shortage of £50 note?

[grand cherokee]

where are they all?

banks/building societies/post office have virtually none

and don't say its because of criminals as the 500euro note is now the currency of criminals

and Scottish £100 notes are rare even in Scotland

Edited by grand cherokee on Monday 20th July 12:57

[turbobloke]

grand cherokee said:

where are they all?

In safes or under mattresses?

[AB]

When I get one I keep it for relatives special birthdays etc - they tend to keep hold if them.

There's something about a £50 note that people don't like parting with.

[Zoon]

Mainly down to most places not accepting them due to the large number of counterfeits.

[grand cherokee]

Zoon said:

Mainly down to most places not accepting them due to the large number of counterfeits.

I understand that the £20 note is the highest counterfeit note?

one might question the logic of the 500Euro note - even the twits in Brussels should have realised it was going to become the criminals choice of currency?

Edited by grand cherokee on Monday 20th July 13:04

[grand cherokee]

turbobloke said:

In safes or under mattresses?

that reminds me of a tale from an 'undertaker' I know - collects bodies where crime is not suspected

went to a house and thousands of cash was under the mattress - unfortunately the deceased died in bed and the notes were ruined due to body fluids!

[TheEnd]

Zoon said:

Mainly down to most places not accepting them due to the large number of counterfeits.

I would imagine they are the least likely to be counterfeited because every time you hand one over, they get tested with 2-3 pens and the manager called for a look too.

It's the one note that always attracts attention.

[Skyedriver]

As I understand it, shops don't like them as they cannot give them back as "change" and they are charged for taking them into the bank.
They aren't often forged as people are so wary of any £50 note more co than a 10 or 20.
Personally, if you want to carry cash, a few £50's take up less room in your wallet.
my wallet however is usually full of credit card receipts.

[red_slr]

They can give them as change, they are legal tender.

As for paying them into the bank, most businesses are charged for all cash paid in not just 50s.

[The Nur]

red_slr said:

They can give them as change, they are legal tender.

As for paying them into the bank, most businesses are charged for all cash paid in not just 50s.

So what note would you use to get a £50 back as change?

[DoubleSix]

grand cherokee said:

that reminds me of a tale from an 'undertaker' I know - collects bodies where crime is not suspected

Does he do swapsies?

[Sheepshanks]

grand cherokee said:

one might question the logic of the 500Euro note - even the twits in Brussels should have realised it was going to become the criminals choice of currency?

We got some for a French colleague some years ago and he nearly had a baby - he said they're basically unusable, no-one will take them except banks and you get the 3rd degree on where you got them etc.

[egomeister]

Sheepshanks said:

grand cherokee said:

one might question the logic of the 500Euro note - even the twits in Brussels should have realised it was going to become the criminals choice of currency?

We got some for a French colleague some years ago and he nearly had a baby - he said they're basically unusable, no-one will take them except banks and you get the 3rd degree on where you got them etc.

Might be a bit different in other countries though... I've seen someone paying for their dry cleaning with a 200 euro note in Germany

[Phateuk]

TheEnd said:

Zoon said:

Mainly down to most places not accepting them due to the large number of counterfeits.

I would imagine they are the least likely to be counterfeited because every time you hand one over, they get tested with 2-3 pens and the manager called for a look too.

It's the one note that always attracts attention.

The only one I've ever had - this is exactly what happened when I handed it over at a petrol station..

[ralphrj]

Zoon said:

Mainly down to most places not accepting them due to the large number of counterfeits.

I doubt that there are many counterfeit £50 notes in circulation as they are harder to forge than the other banknotes due to an additional security feature and people generally pay more attention to checking them.

I suspect that the reason you don't see them so often is that the extra security feature makes them more expensive for the Bank of England to produce (or rather De La Rue to produce for the BoE).

[alock]

Skyedriver said:

As I understand it, shops don't like them as they cannot give them back as "change" and they are charged for taking them into the bank.

If shops don't take them for this reason then the largest note they will typically take will be the £20 note. So why are they taking the £20 note as they'll never be able to use it for change either

[The Nur]

alock said:

Skyedriver said:

As I understand it, shops don't like them as they cannot give them back as "change" and they are charged for taking them into the bank.

If shops don't take them for this reason then the largest note they will typically take will be the £20 note. So why are they taking the £20 note as they'll never be able to use it for change either

As it states in the second half of the quoted post (the bit that you ignored), they aren't charged for taking £20s into a bank, as they are with £50s. Hence, taking £20 notes is fine as they can be taken in the bank without penalty. If they accepted £50 notes in the same way, they would be charged.

Do you understand?

[43034]

Go in to a pub on a Friday afternoon. All the tradesmen will have them.

[soad]

43034 said:

Go in to a pub on a Friday afternoon. All the s will have them.

EFA

[technodup]

43034 said:

Go in to a pub on a Friday afternoon. All the tradesmen will have them.

This, I have lots of trades client and they'll usually pay cash, often in £50s. Rarer to get £100s but it is known.

I paid for my car in £50s so there's plenty of them around. It's just that a lot of places won't take them. But if they don't want my money...