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New Alan Turing £50 note design is revealed

bbc.co.uk

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Re: New Alan Turing £50 note design is revealed

#111

Post by Lio »

Milner08 wrote: post #68
hnlmorg wrote: post #47

Earlier quoted context omitted.

I have carried £50 notes (and accepted £50 notes when I had jobs while studying) and the only occasions I've seen them refused is when there wasn't enough change in the cash register. Scottish and other non-English sterling is another matter. Despite being legal tender in England, smaller shops don't see it frequently enough to want to take the risk handling them.

Im like 80% sure Scottish notes are not Legal tender even in Scotland. Legal tender has a fairly narrow definition. They are accepted, and legal, but not 'legal tender'... Well that was my understanding at least. There is also no obligation for shops to accept _any_ notes as far as I know. Especially when they have no idea how to tell if they're legit (Scottish notes are incredibly rare in England and Wales).

(Not a lawyer but from my 1 module at uni) I belive that you are correct on both counts. Scottish bank notes are NOT legal tender anywhere and on one has to accept them except the issuing retail bank.[1]

So retailers can reject them for the same reason as when you see something labelled with the wrong price. The shop keeper is under no obligation to sell it to you for that price.

What you actually see is a reference for you, the customer, to initiate an offer to buy something at that price.

If the shop keeper doesn't like the look or you money or the price your offering he can reject the deal.

As far as legal tender goes that only applies to the settling of debts and a retailer could reject an offer to sell they don't like even if you do offer legal tender.

Even Bank of England copper coins are only legal tender up to something like the value of 20p. So you can't take a truck load of copper coins to your landlord to pay for rent in arrears.

1. https://en.wikipedia.org/wiki/Banknotes_of_Scotland

Re: New Alan Turing £50 note design is revealed

#112

Post by wrboyce »

mauvehaus wrote: post #88

Is there a service that lets me exchange USD for GBP that guarantees I'd get my GBP in cold, hard cash in these? Preferably newer, perhaps uncirculated? I'm no collector, I just think it's cool that Turing is on a bank note, and I want one.

If you’re really struggling and would like a mint note, I’m UK based and happy to assist in getting one over to you.

Re: New Alan Turing £50 note design is revealed

#114

Post by willis936 »

ragnese wrote: post #84
DaiPlusPlus wrote: post #3

Finally, a better way to recognise him - instead of Benedict Cumberbatch's criminally inaccurate 2014 portrayal - or that renamed road on the MS campus - or the great British tradition of a park bench...

Agreed. Before I was done watching the very first scene of that movie, I had my phone out because I thought maybe I didn't know he had ASD. Nope. He didn't. Just the way pop culture likes their nerds to act.

That’s because Turing in the movie had a textbook case of ASD. They just went down the checklist of behaviors and put them all in. It was cringey to see a character study get it that wrong intentionally.

Re: New Alan Turing £50 note design is revealed

#115

Post by dcminter »

gambiting wrote: post #109
dcminter wrote: post #95

Earlier quoted context omitted.

I don't agree that it's dumb - at least not from the government's point of view. High denomination bank notes are very useful for tax evasion. What's in it for them?

>>High denomination bank notes are very useful for tax evasion How so? And if this is an actual, real problem...then stop printing them? What's the point of making currency that normal citizens have issues using? I just don't undestand it on some fundamental level. Where I'm from(Poland)_200PLN(about £40) notes are very common in circulation, and if you were to pay for a 5PLN loaf of bread with a 200PLN banknote I ca…

Most Brits pay with debit cards or credit cards. This leaves an audit trail.

https://www.ft.com/content/afe8ed5a-cd10-11e5-986a-62c79fcbc...

I think you're conflating twoo things as well. Retailers don't like high denomination notes because they're more likely to be forgeries (getting change from a low value purchase with a high denomination note is a simple way to launder forged notes)

Governments don't like them because of tax evasion (though they'll call it "anti money laundering because not all upstanding citizens are entirely averse to a spot of cash-in-hand money laundering).

I presume there's just enough demand from business (where using high denomination notes for high value B2B transactions has very low transaction costs) that they still print them, but I would be surprised if they're still around in a decade.

Re: New Alan Turing £50 note design is revealed

#116

Post by teekert »

mauvehaus wrote: post #88

Is there a service that lets me exchange USD for GBP that guarantees I'd get my GBP in cold, hard cash in these? Preferably newer, perhaps uncirculated? I'm no collector, I just think it's cool that Turing is on a bank note, and I want one.

Ha! I was thinking the same thing! Would be cool to have, one of my heroes!

Re: New Alan Turing £50 note design is revealed

#117

Post by foldr »

raverbashing wrote: post #105
mauvehaus wrote: post #88

Is there a service that lets me exchange USD for GBP that guarantees I'd get my GBP in cold, hard cash in these? Preferably newer, perhaps uncirculated? I'm no collector, I just think it's cool that Turing is on a bank note, and I want one.

Go to a money exchange place (preferably somewhere that doesn't have too many UK tourists) and ask nicely if they have it and ask to buy one. The caveat is because places with lots of tourists will have their "pocket change" (old notes)

The older notes don't remain legal tender for long in the UK, so you won't have to wait long before the currency exchanges have the new notes.

Re: New Alan Turing £50 note design is revealed

#118

Post by carmen_sandiego »

galangalalgol wrote: post #82
boring_twenties wrote: post #72

Earlier quoted context omitted.

$100 bills are routinely checked in the US, but almost never refused IME.

Can they refuse a valid bill legally? I have seen places checking $5 bills in some parts of town.

Generally, a private business doesn't have to transact with you, so yeah they can just say "no I don't want to sell you this if you're going to use a hundred dollar bill".

Legal tender is only a thing for the settlement of pre-existing debts.

Re: New Alan Turing £50 note design is revealed

#119

Post by willis936 »

mhh__ wrote: post #83
curiousgal wrote: post #6

I personally think Turing was more worthy of being buried between the graves of Darwin and Newton than Hawking.

I feel like that's like choosing your favourite child though. Both were extremely influential in their field; both have a deeply moving human story as well.

A human story of abandoning families for some hot new piece?

Re: New Alan Turing £50 note design is revealed

#120

Post by PeterisP »

gambiting wrote: post #109
dcminter wrote: post #95

Earlier quoted context omitted.

I don't agree that it's dumb - at least not from the government's point of view. High denomination bank notes are very useful for tax evasion. What's in it for them?

>>High denomination bank notes are very useful for tax evasion How so? And if this is an actual, real problem...then stop printing them? What's the point of making currency that normal citizens have issues using? I just don't undestand it on some fundamental level. Where I'm from(Poland)_200PLN(about £40) notes are very common in circulation, and if you were to pay for a 5PLN loaf of bread with a 200PLN banknote I ca…

The explanation for not accepting 500 eur notes when you generally sell stuff for However, if you're making a jewelry purchase with multiple 50 quid notes, denying them would seem unreasonable.
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