New £50 Banknote with Alan Turing

[Parsifal]

The Bank of England has issued a new £50 banknote honoring the famous scientist Alan Turing.
(I don't know how many of you see these on a daily basis)

[RyCamp88]

That’s nice, he shares it with the woman responsible for his death.

[Kev]

That’s nice, he shares it with the woman responsible for his death.

Huh? I didn't know she was literally responsible for his death. 

It's good the gov't is honoring him.

[Bangle1]

I didn't even realise they did 50 quid notes in England, clearly I'm a peasant. I've just used card for pretty much everything, for years now.

[Bantock]

They were always beloved of dodgy car dealers of yore.

[pinkpunk]

That’s nice, he shares it with the woman responsible for his death.

Absurd!

[Maro]

I doubt I’ll ever see one of these. Even before the pandemic I used my card for almost everything, but the rare times I drew out over £50 I’d just end up with a mix of £10s and £20s.

[Parsifal]

For a banknote that was issued just in the last week (?) it seems to have a rather young portrait of the queen.  Doesn't she have white hair now?

For a banknote that was issued just in the last week (?)

Scratch that.  It was released to coincide with his birthday which was on June 23.

[ladsnet]

She's immortal. She does not age.


As for £50 notes. They're just for criminals aren't they ? Nobody else uses em.

[Jwb52z]

It would boggle the minds of the vast majority of Americans to think of not using cash anymore.

[Parsifal]

As for £50 notes. They're just for criminals aren't they ? Nobody else uses em.

The United States actually has banknotes in $500, $1,000, $5,000 and $10,000 denominations which were last printed in 1945 and discontinued in 1969, making the $100 bill the largest denomination banknote in circulation.  They were initially introduced to facilitate large cash transactions between banks, but were discontinued because, as ladsnet said, nobody else was using them by then except criminals (drug trade, money laundering, etc.)
Those higher denominations are still legal tender; you can use them.  But you'd be stupid to do so.  They have collector's value.  I saw one $1,000 banknote for sale for $5,000.

[Jwb52z]

Yeah, numismatists and notaphilists go crazy over old/antique money and coins for collecting.

[Parsifal]

It would boggle the minds of the vast majority of Americans to think of not using cash anymore.

I believe the French love their banknotes (preferably in francs).
I haven't been to Germany since before the pandemic.  They too love cash (and want their DM back).  I use credit cards for everything (even for just a cup of coffee), but found it hard to use them at restaurants in Germany where debit cards dominate.  (I don't have a debit card, only credit cards that get me frequent flyer miles. )

[Bangle1]

She's immortal. She does not age.


As for £50 notes. They're just for criminals aren't they ? Nobody else uses em.

Case in point...

https://www.thesun.co.uk/news/17039503/l...olen-card/

[Parsifal]

Case in point...

https://www.thesun.co.uk/news/17039503/l...olen-card/

The crooks were nicknamed the Blotto Louts after drinking for days to celebrate their 'win'

Were they planning to drink away the £4 million? 

[Jwb52z]

I think even the hardest alcoholic would be dead before they managed to drink 4 million GBP of booze.

[Parsifal]

The £50 note is attractive. Nice color.

[pinkpunk]

As for £50 notes. They're just for criminals aren't they ? Nobody else uses em.

They were initially introduced to facilitate large cash transactions between banks, but were discontinued because, as ladsnet said, nobody else was using them by then except criminals (drug trade, money laundering, etc.)

I know that the UK was highly critical of the €500 note and Wikipedia says

“The note is being phased out due to concerns of widespread use for illegal purposes. Most printing of new €500 notes ceased in 2019, although existing notes will remain legal tender until further notice … The Serious Organised Crime Agency claimed that "90% of all €500 notes sold in the UK are in the hands of organised crime", revealed during an eight-month analysis.”

https://en.m.wikipedia.org/wiki/500_euro_note

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I think even the hardest alcoholic would be dead before they managed to drink 4 million GBP of booze.

The Sun story says that “They did not get any of the £4million and their ‘only monetary gain’ was £172.34 after shopping in Londis and Waitrose. ”

[Tiuri]

It would boggle the minds of the vast majority of Americans to think of not using cash anymore.

This used to be the case in Germany as well, but the past 18 months have changed that. You can now pay with your card (or phone or watch) in almost any shop, something that was unthinkable a mere 2 years ago.

[Bangle1]

The £50 note is attractive.  Nice color.

I believe that's what they refer to as the 'pink pound'.