bizzard Posted September 24, 2022 Report Share Posted September 24, 2022 This is not about constipation. I expect most of you already know that £20 and £50 notes are being taken out of circulation on the 30th of this month, bank or spend your hoards quick or better still send em by registered post to me. 1 Link to comment Share on other sites More sharing options...
Tim Lewis Posted September 24, 2022 Report Share Posted September 24, 2022 16 minutes ago, bizzard said: This is not about constipation. I expect most of you already know that £20 and £50 notes are being taken out of circulation on the 30th of this month, bank or spend your hoards quick or better still send em by registered post to me. only the paper ones Link to comment Share on other sites More sharing options...
magpie patrick Posted September 24, 2022 Report Share Posted September 24, 2022 2 hours ago, Tim Lewis said: only the paper ones Thank you for the clarification! Bizz had me worried for a moment... Not that I'm wealthy enough to have any twenties or fifties of course 😱 Link to comment Share on other sites More sharing options...
system 4-50 Posted September 24, 2022 Report Share Posted September 24, 2022 It will be more like the end of the year that the non-paper ones become worthless... Link to comment Share on other sites More sharing options...
MtB Posted September 24, 2022 Report Share Posted September 24, 2022 30 minutes ago, system 4-50 said: It will be more like the end of the year that the non-paper ones become worthless... I'm reasonably sure you will still be able to swap a paper banknote for a plastic one at your bank or in a Post Office for a few years yet. In fact I'm not sure this facility ever expires. Them huge old white fivers that were worth about £100 in today's money can probably still be exchanged for a five quid note, should you wish. Although looking on ebay some of 'em seem to be worth up to £700! Link to comment Share on other sites More sharing options...
Chris Lowe Posted September 24, 2022 Report Share Posted September 24, 2022 What do I do with my platinum jubilee coin, it is literally 5oz of silver. Link to comment Share on other sites More sharing options...
MtB Posted September 24, 2022 Report Share Posted September 24, 2022 1 minute ago, buccaneer66 said: What do I do with my platinum jubilee coin, it is literally 5oz of silver. Send it to me. I'll send you a real plastic fiver by return. More seriously, I'v an idea sterling silver is worth about £10 an ounce as scrap metal. Or rather, I decided each of my silver teaspoons is worth a tenner in metal. Link to comment Share on other sites More sharing options...
ditchcrawler Posted September 24, 2022 Report Share Posted September 24, 2022 3 minutes ago, buccaneer66 said: What do I do with my platinum jubilee coin, it is literally 5oz of silver. 1 minute ago, MtB said: Send it to me. I'll send you a real plastic fiver by return. More seriously, I'v an idea sterling silver is worth about £10 an ounce as scrap metal. Or rather, I decided each of my silver teaspoons is worth a tenner in metal. Silver Prices Per Ounce $18.92 Link to comment Share on other sites More sharing options...
tree monkey Posted September 24, 2022 Report Share Posted September 24, 2022 14 minutes ago, MtB said: I'm reasonably sure you will still be able to swap a paper banknote for a plastic one at your bank or in a Post Office for a few years yet. In fact I'm not sure this facility ever expires. Them huge old white fivers that were worth about £100 in today's money can probably still be exchanged for a five quid note, should you wish. Although looking on ebay some of 'em seem to be worth up to £700! Funnily enough I was in a bank queue recently and I overheard a discussion between a customer and a member of staff, something along the lines of, paraphrased... "Its a bit embarrassing but I've got a amount of old bank notes I need to exchange" " OK" says the member of bank staff "how much" "30,000" says the customer Very quickly the customer was removed into a private room, I swear this is true Link to comment Share on other sites More sharing options...
MtB Posted September 24, 2022 Report Share Posted September 24, 2022 2 minutes ago, ditchcrawler said: Silver Prices Per Ounce $18.92 Blimey! At todays exchange rate of $1.08, I've nearly doubled my money! 3 minutes ago, tree monkey said: Funnily enough I was in a bank queue recently and I overheard a discussion between a customer and a member of staff, something along the lines of, paraphrased... "Its a bit embarrassing but I've got a amount of old bank notes I need to exchange" " OK" says the member of bank staff "how much" "30,000" says the customer Very quickly the customer was removed into a private room, I swear this is true It wasn't me. Honest. Link to comment Share on other sites More sharing options...
Chris Lowe Posted September 24, 2022 Report Share Posted September 24, 2022 7oz solid silver platinum jubilee coin. Blasted phone has done it upside down. I have other silver coins Link to comment Share on other sites More sharing options...
MtB Posted September 24, 2022 Report Share Posted September 24, 2022 1 minute ago, buccaneer66 said: 7oz solid silver platinum jubilee coin. Blasted phone has done it upside down. I have other silver coins Gorgeous. Fantastic standard of manufacture and design. I'll raise my offer to £5..01 for it.... Link to comment Share on other sites More sharing options...
Chris Lowe Posted September 24, 2022 Report Share Posted September 24, 2022 1 minute ago, MtB said: Gorgeous. Fantastic standard of manufacture and design. I'll raise my offer to £5..01 for it.... I have a few more than that one Mike, the monster 50p piece is quite something, but the one I like the most is struck from material recovered from a crashed hurricane in central London, the pilot saved Buckingham Palace and the King by ramming a German bomber because he was out of ammo. Link to comment Share on other sites More sharing options...
MtB Posted September 24, 2022 Report Share Posted September 24, 2022 20 minutes ago, buccaneer66 said: I have a few more than that one Mike, the monster 50p piece is quite something, but the one I like the most is struck from material recovered from a crashed hurricane in central London, the pilot saved Buckingham Palace and the King by ramming a German bomber because he was out of ammo. This sort of thing puts into perspective all the moaning about stuff like the government's income tax regime... Link to comment Share on other sites More sharing options...
zenataomm Posted September 24, 2022 Report Share Posted September 24, 2022 2 hours ago, tree monkey said: "Its a bit embarrassing but I've got a amount of old bank notes I need to exchange" " OK" says the member of bank staff "how much" "30,000" says the customer Very quickly the customer was removed into a private room, I swear this is true Quote from gov.uk ... All large cash deposits (above £6,500) can raise red flags. Even if you don’t make a single deposit of £6,500 but several smaller deposits into the account over a short period, the bank may see this as a part of the same transaction and regard it as suspicious activity. In such cases, the bank can submit a Suspicious Activity Report (SAR) to Her Majesty’s Revenue and Customs (HMRC) department, accompanied by a currency transaction report (CTR). They pretend it's all to do with fighting money laundering, yeah right! Link to comment Share on other sites More sharing options...
Chris Lowe Posted September 24, 2022 Report Share Posted September 24, 2022 1 hour ago, MtB said: This sort of thing puts into perspective all the moaning about stuff like the government's income tax regime... I'll dig it out and take some pictures tomorrow, I've also got one made from parts of a Vulcan bomber Link to comment Share on other sites More sharing options...
MtB Posted September 24, 2022 Report Share Posted September 24, 2022 Just now, buccaneer66 said: I'll dig it out and take some pictures tomorrow, I've also got one made from parts of a Vulcan bomber FANTASTIC cheese, that.... Link to comment Share on other sites More sharing options...
matty40s Posted September 24, 2022 Report Share Posted September 24, 2022 3 hours ago, MtB said: This sort of thing puts into perspective all the moaning about stuff like the government's income tax regime... Absolutely, can we divert the bomber to the Commons instead.. Link to comment Share on other sites More sharing options...
system 4-50 Posted September 25, 2022 Report Share Posted September 25, 2022 (edited) I sold the family silver, years ago… I think it was on the recommendation of somebody called Brown? Just a thought, how would a narrowboat made from silver not steel fare as regards durability, corrosion, etc? Edited September 25, 2022 by system 4-50 Link to comment Share on other sites More sharing options...
MtB Posted September 25, 2022 Report Share Posted September 25, 2022 2 minutes ago, system 4-50 said: I sold the family silver, years ago… I think it was on the recommendation of somebody called Brown? Just a thought, how would a narrowboat made from silver not steel fare as regards durability, corrosion, etc? Two immediate probs spring to mind: 1) Silver is FAR softer and more ductile than steel so rigidity of a silver shell would be quite a problem. 2) There would be a tendency for people to hacksaw lumps off it to weigh in for scrap, given the metal is worth $18 an ounce. Link to comment Share on other sites More sharing options...
bizzard Posted September 25, 2022 Author Report Share Posted September 25, 2022 12 hours ago, zenataomm said: Quote from gov.uk ... All large cash deposits (above £6,500) can raise red flags. Even if you don’t make a single deposit of £6,500 but several smaller deposits into the account over a short period, the bank may see this as a part of the same transaction and regard it as suspicious activity. In such cases, the bank can submit a Suspicious Activity Report (SAR) to Her Majesty’s Revenue and Customs (HMRC) department, accompanied by a currency transaction report (CTR). They pretend it's all to do with fighting money laundering, yeah right! Indeed. Around 1982 cash deposits raised a red flag at £2000 according to Hastings Lil an old girl friend of mine who worked at NatWest Eastbourne. She also gave me a comemorative coin of Prince Charles and Diana's wedding, still in it's plastic case, mint, unopened. 2 hours ago, system 4-50 said: I sold the family silver, years ago… I think it was on the recommendation of somebody called Brown? Just a thought, how would a narrowboat made from silver not steel fare as regards durability, corrosion, etc? Brown jawed a lot, he has a loose jaw. Link to comment Share on other sites More sharing options...
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