Like, what’s the point of its existence when that denomination is difficult to come by since ATMs don’t disperse them. I mean, will they still refuse a £50 note when paying for a £45 purchase? They go full counterfeit detection mode just because an individual has it despite that being the real one (not fake). Also, why does the Bank of England keep printing more of that when they know people barely use it anyway?

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[–] 6 points 7 months ago (13 children)

When I was at Uni and working part time my boss told me it was because the £50 note was easier to forge so they would want us to check it and ideally not accept it. The explanation of which I accepted without question at the time. LOL I didn't give a shit.

But thinking about it more why would a large denomination be any easy or harder to forge than a lower one?

So I don't know actually.

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  • [–] 13 points 7 months ago (1 child)

    FWIW, it's not about the note being harder for forge, but people are less familiar with handling them because they are so rarely used, therefore people are less likely to pick up on the clues that it's a fake. A point that's largely moot now considering how few people use cash for anything any more.

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  • [–] 7 points 7 months ago

    Good explanation and just to add, it's probably only slightly more expensive to produce a fake £50 than a fake fiver (materials, effort, etc) but it's worth 10 times as much. It's also the same risk of getting caught but 10 times the result each time

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  • [–] -2 points 7 months ago (10 children)

    Why not do what other countries do and just make the denominations physically larger as the value increases? Now it’s harder to wash and reprint forgeries. Also if you use different color paper for each denomination you have another way to prevent forgeries of the washing and reprinting kind.

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  • [–] 1 point 7 months ago (2 children)

    British money already is different sizes and printed in different colours.

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  • [–] 1 point 7 months ago (6 children)
  • [–] -4 points 7 months ago* (5 children)

    Yes, downvote for asking why not fix your broken currency. That’ll encourage discussions.

    You asked:

    But thinking about it more why would a large denomination be any easy or harder to forge than a lower one?

    I explained why your large bills are easier to forge.

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  • [+] 4 points 7 months ago* (4 children)
  • [–] -1 points 7 months ago (2 children)

    Maybe say that instead of downvoting.

    Same for you. Votes are public.

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