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  1. As of March 2014 there were an estimated 6.55 billion 2p coins in circulation corresponding to a value of £131 million. Two pence coins are legal tender for amounts only up to the sum of 20p when offered in repayment of a debt; however, the coin's legal tender status is not normally relevant for everyday transactions. [citation needed]

  2. Legal tender allows UK coins to be accepted for payment of debts in court, but only circulating legal tender coins are designed to be spent and traded at businesses and banks.

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  4. Apr 27, 2020 · As defined in the Coinage Act 1971 you can pay any amount of up to 20 pence in 2p coins. The buyer and the seller can agree to allow payment of a higher amount in two pence coins, but 2p coins are not legal tender for payments over 20p. It’s therefore not recommended to a large bill or invoice with 2p coins.

    • Are two pence coins legal tender?1
    • Are two pence coins legal tender?2
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    • Are two pence coins legal tender?4
  5. Coins issued in 1971 have now been circulating for 53 years. One penny and two pence coins are legal tender only up to the sum of 20p; this means that it is permissible to refuse payment of sums greater than this amount in 1p and 2p coins in order to settle a debt.

  6. Jan 2, 2024 · One penny and two pence coins are legal tender only up to the sum of 20p; this means that it is permissible to refuse payment of sums greater than this amount in 1p and 2p coins in order to settle a debt. 2p coins issued in 2024 have now been circulating for less than one year.

    • Two Pence (Squirrel)
    • Pound Sterling
    • United Kingdom
    • 2024
  7. In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes. There are also some restrictions when using small coins. For example, 1p and 2p coins only count as legal tender for any amount up to 20p. Many common and safe payment methods such as cheques, debit cards and contactless aren’t legal tender.

  8. One penny and two pence coins are legal tender only up to the sum of 20p; this means that it is permissible to refuse payment of sums greater than this amount in 1p and 2p coins in order to settle a debt.

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