1 pound note
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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
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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.
:laugh: :laugh: :laugh: Does make me wonder what you guys do at a strip club. Do you just flat out chunk the coins at them?
Jeremy Falcon
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:laugh: :laugh: :laugh: Does make me wonder what you guys do at a strip club. Do you just flat out chunk the coins at them?
Jeremy Falcon
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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
I tend to have notes.
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It's all about the ccontactless payment, you just need to know where to press the card. Can be unfortunate if you get one that still needs swiping.
Some men are born mediocre, some men achieve mediocrity, and some men have mediocrity thrust upon them.
Just don't think about where the receipt is printed out.
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It's all about the ccontactless payment, you just need to know where to press the card. Can be unfortunate if you get one that still needs swiping.
Some men are born mediocre, some men achieve mediocrity, and some men have mediocrity thrust upon them.
What happens if you want to shower a dancer with a bunch of ones though? I mean, what happened to that time honored tradition?
Jeremy Falcon
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I tend to have notes.
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I guess I could see it. Just odd considering there's always been one notes from my neck of the woods.
Jeremy Falcon
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What happens if you want to shower a dancer with a bunch of ones though? I mean, what happened to that time honored tradition?
Jeremy Falcon
She's going to get concussion.
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She's going to get concussion.
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Good times. :-D
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.
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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.
I, too, have my last £1 note and various other pre-decimalisation coins (I managed to collect 52 different years of the penny as I lived near an amusement arcade during the change-over years (1967-1971)). I haven't any groats or guineas, but do have farthings, ha'p'nies, thre'p'ny bits (silver and polygonal), sixpences, shillings, florins, half crowns, crowns and 10s notes. (The crowns are the only things of any value).
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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
They still exist in Scotland, but the only people that use them are beggars as they can hide them in their socks.
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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.
Coins last much longer though. Fishing around for some reference numbers: A US 1 dollar bill costs 6 cents to make and lasts about 21 months[^]. That's about the same as the metal cost for the old pound coint[^]. The minting process will add to that total, but unless it adds a lot a coin that lasts for a few decades will still be cheaper overall than a stack of bills that die last mayflies.
Did you ever see history portrayed as an old man with a wise brow and pulseless heart, waging all things in the balance of reason? Is not rather the genius of history like an eternal, imploring maiden, full of fire, with a burning heart and flaming soul, humanly warm and humanly beautiful? --Zachris Topelius Training a telescope on one’s own belly button will only reveal lint. You like that? You go right on staring at it. I prefer looking at galaxies. -- Sarah Hoyt
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Out of curiosity... why were they taken out?
Jeremy Falcon
The only reason the same didn't happen in the US was that the Susan B Anthony dollar coin was a flop (too easy to mistake for a quarter); and then vending machine makers figured out how to make a cheap scanner that could tell real bills from mass market grade counterfeits before the hangover from the former debacle made another serious attempt politically viable. Once they had a bill slot available they stopped agitating for a dollar coin; and since they were the main advocate in the US at the time...
Did you ever see history portrayed as an old man with a wise brow and pulseless heart, waging all things in the balance of reason? Is not rather the genius of history like an eternal, imploring maiden, full of fire, with a burning heart and flaming soul, humanly warm and humanly beautiful? --Zachris Topelius Training a telescope on one’s own belly button will only reveal lint. You like that? You go right on staring at it. I prefer looking at galaxies. -- Sarah Hoyt
