1 pound note
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I just found this out, but I'm rather curious to know from a more official source - which would be the UK brethren up in this joint. But, is it true there's no 1 pound paper note? Or a 100 pound one for that matter? I checked the Bank of England's website to make sure, I don't see any mention of them. Just rather surprised there isn't one, and would like to know for certain.
Jeremy Falcon
I still have the last one pound note that I owned. No idea why I kept it. I also have some groats, farthings, threepenny bits, sixpences, florins, half-crowns, crowns, guineas, ten-bob notes and various other old currency.
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i am an expat, I recall the pound note being taken out of circulation in the early nineties!
Out of curiosity... why were they taken out?
Jeremy Falcon
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I still have the last one pound note that I owned. No idea why I kept it. I also have some groats, farthings, threepenny bits, sixpences, florins, half-crowns, crowns, guineas, ten-bob notes and various other old currency.
Maybe in 100 years it might be worth something if you keep it. You never know.
Jeremy Falcon
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Out of curiosity... why were they discontinued?
Jeremy Falcon
Because they ripped holes in people's pockets and they were too heavy to carry around for long. Could you imagine carrying around 100 pounds to go shopping? ;P
#SupportHeForShe Government can give you nothing but what it takes from somebody else. A government big enough to give you everything you want is big enough to take everything you've got, including your freedom.-Ezra Taft Benson You must accept 1 of 2 basic premises: Either we are alone in the universe or we are not alone. Either way, the implications are staggering!-Wernher von Braun
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Maybe in 100 years it might be worth something if you keep it. You never know.
Jeremy Falcon
Whilst I plan on being here in 100 years I'm pretty sure it'll still be a nice to look at collection but not worth very much.
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Out of curiosity... why were they discontinued?
Jeremy Falcon
Cost. The price of printing the note was exceeding the value of the note itself! (It's all special papers, special inks, hugely expensive printing plates and presses, serializing, etc., etc.) Coins are cheaper to produce.
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
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Whilst I plan on being here in 100 years I'm pretty sure it'll still be a nice to look at collection but not worth very much.
Indeed: Age != value They made a whole lot of 'em! :laugh:
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
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Out of curiosity... why were they discontinued?
Jeremy Falcon
No idea. All the news from back then that I can find only mentions that it is happening, not why. There's one article that calls the coins "longer lasting" but they're just randomly throwing some adjectives and adverbs around, not actually saying that's the reason for switching back to a coin.
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Out of curiosity... why were they taken out?
Jeremy Falcon
the development of the 1 pound coin. For a Bank coins are cheaper to maintain than notes, as they have a much longer life span!
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I just found this out, but I'm rather curious to know from a more official source - which would be the UK brethren up in this joint. But, is it true there's no 1 pound paper note? Or a 100 pound one for that matter? I checked the Bank of England's website to make sure, I don't see any mention of them. Just rather surprised there isn't one, and would like to know for certain.
Jeremy Falcon
The one pound note was cheaper to produce than the pound coin but it didn't stand up to wear and tear as well. The coin has much greater staying power and was also considered to be harder to fake. The coin was also popular with vending machine manufacturers.
This space for rent
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Cost. The price of printing the note was exceeding the value of the note itself! (It's all special papers, special inks, hugely expensive printing plates and presses, serializing, etc., etc.) Coins are cheaper to produce.
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
I don't think it's the cost. Banknotes are relatively cheap to produce (smaller nominal values can have less fancy protection). I think it's more likely due to the inflation. Less valuable coins became more useless and they needed something to throw into parking and vending machines. Actually, I have no clue and I think I have never pound in my hands ever, but it's a fun thread.
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I just found this out, but I'm rather curious to know from a more official source - which would be the UK brethren up in this joint. But, is it true there's no 1 pound paper note? Or a 100 pound one for that matter? I checked the Bank of England's website to make sure, I don't see any mention of them. Just rather surprised there isn't one, and would like to know for certain.
Jeremy Falcon
Jersey has one, and there may still be a Scottish one, but England hasn't had one for a couple of decades, now. They're too expensive. Pound coins cost only a little more to make, but last a thousand times longer.
I wanna be a eunuchs developer! Pass me a bread knife!
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I just found this out, but I'm rather curious to know from a more official source - which would be the UK brethren up in this joint. But, is it true there's no 1 pound paper note? Or a 100 pound one for that matter? I checked the Bank of England's website to make sure, I don't see any mention of them. Just rather surprised there isn't one, and would like to know for certain.
Jeremy Falcon
5 is the smallest euro note too. it's because we didnt need to keep them in supply for tucking into stripper's underwear like what the Americans did.
Some men are born mediocre, some men achieve mediocrity, and some men have mediocrity thrust upon them.
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Whilst I plan on being here in 100 years I'm pretty sure it'll still be a nice to look at collection but not worth very much.
Then give it a million years. At some point... eventually man. You just gotta hang in there.
Jeremy Falcon
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No idea. All the news from back then that I can find only mentions that it is happening, not why. There's one article that calls the coins "longer lasting" but they're just randomly throwing some adjectives and adverbs around, not actually saying that's the reason for switching back to a coin.
Ok, thanks for the heads up. Seems like they'd get heavy adding up in your pocket though.
Jeremy Falcon
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Then give it a million years. At some point... eventually man. You just gotta hang in there.
Jeremy Falcon
:)
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Cost. The price of printing the note was exceeding the value of the note itself! (It's all special papers, special inks, hugely expensive printing plates and presses, serializing, etc., etc.) Coins are cheaper to produce.
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
They keep on saying the same thing about pennies over here. It cost more than a penny to make a penny. :doh:
Jeremy Falcon
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I don't think it's the cost. Banknotes are relatively cheap to produce (smaller nominal values can have less fancy protection). I think it's more likely due to the inflation. Less valuable coins became more useless and they needed something to throw into parking and vending machines. Actually, I have no clue and I think I have never pound in my hands ever, but it's a fun thread.
Can imagine the shear volume of coins that must collect from it.
Jeremy Falcon
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The one pound note was cheaper to produce than the pound coin but it didn't stand up to wear and tear as well. The coin has much greater staying power and was also considered to be harder to fake. The coin was also popular with vending machine manufacturers.
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It makes you wonder then why stop at £1 notes then and why not just go to coins. You'd think the larger denominations are the ones you'd want to stand the test of time rather than the £1 ones. Just out of curiosity how many of them coins you got floating around in your pocket on any given day? They weigh your pants down?
Jeremy Falcon
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Jersey has one, and there may still be a Scottish one, but England hasn't had one for a couple of decades, now. They're too expensive. Pound coins cost only a little more to make, but last a thousand times longer.
I wanna be a eunuchs developer! Pass me a bread knife!
Gotcha, good to know this stuff. Thanks.
Jeremy Falcon
