£50 notes

I experienced that in the UK last year, too.  In the US, $50 and $100 notes get similar treatment.  Funny especially when you think that today's $100 only buys what $10 did in 1960-70.

Nick

Same problem with Euro notes on the continent.  When we go I always insist on having no notes bigger than €20.  Very strange when you consider that a really good meal for a family will cost considerably more than that.

I almost never use cash anymore. I can put a $20 note in my wallet and it will still be there a month later.

I do that too ...

... however some would say that's because I'm a Yorkshireman - you know - deep pockets and short arms.

:hehe:

I think my wife would like that quality if I had it. 

Someone pls correct me if i am wrong but is their not a 500 euro note??

That being correct what chance of finding ANY retail outlet  to accept it

Mista h

I believe there are some very large denomination notes of many currencies that are technically legal tender but are not in general circulation...

Phil

$100 is the largest denomination of U.S. currency. There were larger notes in the past, but they are no longer in circulation.

Just like this film/movie the....Gregory Peck and the wonderful Wilfred Hyde White.

.....Two old, bored and fabulously wealthy brothers, Roderick and Olivier Montpelier, strike up a cruel wager. They draw up a currency note worth £1 million. Roderick believes it would be quite useless for any poor but honest man to use. Oliver however believes that just by possessing the note and never cashing it - any man could live like a lord.......

H you are correct there is a 500 euro note, but it would take me months to earn that much so never used one. !!

Hi mista h,

Maybe they refused to take the £50 note because they thought you looked 'dodgy'. 

I have no problem with 50 euro notes abroad, I've just returned from Spain where I used quite a few for meals out, but I never take higher denominations than that.

My (Naim) dealer has no problem taking wads of £50 notes. 

ATB

Steve

Steve

Hello  Steve  Steve

You tell me my picture is up on my profile taken at the finish of this years Marsden 14 mile walk,other guy who i play squash against is a fit bugger,runs marathons and the like.

Mista h

It was only a joke mista h.

It reminds me of when armed police raided our house once when I was a child. My father and grandfather were waiting in the car to pick me up from school and my grandfather picked up a toy Lugar gun I'd left on the seat and commented to my father how realistic it was. Too realistic as it turns out. Someone reported to the police that there were two dodgy characters with a gun in a car. They obtained our address from the number plate and soon after arriving home the house was surrounded. The police thought it was hilarious when they found out, especially when they saw my frail grandfather. 

So which of the two dodgy characters is you in the avatar? 

Hello Steve

Yes i did realise you were only having a bit of fun..no problem.

I am the one that looks late 30s,or thats what the mother in law always tells me about 5 minutes before she wants me to do her a major favour. Last week she asked me if i would drive her to kettering for the day.

Mista h

..and what's wrong with Kettering?

Sorry, obvious observation.

Ah Kettering. That reminds me of the time I was in the back of an ambulance on our way to Kettering Hospital with a legless corpse on one side and a member of my ambulance crew having a heart attack on the other. But that's another story.......... A little macabre for this forum me thinks. 

I think this has to do with people's lack of trust, and hence suspicion.

In SIngapore, we have $100 notes (about 52 UK pounds), and they are widely accepted without question.

To change the topic slightly whats the smallest amount you would think of using a C/C  or Debit card for?  Anything under a tenner i would always use cash. I few weeks back the guy in front of me paid for 2 coffies by card in a spoons,the q to be served got longer and longer while he frigged around,all for £2.50.

Steve in answer to your question i am the one holding a finishers medal.

Mista H

I think that the problem with the £50 note, from the small trader's point of view, is that it depletes their float. The tendered £50 note can't be used as change in another transaction. If you're buying an item for, say, around £1000 and tender 20 x £50 notes, there is no problem as no/minimal change is required.

There is still a point at which a trader is expected to report a large cash transaction. I think that this currently stands at £9000/€15000. These limits were set when the € was worth about 60p and so the currency limits were broadly equivalent at that time.

I use them £50 notes frequently - but never offer them in transactions of < £20. Oddly, some concerns insist on 'checking' them - this is odd as £50's are rarely counterfeited because of the relative difficulty of spending, and hence laundering, them. £20 notes, which are much more frequently counterfeit, sail through unchallenged.

Re. large denominations, I think that the Bank of England has a £1M note for internal use.

Fraser

Steve

i remember you telling this story a while back,when i think you said you were the doc at santa pod or somewhere. You must have a cast iron stomach,if that had been me i think i would have either passed out or spewed my guts up,or maybe both.

Mista h

I use CC for all amounts. It's faster and easier, especially for the self-checkout lanes we have at the grocery and other stores. Cash is so 20th century.

A cast iron stomach goes with the territory mista h. I have stories more gruesome than that to tell from my experiences over the years.

PS Two fine looking fellows on the avatar!

Steve