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New Alan Turing £50 note design is revealed

bbc.co.uk

91–100 of 171 posts

Re: New Alan Turing £50 note design is revealed

#91

Cool design + polymer, but they should probably just abolish the £50 already. Very few places accept them. Never mind the £100 notes you can get in some parts of the UK. I would say they should encourage better acceptance of these denominations, but cash seems to be dying in general. I look to Switzerland with envy, where as far as I can tell you can stroll into the supermarket and drop a 1000-franc note without issu…

1000 CHF bill are not really practical in Switzerland. Can’t remember seeing them as an option on many atms. And the only shops that will accept them are those where purchases are regularly in the several hundred francs range. But even in the large supermarket chains they might ask you to go change the bill at the nearest bank or postal office first if you try the buy a pack of chewing gum with it.

Re: New Alan Turing £50 note design is revealed

#92

Looking at the dates in the article - when Turing was convicted in 1952 the reigning monarch was... Elizabeth II, just like now. That's a long time.

It's quite extraordinary. She's met so many heads of state over the years. They all came and went and yet she remains.

The first list I found of her meeting US presidents: https://time.com/5333083/queen-elizabeth-trump-visit-preside...

Re: New Alan Turing £50 note design is revealed

#93

Cool design + polymer, but they should probably just abolish the £50 already. Very few places accept them. Never mind the £100 notes you can get in some parts of the UK. I would say they should encourage better acceptance of these denominations, but cash seems to be dying in general. I look to Switzerland with envy, where as far as I can tell you can stroll into the supermarket and drop a 1000-franc note without issu…

The problem was that £50 notes were most likely forged, I think, although I don’t know how true that was. So the solution surely isn’t to get rid of the notes as that just shifts the forgery to the next note down. Surely instead the solution would be higher valued notes being created. But: - I don’t really think the problem is forgery. I think it’s that it is annoying for a lot of shops to make change for £50. - I do…

> The problem was that £50 notes were most likely forged, I think

That was what we were told back when I worked in a small shop in a theme park in the late 90s. That combined with the fact that because we rarely saw them people tended to be worse at picking out fakes than they were with smaller denomination notes.

We were to ask people to go to the cash office at the front of the site to have large notes swapped for smaller currency, £10 and lower. The reason we gave the customer (which as you mention had the benefit of also being true, even though I was very much given the impression it wasn't management's primary concern) was that it would take all the change from out tills. We would accept £20s, though the sign up front suggested they be changed first too.

> solution surely isn’t to get rid of the notes as that just shifts the forgery to the next note down

The recognisability helps with lower denomination notes though. And taking a forged £50 is more of a hit than taking a forged £10 amongst others.

> Surely instead the solution would be higher valued notes being created.

The solution we are heading towards, more rapidly now due to C19's effects, is cashless. I still have a few coins in my running pouch in case I need to use a non-free public convenience and a few of notes in my wallet just in case the cards fail, but I don't think I've actually used cash at all in the last 12 months and that may remain the case once This is all over (there is a local corner shop that won't take contactless or other card payments for less than £10 - I simply don't go to that shop any more as that is inconvenient for me for single small items so I do without for now or walk further, and for needs >£10 I'll walk further to a larger store with more options anyway).

Re: New Alan Turing £50 note design is revealed

#94
post #44

Earlier quoted context omitted.

The problem was that £50 notes were most likely forged, I think, although I don’t know how true that was. So the solution surely isn’t to get rid of the notes as that just shifts the forgery to the next note down. Surely instead the solution would be higher valued notes being created. But: - I don’t really think the problem is forgery. I think it’s that it is annoying for a lot of shops to make change for £50. - I do…

In my experience most places were hesitant because they didn't have the change in the cash register. Anywhere busy with a full register accepted £50 notes happily. edit: to add to that, it used to be that £1 coins were the most forged in sterling cash. I can't say if that's still the case, but at one point it felt like 1 in 3 pound coins were a fake.

> it used to be that £1 coins were the most forged in sterling cash

IIRC that is/was only in number though, not total value.

Re: New Alan Turing £50 note design is revealed

#95

Earlier quoted context omitted.

>Very few places accept them I have heard this since I was a kid, in reality, it isn't true, at least not in London. I have never been refused when presenting a £50, not that I have carried them more than a dozen times. Most places that have issues taking them are small merchants who give away too many notes breaking them, so will often ask for a smaller note. When I was in New York once, I went into a CVS and bought…

Well, I had the opposite experience here in the North East - when my dad came over to visit he had a bunch of £50 notes he got from the cash exchange office and we literally couldn't spend them. He wanted to buy some jewlery for my mum and the store wouldn't take his notes. Few other places around the town wouldn't either. We literally ended up going to the branch of my bank and changing them for £20 notes and sudden…

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?

Re: New Alan Turing £50 note design is revealed

#96
post #28

It’s really cool that UK puts scientists to its own money. Most countries will go with politicians, buildings and warlords. I have to say that it saddens me to see Darwin go. Considering that the evolution theory is still considered controversial in many places(even in advanced countries like the US) I think it was a very bold move to have him on the note.

Check out https://en.m.wikipedia.org/wiki/Banknotes_of_the_Japanese_ye...

Re: New Alan Turing £50 note design is revealed

#97

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.

Is it correct to assume you do not live in the UK?

As for a (web) service, I'm not aware of any.

International airports and many major banks have currency exchanges. The exchanges take a healthy cut, where your personal bank most likely will not.

Re: New Alan Turing £50 note design is revealed

#98

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.

I think you could anyway get it from eBay with quite small overhead.

Re: New Alan Turing £50 note design is revealed

#99

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.

I was wondering if there was a business to be made buying these and framing them to sell to computer people in other countries :-)

Re: New Alan Turing £50 note design is revealed

#100

Earlier quoted context omitted.

Ever since I've blamed myself in Scotland in 2019 when I tried to pay for a group of friends and the restaurant had a random "no foreign credit cards" rule, cash is and always will be king when it comes to the UK for me. In many countries, accepting cash is legally required. Unless a foreign national can pay with their credit card reliably, such a rule should be the required fallback payment method.

The UK (and I would expect many countries) does not require merchants to sell anything to you if they don't want to. They're allowed to decide they don't like your money, and too bad you can't buy anything. Some constituent countries of the UK have legal tender laws but a legal tender law only applies to debts and you have not incurred a debt when you offer to buy something.

Actually, when I sit in a restaurant, as I did, and have just finished my meal, as I have, and ask to pay via card (as the sticker in the lobby told me is possible), I have incurred a debt, which I am willing to pay, either by card, or should that not be possible, with cash as a legal tender fallback.

In pubs that are card-only, pay-first, you might have an argument - but this may become a discrimination lawsuit the moment my card gets denied when the sticker says it should be accepted.

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