Fundraising news, ideas and inspiration for professional charity fundraisers

Darwin £10 note enters extinction on 1 March

Darwin £10 note enters extinction on 1 March

The Darwin £10 note goes out like the dinosaurs on 1 March.

The Bank of England will withdraw legal tender status of the paper £10 note featuring Charles Darwin at 23:59 on Thursday 1 March 2018, making this the last day people can spend their paper £10 notes.

After 1 March 2018, businesses and the public no longer have to accept the Darwin £10 note as payment or in change and the new polymer note featuring Jane Austen will be the only £10 note with legal tender status. This note came into circulation on 14 September last year.

Some banks and building societies may accept paper £10 notes after 1 March 2018 but the Bank of England has said that this is at their own discretion. It, however, will continue to exchange Darwin £10 notes for all time, as with any other Bank of England note that no longer has legal tender status.

As with the old £5 note and old £1 coins, its extinction could provide some financial benefit for charities. Some have already been asking people to consider donating their old £10 notes:

Next on the list is the £20 note. The new polymer £20 note will feature painter JMW Turner and comes into circulation in 2020.

 

 

Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.

Get free email updates

Keep up to date with fundraising news, ideas and inspiration with a weekly or daily email. [Privacy]

* We do not share your email or personal details.

Before you go…

Let us keep you up to date with fundraising news, ideas and inspiration with a weekly or daily email. [Privacy policy]
Sign up for free fundraising news by email. [Here's our privacy policy].
" />