?50.00 notes being phased out. ???

[DulwichFox]

There has just been an article on BBC 1 about ?50.00 notes being phased out.

It stated that last year no new ?50.00 notes were printed.. and there is no plan to issue a Polymer note at any time.

It also suggested that ?50.00 notes were mainly used in the criminal fraternity and often not accepted in many high street outlets.

It also stated that very few ATM's dispensed them..

Strange then that this week the ATM at Barclays Lordship Lane issued me with a ?50.00 note.

I took the note into the bank and got it changed up to smaller notes..

The counter staff told me that this was a new thing due to popular demand..

I find this very strange..

DulwichFox

[Earl Aelfheah]

I don't think I've ever had a fifty pound note.

[KalamityKel]

Usually, in my experience and not an over generalisation here, Americans and tourists like to open their wallets full of fiftys...

I don't like the buggers, always difficult to spend locally.

[Earl Aelfheah]

I can imagine they're not great if you just want to buy a coffee

[DulwichFox]

rahrahrah Wrote:

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> I can imagine they're not great if you just want

> to buy a coffee

Perfect for a couple of Burgers and a bottle of Red House..

Foxy

[Louisa]

Foxy the ?50 note is not easy to dispose of on a regular night out around a few local pubs, but if you happen to be travelling into town it can be handy if you have a tab in a bar or restaurant and don't wish to take your card. Makes settling the bill easier at the end of the evening. I grant you though, this isn't a regular occurrence and probably isn't worth keeping the note going for.

Louisa.

[Jah Lush]

You don't see them that often anyway. They're about as rare as hen's teeth. So not too bothered if they phase them out.

[red devil]

I've used them a lot for paying 'cash'..say no more

[Jah Lush]

Yeah, that's about the only time I've used them. When I had the builders in a few years ago and they wanted paying in cash but for everyday use, forget it.

[Loz]

I work in a shop and see quite a few. I am always suspicious of them and give them extra attention to check they are legit.

So it's kind of ironic that the only fake we've taken this year (detected by the bank) was a twenty.

[Seabag]

I used to love a fifty pound note, all nice and fresh

But they could cut your nose quite easily

[Toffee]

Blimey, better get rid of my large stash of them pronto.

[TheCat]

I didn't realise there was anything smaller than a fifty....

[TheArtfulDogger]

Foxy

Show us your source or is this just a rumour ?

[DulwichFox]

TheArtfulDogger Wrote:

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> Foxy

>

> Show us your source or is this just a rumour ?

It was on BBC Breakfast TV. .. Related article:-

http://www.bbc.co.uk/news/business-35519884

Foxy

[teddyboy23]

Why do people think its mainly shady people.who have all the fifty pound notes. Any way ,I'm selling them fifty five pounds each plus ?6-99 to deliver.

[TheArtfulDogger]

DulwichFox Wrote:

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> TheArtfulDogger Wrote:

> --------------------------------------------------

> -----

> > Foxy

> >

> > Show us your source or is this just a rumour ?

>

> It was on BBC Breakfast TV. .. Related article:-

>

>

> http://www.bbc.co.uk/news/business-35519884

>

> Foxy

The article you mention is almost a year old and is the views of an ex bank chief (who has no influence today) saying that the ?50 note should be withdrawn. Yes the BOE has said they have no plans to introduce a plastic fifty but nowhere have I found evidence that they are going to withdraw the current note, therefore your post appears to be based on speculation rather than fact.

?50 notes are useful, I often pay people in cash (for legitimate reasons) and say ?3,000 in cash is either 60 fifties, 150 twenties or 300 tens... It makes it a no brainer to carry a smaller (in volume) bundle of notes rather than what feels like a carrier bag full of smaller notes.

Foxy happy scaremongering (sorry Christmas)

[DulwichFox]

TheArtfulDogger Wrote:

-------------------------------------------------------

> DulwichFox Wrote:

> --------------------------------------------------

> -----

> > TheArtfulDogger Wrote:

> >

> --------------------------------------------------

>

> > -----

> > > Foxy

> > >

> > > Show us your source or is this just a rumour

> ?

> >

> > It was on BBC Breakfast TV. .. Related

> article:-

> >

> >

> > http://www.bbc.co.uk/news/business-35519884

> >

> > Foxy

>

> The article you mention is almost a year old and

> is the views of an ex bank chief (who has no

> influence today) saying that the ?50 note should

> be withdrawn. Yes the BOE has said they have no

> plans to introduce a plastic fifty but nowhere

> have I found evidence that they are going to

> withdraw the current note, therefore your post

> appears to be based on speculation rather than

> fact.

>

> ?50 notes are useful, I often pay people in cash

> (for legitimate reasons) and say ?3,000 in cash is

> either 60 fifties, 150 twenties or 300 tens... It

> makes it a no brainer to carry a smaller (in

> volume) bundle of notes rather than what feels

> like a carrier bag full of smaller notes.

>

> Foxy happy scaremongering (sorry Christmas)

My post was mainly about getting one from the ATM

The Header ?50.00 notes being phased out. ??? (note the question marks. ???)

If you have any problems with anything else in my post, contact the BBC.

P.S.. I certainly would not accept ?3,000 in 50's from any one.

DF

[TheArtfulDogger]

Oh dear foxy, you started your post with

"There has just been an article on BBC 1 about ?50.00 notes being phased out." (The main point of your post)

Getting forgetful now your winter mange has taken hold are we .. Never mind the vet had a gun (sorry cure) for that 👍

[DulwichFox]

TheArtfulDogger Wrote:

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> Oh dear foxy, you started your post with

>

> "There has just been an article on BBC 1 about

> ?50.00 notes being phased out." (The main point of

> your post)

>

> Getting forgetful now your winter mange has taken

> hold are we .. Never mind the vet had a gun (sorry

> cure) for that 👍

It was the introduction to the main part..

Strange then that this week the ATM at Barclays Lordship Lane issued me with a ?50.00 note.

I took the note into the bank and got it changed up to smaller notes..

The counter staff told me that this was a new thing due to popular demand..

There is nothing wrong with my memory..

So be a good chap and toddle off somewhere else..

Bashing the Fox is a bit 'Last Year'

I have some excellent 5,000 piece jigsaw puzzles you can borrow if you are bored..

Lots of Sky and Sea.

Also some smaller 100 piece ones.. Said 5-7 years on the box . but I managed to complete it in 6 months..

D.F.

[ianr]

The ?50 note story was also on Radio 4 Money Box yesterday. There's a repeat starting at 21:02, or go to http://www.bbc.co.uk/programmes/b0853h4k .

[DulwichFox]

ianr Wrote:

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> The ?50 note story was also on Radio 4 Money Box

> yesterday. There's a repeat starting at 21:02, or

> go to http://www.bbc.co.uk/programmes/b0853h4k .

Thank you for that Ianr.. Very informative. It was the Guy from Money Box Paul Lewis.. ?

Kind of proves Foxy was NOT scare mongering and is not losing his Marbles.

Just reporting a BBC News Article.

Foxy.

[Jeremy]

I used to work for one of the big banks, and there was an ATM in the building foyer which always dispensed 50s where possible. Never had a problem spending them in Canary Wharf, but a different story locally or in the west end.

[DovertheRoad]

For lot's of reasons, the powers that be would seem to be keen on us moving to a cashless society. I'm already carrying way less cash than a few years back with contactless etc. If you think about it cashless basically hands control to the state if it chose to exercise it. So...big picture is much more worrying than the convenience benefits.

Think of all those cash based businesses that have been skimming the tax man for years - already starting to get harder....

[jacks09]

DovertheRoad Wrote:

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> For lot's of reasons, the powers that be would

> seem to be keen on us moving to a cashless

> society. I'm already carrying way less cash than a

> few years back with contactless etc. If you think

> about it cashless basically hands control to the

> state if it chose to exercise it. So...big picture

> is much more worrying than the convenience

> benefits.

Not sure I see how it hands control to the state? All of the payment backbone is run by private companies? If anything cashless is less controlled by the state?