World of Coins

Adjacent hobbies => Collecting banknotes => Topic started by: <k> on February 08, 2017, 10:58:00 AM

Title: What's the name for a token banknote?
Post by: <k> on February 08, 2017, 10:58:00 AM
As you know, the Bank of England orders banknotes to be produced. However, these are only legal tender in England and Wales - that is, the area covered by English law. They are not legal tender in Scotland or Northern Ireland - however, they do still circulate there and are used there. Furthermore, Scotland or Northern Ireland each have their own national circulating banknotes, which are issued by their respective banks.

According to Wikipedia:

Currently, three retail banks are allowed to print notes for circulation in Scotland; Bank of Scotland, Royal Bank of Scotland, and Clydesdale Bank. Such banknotes have to be backed one to one with Bank of England notes.

Northern Ireland has four issuers of banknotes:

Bank of Ireland notes
First Trust Bank notes
Danske Bank/Northern Bank notes
Ulster Bank notes

Technically, none of these issues is legal tender. That puts them in the same position as tokens: money that is not issued by the State. What is the name for banknotes that are not legal tender but are still money? Are they just paper tokens?
Title: Re: What's the name for a token banknote?
Post by: Figleaf on February 08, 2017, 12:12:32 PM
In French and Italian, assignates/assignati. From allotting a value to a piece of paper. Related to the English word assignment, so an English speaker should get his tongue around it. I don't think assignates exists as a word in English, but I have invented a now accepted English term before... ;)

Peter
Title: Re: What's the name for a token banknote?
Post by: <k> on February 08, 2017, 12:41:38 PM
I have invented a now accepted English term before... ;)

Peter

Hmm, just don't say "pseudo-coins", or I'll get some ETs to abduct you as a punishment.   >:(
Title: Re: What's the name for a token banknote?
Post by: Figleaf on February 08, 2017, 12:47:19 PM
 :) No, Richard Yeoman invented that one. Mine is "concessionality level". The translators hated it. :D

Send the ET's anyway. I'd love a free space flight.

Peter
Title: Re: What's the name for a token banknote?
Post by: <k> on February 08, 2017, 12:57:00 PM
Mine is "concessionality level".

What in the multiverse does THAT mean?
Title: Re: What's the name for a token banknote?
Post by: Figleaf on February 08, 2017, 01:55:18 PM
https://stats.oecd.org/glossary/detail.asp?ID=408

So now you know ;D

Peter
Title: Re: What's the name for a token banknote?
Post by: <k> on February 09, 2017, 05:35:05 PM
Sorry, I fell asleep halfway through the second sentence of the definition, and I've only just woken up.  :-[

"The square of the hypotenuse of incomprehension is equal to the sum of the squares of the discombobulation on the other two sides."
Title: Re: What's the name for a token banknote?
Post by: dheer on February 09, 2017, 06:14:06 PM
It's still a promissory note. One can even call it bill of exchange.

The term paper token is more used as a queue number.... If you are in line you get a paper with a number written on it.
Title: Re: What's the name for a token banknote?
Post by: malj1 on February 09, 2017, 09:28:03 PM
Here is some token paper notes from East Africa. I am still seeking the 5 cents.
Title: Re: What's the name for a token banknote?
Post by: <k> on February 10, 2017, 09:55:51 AM
What date are they, Mal?
Title: Re: What's the name for a token banknote?
Post by: malj1 on February 10, 2017, 10:36:24 AM
 c.1940-45

"East Africa Command came into being on 15th September 1941, essentially an expansion of East Africa Force, the new command comprised Ethiopia, Eritrea (for a short time only), Italian Somaliland, British Somaliland, Kenya, Zanzibar, Tanganyika, Uganda, Nyasaland and Northern Rhodesia."

http://www.rothwell.force9.co.uk/east_africa_command.htm (http://www.rothwell.force9.co.uk/east_africa_command.htm)