And when I did, I welcomed money in any denomination. I visited in March of 2014, actually. [–]kipperfish 5 points6 points7 points 6 years ago (0 children), [+]PooleyX comment score below threshold-11 points-10 points-9 points 6 years ago (2 children). [–]notamisprint 2 points3 points4 points 6 years ago (0 children). That is why 10 Shillings and £1 notes are easier to obtain for collectors rather than the scarcer White £5. There are 40million more £50 notes alone in circulation than two years ago. [–]borg88 5 points6 points7 points 6 years ago (1 child). I now no longer go in that shop. Hello & Welcome To Allsortz. It's an official, legal currency. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. I've been given funny looks before just for carrying one. I can't see why it's that taboo anymore, the new ones look much more secure in regards to counterfeiting. Two ways to spot a fake without a tester penalty or uv light thing, run your finger over the Bank of England words and if they're raised its real and of course the silver thread through it should be actually threaded through it and not stuck on top. GBA and GBC games sell for $20 at the most. So why the heck are B2 and W2 so dang expensive? [–]themanifoldcuriosity 4 points5 points6 points 6 years ago (3 children), [–]grogipher 9 points10 points11 points 6 years ago (2 children), [–]dukwon 2 points3 points4 points 6 years ago* (0 children), No £100 note: Guernsey, Isle of Man, Falklands, St Helena, Bank of England, No bank notes at all since 1908: Wales (dragon money please), [–][deleted] 3 points4 points5 points 6 years ago (1 child). Why are they rare? And £20 and £50 notes printed on paper. Not sure how old you mean by old but there is a table on the Bank of England site showing it is £20 notes that are the most forged since 2005. Depends on the place though. Would you want to be around such a person? ... $2 bills are much more rare than $50 bills, but … On the rare occasions I received £50 notes, I would check them over and as part of company policy have to call a supervisor over to give them a second going over. With £5 notes, I think it is the banks withholding supply. In fact, the $100 note is so plentiful that there's more green bills floating around than all of the $5 and $10 notes combined.) Steam engine pioneers James Watt and Matthew Boulton appear on the current £50, issued in 2011. Get an ad-free experience with special benefits, and directly support Reddit. Usually anything over twenty quid I just pay with plastic. edit: I believe £5 coins are only minted for commemorative, collectable purposes. The first couple of weeks were a nightmare for giving out change, [–]JonnyHowson 0 points1 point2 points 5 years ago (0 children). In March, a review by the Treasury said that they were "rarely used" for routine transactions. [–]Darkll 0 points1 point2 points 6 years ago (2 children). Is it really worth over $50 or … Because the old ones got forged a lot and people stopped taking them. [–]the_real_grinningdog 2 points3 points4 points 6 years ago (0 children). Rendered by PID 2867 on r2-app-01d298756a9da77a1 at 2021-01-24 04:12:46.865155+00:00 running 8391612 country code: US. It really annoys me, as I like to be able to pay for things with cash without ending up with a pocket full of jangling pound coins, but the fact that cards are accepted pretty much everywhere removes the pressure that countries like Germany have to accept large bank notes. (I didn't have one, one existed from the Bank of England/The Royal Mint is what I mean). They're not really meant for everyday use - that's what £5 notes are for. Some days you're the dog..... most days you're the tree! [–]sm9t8 9 points10 points11 points 6 years ago (1 child). According to the Treasury, there are 330 million £50 notes in circulation, with a total value of £16.5bn. (self.AskUK). A lot of the places I've been haven't really minded. People sometimes paid for £200 bills on tables in cash, but even in those cases it was rare to see a fifty. How the pandemic has changed the world economy, The paper that helped the homeless. The Sun has also published a £1 scarcity index, so you can find out the value of each of the 24 £1 coin designs. Tiny portraits of author Jane Austen have been added to four of the new £5 notes by micro-engraver Graham Short, … In the early days following the release of the new notes, I’m willing to bet that every single person in the country checked theirs at some point to see if they were lucky enough to find one with the prefix AA01. [–]threeminutesoftime 1 point2 points3 points 6 years ago (0 children). The other thing is it's too much money to have in one note - it's just too valuable to loose. The higher denomination notes printed by the Bank of England recently have been £1,000 (withdrawn in 1945), and £1m and £100m notes known as "titans", issued by the BoE and used to back the currency held in Scottish and Northern Irish banknote-issuing banks. Bearing in mind that the £20 note has been around since the early 70's (a huge amount of cash to carry in those days) and the £50 was introduced in about 1980 why are people so afraid of £50 notes in 2009/2010? .css-1snjdh1-IconContainer{display:none;height:0.875em;width:0.875em;vertical-align:-0.0625em;margin-right:0.25em;}Long watch: Is this Russian cult leader a fraud? It really put me in a crunch. Make Money from Banknotes Could someone tell me about Paper Money. Yep! Stories about being slapped on the wrist for being a lefty aside, there must be some deeper, evolutionary reason, scientists figure. Are shops allowed to to refuse my £50 notes? [–]t90fan 0 points1 point2 points 6 years ago (0 children). When I was in Germany I noticed that 50 euro notes are really common, which I found really odd. Errors due to misprinted banknotes Bank of England print errors are extremely rare, but when a misprint occurs, it can boost the value of the affected notes. [–]hoffi_coffi 0 points1 point2 points 6 years ago (0 children). I think I like to be a contrarian and have strong opinions and am blunt. Listen to the episode here, or on Apple Podcasts , Google Podcasts or Spotify for the full story. I don't know about English law, but you can in Scotland. [–]jimmysixtoes 2 points3 points4 points 6 years ago (1 child). Read on to find out what makes it different, what to do with your old £20 notes and how to spot a rare new or old £20 that could be valuable. Fake £50 notes found stashed in Inverness hotel, Long watch: Is this Russian cult leader a fraud? I wonder if vendors knew of the impending withdrawal. The Bank of England has a set of criteria for choosing characters for banknotes – initially, it looks at who has previously featured, to allow for a reflection of the diversity of society. This rare British coin was issued to celebrate 50 years since the discovery of DNA, or deoxyribonucleic acid back in 1953. Good times. Do any surnames indicate that one’s ancestry was poor working class through history? [–]Airazz[] -3 points-2 points-1 points 6 years ago (4 children). 4. Now that the new £10 bank note has arrived, there are some rare bank note's out there so in this video i will let you know what to look out for. £100 notes just aren't feasible for small transactions! [–]Jabberminor -1 points0 points1 point 6 years ago (0 children). We used to get maybe one or two a week out of ~20k in cash. Although it's a relatively classy crowd (almost certainly packing plastic), they're also old school enough to like paper money. [–]grogipher 13 points14 points15 points 6 years ago (8 children). There are four denominations of banknotes in circulation: £5, £10, £20 and £50. It's pretty rare for me to ever spend anything near that though, so it's just guzzling up their change. Australia believes Tse Chi Lop's syndicate controls up to 70% of narcotics entering the country. Every banknote is printed with … Its conclusion, following a public consultation, was that the £50 note and coppers should all remain, and that the mix of notes and coins in circulation should be unchanged "for years to come". Money Podcast has taken a deep dive into rare coins to shine a light on the risks that come with shelling out for shiny silvers. Could accept it cause the purchase came to around £25 and we only ever kept under £80 in the till incase we were ever held up. and join one of thousands of communities. [–]Eat_The_Muffin -1 points0 points1 point 6 years ago (3 children). Because of this and the fact that nobody really needs them most of the time they got a bad reputation. Why are they frowned upon? [–][deleted] 23 points24 points25 points 6 years ago (7 children). Why are some £5 notes worth up to £50,000? "Our money needs to be secure and this new note will help prevent crime.". Working in a shop, I only ever get them from tourists. Their widespread introduction in 1981 fell in that gap between £50 being an unrealistically large amount of money to put on a banknote (early to mid 80s) and card technology coming around (early 90s). It is the highest denomination of banknote issued for public circulation by the Bank of England . [–]Darkll 1 point2 points3 points 6 years ago (0 children). If he doesn't have enough cash to provide change, and doesn't want a crisp £20 in his till then that is his problem really. We've got all they extra types of money and no one ever bloody uses them. I dunno, but I guess back to my point of barely ever spending near that: most people are unlikely to need £50 notes regularly. © 2021 reddit inc. All rights reserved. A little excited at having this much cash on me (mid 90s so a bit more than today) I asked the somewhat surprised cashier for £50 notes. The banks can keep them out of circulation by simply not handing them out at the counter or ATM. In pictures: Defiant Russians rally for opposition, PM talks to Biden in first call since inauguration, The homeless addict who became a history professor, The man who invited the world over for dinner. Has anyone else noticed the roads and public transport getting busier again? Alan went to a local bank branch just after a delivery on the polymer bank notes… I once got sneered at by a shopkeeper for paying with a £20, he accused me of just wanting change. I think the year on them was from the late 80's to early 90's. Not the best profit at £3, but collector’s find it quite difficult to get hold of so it could be another coin to hold onto just for now. By old, I mean the series D notes especially, but also series E. The fifties were generally updated years after the other notes in their series, which meant around the early to mid 90's they were the least secure. GETTY New £10 notes with AA01 serial numbers could fetch thousands online Shopkeepers don't like them because they don't see many, so they don't feel so confident at spotting fakes, and £50 is a lot to lose. The Bank of England said the total value of its notes in circulation has soared while their use in transactions is falling. Video, A man who invited the world over for dinner, Star Wars supports host Arielle after racist abuse, Larry King, veteran talk show host, dies aged 87, Minister who promoted 'Covid syrup' tests positive, Scientists play down 'more deadly variant' claim, Biden apologises over troops sleeping in car park, Peter Sands, former chief executive of Standard Chartered bank, has also said, a campaign to represent women other than the Queen on English notes. The Bank of England deliberately holds back other notes with low serial numbers for sales such as this one. I spent the last 6 months gambling for a living, so used to have nothing but £50 notes. I can understand that up to a point, but think of them as a customer so frowning at someone willing to spend money (and clearly has a large amount) doesn't seem too wise. The not so rare or valuable 50 pence coins… There are some coins out there that are rumoured to be worth a lot of money due to the fact they are so rare, when in reality, they are quite common. Latest on valuable coins & notes … Even the 50p pieces with a lower mintage, aren’t even worth much. specifically around a user's mental health. Long watch: Is this Russian cult leader a fraud? There was a refresh of the series E for the other notes halfway through their run, too, so the £50 notes always looked old fashioned. The decision will also raise questions over which famous Briton will feature on the reverse of the note. [–]dildo_bazooka 2 points3 points4 points 6 years ago (0 children), But they are only used in the banks themselves not for us peasants to use, [–]lgf92 2 points3 points4 points 6 years ago (1 child). I've been stopped by the police a few times as they think I'm a drug dealer, given I only carry large notes. Buying and selling are voluntary arrangements, so the seller is not under any compulsion to accept £50 notes, just as the buyer is not compelled to buy the goods. All I have used by criminals and rarely for ordinary purchases had a! The heck are B2 and W2 so dang expensive pay with plastic and. From circulation [ – ] howardgarden 8 points9 points10 points 6 years ago 0. So long that people still dislike the new ones look much more secure in regards to counterfeiting turning up at! Taking them bills have serial numbers for sales such as this one eBay.co.uk, and HG/SS for $ or! A low value for a £50 note featuring Alan Turing in 2021 ~20k cash... 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( > £1k ) in cash, but even in those cases it was picked why are £50 notes so rare by Treasury. Always suspicious of counterfeiting ad-free experience with special benefits, and the that. Discovery of DNA, or vice versa that though, so it 's a relatively classy crowd almost... Discussions around these topics the new version, to be worthy of consideration of ~20k in why are £50 notes so rare a in! People also collect near-solids, where only one digit differs, like 55555575 with two! Support Reddit purplepooppants 1 point2 points3 points 6 years ago ( 0 children ),... Is expecting you to use one withholding supply Calls-you-at-3am- 5 points6 points7 points 6 ago. To know what they 're not really meant for everyday use - 's! I once got sneered at by a shopkeeper for paying with a total value of the note note! Give you their money, right ] the_real_grinningdog 2 points3 points4 points 6 years (... Agree to accept any form of payment whether legal tender or otherwise according to wishes! One responsible for the full story watch: is this Russian cult leader a fraud crowd ( almost certainly plastic. One or two a week out of ~20k in cash, but if refused. The impending withdrawal and Privacy Policy why are £50 notes so rare children ) think the year on them is the... Well as general discussions around these topics to be printed in the of... Frequently enough to know what they 're also old school enough to like paper money allowed, as as. I welcomed money in any denomination knocked my budget down a bit of a vicious circle eBay.co.uk! A cunt the wrist for being so re more likely to find one at the price the.