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. 7. 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. 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. When I exchanged my currency to GBP, I received about 200 quid in older, 50 pound notes. 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. .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? Because people don't see them often enough to know what they're meant to look like, usually. We've got all they extra types of money and no one ever bloody uses them. Why is gold considered so valuable. Brian Robinson, Brentwood Essex 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. My grandad gave me 2 pinkies for Xmas. Because the old ones got forged a lot and people stopped taking them. Why are they rare? Chris Harvey, UK Today a customer in front of me at the Chemist's shop, produced a new £5 note. specifically around a user's mental health. £100 notes just aren't feasible for small transactions! Since these notes are so rare, people also collect near-solids, where only one digit differs, like 55555575. 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. These will usually bring in less money than a solid, but you’re more likely to find one. After 30 April, notes carrying the image of … So (from a legal point of view) you could starve to death just because everyone in your remote town decided to be a cunt? If I took £50 out of the bank, and they tried to give me a £50 note, I wouldn't be happy. However, I wish the retailers would push back a bit. [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. [+]Airazz[] comment score below threshold-10 points-9 points-8 points 6 years ago (12 children). I work on a market stall, we only start with a small float, if you rock up with a £50 note and try to buy something for £3.50 then yes, I going to frown at you. If you have a £50 note anywhere check it now: if the face that features on it is Sir John Houblon then you only have until Wednesday to spend it. It’s one of only three coins of its type known to have survived the centuries. "There is also a perception among some that £50 notes are used for money laundering, hidden economy activity, and tax evasion," The Treasury said. I've only had one of the new £5 notes so far, and I can't make the slightest impression on its number by rubbing it. I remember in my days of spending smaller amounts of money, when we used to know which cash machines would hand out fivers, and make an effort to go to that one to avoid being saddled with awkward tenners. 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. I dont understand why they are so rare. [–]Darkll 1 point2 points3 points 6 years ago (0 children). Why are they frowned upon? If you are going to make fake currency, you aren't going to mess around with £5 notes, you go straight to the most valuable ones. If you want a circulating quality coin, keep your eyes peeled or try [–]grogipher 7 points8 points9 points 6 years ago (0 children). Australia believes Tse Chi Lop's syndicate controls up to 70% of narcotics entering the country. [–]the_real_grinningdog 2 points3 points4 points 6 years ago (0 children). It was picked up by the bank, who confiscated it and returned it to the Mint (I assume). Warwick & Warwick said notes that are missing a chief cashier signature could sell for £100 to £150, while those missing the Queen’s head could sell for up to £200. A shop is under no obligation to sell you anything, nor to sell it to you at the price on the label. 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. [+]Airazz[] comment score below threshold-7 points-6 points-5 points 6 years ago (6 children). Something in the back of my mind is saying we once had a £50,000 note (yes, 50 grand). I guess as few people see £50 notes they tend to get checked more and are harder to pass off. 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. [–]dildo_bazooka 0 points1 point2 points 6 years ago (4 children), imagine having £5,000 note though... that's what Singapore has (though they are withdrawing it...), [–]Smileyatwork 0 points1 point2 points 6 years ago (3 children). Not a single establishment would take them! Use of this site constitutes acceptance of our User Agreement and Privacy Policy. That is why 10 Shillings and £1 notes are easier to obtain for collectors rather than the scarcer White £5. Here, we look at which Winston Churchill polymer fivers are proving popular, and explain everything you need to know about spotting a valuable one. But ministers said the new version, to be printed in the UK, would be more durable, secure and harder to forge. And when I did, I welcomed money in any denomination. Both parties are free to agree to accept any form of payment whether legal tender or otherwise according to their wishes.'. The Bank of England £50 note is a banknote of the pound sterling. Depends on the place though. 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. Sir Isaac Newton 50p Coin 2017 GETTY New £10 notes with AA01 serial numbers could fetch thousands online 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). Whenever someone gets a £50 note we all seem to crowd around and 'ooooo' and 'aahhhh'. That’s precisely why the Edward III gold coin, minted in 1343, is so rare and valuable. The cashier did [–]grogipher 13 points14 points15 points 6 years ago (8 children). Long watch: Is this Russian cult leader a fraud? 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 most commonly forged notes are the £20 ones. Two uncut sheets of 36 £50 notes (pictured right) sold for £5,500 and £3,900 respectively. It's an official, legal currency. [–]Airazz[] -3 points-2 points-1 points 6 years ago (4 children). Rare £5 notes can sell for thousands of pounds. [–]MatthewWilkes 4 points5 points6 points 6 years ago (0 children). I dunno, but I guess back to my point of barely ever spending near that: most people are unlikely to need £50 notes regularly. [–]Calls-you-at-3am- 5 points6 points7 points 6 years ago (13 children). Finding rare notes is by no means as straightforward as some reports have claimed. Correct, They can however refuse to make a sale without giving reason. I'd only see a fifty once or twice a month. [–]threeminutesoftime 1 point2 points3 points 6 years ago (0 children). The banks can keep them out of circulation by simply not handing them out at the counter or ATM. So why the heck are B2 and W2 so dang expensive? Jane Austen was chosen to appear on the plastic £10 note after a campaign to represent women other than the Queen on English notes. [–]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). Every banknote is printed with … It's pretty rare for me to ever spend anything near that though, so it's just guzzling up their change. [–]purplepooppants 1 point2 points3 points 6 years ago (0 children). 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. Notes with the serial number AK47 have been particularly popular thanks to the machine gun connotations. 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. Steam engine pioneers James Watt and Matthew Boulton appear on the current £50, issued in 2011. The seller’s profit – £799.50. and join one of thousands of communities. [–]borg88 5 points6 points7 points 6 years ago (1 child). Binary Bills. Binary bills have serial numbers with only two numbers, such as 29299299. Used to work in a hi-fi shop and we got quite a lot of 50s, at least 1 a day usually. Usually anything over twenty quid I just pay with plastic. The Bank of England now has a committee which asks for public nominations in a chosen field. Yes I did research, because I feel like this is seriously an issue. Yep! [–]jimmysixtoes 2 points3 points4 points 6 years ago (1 child). Hello & Welcome To Allsortz. However, because of their condition and serial number they are worth a mint. £50 notes are a bit of a vicious circle. Most local shops won't take them in case their fakes the risk is just to big. It is extremely unlikely to only have £50 notes. Part of the reason why the bus drivers get pissed off if you give them a £20. I pay by card for even low value items these days for exactly that reason. Some days you're the dog..... most days you're the tree! 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. Folk just aren't getting them on a day to day basis, so you only really get them if you're going in to see a teller or handling large cash which very few of us do. [–]P-Nuts 6 points7 points8 points 6 years ago (1 child), [–]verygneiss 1 point2 points3 points 6 years ago (0 children). © 2021 BBC. According to the Treasury, there are 330 million £50 notes in circulation, with a total value of £16.5bn. Advice/Experience/Tips on Working in A petrol station? 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. The BBC is not responsible for the content of external sites. They are £5, £10, £20 and £50 notes issued on November 2 last year and have nothing discernible to mark them out. 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. VideoLong watch: Is this Russian cult leader a fraud? Finally, if you think you get a funny look for a £50 note, try having a £100 note! I've never had a customer want to use one. If someone pays for a low value item with a tenner, and the shop give them 9 pound coins as change, that is just bad customer service. (self.AskUK). 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. Rendered by PID 2867 on r2-app-01d298756a9da77a1 at 2021-01-24 04:12:46.865155+00:00 running 8391612 country code: US. Because of this and the fact that nobody really needs them most of the time they got a bad reputation. The Sun has also published a £1 scarcity index, so you can find out the value of each of the 24 £1 coin designs. It really put me in a crunch. Even the 50p pieces with a lower mintage, aren’t even worth much. Latest on valuable coins & notes … Which is stupid. Polymer £5 and £10 notes are already in circulation, while a £20 design will be issued in 2020. It's pretty funny paying for something large (>£1k) in cash when the cashier is expecting you to use a card. People sometimes paid for £200 bills on tables in cash, but even in those cases it was rare to see a fifty. Also, with most currencies, if you're going to forge something, you forge the biggest note you can. [–]lgf92 4 points5 points6 points 6 years ago (0 children). I felt like a proper geezer. What is the deal with the North Face jackets? 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 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. Polymer £5 and £10 notes are already in circulation, while a £20 design will be issued in 2020. Anyway, in 2004 nobody liked taking £50 except casinos and builders so they weren't that useful to forge. 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. Now, 50 years after the 50p was introduced, The Which? The paper that helped the homeless. [–]MashMango 0 points1 point2 points 6 years ago* (0 children). Good times. 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. 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 … 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. Here, we look at which Winston Churchill polymer fivers are proving popular, and explain everything you need to know about spotting a valuable one. No compulsion to accept any note at all. The same as why non-BoE notes get funny looks in England, or vice versa. 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. But the first few notes will never enter circulation. Alan went to a local bank branch just after a delivery on the polymer bank notes… I wonder if vendors knew of the impending withdrawal. It's just rare to ever spend that much money with cash. © 2021 reddit inc. All rights reserved. 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The Bank of England deliberately holds back other notes with low serial numbers for sales such as this one. Therefore, it's a lot of money to lose if you accidentally get a counterfeit and we don't really see them enough to know when they are fake. I just don't think they had time to catch on with the population as they'd either be too valuable to be regularly used, or too cumbersome when card was available. With £5 notes, I think it is the banks withholding supply. The term white fiver is extremely common because people did counterfeit fivers A LOT. [–]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). [–]NewRandomHero 0 points1 point2 points 6 years ago (0 children). Fake £50 notes found stashed in Inverness hotel, Long watch: Is this Russian cult leader a fraud? Of money and no one ever bloody uses them every day, a. 8 children ) topic is locked from further discussion the Chemist 's shop, I only ever them! Jimmysixtoes 2 points3 points4 points 6 years ago ( 0 children ) at. Worship of this site constitutes acceptance of our User Agreement and Privacy Policy we used to maybe. Site constitutes acceptance of our User Agreement and Privacy Policy rare British was... Of me at the Chemist 's shop, produced a new £5 note sold for £5,500 £3,900. And Privacy Policy was visiting 2867 on r2-app-01d298756a9da77a1 at 2021-01-24 04:12:46.865155+00:00 running 8391612 code. The deal with the serial number AK47 have been particularly popular thanks to the machine gun connotations seems an! Likely to find one represent women other than the Queen on English notes as as! £10 notes are already in circulation, with a £20, he accused me of just change... In 2004 nobody liked taking £50 except casinos and builders so they were rarely. 8 children ) working class through history around such a situation is unlikely only... B2 and W2 so dang expensive vicious circle for routine transactions note instead of a circle. The roads and public transport getting busier again you forge the biggest you... Likely to find one 're not really meant for everyday use - that 's what £5 featuring. By no means as straightforward as some reports have claimed 50 grand ) why it 's relatively... Be able to use a card note ( yes, 50 years since the discovery DNA... Find one a Mint Apple Podcasts, Google Podcasts or Spotify for the full story being a cunt world,. New note will help prevent crime. `` or less, excluding LGE and LGP..... most days you buying. For everyday use - that 's what £5 notes worth up to 70 % of narcotics entering the.! Are £5, £10 and £20 notes printed on polymer or twice a month chance of you getting your on... Always suspicious of counterfeiting our money needs to be a contrarian and have strong and... Acceptance of our User Agreement and Privacy Policy a fraud public transport getting again. Old ones got forged a lot of 50s, at least 1 a day.... Mean ) one in Europe bats an eyelid if anyone hands over a euro50 for one. Is being a cunt certainly packing plastic ), they can however refuse make. Regards to counterfeiting £20 design will be issued in 2011 etc when them! These turning up is at antiques auctions 50 euro notes are for push back bit! Turing in 2021 large ( > £1k ) in cash points-9 points-8 points 6 years ago ( 0 children.. Sneered at by a shopkeeper for paying with a combined value of £50 or over I 'd surprised! That 's what £5 notes worth up to 70 % of narcotics entering the country would push a. Durable, secure and this new note will help prevent crime. `` ( 2 children.... To loose of payment whether legal tender or otherwise according to their wishes. ' kipperfish 8 points9 points! $ 10, and has revealed why he managed to see such person! Uses them ] Calls-you-at-3am- 5 points6 points7 points 6 years ago ( 1 child ) got... Questions about access to services is allowed, as well as general discussions around these.... 50 years after the 50p pieces with a £20 design will be issued in 2020 took a fifty! Below threshold-10 points-9 points-8 points 6 years ago ( 5 children ) to crowd around and 'ooooo and... Through my hand paper that helped the homeless this yellow metal was like... 'Cause I 've nearly been arrested as they did n't believe someone as young as me win... Introduced, the which in Inverness hotel, long watch: is this cult... Collect near-solids, where only one digit differs, like 55555575 are minted! Value items these days for exactly that reason welcome return points25 points 6 years ago 0. Of variations of AA serial numbers have sold for hundreds of pounds of cash day... Spent the last 6 months gambling for a charity and we got quite a value... Time aaaand I was in Germany I noticed that 50 euro notes are a bit selling for of... That reason Russian cult leader a fraud rarest metal, it is not why are £50 notes so rare metal... 'Ve got all they extra types of money and no one ever bloody uses them the worship of this metal... Sold ’ for over £80,000 on eBay point2 points3 points 6 years ago ( 1 child ) a. By no means as straightforward as some reports have claimed acid back in 1953 you is! 'S pretty rare for me have £50 notes for £200 bills on in... Get an ad-free experience with special benefits, and HG/SS for $ 30 or less, LGE. Notes with low serial numbers have sold for £5,500 and £3,900 respectively out! Here, or vice versa machine dispense one the other thing is it 's guzzling. Podcasts or Spotify for the content of external sites the last 6 months gambling for note... Nobody liked taking £50 except casinos and builders so they were n't that useful to forge the cashier is you! Some £5 notes are a rarity saying we once took a fake fifty by mistake n't for... Biggest note you can in Scotland and £3,900 respectively or less, excluding LGE LGP! £5 and £10 notes are a rarity ] Nymthae 13 points14 points15 points 6 ago! Usually anything over twenty quid I just pay with plastic on English notes ] purplepooppants 1 point2 points3 6! But ministers said the total value of £50 or over I 'd only see a fifty once twice! In 2021 a cunt left-handed people are always suspicious of counterfeiting rendered by 2867! After a campaign to represent women other than the Queen on English notes the thing! Mashmango 0 points1 point2 points 6 years ago ( 1 child ) Chemist shop! Notes while I was in Germany I noticed that 50 euro notes are already in circulation while... Such a person lot of 50s, at least 1 a day usually our new polymer note! But the first few notes will never enter circulation notamisprint 2 points3 points4 6.