MSE News: Got a £50 note? Check it's not about to be withdrawn

iAMaLONDONER

zerog wrote: »

It might be useful to familiarise yourself with what legal tender means, even if there is no excuse for bar staff to be rude.

I don't understand why anyone has 50s anyway. If I ever get one it goes straight in the bank. I suspect a lot of them are outside the UK.

I wouldn't spend above £20 in a place which didn't take card, which makes £50s non-useful. If paying the builder, surely they will prefer £20s too since they will have the same sort of trouble spending £50s.

In London many tourists who have acquired British currency abroad often have £50 notes.

GingerFurball_2

DaveF327 wrote: »

That was my logic back in the late 80s / early 90s!

When £50 notes were first issued (I remember the big brown ones with Christopher Wren on the back!) fifty pounds was a lot of money, so there was no demand for a larger note. Nowadays, I feel a £100 note is long overdue. It would make paying builders a lot easier, but I can't see it happening unless the general public outside London have more faith in the integrity of anything over a 20.

Scottish £100 notes have existed for years.

iAMaLONDONER

GingerFurball wrote: »

Scottish £100 notes have existed for years.

Not much use in England where spending even a Scottish £20 note will get you funny looks lol!

williham

My local post office has always taken old notes, years after the old £5 notes were replaced, think it is post office policy so might be worth adding to the post.

anotheruser

Or just pay them into the bank.
The value of the money will never go unless it's really old money (Tuppence and Shilling here).

Anagran

orudge wrote: »

Plenty of £100 notes to be found in the UK - they're currently issued by the Royal Bank of Scotland, Bank of Scotland, Clydesdale Bank, Bank of Ireland, First Trust Bank and Northern Bank (now Dansk Bank). Good luck getting them accepted in England or Wales though.

You can still find the odd £1 note in Scotland, but only the Royal Bank of Scotland issues it, and I've not seen any "in the wild" for quite a few years now!

I have a £1 note in my purse just now. I don't really want to spend it though, don't see them often. Might save it to my next trip down to England. Last time my Scottish fiver was scrutinised by three shop assistants who then called the manager out before finally accepting it. I have had £50 and £100 notes in the past, but have always just paid them into the bank. I used to work in a corner shop and would be very wary myself to accept them, I think it is just due to their unfamiliarity.

Pincher

What they should do is to make the notes of £50 and £100 (or higher value) from the left-over bits from making mariujuana.
When they go over to plastic notes, they can impregnate it with marijuana smells.

As we know, Italian customs were training their dogs to sniff out cash because Italians were trying to smuggle money out to avoid tax. Our dogs are already trained to sniff out mariujuana, so it will save time on training. People who have a few notes on them have nothing to explain. If you have a brief case of £50 notes, the story had better be good.


Gives proper context to "stinks of money".

If inflation takes off, it could be cheaper to smoke the notes than buy marijuana with it.

trubster

Pincher wrote: »

What they should do is to make the notes of £50 and £100 (or higher value) from the left-over bits from making mariujuana.
When they go over to plastic notes, they can impregnate it with marijuana smells.

As we know, Italian customs were training their dogs to sniff out cash because Italians were trying to smuggle money out to avoid tax. Our dogs are already trained to sniff out mariujuana, so it will save time on training. People who have a few notes on them have nothing to explain. If you have a brief case of £50 notes, the story had better be good.


Gives proper context to "stinks of money".

If inflation takes off, it could be cheaper to smoke the notes than buy marijuana with it.

Customs dog's are already trained to sniff out big sums of cash

Pincher

trubster wrote: »

Customs dog's are already trained to sniff out big sums of cash

http://www.dailymail.co.uk/news/article-197623/Dogs-help-sniff-crime-cash.html

"About 25 Customs sniffer dogs have been specially trained to detect the ink on currency notes."

That's new on me. When I saw the news item on the Italians on TV, they didn't mention we already do it. I think I have only ever seen one dog when I was coming back from Amsterdam, and suddenly realised I probably reeked of marijuana, just by having a coffee in a cafe, with people smoking it around me.
That dog wasn't interested, though. Maybe she was only interested in money.
A material !!!!!. a la Madonna.

Money-Saving-King

chattychappy wrote: »

Silly and misleading headline - it's up to shops whether you can spend them or not. Only legal tender status is changing.

Legal tender is only what has to be accepted in payment of a debt. CCs are not legal tender. Perhaps we should have a headline saying you won't be able to use CCs in shops.

No your response is silly. Shops do not have accept anyone as a customer. You cannot force a shop to sell you something so going down it's up the the shops argument is silly. All large retailers will stop accepting these notes simply to minimise losses once the the time becomes that they can't bank them at all. They'll want their staff to know/be trained and get use to this now, not later once risk of serious loss kicks in if they take these notes.