Like all forms of money, Guernsey coins and notes can be highly collectible. In fact, there are collectors who specialise in Guernsey coins and coins. In addition, many coin collectors include Guernsey coins and banknotes in their general collections. The Jersey pound sterling is a local version of the pound sterling issued on the Channel Island of Jersey since 1834. Jersey books are legal tender only in the county of Jersey, not in the United Kingdom. The Pound (English: Jersey Pound; Abbreviation: JEP; Sign: £) is the currency of Jersey. Jersey is in monetary union with the United Kingdom, and the Jersey pound is not a separate currency, but an issue of notes and coins of the States of Jersey denominated in pounds sterling, similar to notes issued in Scotland and Northern Ireland (see notes of the pound sterling). It can be exchanged at the same time with other sterling coins and notes (see also Sterling Zone). The Guernsey pound and other sterling banknotes (including those issued by the Bank of England, Scottish, Manx and Northern Irish banknotes and the Jersey pound) can be used in Guernsey. The Guernsey pound is legal tender only in the Bailiwick of Guernsey, although it also circulates freely in Jersey, while in the UK acceptance is often problematic. [2] It can also be exchanged in other locations at banks and bureaux de change.
Until the early 19th century, Guernsey used mainly French coins. The pieces of the French book were legal tender until 1834, French Frankish being used until 1921. In 1830, Guernsey began producing duplicate copper coins. The double was worth 1⁄80 of a French franc. The name “double” is derived from the French “double deniers”, although the value of the coin corresponds to the liard (coin of three negationists) still in circulation. The coins were issued in denominations of 1, 2, 4 and 8 doubles. The 8-double coin was a “Guernsey Penny”, with twelve at the “Guernsey Shilling” (worth 1.2 francs). However, this shilling did not correspond to the British schilling (worth 1.26 francs, since the exchange rate according to the respective gold standards was 25.22 francs = 1 pound sterling). From 1827, the States of Guernsey also produced banknotes denominated in pounds. In 1848, a decree was issued that the pound sterling should be legal tender worth £1 1s 3d (2040 doubles). This was repealed two years later and the French currency, supplemented by local spending, continued to circulate. In 1870, British coins became legal tender, with the British shilling circulating at 12 + 1 ⁄ 2 Pence from Guernsey.
Bank of England banknotes became legal tender in 1873. In 1914, new banknotes appeared, some of which bore denominations in shillings and Guernsey francs. If you are in Jersey, most ATMs are grouped in pairs. One labeled “Sterling” and the other with “Jersey Pound” distributing the currency you need. Most ATMs, if they are not marked, dispense Jersey currency, so do not withdraw large amounts of money if you are not going to spend it in Jersey. It depends on your bank, but you should not be charged for cash withdrawals while you are in Jersey. Keep in mind that you can use a credit card in most places. There are plenty of ATMs all over the island, so you don`t have to worry about running out of money. The pound was the currency of Jersey until 1834. It consisted of French coins that could be exchanged for sterling in the early 19th century at a rate of 26 pounds = 1 pound. After the book was replaced by the franc in France in 1795, the supply of coins in Jersey declined, leading to difficulties in trade and payment. In 1834, a decree adopted the pound sterling as jersey`s only official legal tender, although French copper coins continued to circulate alongside British silver coins, with 26 cents equivalent to shilling.
As the penny remained the largest small currency, when a new copper coin was issued for Jersey in 1841, it was based on a penny worth 1⁄13 shillings, which corresponds to 2 cents. This system continued until 1877, when a penny of 1⁄12 of a shilling was introduced. Guernsey has used the pound sterling (GBP) as legal tender since the 1300s. Guernsey issues its own sterling (GGP) notes and coins. The local copper currency began in 1830. There were 21 Guernsey shillings for the pound sterling and 96 doubles (equivalent to a French double tournaments) for the shilling (or 2016 doubles for the British pound). The pound sterling became Guernsey`s exclusive legal tender in 1921. The Germans spent money in Guernsey during their occupation of the island.
The pound was divisible into 20 shillings and 240 pence until 14 February 1971, when it was divided into 100 pence. Bank of England banknotes are legal tender in Guernsey. Guernsey banknotes issued by the States of Guernsey are not legal tender, but are widely used in circulation in Guernsey. Guernsey and the Channel Islands are remnants of the Duchy of Normandy, which the Kings of England (formerly the Dukes of Normandy) held dear. Guernsey includes the northern island of Alderney. The Germans occupied Guernsey from 30 June 1940 to 9 May 1945. You may find that some providers accept the currency, but it`s pretty rare and it`s not something that will happen every day.