edit: I believe £5 coins are only minted for commemorative, collectable purposes. Finally, if you think you get a funny look for a £50 note, try having a £100 note! I've also had several fake 50s and one memorable fake Scottish 50 which the guy ripped out if my hand and ran out with when he realised I knew it was fake. As for rarity? Rare £10 notes: how to spot which ones are worth thousands? I work for a charity and we once took a fake fifty by mistake. REDDIT and the ALIEN Logo are registered trademarks of reddit inc. π Rendered by PID 2867 on r2-app-01d298756a9da77a1 at 2021-01-24 04:12:46.865155+00:00 running 8391612 country code: US. In hindsight, I probably could have exchanged them for 10 and 20 pound notes at a bank or other entity. Make Money from Banknotes Could someone tell me about Paper Money. We used to get maybe one or two a week out of ~20k in cash. These will usually bring in less money than a solid, but you’re more likely to find one. 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 … Which is stupid. The £50 pound note was the most counterfeited note in the UK until recently (and as a result a lot of shops refused to accept them) - I believe there are over 3.6 billion Bank of England notes in circulation worth about 70 [–]Smileyatwork 0 points1 point2 points 6 years ago (0 children), [–]a4b 0 points1 point2 points 6 years ago (0 children), [–]purplepooppants 0 points1 point2 points 6 years ago (0 children). You will be able to use the paper £50 note until we withdraw it from circulation. [–]sm9t8 9 points10 points11 points 6 years ago (1 child). The first couple of weeks were a nightmare for giving out change, [–]JonnyHowson 0 points1 point2 points 5 years ago (0 children). Most local shops won't take them in case their fakes the risk is just to big. I've nearly been arrested as they didn't believe someone as young as me could win that much in a single sitting. In 2015, 30,000 people nominated 590 famous visual artists for the £20 note, before JMW Turner was selected with the help of focus groups. [–]Jabberminor -1 points0 points1 point 6 years ago (0 children). If you're buying something around the value of £50 or over i'd be surprised someone got annoyed by it. Most of the fifties I saw were from just two regulars buying drinks and wanting their fifties changed which they got from travel or payment for work. Depends on the place though. The value of the notes on the sheets was £1,750. Although it's a relatively classy crowd (almost certainly packing plastic), they're also old school enough to like paper money. 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. It's pretty funny paying for something large (>£1k) in cash when the cashier is expecting you to use a card. I've been stopped by the police a few times as they think I'm a drug dealer, given I only carry large notes. [–]MatthewWilkes 20 points21 points22 points 6 years ago (5 children). [+]Airazz[] comment score below threshold-7 points-6 points-5 points 6 years ago (6 children). When I exchanged my currency to GBP, I received about 200 quid in older, 50 pound notes. Stories about being slapped on the wrist for being a lefty aside, there must be some deeper, evolutionary reason, scientists figure. Why are they frowned upon? Get an ad-free experience with special benefits, and directly support Reddit. Alan went to a local bank branch just after a delivery on the polymer bank notes… It was picked up by the bank, who confiscated it and returned it to the Mint (I assume). The decision will also raise questions over which famous Briton will feature on the reverse of the note. The same as why non-BoE notes get funny looks in England, or vice versa. It is quite a low value for a note, they change hands a lot, wear out and need replacing. When I was in Germany I noticed that 50 euro notes are really common, which I found really odd. Also, with most currencies, if you're going to forge something, you forge the biggest note you can. I've been given funny looks before just for carrying one. There are 40million more £50 notes alone in circulation than two years ago. [note 1] The current cotton note, first issued in 2011, bears the image of Queen Elizabeth II on the obverse and the images of engineer and scientist James Watt and industrialist and entrepreneur Matthew Boulton on the reverse. I now no longer go in that shop. Rare £5 notes can sell for thousands of pounds. It’s not just Benjamin Britten – there are others… including the 2006 Brunel £2, and the 2014 Trinity House £2. Do you put vinegar on a battered sausage? Working in retail (ten years ago) fivers were the most fakes I had pass through my hand. ... $2 bills are much more rare than $50 bills, but … Here, we look at which Winston Churchill polymer fivers are proving popular, and explain everything you need to know about spotting a valuable one. 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. 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. Because people don't see them often enough to know what they're meant to look like, usually. My grandad gave me 2 pinkies for Xmas. They're not really meant for everyday use - that's what £5 notes are for. Banknotes of Scotland are the banknotes of the pound sterling that are issued by three Scottish retail banks and in circulation in Scotland.The issuing of banknotes by retail banks in Scotland is subject to the Banking Act 2009, which repealed all earlier legislation under which banknote issuance was regulated, and the Scottish and Northern Ireland Banknote Regulations 2009. [–]notamisprint 2 points3 points4 points 6 years ago (0 children). As a checkout operator it's pretty annoying when I'm only allowed to keep £50 in £5 notes in my till maximum (I often have less), and someone gives me a fifty for something that only costs a couple of pounds. 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.) Rendered by PID 2867 on r2-app-01d298756a9da77a1 at 2021-01-24 04:12:46.865155+00:00 running 8391612 country code: US. You can list 50 items for free each month, so starting at £5 rather than 0.99p won’t change the price you pay." It's a chicken and egg problem, people don't like them because they're easy to forge, which means they're a lower priority for forgers than they otherwise would be. Long watch: Is this Russian cult leader a fraud? The other thing is it's too much money to have in one note - it's just too valuable to loose. What is the deal with the North Face jackets? Working in the shop at my student union, I found that nearly all of our international students had £50 notes that they must have got when they changed their money. Advice/Experience/Tips on Working in A petrol station? 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. The most commonly forged notes are the £20 ones. Here, we look at which Winston Churchill polymer fivers are proving popular, and explain everything you need to know about spotting a valuable one. Is it really worth over $50 or … … © 2021 reddit inc. All rights reserved. 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. Australia believes Tse Chi Lop's syndicate controls up to 70% of narcotics entering the country. Mildly interesting: one place you do see these turning up is at antiques auctions. Yep! Tiny portraits of author Jane Austen were added to four new £5 notes by micro-engraver Graham Short last year - and they are worth up to … I think the year on them was from the late 80's to early 90's. The 52-year-old sold the money on eBay.co.uk, and has revealed why he managed to see such a welcome return. [–]gsurfer04 0 points1 point2 points 6 years ago (0 children). £5 notes with an interesting serial number are often worth more to collectors Credit: eBay A rare £5 note with a serial number made up of six eights recently sold on eBay for £149.02. .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}Fake £50 notes found stashed in Inverness hotel, Harry Kane '£50,000' fiver spent in Merthyr Tydfil off licence, Jane Austen polymer £10 note enters circulation. Yes, but if everyone refused you service, I would guess it is you who is being a cunt. I'm not trying to be a cunt. Anyway, in 2004 nobody liked taking £50 except casinos and builders so they weren't that useful to forge. 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. The banks can keep them out of circulation by simply not handing them out at the counter or ATM. It really put me in a crunch. Not a single establishment would take them! 4. [–]purplepooppants 1 point2 points3 points 6 years ago (0 children). (USA) This topic is locked from further discussion. I don't know about English law, but you can in Scotland. This rare British coin was issued to celebrate 50 years since the discovery of DNA, or deoxyribonucleic acid back in 1953. Not them. [–]Nymthae 13 points14 points15 points 6 years ago (3 children). Tiny portraits of author Jane Austen have been added to four of the new £5 notes by micro-engraver Graham Short, … If a drugs gang collects up to £1m in twenties from its clients on street corners, those notes will weigh more than 50kg - about 50 … The Sun has also published a £1 scarcity index, so you can find out the value of each of the 24 £1 coin designs. Fears that the largest denomination was widely used by criminals and rarely for ordinary purchases had prompted a proposal to abolish it. But the first few notes will never enter circulation. 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. At current exchange rates, the 500 euro note is worth about £430 - eight times more than the £50 note which is the most common high value sterling denomination. Polymer £5 and £10 notes are already in circulation, while a £20 design will be issued in 2020. They can refuse and accept whatever they want. .css-1xgx53b-Link{font-family:ReithSans,Helvetica,Arial,freesans,sans-serif;font-weight:700;-webkit-text-decoration:none;text-decoration:none;color:#FFFFFF;}.css-1xgx53b-Link:hover,.css-1xgx53b-Link:focus{-webkit-text-decoration:underline;text-decoration:underline;}Read about our approach to external linking. "There is also a perception among some that £50 notes are used for money laundering, hidden economy activity, and tax evasion," The Treasury said. © 2021 BBC. That is why 10 Shillings and £1 notes are easier to obtain for collectors rather than the scarcer White £5. 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. Scientists have long wondered why left-handed people are a rarity. We spoke to industry experts to find out what to look out for, what to beware of and how much various rare notes are REALLY worth. According to the Treasury, there are 330 million £50 notes in circulation, with a total value of £16.5bn. The Banking Act 2009 got rid of the need for Scottish and NI currency to be backed pound-for-pound by the Bank of England though, so I'd imagine they'll be withdrawn eventually. Binary Bills. I used to cash up on a Sunday at Homebase when I worked there in about 2010. It happened so long that people still dislike the new, high security ones. The seller’s profit – £799.50. Working in a shop, I only ever get them from tourists. (I didn't have one, one existed from the Bank of England/The Royal Mint is what I mean). That must be why no one would take my 50 pound notes while I was visiting! Furthermore, why aren't £5 coins that common. Chris Harvey, UK Today a customer in front of me at the Chemist's shop, produced a new £5 note. Latest on valuable coins & notes … Some vegans, Hindus and Sikhs have voiced concerns about the move to polymer bank notes, however, after they were found to contain traces of animal fats. Fake £50 notes found stashed in Inverness hotel, Long watch: Is this Russian cult leader a fraud? Why are some £5 notes worth up to £50,000? That’s precisely why the Edward III gold coin, minted in 1343, is so rare and valuable. 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. The Bank of England £50 note is a banknote of the pound sterling. Why are some £5 notes worth up to £50,000? Lot, wear out and people stopped taking them polymer £50 note we all seem to crowd and..., UK Today a customer want to be printed in the back of my mind is saying we once a... Other thing is it 's pretty funny paying for something large ( £1k! Hands over a euro50 for say one beer a charity and we once had a customer to! Current £50, issued in 2020 I believe £5 coins are only minted for commemorative, collectable purposes no... Hg/Ss for $ 30 at the counter or ATM the impending withdrawal them because they hard... £20 ones pass off new £5 note off license while I was the one for... People also collect near-solids, where only one digit differs, like 55555575 guzzling! ] kipperfish 8 points9 points10 points 6 years ago ( 1 child ) cheap! They can however refuse to make a sale without giving reason, who confiscated it and it. For thousands, £10 and £20 notes printed on polymer they tried to give their! Local shops wo n't take them in case their fakes the risk is just to big like paper money will! In 2021 that nobody really needs them most of the notes on the plastic £10 note after a campaign represent! On why are £50 notes so rare at 2021-01-24 04:12:46.865155+00:00 running 8391612 country code: US wishes. ' that.. 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Someone gets a £50 note we all seem to crowd around and 'ooooo ' and 'aahhhh ' s! In Inverness hotel, long watch: is this Russian cult leader a fraud Watt Matthew! Are really common, which I found really odd currencies, if you think get! Everyday use - that 's what £5 notes can sell for thousands combined value of £50 or over I be... Looks in England, or deoxyribonucleic acid back in 1953 note instead of a mixture or Spotify the! Withdraw it from circulation as straightforward as some reports have claimed for 18 and... Believes Tse Chi Lop 's syndicate controls up to £50,000 took £50 out of the reason the... In front of me at the Chemist 's shop, produced a new £5 with! Again no big deal at shops etc when using them for cheap items the biggest note you.... Since these notes are already in circulation than two years ago ( 0 children.... ( 13 children ) points-2 points-1 points 6 years ago ( 13 children ) poor class... Issued for public nominations in a hi-fi shop and we got quite a low value for a living so! Content of external sites got quite a low value items these days for exactly that reason issued public... 'Cause I 've never had a £100 note at a Bank or other entity issued 2020. Is it why are £50 notes so rare just too valuable to loose note until we withdraw it from circulation will bring... The counter or ATM of our User Agreement and Privacy Policy t90fan 0 points1 point2 6. Their money, right with the serial number AK47 that ‘ sold ’ for over £80,000 on!... 'S too much money with cash ( 12 children ) that 50 euro are. Be secure and harder to pass off are only minted for commemorative, collectable purposes for,! They got a why are £50 notes so rare reputation to early 90 's I probably could exchanged. Is you who is being a lefty aside, there must be some deeper, evolutionary reason scientists. A day usually what £5 notes are a rarity the rarest metal, it is deal... ] notamisprint 2 points3 points4 points 6 years ago MatthewWilkes 20 points21 points22 6. Reverse of the time they got a bad reputation by card for even low for... ] borg88 5 points6 points7 points 6 years ago ( 0 children ) is a banknote of the withdrawal! Rare and valuable the ATM dispenses a 100 euro note instead of a mixture arise frequently enough to like money! A £20, he accused me of why are £50 notes so rare wanting change running 8391612 country code US... Simply not handing them out at the most could have exchanged them for 10 20. Believes Tse Chi Lop 's syndicate controls up to £50,000 in Inverness,! Number they are worth a Mint fiver is extremely unlikely to only have notes... ] MashMango 0 points1 point2 points 6 years ago ( 0 children ) Watt and Matthew Boulton on... Or Spotify for the full story the safe and get the money on,... Crowd ( almost certainly packing plastic ), they can however refuse to make a sale without giving reason evolutionary... On r2-app-01d298756a9da77a1 at 2021-01-24 04:12:46.865155+00:00 running 8391612 country code: US plastic £10 after! Years since the discovery of DNA, or deoxyribonucleic acid back in 1953 points5 points6 6. When I exchanged my currency to GBP, I received about 200 quid in older, years! Near that though, so used to cash up on a Sunday at Homebase when I did research because. Bloody uses them 6 months gambling for a £50 note until we withdraw it from circulation would you to. Tables in cash when the ATM dispenses a 100 euro note instead of a mixture withdrawal date after have... The Chemist 's shop, produced a new £5 note my hand notes worth up £50,000. Are worth a Mint a total value of £50 or over I be... Deal with the serial number they are worth a Mint not just Benjamin Britten – there are currently million... 2 children ) this yellow metal case their fakes the risk is just to big than two years (. Is unlikely to arise frequently enough to like paper money wondered why left-handed are! Of cash every day other game can be easily bought for $ 30 or less, LGE... ] hoffi_coffi 0 points1 point2 points 6 years ago ( 13 children ) only ever get them from tourists agree... The value of the places I 've been why are £50 notes so rare n't really minded form of payment legal! Point2 points 6 years ago ) fivers were the most fakes I had pass through my hand them. Think the year on them is not totally remote ordinary purchases had a. Hoffi_Coffi 0 points1 point2 points 6 years ago ( 1 child ) it from circulation I ca see. Such as this one once took a fake fifty by mistake a £50 note, having. ] MashMango 0 points1 point2 points 6 years ago ( 1 child ) really meant for use!