Who's got all the fivers?
Discussion
they are used more, wear more, and get returned to the bank for replacing more.
but in relative terms, cost as much to produce as any other larger note, so in fact you get less for your money by making it, and are then "produced less"
on the other side, ive been getting an awful lot more £50 notes.
A reflection of inflation showing through that to get by now, you need to be carrying this level of cash?
but in relative terms, cost as much to produce as any other larger note, so in fact you get less for your money by making it, and are then "produced less"
on the other side, ive been getting an awful lot more £50 notes.
A reflection of inflation showing through that to get by now, you need to be carrying this level of cash?
wedge girl said:
Think alot of it is down to fact that only £10 and £20 are dispensed from cash machines.
Surely that's a symptom rather than a cause?
Mind you, I can see the sense in loading a cashpoint with £20s and soem £10s before a weekend - saves needing a refil on Saturday morning...
srebbe64 said:
but in relative terms, cost as much to produce as any other larger note, so in fact you get less for your money by making it, and are then "produced less"
I'm no expert, but I would have thought it costs a lot less to make one fiver than it does to make five Pound coins.
5 pound coins will last years, a fiver has a life of far less.
Z
I seem to remember that all a note of any denomination is is a promissary note - as you can see it says "I promise to pay the bearer on demand" saves carrying all that gold around with you.
Anyone could therefore start their own currnacy, the problem is geting mr Tescways to accept it as they can only be 'sure' that the Bank of Blighty will be able to honour it.
T/O Did you know that one of the ways in which the Reichsbank in Germany tried to stave off the great depression in the late 1920's early 1930's was to print more notes and of hight denominations. Therefore devaluing the currancy even further. This lead to the issuing of the 20,000,000 mark note which I believe is the highest denomination banknote ever put into cirulation by a national bank.
Anyone could therefore start their own currnacy, the problem is geting mr Tescways to accept it as they can only be 'sure' that the Bank of Blighty will be able to honour it.
T/O Did you know that one of the ways in which the Reichsbank in Germany tried to stave off the great depression in the late 1920's early 1930's was to print more notes and of hight denominations. Therefore devaluing the currancy even further. This lead to the issuing of the 20,000,000 mark note which I believe is the highest denomination banknote ever put into cirulation by a national bank.
rude-boy said:
T/O Did you know that one of the ways in which the Reichsbank in Germany tried to stave off the great depression in the late 1920's early 1930's was to print more notes and of hight denominations. Therefore devaluing the currancy even further. This lead to the issuing of the 20,000,000 mark note which I believe is the highest denomination banknote ever put into cirulation by a national bank.
That's even more dumb than the Tories raising interest rates to 15% on Black Wednesday. When will Governments learn that they can't fight the market and win.
rude-boy said:
I seem to remember that all a note of any denomination is is a promissary note - as you can see it says "I promise to pay the bearer on demand" saves carrying all that gold around with you.
Anyone could therefore start their own currnacy, the problem is geting mr Tescways to accept it as they can only be 'sure' that the Bank of Blighty will be able to honour it.
T/O Did you know that one of the ways in which the Reichsbank in Germany tried to stave off the great depression in the late 1920's early 1930's was to print more notes and of hight denominations. Therefore devaluing the currancy even further. This lead to the issuing of the 20,000,000 mark note which I believe is the highest denomination banknote ever put into cirulation by a national bank.
Do you reckon they'd give me a 20,000,000 pound note?
I'm not fussy, one will do just fine.
2 Smokin Barrels said:
Slightly off topic..but I wonder how long it'll be before the metal in a 1p coin is worth more than 1p? That may well cause a shortage of coins!
They did for a while, that's why the early 1p coins are non magnetic and the current ones are magnetic. Changed in the early nineties
2 Smokin Barrels said:
Slightly off topic..but I wonder how long it'll be before the metal in a 1p coin is worth more than 1p? That may well cause a shortage of coins!
Coppers aren't actually copper all the way through. I tried hacksawing one once, and found what looked like steel. Backed up by a magnet. I guess steel is cheaper than solid copper.
jc8542 said:
Slightly off topic..but I wonder how long it'll be before the metal in a 1p coin is worth more than 1p? That may well cause a shortage of coins!
They did for a while, that's why the early 1p coins are non magnetic and the current ones are magnetic. Changed in the early nineties
Hmm..a quick survey of my change reveals some eighties 1p & 2ps, & I reckon there's more metal in one 2p than 2 X 1p.
If they are worth more than face value I'm off to sell em.
2 Smokin Barrels said:
Slightly off topic..but I wonder how long it'll be before the metal in a 1p coin is worth more than 1p? That may well cause a shortage of coins!
This happened in Italy, they used to have 5 & 10 Lire coins made of aluminium 'till some bright spark worked out they were worth considerably more than face value as scrap Aluminium.
Another thing that happened was they had tokens (Gettone) for public pay phones that could also be used as cash, every now & then they would double their value (as telephone costs increased) and those 'in the know' would stock up on them prior to an increase.
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