes I know 🤔

[@casek7531]

I heard someone saying 250 pound sterling.... what is sterling??

[@raheem201231]

The office name of the currency Great British Pound Sterling (GBP)

[@jackiechan8755]

Hùńďŕéď pound

[@miabailey1196]

kinda good video but really underwhelming. I wanted to know more about how many of each coins added up to eachother and how to use the currency.

[@JD-wn3cc]

It's decimal. So a twenty pence is worth..... twenty one-pence pieces. 100 pence make the pound

[@cherifwane3182]

Greg

[@subbingtoeveryonewhosubsto961]

The United kingdom 🇬🇧 currency is gonna change to King Charles iii Because Queen Elizabeth ii died on September 8,2022 R.I.P Queen Elizabeth ii ⚰

[@Ducktility]

Misleading title! It should be 'English/Welsh Currency'

[@2mowglie]

Where are these £2 pints?

[@GreatBritishMag]

They were available at my uni SU bar but things have moved on. I think we'll need to update the video:)

[@jamesbedukodjograham5508]

For every 50 Pounds please invest your money in a mutual fund for understanding.

[@msamour]

Wait a damn minute! Why do I keep hearing about shillings, and Guineas, and Farthings, and Sovereigns? How the hell am I supposed to convert these coins into equivalent values?

[@pedanticradiator1491]

Those coins went out of circulation years ago

[@msamour]

@@pedanticradiator1491 Ok, but in all the classic books I've read, they are referred to often. How do I figure out equivalent value in today's currency, or is it a pointless exercise? I didn't know they were no longer used by the way. I mean, let's face it, you guys drive on the wrong side of the road. Weirder things can probably happen.

[@pedanticradiator1491]

@@msamour we are not the only country in the world to drive on the left. I'm sure there are videos on YT explaining old British money. The UK has had a fully decimalisied currency since 1971 I know a lot of Americans and others think we still use the older system

[@msamour]

@@pedanticradiator1491 All the other countries that drive on the left are probably doing so under duress...(No i kid, i kid). I had no idea England has switched the coinage system. I remember years ago people complaining about the base 12 system. My father even talked about this when I was a teenager. It is true the last time he visited England was in 1968. I'm French Canadian by the way. Thanks for the information!

[@pedanticradiator1491]

@@msamour please could you say UK or Britain rather than just England I'm sure you would be upset if we called called Canada Ontario

[@FUS8-NASDAQ-NYSE-AMEX]

Greetings from another part of the world. I am curious to know why it is the Bank of England that issues the currency of the country and not a Bank of the United Kingdom itself. Thanks.

[@grassytramtracks]

Coins are issued by the Royal Mint. The Bank of England only issues notes in England and Wales and controls monetary policy in the UK - Scotland and Northern Ireland have different banknotes of the same currency, which are backed by the Bank of England

[@FUS8-NASDAQ-NYSE-AMEX]

@@grassytramtracks Thank you very much for the explanation

[@PS-ru2ov]

@@FUS8-NASDAQ-NYSE-AMEX Bank of England was formed before the UK in its current form came into existance, Bank of England notes are legal tender in all parts of the UK

[@FUS8-NASDAQ-NYSE-AMEX]

@@PS-ru2ov During the time when the UK was in the EU, did they still use the British Pound or did they use the Euro?

[@PS-ru2ov]

@@FUS8-NASDAQ-NYSE-AMEX tell me your american without telling me youre american..................We used the Pound like we do today, not all EU countries use the Euro the following countries who are still in the EU use their own currencies :Denmark (Danish Krone) Sweden (Swedish Krona ) Poland (Zloty) Czech Republic Czech Koruna , Hungary Forint, Romania Leu, Bulgaria the Lev, Just because a country is in the EU like the UK was until 2020 does not mean we use the euro, we opted out of using the euro in the early 2000s so we never adopted it , so the above countries whilst being in the EU have opted to retain their own currencies just like we did when we (the United Kingdom) were in the EU

[@TheSecretCoinGD]

What is 1 dollar in pounds? I wanna see what exchange we got now

[@grassytramtracks]

Google it

[@KissMyFatAxe]

£2 for a beer? Where the fuck do you live? I'm moving there.

[@GreatBritishMag]

We did this awhile back and beer in a Students Union bar was £2 - promise:) We will, however, be updating this video.

[@uninconudechezvous5720]

Qui est la a cause de sa prof d’anglais 6e4 ont est là

[@misokikisuku4377]

Mdrrrr moi aussi 6eme 4 et la prof d’anglais

[@tamereenpiwi3979]

we moi aussi

[@JusNoBS420]

The thing that bothers me is the size difference in the bills. I imagine it was done for the blind to tell the difference. But a cash drawer is generally divided up evenly

[@kingofalldoughboys]

The bank notes in the UK are different sizes are so people who are visually impared can tell the difference between denominations by touch.

[@blotski]

This doesn't make any difference. The sections are all big enough to take the biggest notes. Also as they are different sizes and colours you can't put the wrong note in the wrong part.

[@MingJianYap]

literally, tell me you are from the US without telling me you are from the US

[@HerumurtiAdam]

Photo copy money Epson much money

[@cottagefrog4434]

Never mind I’m not British no more.. you have a limit on coins?

[@JD-wn3cc]

Most places will accept above the 'limit', it's just to protect businesses from people being silly cunts and trying to pay something sizeable with a huge amount of small change, which the business person then loses a lot of time having to count. I knew someone who got a fine and thought they were clever going to pay it in small change but they basically got told to.fuck off and pay it properly otherwise they'd risk it being an overdue fine and it then going up. Shut them up

[@oliwieraren8689]

I like British!!! 👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍

[@GreatBritishMag]

Thanks for checking out our channel.

[@jackiechan8755]

1p

[@vantha5872]

Maaf ya allah hamba liat ini.

[@Aurora_.mta2]

Why

[@judejeanpierre7486]

😂🎉🎉🎉🎉🎉🎉😢😢😮😮😅😅😊😊

[@josephleonard1724]

Doesn't really explain anything....

[@Moles_Mirales]

i' dont understand xD

[@GreatBritishMag]

This was a fun way for us to introduce UK currency.

[@GreatBritishMag]

Happy to explain or answer any questions about UK currency that you might have.

[@professionalneet5820]

What the fuck, you can only use specific amounts of the different denominations? Glad I live in MERICA! WHERE EVERY MAN, WOMAN, AND CHILD CAN WASTE A CASHIERS TIME WITH COUNTING COINS!

[@PS-ru2ov]

you can use any denomination on anything i think you have misunderstood this if you had $4 in 1 cent coins do you think the cashier is going to like you? same in this country the UK if you have £4 in 1pence coins thats why this rule of saying its legal tenderfor amounts up to 20 pence, does not mean i cant pay for something in 1 pence coins that is over 20p in most cases the coins are accepted no trouble

[@grassytramtracks]

Legal tender has a very narrow legal meaning, with no relevance to daily life where legal tender is capped for low value coins. It is completely up to the cashier as to what they will accept in both the UK and US and if you tried to pay £/$10 in coppers you vacuumed out from the side of the sofa in any country I don't think the cashier will be too pleased

[@thunhu5292]

xxxx

[@ghxv8311]

:/

[@axeblue]

Ugly looking currencies. The British pound is gonna inflate more over the years; good luck!

[@alertinvestmentorg428]

Whenever I remember Alertinvestment he’s a blessing to me and my family he saved us from being homeless.Thank you so much sir your a life saver

[@lukedevlin3333]

Correction there are 3 non circular coins the 1 pound is has 12 eges

[@bigwonghong]

well yes but its easier to teach non british people that its a circular