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Author Topic: Does anyone use 50 pound notes  (Read 3850 times)

Offline Bogof60

As the title says
I can't remember the last time I had one in my possession let alone paid for sex with one.
The cash points that I use don't dispense them but I had to withdraw some cash from the bank a while back and Was offered 50' s
They would be much more convenient in everyday life as well but they are pretty rare
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Offline magnetico

I love £50 notes, and I try to keep them on the side when I need to pay for these kind of services.
Usually only tradesman are using them, or if you're withdrawing cash via a bank clerk.

Offline Gordon Bennett

It's hard to think of a legitimate reason for them in this day and age. Last time I had any was when I privately sold my car for cash several years ago. Had a nightmare paying proceeds into my bank afterwards too.... not sure what the limit is but once you try and deposit more than a few grand of cash, all sorts of money laundering preventative measures kick in.
I reckon dealing in 50s just makes you look like part of the black economy so it wouldn't surprise me if escorts (or anyone) were reluctant to take them.

James999

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The £Fifty is the go to note, you can carry a reasonable amount of cash without buldging wallet / pockets, easy to count out and nowadays people accept it as readily as they did £Twentys before.  :hi:

Online Punterperson1971

I had one the other day and I’d booked to see a wg and said “would you accept a £50 note” she did as she said she banks it any way plus she’s a regular also.

Online finn5555

but once you try and deposit more than a few grand of cash, all sorts of money laundering preventative measures kick in.

What a load of bollocks  :thumbsdown:

Offline jeanphillipe

I remember an incident at subways where they wouldn't take it. They can be a pain in the butt in some shops.

Offline jeanphillipe

What a load of bollocks  :thumbsdown:

Its true, around 3 k or more you need to give the reason ie proceeds from car sale

Offline twaff

Long while since I have done it but attended a food show and only dealt in cash so came back with a about £5k and when banking it with my regular bank I got asked quite a few questions as to how I had 'earnt' and was to cover themselves on money laundering. My normal business was very little cash so an unusual payment and they legally had to make the checks so agree with GB on this

Online finn5555

Its true, around 3 k or more you need to give the reason ie proceeds from car sale

I regularly bank in excess of £3K cash and have never been asked by Barclays where i obtained it from  :unknown:

Offline MilleMiglia

What a load of bollocks  :thumbsdown:

True - I had some trouble buying a painting back in 2005, and the gallery owner told me that it was due to money laundering regs.

Offline Discord

I've only ever had one £50 note in my life which is a shame as I would like to have handled more seeing that they are so rare.  Incidentally enough though the one I did have I used as part of my fee for a domination booking with a girl from adultwork.  She accepted it without issue/comment. 

Offline MilleMiglia

A few years back, my companion in Vienna tried to spend a €500 note that she got from a bureau de change. Unsurprisingly, nobody would touch it.

Simplysimon

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Newt year when the new £20 note is released the £50 note is being phased out and withdrawn , believe they will no longer be legal tender after 2022

James999

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A few years back, my companion in Vienna tried to spend a €500 note that she got from a bureau de change. Unsurprisingly, nobody would touch it.

Things have changed over the years, nowadays 100 / 200 Euro notes are accepted without issue (subject to change of course) the 500euro note is pretty rare but if it's a large purchase then it's normal to use them.

Offline magnetico

I reckon dealing in 50s just makes you look like part of the black economy so it wouldn't surprise me if escorts (or anyone) were reluctant to take them.
Escorts take them.

Offline magnetico

Newt year when the new £20 note is released the £50 note is being phased out and withdrawn , believe they will no longer be legal tender after 2022
This is just speculation for now.
« Last Edit: May 03, 2018, 06:08:27 pm by magnetico »

Offline DastardlyDick

Things have changed over the years, nowadays 100 / 200 Euro notes are accepted without issue (subject to change of course) the 500euro note is pretty rare but if it's a large purchase then it's normal to use them.
I understand that €500 notes are not issued routinely as they are the money launderers/smugglers  note of choice as large sums can be concealed very easily.
The smuggling of cash is so common that the various Border Protection agency's (and police) have dogs trained to sniff it out.

Offline smiths

As the title says
I can't remember the last time I had one in my possession let alone paid for sex with one.
The cash points that I use don't dispense them but I had to withdraw some cash from the bank a while back and Was offered 50' s
They would be much more convenient in everyday life as well but they are pretty rare

I don't like £50 notes on the simple to me logic that if I lost a note I would be £30 lesser or wallet than if I lost a £20 note. I prefer £10s and £20s in and outside punting.

Davido0007

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£50 notes are silly. It allows robbers to escape with more money easier.  :thumbsdown:

Offline twaff

True - I had some trouble buying a painting back in 2005, and the gallery owner told me that it was due to money laundering regs.

Possibly due to your regular business depositing cash sums? My example was a one off and unusual so perhaps explains the questions they felt they had to ask me.

Offline EnglishRebecca121

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on the "other forum" fake £50s are the most common so i know some wgs wont take them
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Offline Brazilian Martian

I regularly bank in excess of £3K cash and have never been asked by Barclays where i obtained it from  :unknown:

Exactly I dont know where these guys get their info from  :unknown:

Offline Bogof60

good debate this  :drinks:
I suppose in my life I do not use cash regularly
Paying prozzies and going to the pub is about all I use cash for.
I only use going to the pub as a way of generating my punting stash
I have never handed over a 50 to a WG but I am glad to see that some people have
I suppose I am bordering on the cashless society debate in OT without the uber Vs black cabs slanting match
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Offline saura

No, using 50s make you look like a complete tool

I pay in cumcoin instead  :dance:

Offline threechilliman

Being from the north of England I have just one question. What's a £50 note? :unknown:

Offline beanfarmer05

I took some to Asia as I read on the forums here that you get a better rate at money changers abroad if you have crisp new 50 pound notes, and the amounts I changed you in Thailand I was quoted a better rate than what was advertised on the board.

But in UK I wouldn't have much need, don't think many atms even stock them

Offline Gynaemyte

Being from the north of England I have just one question. What's a £50 note? :unknown:

Being from up North, you must have heard of James Watt?
Or Matthew Boulton?
Almost the birth of the Industrial Revolution  :hi:
(o.k. the Midlands!).

Offline Malvolio

I get them from the bank occasionally - never had a problem spending them, punting or otherwise.

Not sure why cash machines don't dispense them as £50 buys you less and less these days.

Offline Marmalade

Advantages of £50 notes include being able to carry them abroad and change them easily without enormous bulging pockets.

Paying a prossie with a fifty reduces the time she takes counting.

Buying larger items in notes makes you more aware of how much you’re spending than when using a card.

Some places will give a discount for cash — counting out a few hundred in fivers can look a bit sad.

On the other hand they are ridiculously large individually and don’t fit in small wallets. The new five pound note is almost ridiculously small.

Offline Rocket Scientist

I took some to Asia as I read on the forums here that you get a better rate at money changers abroad if you have crisp new 50 pound notes, and the amounts I changed you in Thailand I was quoted a better rate than what was advertised on the board.

But in UK I wouldn't have much need, don't think many atms even stock them

When in West Africa, I get better exchange rate with the larger denomination notes
When in London, I use them for my punts, never been refused. Yes, nothing like the feel of new 50 pound notes

Offline bbwandy72

Yes, I use them, and yes a few cash points in London now dispense them. I've never had a problem with anywhere refusing to accept them.

Offline Romney

Yes, I use them, and yes a few cash points in London now dispense them. I've never had a problem with anywhere refusing to accept them.

I've also found a few cash points in London that dispense them, and when they do, I take them.  I've not had an issue paying wg's with them yet either.  I suppose though I should probably ask before I get there, as it would be awkward if I only brought 50's and she refused to take them, though I doubt that would happen.

Offline unclepokey

I try not to use £50 notes as both with bank tellers, and with prozzies themselves, there seems to be some hidden code that flashes up "proceeds of crime". We all know that being a prozzie is not a criminal activity. But poor little Tracy or Jason on the counter would not have a clue about the nuances of the matters with which we are involved.
I also think that flashing a £50 note might encourage the prozzie population to think "Aha - we're not charging enough".
Just my view.
Uncle Pokey

Offline Ali Katt

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I wipe my arse on them and put them in refugee collection tins.

Offline magnetico

I try not to use £50 notes as both with bank tellers, and with prozzies themselves, there seems to be some hidden code that flashes up "proceeds of crime".
Not at all, more or less all tradesmen/builders/plumbers are using them.
The bank know that.

Offline mrdiamond77

Can't remember the last time I saw a £50 note. I remember having a punt after returning from a break in Scotland more than 10 years ago and the girls boss at the parlour would not accept a Scottish £20 note. Good job I took enough cash.

Offline Jimmyredcab

Newt year when the new £20 note is released the £50 note is being phased out and withdrawn , believe they will no longer be legal tender after 2022

No decision has been reached on scrapping the £50 note —— unless you can provide a link to show otherwise.

Phillip Hammond did suggest scrapping them —— but he also wanted small value coins scrapped, he did a U-Turn on that one.

When I visit Thailand I take 20 x £50 notes, no bulging pockets.

Offline Jimmyredcab

I've also found a few cash points in London that dispense them, and when they do, I take them. 

That is interesting, on the rare occasions that I have used an ATM I have not seen an option to choose what notes you get.   :unknown:

Offline hillingdonpete

A couple of years ago I had load of £100 notes, they are used in Scotland, never had anyone ask any questions about them.

Offline Heph

£50's much preferred if available - far less pfaffing about. Nearly a decade back, just after Lehman and relatively flush, I was worried by the possibility of a currency collapse, so I bought a bunch of high-value foreign notes just in case of a zombie apocalypse (because zombies like big notes, as any fule kno). Mostly they've just sat there, slowly wasting away; but recently I decided to enjoy them with a renaissance of punting, after a longish break - hence the recent spate of reviews.

The prize has to go to the Swiss and their very beautiful (in every sense) notes. They have one for 1000 CHF (something like £750 these days). Unfortunately, they're not yet the go-to currency for Barnet prossies.

Offline paper7

£50 notes? - I've only ever seen two. Weren't the Bank of England talking about getting rid of them?

Offline Heph

£50 notes? - I've only ever seen two. Weren't the Bank of England talking about getting rid of them?

Andy Haldene, the Deputy Govenor, floated the idea on the basis that they are the note of choice for crims.

A. they aren't, they're too obvious (but property, private taxi firms, massage parlours, gold, crypto-currencies and central banks are)
B. they / or he, backed down pretty sharpish
C. the eroding effect of inflation will likely make them much like the £20 note within 10 years

Offline xxlmuscles

We never see them this far north😁😁😁

Offline advent2016

My boss always has a wad of about about 20 in his jacket. He flashes them and rewards people with them, usually young girls he wants to shag. I better be careful, he's probably on here ;) I take them straight to a bank to check them

Offline bearcat69

Haven't seen one in about fifteen years.

I remember withdrawing a load of them from a cashpoint when I got paid for the first time on my first job. I thought they were cool, but I remember pretty much every shop keeper would look at them suspiciously as if they'd never seen one before.

Can't see how I'd end up with one now, I often withdraw quantities of money like £500 from cashpoints, and they always dispense that in 20 and 10 pound notes, and I very rarely go into the bank in person, as most branches are too far away to be convenient, or annoying to go to and speak to the staff in there, so I just do all my banking online.

Offline Jimmyredcab

Andy Haldene, the Deputy Govenor, floated the idea on the basis that they are the note of choice for crims.

A. they aren't, they're too obvious (but property, private taxi firms, massage parlours, gold, crypto-currencies and central banks are)
B. they / or he, backed down pretty sharpish
C. the eroding effect of inflation will likely make them much like the £20 note within 10 years

Your last point is spot on, £50 is not a lot of money nowadays, a meal for two in a very cheap restaurant.  :hi:

Type_O_Negative

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Your last point is spot on, £50 is not a lot of money nowadays, a meal for two in a very cheap restaurant.  :hi:

Well but with this way of thinking you could say £1000 is not a lot of money nowdays. A Hugo Boss leather jacket plus 2 hour session with Michelle and a grand is gone.

Offline Heph

Well but with this way of thinking you could say £1000 is not a lot of money nowdays. A Hugo Boss leather jacket plus 2 hour session with Michelle and a grand is gone.

And it's really not so much, in some ways. As Jimmy said, with £50 you'd not be going anywhere flash, nor would you come out with any change for a meal for two - certainly in the South East and most of the bigger cities. There will of course be some exceptions.

On the other hand, that we can buy a good quality flat screen tv or a laptop for <£600; fly to southern Europe for <£50, or get a half decent kitchen pan for <£10 is astonishing.

And, imprtantly, the price of our hobby - overall, that doesn't seem to have really gone anywhere in 20 years. I was paying something like £90 - £110 for an hour at Les Girls in Blore Court back then. Without the combined effect of London's rennaissance + mass immigration + the internet, you might have anticipated that the equivalent would now cost around £175 -£200.

Offline magnetico

Without the combined effect of London's rennaissance + mass immigration + the internet, you might have anticipated that the equivalent would now cost around £175 -£200.

True! We can thank the Romanians / Hungarians for that.