£50 pound notes

On my trips back to Ireland I like to go racing and I still regularly see punters tendering €500 notes [otherwise known as a monkey] when having a bet with the bookies. Generally the bookies only accept them for larger bets minimum €300/400 and if you win you will always get your own monkey back.
 
bedouin said:
Doesn't UK still have £1million notes?
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Yes, held in the Bank of England along with a £100million one. They are NOT in circulation.

Edit:
I should have refreshed my memory from the days when I worked for De La Rue. Checking the facts, I now remember that there are as many £1m and £100m banknotes held in the BoE vaults as the value of Scottish and N.Ireland banknotes issued as those currencies are backed up by the BoE currency. They have never been issued for circulation.
 
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So it seens only back in the U.K. Shops make a fuss when a £50 note is offered , it also seens only in the U.K. Bank make a big thing about opening a account.
I can see a time when you only be able to buy stuff on a card and guess what Country will be the first to start .
 
Laysula said:
If you don't think that £50 is much, you can always give me your unusable £50 notes. :D
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Well in the big scheme of thing it's not ,
How offer to any of us go into a. Chandlers and come out before handing over less then £50 , I good tin of polish/ wax now will cost £15 to 20 .
We did a few days shopping to day , nothing special 39€ add a couple of bottles of cheap wine and there the £50 gone for a burton .
 
Is nobody here in the building, farming, sport coaching, household services, transportation, ............ trades? Lol! :)
 
dom said:
Is nobody here in the building, farming, sport coaching, household services, transportation, ............ trades? Lol! :)
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Me - see my post above.

One construction site Thursday night (pay day) session in the pub one of the subbies was waving a £50 note trying to get the barmaid's attention. The foreman fitter grabbed it off him and ate it!
 
DJE said:
Me - see my post above.One construction site Thursday night (pay day) session in the pub one of the subbies was waving a £50 note trying to get the barmaid's attention. The foreman fitter grabbed it off him and ate it!
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Oops missed that. I recall in the mid-90s a motorway contractor I know selecting one one of their new engineering grads each Friday and sending them to the bank to collect c. £350,000 in cash. Them were the days!
 
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Barnac1e said:
Only the Swiss fr1'000 and Singapore $1'000 have more value ...
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boe_1_000_000_kentfield_.jpg


Good luck changing that at Tescos.
 
sailaboutvic said:
Just out of interest , last time back home I was in a chandlers and went to pay for a part £12.40 with a £50 pound note and was told they didn't take 50 notes , I also notes lots of shop with signs up saying they wouldn't take 50 note , surely this in this day and age 50 isn't much , while sailing in Europe to pay with a 50 no one blinks a eye lid , I have been know to buy some thing for say 70 € and pay with a 200note in the pass with any big deal have this changed back in the U.K. or is £50 still not excepted in some shops .
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In Switzerland there are CHF 100, 200 and even 1,000 notes. You don't see many of the latter, and some businesses say they don't take them.

Of course Switzerland is also the place that I saw a sign outside the main branch of a bank, along the lines of: "Withdrawals from bank machines are limited to CHF 10,000. If you want more than that, come inside and see a teller."
 
Barnac1e said:
Only the Swiss fr1'000 and Singapore $1'000 have more value but their limited numbers in circulation preclude their use.

.
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I have seen a few CHF 1,000s. And a stack of Canadian $1,000s.
Apparently, most of the CHF 1,000s that are "in circulation" are not actually circulating in the economy. Stashed away carefully by gnomes.
 
sailaboutvic said:
:) Hopefully you be kind enough to forgive me.
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Did you know £1,000,000 in £50 notes weighs over 50lbs and the stack of notes would be eight feet high?

I wonder if those high-tech sails would be cheaper if they just made them out of fifties, instead? :confused:
 
Barnac1e said:
The C$1,000 note was withdrawn by the Bank of Canada in 2000 for the same reason the €500 is being withdrawn by the ECB this year - to avoid criminal use.
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I saw the stack if C$1,000s when I worked in a bank in Canada. That must have been nearly 30 years ago. Two and a half bundles of $1,000s. $250,000 in the palm of my hand. It was the only time I looked at cash and thought, "wow - this is really a lot of money".
 
Back in 70s I had an assistant who always carried a £50 note.
When we went to the pub he always offered to get the 1st round but usually the barman didn't have enough change, so someone else had to pay.
He worked that a couple of times until I made sure I had enough fivers to change it for him.
 
dancrane said:
Did you know £1,000,000 in £50 notes weighs over 50lbs and the stack of notes would be eight feet high?

I wonder if those high-tech sails would be cheaper if they just made them out of fifties, instead? :confused:
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Thanks , at last it's come to me why our boat sail
better on one tack then the other , must remember to move half my stack of fifty under the the port berth .
 
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