Shops refusing to take £50 notes

4p · 7 Apr 2010 at 18:13

WHY

My mate had to buy my cheese butty from co op, a protein shake from the gym and the barbers wouldn't cut my hair.

Whats to craic? It's legal tender !

h00fzilla · 7 Apr 2010 at 18:15

£50s are used a lot in money laundering? It means the shop has to give away a load of their cash float in change for small purchases? More costly to them if it's forged? Dunno, a few guesses.

J1234 · 7 Apr 2010 at 18:15

Using a £50 note to pay for something that costs a few quid is just silly.

semi-pro waster · 7 Apr 2010 at 18:15

Maybe there have been a number of instances where counterfeit notes have been passed in your locale, maybe they didn't want to have to accept a £50 note for relatively low value transactions (haircut possibly excepted) or maybe they all just didn't like the cut of your jib.

PhillyDee · 7 Apr 2010 at 18:15

Its simply becasue they are so few of them about, and they are the most forged.
How do you know yours is legit if you don't handle them every day?

4p · 7 Apr 2010 at 18:18

It's not silly though is it. The butty was 1 pound.

Two 20 notes, a 5 and 4 pound coins change. Not hard is it lmao.

Legit? Probably are got them from Natwest in town.

Burnsy2023 · 7 Apr 2010 at 18:18

Thorpy said:
It's legal tender !

And what's that got to do with it?

Luseac · 7 Apr 2010 at 18:18

The situation regarding £50 notes is a farce, they aren't widely accepted outside of London at all. The note is too damn old, it's 2 generations behind the new Adam Smith 20. Inflation is on the rise and there is a growing need for a £50 note that can be used. The BOE need to issue a new one with modern security features that will become widely accepted.

4p · 7 Apr 2010 at 18:19

Burnsy2023 said:
And what's that got to do with it?

Something about refusing legal tender is illegal? Dno

thecremeegg · 7 Apr 2010 at 18:19

PhillyDee said:
Its simply becasue they are so few of them about, and they are the most forged.

Thats not true, they are in fact the LEAST forged notes according to the Bank of England.

Counterfeit and Genuine Bank of England Banknotes in 2008 (numbers of notes)
Denomination

Counterfeit banknotes taken out of circulation
(rounded to nearest 1000)
Genuine banknotes in circulation
(averaged for the year rounded to nearest 1mn)
£5
3,000
254,000,000

£10
5,000
619,000,000

£20
675,000
1,314,000,000

£50
3,000
157,000,000
Total

686,000
2,344,000,000

That said, they are a nuisance and you generally only get them if you ask for them in the bank which means its serves you right fro trying to look rich

PermaBanned · 7 Apr 2010 at 18:20

Burnsy2023 said:
And what's that got to do with it?

What that's got to do with it is that they legally can't refuse it. Similarly to Scottish money. Off the top of my head they can if there are more than twenty coppers, but if you counted them then you might as well take it anyway.

craptakular · 7 Apr 2010 at 18:20

Thorpy;16318187 Two 20 notes said:
Just stop and think for a second.

Most floats are around the £50 mark and your wanting to use a £50 to buy a £1 sandwich!

Burnsy2023 · 7 Apr 2010 at 18:20

Thorpy said:
Something about refusing legal tender is illegal? Dno

You need to read up on what legal tender actually means. It's not applicable in this situation.

"andy" · 7 Apr 2010 at 18:21

id of given you the change in 20 pences

4p · 7 Apr 2010 at 18:21

I don't want to think about it, i wanted custom

semi-pro waster · 7 Apr 2010 at 18:21

Thorpy said:
It's not silly though is it. The butty was 1 pound.

Two 20 notes, a 5 and 4 pound coins change. Not hard is it lmao.

Legit? Probably are got them from Natwest in town.

You're trying to pay for something which has a value of 1/50 of the notes face value, while it may not be hard for the shop to exchange it you might find that they didn't have (m)any £20 notes or indeed much in the cash float at that point. A shop can refuse to sell to you/refuse to take your money for pretty much any reason the cashier feels like except under a very few proscribed circumstances.

Superewza said:
What that's got to do with it is that they legally can't refuse it. Similarly to Scottish money. Off the top of my head they can if there are more than twenty coppers, but if you counted them then you might as well take it anyway.

They can legally refuse it, they can refuse your custom on almost any grounds except certain proscribed grounds as mentioned.

4p · 7 Apr 2010 at 18:22

"andy" said:
id of given you the change in 20 pences

YOU ARE AWESOME

Burnsy2023 · 7 Apr 2010 at 18:24

Superewza said:
What that's got to do with it is that they legally can't refuse it. Similarly to Scottish money. Off the top of my head they can if there are more than twenty coppers, but if you counted them then you might as well take it anyway.

Scottish notes aren't legal tender in England and Wales anyway, not that it matters, like I said legal tender doesn't mean what you think it does.

Ascendancy · 7 Apr 2010 at 18:25

Even if they had to accept your £50 note, they could just pull the old "Management reserves the right to refuse service" malarky because you're being a pain in the arse

4p · 7 Apr 2010 at 18:28

Not my fault the bank gave me them is it

They looked cool so i said ok.