8mm Forum: £ 50 notes

This is topic £ 50 notes in forum General Yak at 8mm Forum.

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Posted by Dominique De Bast (Member # 3798) on October 23, 2018, 07:20 AM:

A question for our British members. Usually when I change € for £ in Belgium, they tend to give me £ 10 and £ 20 notes than £ 50 ones and say these "high value" notes are hardly accepted in the UK. I have personnally never experimented any difficulty by using £ 50 notes (at conventions) but I was told at Harpenden that these notes are often refused. Is there any reason for that ? I can understand that some European sellers are reluctant to give change on a € 200 or € 100 note (especially for a small amount) but what would be the reason in the UK to refuse si often a $ 50 note ?

Posted by Maurice Leakey (Member # 916) on October 23, 2018, 11:07 AM:

It's true that large stores will be often umming and ahhing before accepting £50 notes, whilst smaller shops will probably refuse such notes as they cannot afford such a loss if the note is not genuine.
Probably the same applies to small traders at conventions, etc.

Posted by Dominique De Bast (Member # 3798) on October 23, 2018, 11:14 AM:

I didn't know there was a false note problem in the UK, Maurice (althoug euro notes are supposed to be very securised, they are some in circulation). That explains things...

Posted by Steven J Kirk (Member # 1135) on October 23, 2018, 11:22 AM:

I recently found that 'Kentucky Fried Chicken' in the UK refused my £50 note although they shouldn't really. When the Bank of England started these latest notes in 2011 they asserted they were 'unforgable' because there are so many security features. I think the problem is when you have a junior member of staff at the counter. Bigger shops are okay I find. So I would say there is nothing wrong with the notes it is about getting the new kid at the counter or someone that doesn't see a lot of cash. It is a pretty cherry red and pink note and it was recently stated that it will be continued in a polymer form after 2020 so it isn't going away...

Posted by Brian Fretwell (Member # 4302) on October 23, 2018, 01:06 PM:

The £50 note is going to be changed to a polymer one soon with more security features, so maybe they will be accepted more. I help at Campaign for Real Ale Beer Festivals and £50 notes have mainly been accepted only where we have note checker equipment to detect forgeries.

Posted by Dave Groves (Member # 4685) on October 23, 2018, 01:07 PM:

A £50 note proffered in a small shop for an inexpensive item would take all their spare cash. Can't remember when I last had a £50 note.

Posted by Tom Photiou (Member # 130) on October 23, 2018, 02:26 PM:

I could be wrong,but i thought it was illegal for shops to refuse legal British tender.

Posted by David Guest (Member # 2791) on October 23, 2018, 02:59 PM:

re £50.00 I called on a petrol station and put in £10.00 in petrol kiosk to pay attendant said we cant take these I said its has the queens head on and its legal show me where it says you don't take £50.00 no sign at all .I said you have 3 options take my money or let me off or get a pipe and syphon the £10.00 back out of the tank but first I will have to have weights and measures here to make sure you only take the right amount as this petrol stuff is expensive she let me off I have done this 3 times re blackpool I take £50.00 notes so bring plenty

Posted by Dominique De Bast (Member # 3798) on October 23, 2018, 03:10 PM:

David [Big Grin]

Posted by Joe Caruso (Member # 11) on October 23, 2018, 03:12 PM:

I'm going to exchange US to lbs, was going to get 50 lb note, tell me if I should bother, rather small notes? Thought it best to get larger ones for the hotel, don't want to have trouble, just wondering what best approach to take - Cheers, Shorty

Posted by David Guest (Member # 2791) on October 23, 2018, 03:45 PM:

joe you can get £50.00 notes I will always change them for smaller notes if you want if you get any problems

Posted by Paul Adsett (Member # 25) on October 23, 2018, 07:10 PM:

Joe stay away from the 50lb notes, they are way to heavy to carry around. [Smile]

Posted by Graham Ritchie (Member # 559) on October 23, 2018, 08:11 PM:

Paul 50lb is = to 22.68kg out here [Big Grin]

Posted by Kevin Clark (Member # 211) on October 24, 2018, 01:46 AM:

I remember some time ago I tried to pay for our shopping at Asda with two new £50 notes from some cash I withdrew at our bank earlier that day - in the busy supermarket with long customer checkout queues the checkout lady put on her red light and called for the supervisor, who then called for the manager, as they did not have a note scanner. I just gave up and left the shopping where it was and went elsewhere with my known to be genuine cash.

The biggest fake money fraud of recent times in the UK was not the £50 or £20 notes but the old style £1 coins which the Royal Mint estimate 1 in 40 were counterfeit so billions of £sss worth were in circulation. Mostly made in pikey workshops then foisted onto honest people via pubs and fairs. It was happening all over the country with one such set up caught out about a mile from here in Tonge Court Farm:

https://www.dailymail.co.uk/news/article-1262591/Jail-man-ran-secret-1-coin-counterfeiting-factory-farm-unit.html

Kevin

Posted by Winbert Hutahaean (Member # 58) on October 24, 2018, 06:38 AM:

Is cheque not a common method of payment in the UK? Here in New Caledonia, even for 700 francs ($7 or £5) people write a cheque 😂

Ps: $7 is nothing here as a McD Bigmac is $10 each...😊

Posted by Kevin Clark (Member # 211) on October 24, 2018, 06:45 AM:

Cheques are rarely used here now Winbert - I sent one to Grahame Newnham last month for some editor lamps and it was the first one I've signed for over a year. All debit cards and contactless payment up to £30 in most shops.

Kevin.

Posted by Terry Sills (Member # 3309) on October 24, 2018, 09:06 AM:

Counterfeit UK notes are getting quite a problem now. I recently was the victim of a forged £20 being passed at a car boot sale. We took the proceeds to our local bank and they ran the notes through a machine which spat out the fake £20 note.
The cashier pointed out the things to watch for, but if you weren't looking carefully you would not notice the difference. She stated that banks are seeing more and more of them these days. Needless to say we lost the £20. [Confused]

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