A:Scottish bank notes are technically not legal tender in England and Wales, according to the Bank of England. However, if the parties involved in a financial transaction agree, Scottish bank notes can be used for transactions in England and Wales.
A:There are eight denominations of euro coins. The largest are the €1 and €2 coins, followed by 50, 20, 10, 5, 2 and 1 cent coins. One side of each coin depicts its value while the other carries a unique design from the issuing country.
A:The weight of $1 billion depends on the denominations that were used. If the currency were strictly in $100 bills, $1 billion would weigh roughly 10 tons. If one is using $1 bills, $1 billion would weigh 1,000 tons, which is equal to 2 million pounds.
A:An 1889 Morgan Silver Dollar is a U.S. coin that was minted in four locations: Philadelphia, New Orleans, San Francisco and Carson City. As of August 2014, common varieties in good condition or better are worth anywhere from $26.70 to $34.58 per coin. Mint marks are located on the reverse of the coin, above the words "one dollar" and below the wreath.
A:The currency used in the Netherlands, sometimes known as Holland, is the euro. As of September 2014, Holland is one of 18 out of the 27 European Union members that uses the euro as its official currency. The countries that use this currency are considered part of the Eurozone.
A:Benjamin Franklin appears on the $100 bill to commemorate the contributions he made to American history. As of 2014, the $100 bill is the highest-value note of American currency in circulation. Some of Franklin's contributions to history involve his political deeds with the fledgling United States and his role in bringing the French over to the American side in the Revolutionary War.
A:The cashier begins with the amount owed on the transaction and counts the change owed back to the customer one piece at a time, adding up to the amount originally tendered by the customer for the transaction to correctly count back change. Counting back change during cash transactions helps prevent mistakes in the cash drawer and improves customer service.
A:In U.S. currency, one million pennies are worth 10,000 dollars. A penny is worth one cent, and one cent is 1/100 of a dollar. In other words, a dollar is equal to 100 pennies, so one million pennies divided by 100 provides the worth in dollars.
A:According to Investopedia, currency depreciation is caused by inflation. When the price of goods in one country increases, people choose to buy goods from a foreign country where the price of the good is relatively lower, which causes the currency to depreciate.
A:There are 293 ways to make $1 using pennies, dimes, nickels, quarters, half dollars and dollar coins, according to TeachNet.com. The easiest way to make $1 using coins is with one dollar coin. The way that utilizes the most coins is to use 100 pennies.
A:The $20 gold piece was a coin minted in the United States from 1849 to 1933 that contains slightly less than one ounce of gold. Two versions of the $20 gold piece, which is also sometimes called the Double Eagle, were minted during its 84-year production run.
A:If you've found, collected or inherited old currency, you can determine its value by consulting expert guides and opinions. Professional appraisal and grading tutorials keep you informed as to the value of your currency.
A:In the United Kingdom one can buy gold bullion through the country's many bullion dealers. A number of online companies sell gold, as do brick-and-mortar outlets that facilitate the exchange of gold for cash. Gold ingots are even available through vending machines in shopping centres.
A:As long as more than half the original note is clearly intact, a damaged bill may be redeemed at a local bank. Pieces of currency that are not clearly more than half of the original note can be sent to the government for evaluation.
A:Places to buy foreign currency while still within the United States include banks, online foreign exchange venues and Travelex stores. Many banks have foreign currency on hand in designated branches, according to Wells Fargo, but less common currencies can be ordered online.