moochedit
I'm not feeding seagulls
I think there are max limits now on how many coins have to be accepted as legal tender. They bought that rule in to stop people paying fines in pennies.
The end of cash?
- Thread starter danny la rouge
- Start date
Cid
Proper break this time
emanymton
A cat politely sat on the flaming gardener.
It doesn't matter if it is legal tender ot not, it doesn't mean they have to accept it.
What is legal tender?
Many people are confused about what legal tender means. It’s actually about settling debts rather than how you can pay for things.
www.bankofengland.co.uk
brogdale
Coming to terms with late onset Anarchism
I think these type of You Tubers exploit the advance delivery of fuel = debt as a means to set up the clipIt doesn't matter if it is legal tender ot not, it doesn't mean they have to accept it.
What is legal tender?
Many people are confused about what legal tender means. It’s actually about settling debts rather than how you can pay for things.
brogdale
Coming to terms with late onset Anarchism
£1 & > = no payment limit AFAIK
This rule was introduced in Section 2 of the Coinage Act 1971, around the same time as UK decimalisation. In summary:
Gold coins are legal tender for payments of any amount;
"Silver" coins of of 50p (and later 20p) denominations for payments of any amount not exceeding £10;
"Silver" coins 10p and 5p denominations, for payments of any amount not exceeding £5;
"Bronze" coins, for payments of any amount not exceeding 20 pence.
Correct, because £1 coins didn't exist when coin denomination limits were defined in law in 1971.
skyscraper101
0891 50 50 50
They do. They clearly know it'll cause confusion and IMO it just makes them look like a knob. It's a bit like why I find a lot of the 'auditor' videos a bit uncomfortable because they often go looking for confrontation, and half of the time it's some poor immigrant working a low paid security job who doesn't speak English as their first language who is baited into some confrontation about the 'rights' of the public and 'UK law' all for youtube. One for another thread maybe.
UnderOpenSky
baseline neural therapy
Why do we bother with 50s when they hardly get used?
PR1Berske
Alligator in chains by the park gates.
moochedit
I'm not feeding seagulls
I read somewhere they were thinking of getting rid of them a few years back but foreign banks like them.
moochedit
I'm not feeding seagulls
Charlie has been on notes for years
PR1Berske
Alligator in chains by the park gates.
The ECB discontinued €500 notes because such a high denomination was unavoidably linked to crime.
moochedit
I'm not feeding seagulls
Yeah i think it was proposed to scrap fiftys because of crime etc but foreign banks who keep sterling for foreign exchange like them as obviously they have less demand for sterling notes than uk banks and they take up less space (same reason criminals like them).
However existing €500 notes in circulation remain legal tender.
mentalchik
"I say we take off and nuke the site from orbit."
I work in a small supermarket and get quite a few £50 notes....we are very close to a uni and a lot of the foreign students (especially the chinese) have £50's
PR1Berske
Alligator in chains by the park gates.
My first ever job was cash in hand at an off licence near the university. The amount of crap handed over by foreign students was a stream of fascination: shillings, Irish coins, US coins, the lot. I assume bureau de change have improved since but nonetheless.
wemakeyousoundb
hopefully not gimboid
ftfy
Elpenor
Dancing as fast as I can
Think they might have run out of reasons by that point tbh
moochedit
I'm not feeding seagulls
What does the tooth fairy want with all the teeth anyway?
i reckon they are recovering the 5g implants this leaflet person is obviously part of the conspiracy i'd better do some research lazythursday
Averagely-Known Member
One thing I just don't understand is how going cashless would prevent you 'saving for a rainy day'?
8ball
Decolonise colons!
Would depend on the type of rain.
PR1Berske
Alligator in chains by the park gates.
There's been a few very subtle "Brits are saving too much" articles in the Tory press recently. I've started to wonder what that might all mean. Savings are vital and once certain articles become noticeable you get to thinking what's the real reason.
8ball
Decolonise colons!
Might relate to the fact that people with a decent amount of money just sit on it and the economy stagnates.
People who have less money spend it on stuff that they need to live on, which goes to people who stimulate economic activity.
PR1Berske
Alligator in chains by the park gates.
“For me, who cares?” said Benson, who had first considered keeping an old bill featuring Queen Elizabeth. “For what? I’m not related to history of England.”
www.theguardian.com
Minted: public rush to snap up valuable new King Charles banknotes
Some enthusiasts queued for hours outside of the Bank of England to get their hands on the new currency, while others withdrew it by chance
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