Scotland £1 Banknotes

Technically, Scotland doesn't have "legal tender" banknotes; only British coins have ever been legal tender there. English laws declaring Bank of England notes to be legal tender don't apply to Scotland, but the Scottish parliament has never passed legal tender laws of its own.

But yes, take them to the bank named on the note, and the bank will exchange them for a 1 pound coin, as promised. Scottish banks are obligated to hold reserves of Bank of England pounds as backing for their unredeemed notes. As for spending them, I'm not sure, but it can't hurt to ask.

I have a handful of Scottish notes liberated from circulation down south... all in pretty crumpled condition and I too wondered about their ability to be redeemed (the £50 and £20 must surely be worth more on face than collectors value) They look somewhat better in the photos than in hand.

Allow me to second Mr. Carrigna's motion regarding the 50 Pound note. The others you can do what you like with, but do put the Fifty into a mylar sleeve and keep it for a couple of decades, at the very least. You will return a nice profit to your yourself or the grandkids, whomever.

Looks like an AU 50 fro the photo. If you can get it graded and slabbed for a fair price in the UK, that's worth doing, I believe.

Yeah, it's different across the pond. I personally prefer raw notes, myself, although what the difference is between a mylar sleeve and a mylar slab isn't much, but I still prefer being able to get at the note if I want to.

Seems to be a lot of overgraded or misrepresented notes over here, is that a big problem there? I know I've never had a grading issue with a note coming out of the UK.

I will confess to 'cracking the slab' now and then and returning a note to raw status, to complete a series, as long as it doesn't cost me too much money.