Americans First Time Seeing British Pounds

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MidWest Americans

MidWest Americans

2 жыл бұрын

In this video, my wife and I as some random American couple check out British Pounds for the first time! We also compare it to the USD, watch the video to see which one we like better, and tell us in the comments which you think is better.
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#Currency #Pounds #UKversusUS

Пікірлер: 3 500
@michw3755
@michw3755 2 жыл бұрын
The coin you held up against the two dollar bill was actually a 2p coin, your equivalent of 2 cents, a £2 coin is quite large and bi-coloured both gold and silver and, if someone says that's £1.99 and you give then a 2p coin they'll think you're having a laugh 😂👍
@arthurvasey
@arthurvasey 2 жыл бұрын
Except that £1 $1 - but, putting exchange rates to one side, it’s the approximate equivalent! Just as well we are now using decimal currency - under the pre-decimal system, every twelve pence was a shilling - the lowercase letter d stood for pence (lira, soldi and denarii) - the new p took some getting used to, though base 10 works better than base 12 - 240d was £1 - now it’s 100p - you also had half a crown - two of which made up a dollar - don’t ask precisely what I mean - there used to be a ten shilling note - a shilling was called a bob - nowadays, the lowest value note is a fiver! Old silver sixpences (tanners) were legal tender almost into the 80s - but they weren’t 6p - 6d was not 6d - they were two-and-a-half pence in one coin - two sixpences = 5p! 6 + 6 = 5? JMW Turner was a painter - I think he painted landscapes! As to the coins - pre-decimal ones looked like pirate treasure or doubloons or something like that- even the early decimal coins were about double the size they are now - oddly enough, size-wise, the 2p coin was bigger than the 5p one - over the years, the coins have been re-minted, so they are smaller - an absolute nightmare for the manufacturers of slot machines, video game machines in amusement arcades, pinball machines, pool tables, snooker tables (for the overhead lights), jukeboxes, vending machines - all of which had to be tinkered with to take the new coins - either that or have some old ones handy behind the bar - some manufacturers of vending machines invented special tokens that you bought from somewhere in the venue and you put the tokens in the machine and pressed the button that corresponded with the snack or drink of choice!
@MoanaOnCrack
@MoanaOnCrack 2 жыл бұрын
@@bigfrankfraser1391 No they said that the equivalent of 2p is 2¢
@Ingens_Scherz
@Ingens_Scherz 2 жыл бұрын
I loved that!
@pjtufty66
@pjtufty66 2 жыл бұрын
Dont listen to these lies Ill exchange your 2 dollar coins for your dollar bills 😂
@robertscheinost179
@robertscheinost179 2 жыл бұрын
@@arthurvasey It was much easier to make change with the 12-240d because of the many combinations of coins that could be used. It really doesn't matter though considering that metal money is pretty much worthless compared to paper, or in this case plastic. The US bill currency is actually cloth, a linen and cotton blend.
@89Joe08
@89Joe08 2 жыл бұрын
The different sizes help blind people. The coins also have different tactile feels to them and have a memorable pattern (1p is small and smooth, 2p is large and smooth, 5p is small with ridges, 10p is large with ridges, 20p is small and non-circular, 50p is large and non-circular, £1 is small and thick, £2 is large and thick). American money being the same size and colour and tactile feel must be really awful for the visually impaired. It's one of the things I like about UK/EU money.
2 жыл бұрын
The different sizes help everyone. As do the sizes/styles of coins. How I know? Because those differences (not the actual styles, they changed) in size are old, decades old, from before the time we mandated (and it's good we did, don't get me wrong) everything be accessible.
@_M_O_E_
@_M_O_E_ 2 жыл бұрын
@ you ever see the movie my cousin vinny? the bit where he says "how do i know you dont just have a roll of 1's wrapped in a 100?". probably a pretty common scam in the US, couldnt do that with english money
@tonys1636
@tonys1636 2 жыл бұрын
@ They've also got smaller each time redesigned, I can just remember the old white fiver, although out of circulation by then, it was about A5 in size maybe slightly larger. When the blue fiver came in along with a ten pound note they were the largest denomination notes in circulation at the time. We then had four bank notes, 10 shilling (50p), one pound, five and ten pound. Scotland, N.I., Jersey, Guernsey and the I.O.M. held onto their pound note well after the pound coin came in.
@haydenkicksass6995
@haydenkicksass6995 2 жыл бұрын
I'm from the UK but now live in mainland Europe.. you can definitely see why coins are so different, I hate euros when its comes to coins, all round and basically the same colour.. but its 2022 so I use cards anyway
@alpinenewtplaysgames4509
@alpinenewtplaysgames4509 2 жыл бұрын
I'm not blind, but I took for granted being able to count my change, in my pocket, without taking it out. Then I went to Canada and found it hard to tell the coins apart by sight!
@longschlongsilver7628
@longschlongsilver7628 2 жыл бұрын
So in Britain, we have from smallest to biggest, 1p, 2p, 5p, 10p, 20p, 50p, and then we have the £1 coin and the £2 coin (not to be confused with the 1p coin and 2p coin lol). The £1 coin was recently changed to be 12 sided, rather than a perfect circle, to make it harder to counterfeit. And yes, the 50p coin is very common over here, while the £50 note, you'll rarely see.
@Hex...
@Hex... 2 жыл бұрын
Mixing up pennys and pounds is so funny. Imagine you’re a cashier and you’re handed 2p (£0.02) for something that costs £2.
@xmlstudios
@xmlstudios 2 жыл бұрын
Yeah it even says 2 pence on the coin, if only they looked
@misterflibble9799
@misterflibble9799 2 жыл бұрын
"pence" is plural of "penny". Your equivalent would be "cents" or "cent". The (approximate) equivalent of the $1 bill would be the £1 coin. We used to have £1 notes, but they were replaced by the first (circular) £1 coin in the 1980s, and that was then replaced by the new (12-sided) £1 coin a few years ago. Have to disagree with Angela - the fact that all the bills are the same size (and colour) is something that I particularly dislike about American money. I keep notes (bills) in my wallet in denomination order, with the highest-value ones at the back, so with the higher-denomination ones being taller, it's easy to see where the transitions are. No, there are not chips in the money. There are metallic sections as an anti-counterfeiting device. "I promise to pay the bearer on demand..." is the basis of fiat currency. Basically, the note itself is fundamentally worthless, it's just an IOU. The Bank of England technically promises to pay the note's face value to whoever presents it at the bank. JMW Turner was a famous English painter, known particularly for atmospheric landscapes. His name was given to the annual "Turner Prize" for art. Yes, 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2 coins are in common circulation, although £2 coins are less common. The £5 coin exists, but is not in common circulation. Another thing to note is that the 2p coin (which you missed) is sized such that it is twice the weight of a 1p coin, and similarly for 5p and 10p coins. Therefore, you can weigh a mixture of 1p and 2p coins (or 5p and 10p coins) to ascertain their value without having to sort them.
@douglasbrown5692
@douglasbrown5692 2 жыл бұрын
We also used to have ten shilling (50p) notes. Little scruffy brown jobs.
@markj66
@markj66 2 жыл бұрын
I think they had a 2p coin but thought it was £2.
@sarahelliott3095
@sarahelliott3095 2 жыл бұрын
@@markj66 They did as they said in the video " I think the 2p is what would be £2 which would b e equivalent to our 2 dollar bill"
@misterflibble9799
@misterflibble9799 2 жыл бұрын
@@sarahelliott3095 Ah, I missed that, as I must have been writing other parts of the comment at a time :)
@TyRex93
@TyRex93 2 жыл бұрын
also the thing with the size helps visually impaired people alot, yes there is braill but also size matters ;)
@mandieg2321
@mandieg2321 2 жыл бұрын
Hi guys, great video as per usual. The 2 pence bronze coin is equivalent to 2 pennies not 2 dollars. We also have a one pound coin and a two pound coin, that you don’t appear to have, but will see lots of. We tend to use the smaller denominations ( I can’t remember the last time I saw a fifty pound note), so don’t be shocked if that’s the only fifty you see.
@ivylasangrienta6093
@ivylasangrienta6093 2 жыл бұрын
Yes, don't confuse pence with pound.
@Piddemannen
@Piddemannen 2 жыл бұрын
@@ivylasangrienta6093 That would garner some funny responses
@adamp7266
@adamp7266 2 жыл бұрын
Imagine them going into a shop with 1p trying to buy something for a quid
@jillosler9353
@jillosler9353 2 жыл бұрын
Lots of shops won't accept £50 notes; they are popular with counterfeiters and the notes are considered 'drugs related'!
@Davegeen42
@Davegeen42 2 жыл бұрын
Don't forget the £5 coin
@missyprime8198
@missyprime8198 2 жыл бұрын
You were correct about the reason for money sizes being different. Visually impaired people can tell by touch what note or coin they're handling. Over the years a few of our coins got redesigned because their size/shape was too close to other coins. I'm not visually impaired but can identify each note & coin with my eyes shut, it's a very good system
@evelynmacmillan2485
@evelynmacmillan2485 2 жыл бұрын
Canada also has polymer bank notes that are similar to UK notes but are of equal size. We differentiate for sight impairment with braille at the upper left corner.
@missyprime8198
@missyprime8198 2 жыл бұрын
@@evelynmacmillan2485 That got me curious so I checked some notes. For a second I thought I'd found some brail on our notes but the few bumps are exactly the same on different denominations. It appears that size is the only aid for visually impaired people here.
@cowardsallaround98
@cowardsallaround98 2 жыл бұрын
Why the strange smell from USA Bank notes
@craigslater6508
@craigslater6508 2 жыл бұрын
@@missyprime8198 If you look at the bumps on the various notes, You will find that the £5 note has no bumps, £10 note has 2 lots of 4 bumps and the £20 note has 3 lots of bumps. This is to help blind and partially sighted people. I am blind myself and because of these bumps I find money a lot easier to handle than it used to be.
@chrisparsons8616
@chrisparsons8616 2 жыл бұрын
The different sizes are also an anti counterfeiting measure. It means you can't "wash" the bills, which you can do with dollars.
@ccityplanner1217
@ccityplanner1217 2 жыл бұрын
Yes, the 50p is in common circulation. For some reason it is one of the coins I most commonly use personally.
@another_day4783
@another_day4783 2 жыл бұрын
When i was worked in retail we had lots of 50p some time i had to give people £3- £4 pounds in 50p.
@heidihorler6963
@heidihorler6963 2 жыл бұрын
I know I see 50p coins all the time very common
@BeeSmith
@BeeSmith 2 жыл бұрын
Useful to put in machines to put air in your tyres.
@Mat0305
@Mat0305 Жыл бұрын
Yeah all of the UK coins are widely in circulation. Although the £50 notes are quite rare to be handed one unless you're drawing a substantial amount of money from inside a bank as they're not dispensed from ATM . Many small shops won't accept £50 notes, not sure why, maybe loads of forgeries at one point ?.
@toddlerj102
@toddlerj102 Жыл бұрын
@@Mat0305 £50 notes are a huge loss if you accept a fake one.
@ajkgordon
@ajkgordon 2 жыл бұрын
Pence is simply the plural of penny and equivalent to your cents and penny. So two pence (2p) is just two pennies, not equivalent to two dollars. There are also one and two pound (£1 and £2) coins, which are equivalent to your one and two dollar bills. And bill (US) = note (UK). So we say a five pound note. Hope that helps.
@coot1925
@coot1925 2 жыл бұрын
When I used to visit the USA twice a year I was shocked at how easy it was to get the notes mixed up due to them all being the same size & colour. You really have to look at them carefully to make sure you don't give someone a $20 bill instead of a lower denomination. I have no idea how blind people cope with it. It is a shame that you didn't have all the coins because you would notice how different they were from each othet in size, shape and weight. Again, this is for the benefit of the blind. When you visit us here in the UK you will also realize that you don't have to add tax onto the price of items in the shops because it's already done. What you see on the price tag is what you pay. Great reaction, albeit a bit frantic.
@Simian-bz7zo
@Simian-bz7zo 2 жыл бұрын
The guy on the back of the £20 note, Joseph Mallard William Turner (Usually abbreviated to JMW Turner) was a 19th century painter, who is widely considered to be one of the greatest artists Britain has ever produced. The ship visible behind him on the note is the HMS Temeraire, which was the subject of a painting by Turner called The Fighting Temeraire - voted as Britain's favourite painting in a BBC poll a few years ago (it's also the painting that James Bond discusses with Q when they meet for the first time in Skyfall).
@radicaladz
@radicaladz 2 жыл бұрын
There's a movie about him too called Mr Turner, starring Timothy Spall. It is, even amongst Brits, a film where subtitles are a must.
@scmtuk3662
@scmtuk3662 2 жыл бұрын
And of course, the Turner Prize was named after him
@Moggy471
@Moggy471 2 жыл бұрын
My favourite painting
@alandillon968
@alandillon968 Жыл бұрын
Turner is considered by some to be the first English Impressionist style painter and its suggested he influenced the French Impressionists as they were aware of him and would have seen his work when they visited in London. Don't know how true it is. The reason why few Americans are aware of Turner or his Paintings is there are very few paintings in America of Turners and they are in museums. This is because on his death Turner bequeathed all his paintings to the country, so few were sold abroad before his death.
@stevetaylor8698
@stevetaylor8698 Жыл бұрын
If you want to be really technical and nerdy, the ship depicted wasn't HMS any more as she had been de-commisioned and sold for scrap. She is being towed to her to her destruction - in reality she would not have had masts in place by this time.
@offline-404
@offline-404 2 жыл бұрын
Cool fact: combining one of each UK coin (1p,2p,5p,10p,20pand50p) creates a coat of arms.
@stijnvanhoecke4753
@stijnvanhoecke4753 2 жыл бұрын
Euro bills are also different sizes and colours and quite honestly, it's one of the best things about them. We don't usually hold our bills in our hands, they are in our wallets until we use them to pay... and if you open up a wallet, we can easily spot every bank note in there simply because they "stack" in size. If you place a €50, €20, €10 and €5 in order (large to small), you can see in an instant without flicking through the bills that you have €85. If you do the same with $85 you have to look at each individual bill to know how much you have in total simply because you can't tell from a distance. Open up an EU/UK wallet and you immediatly see which bills you have in there. If you really want to hold money in your hands, fold the stack in half (like we usually do without even thinking about it), or use your thumb to pinch the stack of bills from the front and back instead of sideways :)
2 жыл бұрын
Size and color… as many indicators as possible, that's a rule of UIs (and this is a user interface).
@marshalldonaghy4542
@marshalldonaghy4542 2 жыл бұрын
The reason they're different sizes, is really to aid the blind.
@rastarn
@rastarn 2 жыл бұрын
@@marshalldonaghy4542 Yep. It is the entire point behind having different sized bills.
@anna-ranja4573
@anna-ranja4573 2 жыл бұрын
And they are a good design for blind people in size and because of the braille types
@martinlewis1015
@martinlewis1015 2 жыл бұрын
When you do visit England don't take London as all of England ( they are not all locals) I would checkout other parts of UK
@nixpuk75
@nixpuk75 2 жыл бұрын
So sweet thinking that 2p is the equivalent of £2 🥰
@weekendwarriorprospecting817
@weekendwarriorprospecting817 2 жыл бұрын
I wish. I've got a bucket full of the stuff 👍🏻🏴󠁧󠁢󠁥󠁮󠁧󠁿
@helenatyeo6840
@helenatyeo6840 2 жыл бұрын
2p is two pennies .
@jaxcoss5790
@jaxcoss5790 Жыл бұрын
It's actually hilarious tbh.
@BigC1290
@BigC1290 Жыл бұрын
😂 😂
@jaxcoss5790
@jaxcoss5790 Жыл бұрын
@@weekendwarriorprospecting817 🤣🤣🤣
@G1NZOU
@G1NZOU Жыл бұрын
Originally our paper notes also had the size scale for sight impaired, but the new notes also having the braille like dotes, such a thoughtful feature to add. End of next month the last paper £20 and £50 notes go out of circulation so we'll be completely polymer.
@joannagodfrey5111
@joannagodfrey5111 2 жыл бұрын
Being British I found American notes hard work, if I didn't put them in order of value I couldn't figure what was which. Our plastic notes are far easier to count at the end of a work day, and last longer,
@Tom-s.
@Tom-s. 2 жыл бұрын
In the UK we are more of a digital cash system, using debit cards (checking account equivalent), and credit cards. We also use contactless payment from mobile phones or smart watches, available on Android or Apple devices. I personally very rarely have physical cash.
@Mrsmiley291
@Mrsmiley291 2 жыл бұрын
This. I haven't used cash for a couple of years now. Rarely a problem. In the odd case where I need some most places will do cashback
@riccol1972
@riccol1972 2 жыл бұрын
Work sandwich van and window cleaner all cash less now.....
@reactions5783
@reactions5783 2 жыл бұрын
This is correct, the UK is 'mostly' digital cash / debit card system. However, that is mainly in our day-to-day lives, where we frequent known shops and locations that we already know accept such payment. However, I think that even as a Brit, if I were planning on a round the country holiday, I would also make sure to bring some cash as a backup too, or at least stop on the way to my destination to make a withdrawal from any of the numerous ATMs spread throughout the country. That's the one good thing, there's usually an ATM not far away, if you really need it.
@markthompson4567
@markthompson4567 2 жыл бұрын
i only use money always have always will
@peterbrown1012
@peterbrown1012 2 жыл бұрын
We can use contacless from 1p to £100, after so many contacless transactions you have to put your pin in.
@andrewmoss3681
@andrewmoss3681 2 жыл бұрын
Afternoon all. The big reason why British notes are all different sizes is to help blind individuals more easily differentiate between note. Same reason that certain parts of the notes are raised (lightly run your thumb over the part that reads "Bank of England". Quick tip for when you get over here. Remember the difference between the penny & the pound (cents & dollars). Coins tend to be pennys (cents), (£1 & £2 being the main 2 exceptions), Notes are pounds Edit: visually impaired, rather than blind. My apologies for my slip up there
@glastonbury4304
@glastonbury4304 2 жыл бұрын
blind people 😂....they have braille on them
@christiananderson8686
@christiananderson8686 2 жыл бұрын
The size difference is not for blind people, the Braille is. The raised letterings aren't for blind people either, they are anti-counterfeit measures. As stated by the Royal Mint, the main reason for continued size difference between denominations is for continuity and note detecting inside machines.
@Thurgosh_OG
@Thurgosh_OG 2 жыл бұрын
@@christiananderson8686 Before the introduction of the plastic notes with braille the size differences between the paper notes was how blind people could tell the different notes.
@christiananderson8686
@christiananderson8686 2 жыл бұрын
@@Thurgosh_OG I know, but it's not the reason they're different sizes any more. The Braille solved that problem. Like I said, the reason now with our new notes is for continuity and technology. We were talking about why the notes ARE different sizes, not why they WERE different sizes.
@andrewmoss3681
@andrewmoss3681 2 жыл бұрын
@@glastonbury4304 oops, thought I'd put that above. Please feel free to mock & ridicule the dunce (me) ☺️😁
@missharry5727
@missharry5727 2 жыл бұрын
You do need to be aware that the UK has become almost cashless since Covid - most people use debit cards or phone apps even for small sums. Cash is still accepted everywhere so don't worry! It might have been interesting to compare values too: as of just now, the US dollar is worth 77 pence.
@adamprater6216
@adamprater6216 2 жыл бұрын
It's .80 now lol
@frankabagnale6436
@frankabagnale6436 2 жыл бұрын
Almost cashless? Not really.
@missharry5727
@missharry5727 2 жыл бұрын
@@frankabagnale6436 I almost never use cash except for charity boxes and buying the odd item under about £2. Today used my card going on the bus to a hospital appointment - normally I'd walk but it was raining - for a £2 fare.
@WideCuriosity
@WideCuriosity Жыл бұрын
I almost always use cash save for Internet purchases. I consider it far easier to realise how you are spending as time goes on, and wonder if those wanting to avoid cash realise the mistakes they're making. In any case, cash use is going back up now the Covid insanity has mostly faded.
@whitehorses460
@whitehorses460 Жыл бұрын
MY cash was actually denied by Webbs of Wychbold in the UK
@Courtneyburns90
@Courtneyburns90 2 жыл бұрын
Something important that hasn't been mentioned is that Bank of England aren't the only Sterling notes. For example I'm in Northern Ireland and we use BoE notes but also Ulster Bank, Bank of Ireland, First Trust etc. Scotland have their notes too (im unsure about Wales) all are sterling notes but just issued by different banks.
@markhutton6824
@markhutton6824 2 жыл бұрын
Wales uses the same notes as England... all the notes in the UK are legal tender throughout... I loved watching the confusion on a face of an English cashier when handing over Northern Ireland and Scottish notes to pay for something! :D
@michaelleiper
@michaelleiper 2 жыл бұрын
@@markhutton6824 Bank of England notes are only legal tender in England and Wales (and the Channel Islands and Isle of Man). Scottish and Northern Irish notes are legal currency throughout the UK (as are Bank of England notes in Scotland and Northern Ireland), but they are not legal tender. Manx and Channel Island notes are legal tender where they're issued, along with Bank of England notes, but aren't legal currency in the UK. The reason - Only English law requires "legal tender" to be accepted on the repayment of a debt. Scots and, I assume, Northern Irish law, allows for any reasonable method of payment to be accepted, so doesn't require any notes to be legal tender.
@RolandHesz
@RolandHesz 2 жыл бұрын
@@markhutton6824 it's a pity they quite frequently refuse Scottish notes. When I moved to the UK first I had all my cash in Scottish pounds and couldn't use them anywhere, had to go to the bank to exchange it all to English notes. 😒
@redfog42
@redfog42 2 жыл бұрын
@@markhutton6824 yeah, the only problem I've had using Scottish notes in England was in Newcastle!
@stevenredpath9332
@stevenredpath9332 2 жыл бұрын
@@markhutton6824 the uk doesn’t have an actual legal tender currency. Shops can take anything in payment or refuse any currency.
@charlestaylor9424
@charlestaylor9424 2 жыл бұрын
The milling round the edge of coins is a hangover from coins made out of silver - it stops people shaving the coins.
@ihathtelekinesis
@ihathtelekinesis 2 жыл бұрын
Hence the £1 coins that say “decus et tutamen” on them: Latin for “an ornament and a safeguard”.
@patriciaburke6639
@patriciaburke6639 2 жыл бұрын
I am aware of the £50 note, but have never ever had one issued to me. If I was withdrawing a significant sum from the Bank I could ask for it to be in £50 notes, but generally speaking you don’t see them in general usage, at least where I live. The £20 note is the ‘go to’ high value Note in most people’s wallet.
@crose7412
@crose7412 2 жыл бұрын
Yep, I haven't seen a £50 note in decades and I think then it was only once.
@Zooumberg
@Zooumberg 2 жыл бұрын
Do you live further north, Patricia? We rarely see them in Newcastle.
@Blackbeard007
@Blackbeard007 2 жыл бұрын
I use £50 notes for some large second hand cash purchases. If you take over £1000 cash from the bank, they offer £50s.
@Hiforest
@Hiforest 2 жыл бұрын
Scotland have £100 notes too.
@demonic_myst4503
@demonic_myst4503 2 жыл бұрын
In genral ones u get that much you either use card or apple pay now days
@misterdude117
@misterdude117 2 жыл бұрын
Sorry if this has been answered already, but the 20 pence shapes is a Heptagon and the newer coins have a fragment of the coat of arms on it so if you have all of them and place them just right it will complete the coat of arms. I personally thought it was cool lol
@robertfoulkes1832
@robertfoulkes1832 2 жыл бұрын
It's also worth remembering that dollars and pounds aren't exactly equivalent in value. Currently, £1 is worth about $1.30. The Euro is closer in value to the US dollar. €1 is worth $1.08
@MoanaOnCrack
@MoanaOnCrack 2 жыл бұрын
It's not really 'worth remembering' if they're only in the UK for 2 weeks.
@robertfoulkes1832
@robertfoulkes1832 2 жыл бұрын
@@MoanaOnCrack whether it matters to THEM on THIS trip isn't the point. They're comparing and contrasting currencies, and giving anyone watching the impression that e.g. the Bank of England £10 note is the equivalent of the US $10 bill. UK pounds and US dollars AREN'T equivalent in value, which might very well be important for many of their VIEWERS to realise Also, an obvious experience they will have on their trip is to compare the apparent costs of various items & services on both sides of the pond, when those different values become very significant
@heidihorler6963
@heidihorler6963 2 жыл бұрын
@@MoanaOnCrack well I think it is important as could get confusing
@MoanaOnCrack
@MoanaOnCrack 2 жыл бұрын
@@heidihorler6963 Not really all the prices are shown in shops just give them the amount asked for there's no need to get technical and this Robert wanker is just having a hissy fit
@gcljohn
@gcljohn 2 жыл бұрын
The Bank of England was founded in 1694, the first central bank in the world, not the first to print money. They were the first to print government authorised money in payment of government debt. The size of the notes produced has consistently reduced over the centuries, as has the value! Have a great trip guys.
@zpitzer
@zpitzer 2 жыл бұрын
Nope, The Swedish Central Bank is the first and oldest (1668)
@SiGr10614
@SiGr10614 2 жыл бұрын
@@zpitzer wrong! it is largely documented the bank of England was the first EVER to print money. i am american and even know this.
@SiGr10614
@SiGr10614 2 жыл бұрын
@@zpitzer In 1695 the Bank of England was the first to initiate the permanent issue of banknotes. Initially, these banknotes were handwritten but by 1745, standardized printed notes ranging from £20 to £1,000 were being printed. In 1862 the United States issued their first one-dollar bill in order to make up for coin shortage and to finance the Civil War.
@zpitzer
@zpitzer 2 жыл бұрын
@@SiGr10614 I wasn't talking about bank notes.
@gcljohn
@gcljohn 2 жыл бұрын
@@zpitzer Thanks. I bow to your superior knowledge. I reckon though that my underlying point is still valid!
@angussoutter7824
@angussoutter7824 2 жыл бұрын
Your gonna be really confused when you discover Scotland has three different £100.00 notes 😂😂
@aidenleeds
@aidenleeds 2 жыл бұрын
And more so when it reads bank of Scotland on it 🤣🤣
@stevenredpath9332
@stevenredpath9332 2 жыл бұрын
Or even see a single Scottish £100 note. I’ve spotted more rocking horse droppings. 🤣🤣🤣
@skellious
@skellious 2 жыл бұрын
they need a £1 note too. we still have them in Scotland.
@skellious
@skellious 2 жыл бұрын
@@stevenredpath9332 I bought a car with them one time.
@stevenredpath9332
@stevenredpath9332 2 жыл бұрын
@@skellious I’ve got family up near the border so have seen Scottish notes but I didn’t even know that they had a £100 note until I read that comment. I hope it was a reliable motor. To quote madness “not quite a jaguar”?
@Talkathon408
@Talkathon408 Жыл бұрын
It's worth noting that they have different note designs in Scotland and also Northern Ireland I believe. There's also technically a £100 Scottish note that's legal tender but I've never seen it myself.
@exeterjedi6730
@exeterjedi6730 2 жыл бұрын
The 50p, 10p, 5p and 2p used to be bigger. When I was young there were still one and two shilling coins which were interchangeable with the 5p and 10p. We've introduced £1 and £2 coins because they last longer than paper money. The £1 had a major redesign recently over to the bimetal version.
@picklerick4944
@picklerick4944 2 жыл бұрын
The 2p hasn't changed since its introduction in 1971
@TheWizardOfEgo
@TheWizardOfEgo 2 жыл бұрын
When I was a kid the 10 bob coin would kill a man if you threw it at him
@TimMiller
@TimMiller Жыл бұрын
Indeed. We used to have to take a wheelbarrow to the shops if we were expecting to get any 50p coins in our change.
@exeterjedi6730
@exeterjedi6730 Жыл бұрын
@@TimMiller they should phase out the bronze 1 and 2 ps now.
@improvesheffield4824
@improvesheffield4824 2 жыл бұрын
The reason for the different sized notes is so that blind people know what they’re handling. Same with the strong colour difference between the notes. It’s so that visually impaired people can make a distinction between the different notes. Same with the coins regarding size. Word to the wise; many places are still reluctant to handle cash due to COVID. They prefer digital payments but will probably take cash if there’s no alternative.
2 жыл бұрын
Everyone is visually impaired if the light is bad… in a club for example. Or any other not-absolutely-blindingly-brightly-lighted venue. You all claim this blind people thing, but I don't expect anyone to actually provide proof.
@NoudlePipW
@NoudlePipW 2 жыл бұрын
I think American cards have a bit of an issue outside of America. We use tap or chip&pin but there's something weird about American cards... they're not as handy. My brother-in-law is from Buffalo and my dad moved to American yearrrrs ago and they explained it to me but I can't remember sorry ha
@NoudlePipW
@NoudlePipW 2 жыл бұрын
@ You can't see the proof. You're blind to the proof.
@mrmessy7334
@mrmessy7334 2 жыл бұрын
@ Proof of what? That having different size notes makes it easier for blind people to handle money? I would have thought that was blindingly obvious.
@Robr1701
@Robr1701 2 жыл бұрын
@ Proof ! , they have braille on them .
@Lily-Bravo
@Lily-Bravo 2 жыл бұрын
I love seeing how enthusiastic and excited you are about your coming trip. I really hope it lives up to or exceeds your expectations.
@ianbrown4411
@ianbrown4411 2 жыл бұрын
The thickness of the coins is quite important. They are designed so that a 2p is exactly twice the weight of a 1p and a 10p is twice the weight of a 5p. So they can be weighed together to allow them to be counted quicker in shops and banks
@DSN262
@DSN262 2 жыл бұрын
And what about the 20p
@ThatGuy_92
@ThatGuy_92 2 жыл бұрын
Alan Turing on the £50 note is fairly recent, I remember a few years ago we got to vote on it, of course as a gay man who is a computer scientist I voted for Alan Turing, and I'm so happy he won! For what he did for the country during WW2 and how he was treated was aweful! It's not much, but at least it's continuing his legacy!
@maverickslastoddworld6476
@maverickslastoddworld6476 2 жыл бұрын
I just watched the movie about him, I liked it 😁
@siobhantalbot9403
@siobhantalbot9403 2 жыл бұрын
I feel so ashamed of our ancestors. But then I realise that if I had lived in that same culture I would have been similarly brainwashed and might have been just as afraid and hateful. I'm so glad I live in more enlightened times. And so glad that you do, too. And also my son. God protect you both.
@joshuaaaron125
@joshuaaaron125 2 жыл бұрын
I think it’s slightly insulting that they put him on the £50, a bill that isn’t widely accepted in shops. He should’ve been on another, more common, bill
@ixopo6715
@ixopo6715 2 жыл бұрын
He also won the BBC 2019 vote as the greatest person of the 20th century.
@G1NZOU
@G1NZOU Жыл бұрын
@@joshuaaaron125 True it would have been cooler for him to have been on one of the more commonly seen notes, but it's still really cool that he's visible and celebrated.
@CaffeineKing
@CaffeineKing 2 жыл бұрын
It's great to see people pushing their boundaries and trying something new. I hope you enjoy my country (UK) when you get there!
@juliecobbina2024
@juliecobbina2024 2 жыл бұрын
Your country lol
@thatsthat2612
@thatsthat2612 2 жыл бұрын
I'm leaving this comment to stop the inevitable Christopher Columbus who's bound to stop by and say "the uk isn't a country"
@Awe_poop
@Awe_poop 2 жыл бұрын
@@thatsthat2612 but the uk isn’t a country tho
@Awe_poop
@Awe_poop 2 жыл бұрын
Srry I just had to
@CaffeineKing
@CaffeineKing 2 жыл бұрын
Heh, thanks @@thatsthat2612. Much appreciated. To confirm, I live in West Yorkshire, within the United Kingdom of Great Britain and Northern Ireland. :-)
@567891100
@567891100 2 жыл бұрын
That was funny, watching you two constantly taking the money from each other. Its mine, no mine, no mine. LOL.
@radicaladz
@radicaladz 2 жыл бұрын
Most of the features of modern pound notes are either accessibility/qualify of life features to make them more durable and easy to use and recognise, or to prevent fraud. It used to be that, when dealing with cash at my casino, we'd have to mark bills with a pen to tell if they're fake, which leads to a lot of false negatives slipping through, or holding them under a black light to check for hallmarks, which is slow and cumbersome when you're dealing with bulk. The hologram windows are part of this, but the notes also have serial numbers, watermarks, UV activated ink - all the bells and whistles when it comes to making it harder to forge them.
@liukin95
@liukin95 2 жыл бұрын
Just so you know, if you take a £50 note into a shop the shop assistant normally has to get their manager to check over it before accepting it. There's been issues of fraudsters attempting to remake them for a number of years so don't be offended if you come across this, just go with the flow 😊
@TheMaraki2
@TheMaraki2 2 жыл бұрын
You'll have such fun in Scotland as there are 3 different banks printing their own Scottish-themed banknotes.
@Thurgosh_OG
@Thurgosh_OG 2 жыл бұрын
The Scottish banks issue notes in denominations of £5, £10, £20, £50 and £100. Only the Royal Bank of Scotland continues to issue a small volume of £1 notes.
@peterbrown1012
@peterbrown1012 2 жыл бұрын
Northern Ireland, Channel islands and the Isle of Man also print their own bank notes.
@reverendnumbnuts1857
@reverendnumbnuts1857 2 жыл бұрын
@@peterbrown1012 And Gibraltar
@peterbrown1012
@peterbrown1012 2 жыл бұрын
@@reverendnumbnuts1857 trouble is that it looks identical to British currency but is not legal tender in the UK, I got caught out at Asda when the cashier handed me back a Guernsey £2 Coin, emailed the Bank of England and they said buisnessess didn't have accept non UK currency.
@frglee
@frglee 2 жыл бұрын
@@peterbrown1012 Technically the last two are 'crown dependencies', not part of the United Kingdom with their own governments and laws, although their monarch is also the Queen, titled as the Lord of Mann in the Isle of Man and The Duke of Normandy in the Channel Islands.
@telstar32
@telstar32 2 жыл бұрын
Lovely to see you looking at our currency. Here in the UK the £50 note, isn’t very widely used and a lot of smaller shops etc will not accept them. Try and use any £50 notes that you have in larger shops etc. I hope you have a great time.
@ewanduffy
@ewanduffy 2 жыл бұрын
@Matty I sure HMRC would be interested in getting to know you.
@themomentalist
@themomentalist 2 жыл бұрын
@Matty Clearly there was some reason why you chose to not do the obvious thing of taking them to the bank to change… 😉
@tycarne7850
@tycarne7850 2 жыл бұрын
The primary users of £50 notes are drug dealers and money launderers; they don't get a lot of day to day use by normal people.
@duckwhistle
@duckwhistle 2 жыл бұрын
@Matty This ^ ^ ^ Small shops only tend to reject them if they have to make change. If your total spend is over £50 you wont get rejected unlesss its a kid who's never seen one before, and they dont have a senior staff person to call over to verify it.
@radicaladz
@radicaladz 2 жыл бұрын
I work in a casino, so I see 50s on the regular. Whenever I do, I will often say "good old Al Turing", seeing as he was, like me, both autistic and queer. Him getting that spot on the 50 note was a long time coming.
@cambbrown6205
@cambbrown6205 Жыл бұрын
I have really enjoyed your vlogs. You are probably the most knowledgeable about the UK and seem very curious to know more:-)
@richardcardwell8882
@richardcardwell8882 Жыл бұрын
We do actually have a £100 note but it's very rarely used, plus we also have £5, £20, £50 and £100 coins which are classed as commemorative coins to be collected but are still legal tender
@fil_britbunnyboi872
@fil_britbunnyboi872 2 жыл бұрын
Turner is one of Britain's most renowned painters and mostly known for his colourful and vivid depiction of British landscapes/ countryside. Also, if you arrange the pence coins in a particular way, it forms the Royal coat of arms 😉
@johnhorton1012
@johnhorton1012 2 жыл бұрын
Be careful in the uk when spending a 50. They can be quite unusual and high value. Some places may not take them or won’t want to give you change on a small item. I would pay by card as much as possible and just keep a small amount of cash.
@cliffsinclair4900
@cliffsinclair4900 2 жыл бұрын
AGREE but be careful on exchange rates and charges. When in Europe, there can be a significant difference paying for product etc on card, all in the conversion applied to the currency and the card. You need to check wherein the transaction the currency is changed, at what rate and the cost applied for changing it, THEN compare cards. It was best in EU to use a debit card and be charged in local currency. The exchange rates elsewhere can be very expensive.
@johnhorton1012
@johnhorton1012 2 жыл бұрын
@@cliffsinclair4900 yes I agree. That's good advice. We have used a card designed for travel, when we have been in mainland Europe, Canada and the USA. It's worked well - revolut. (I'm not linked to it in any way!)
@kathpearson8966
@kathpearson8966 2 жыл бұрын
Agree. £50 notes are rarely seen and will often be treated with suspicion so don’t take loads. £20 notes are much more common. Lots of places are still cashless and many places would prefer you to pay by card than pay for something small with a large note, i.e. try not to use a note that is more than twice the cost of the item. Smaller shops will often not like giving that much change. £1, £2 and 50p coins are very commonly used but don’t get pounds and pence mixed up! 1, 2 and 5p coins are annoying bits of change. £1 coins are very useful and common. They are easy to spot and quite chunky so easy to identify. You need £1 coins for supermarket shopping trollies (carts).
@ianprince1698
@ianprince1698 2 жыл бұрын
@@kathpearson8966 some small shop transactions are now beginning to request cash for small amounts they find it easier
@colinscotland2887
@colinscotland2887 2 жыл бұрын
@@kathpearson8966 British banknotes, well they are English banknotes but British as well, 3 countries in the UK make bank notes which are Scotland, England and Northern Ireland and are all Polymer Plastic, Scottish bank notes is not legal tender but if Scotland became independent and had it's own currency, then it would be legal tender, Scotland still has £100 notes, here is a video I made about the Scottish bank notes which can be used anywhere in the UK kzfaq.info/get/bejne/sN6Ge8KV2cfHZac.html
@melissaheneghan5939
@melissaheneghan5939 2 жыл бұрын
We used to have a £1 note years ago but they were switched out to a coin instead, also the plastic bills are relatively new our notes used to be more papery.
@pauljstephens
@pauljstephens 2 жыл бұрын
And FYI - Modern polymer banknotes were first developed by the Reserve Bank of Australia (RBA), Commonwealth Scientific and Industrial Research Organisation (CSIRO) and The University of Melbourne. They were first issued as currency in Australia during 1988 (coinciding with Australia's bicentennial year); by 1996, the Australian dollar was switched completely to polymer banknotes. Romania was the first country in Europe to issue a plastic note in 1999 and became the third country after Australia and New Zealand to fully convert to polymer by 2003. Other currencies that have been switched completely to polymer banknotes include: the Vietnamese đồng (2006) although this is only applied to banknotes with denominations above 10,000 đồng, the Brunei dollar (2006), the Nigerian Naira (2007), the Papua New Guinean kina (2008), the Canadian dollar (2013), the Maldivian rufiyaa (2017), the Mauritanian ouguiya (2017), the Nicaraguan córdoba (2017), the Vanuatu vatu (2017), the Eastern Caribbean dollar (2019) and the Pound sterling (2021).
@BlameThande
@BlameThande 2 жыл бұрын
This was worth watching just because it's the first time I've ever seen the new £50 note. The only time you ever see them is with tourists who've been stiffed with them and then no shops will accept them - best to change them at a bank. I even once took out £1000 in cash to change to travel money because you got a better deal if you did it in cash, and even then the bank gave me £20 notes not £50 notes!
@gilgameshofuruk4060
@gilgameshofuruk4060 2 жыл бұрын
I've only ever seen one £50 note. It was the week after they were first issued. I was working in a shop after leaving school and at 6am a man came in to buy a pack of cigarettes. The cigarettes were 34p, he was the first customer of the day, I had a float of £30 , so I had to refuse. He was really annoyed, but hey ho.
@nmejias370
@nmejias370 2 жыл бұрын
I'd say that shops not accepting £50 banknotes is a thing of the past. They certainly carry out extra checks on them before accepting them, but based on my experience, seeing £50 notes is becoming more and more normal with the passing of time.
@gilgameshofuruk4060
@gilgameshofuruk4060 2 жыл бұрын
@@nmejias370 The way things are going £50 notes will be counted as small change.
@daviniarobbins9298
@daviniarobbins9298 2 жыл бұрын
Shops will probably accept them if you are buying nearly or over £50 worth. The problem happens when some idiot thinks they can buy a Mars bar with a fifty pound note. The till probably doesn't have £50 in change. I don't see why a supermarket wouldn't accept a fifty. As long as you aren't taking the p*ss there should be no problem.
@daviniarobbins9298
@daviniarobbins9298 2 жыл бұрын
@@gilgameshofuruk4060 That's inflation for you. I see a time when our current coins will be phased out because they are all but worthless. The pound will probably end up like the old Spanish money where 100pt is the smallest coin(they had smaller but no one used them). The smallest coin will be 1 pound, then 2, then 5, then 10, then 20, then 50, then 100 with 500 being the smallest banknote. Yeah, I can see this happening within my lifetime.
@davidholden2658
@davidholden2658 2 жыл бұрын
£50 notes are pretty rare, I can't remember the last time I saw one. A lot of shops don't like to accept them as they're the most commonly forged note. The 2p coin is worth 2 pennies, not two pounds. we do have £1 and £2 coins but you don't seem to have any. The shape of the 20p and 50p coins is to help the visually impaired as is the size and colour of the notes. You'll notice that the 5p and 10p coins have milled edges unlike the 1p and 2p coins, again this helps the visually impaired although originally silver coins had milled edges to deter people shaving the edges off pure silver coins. You won't need much actual cash in the UK as virtually everywhere accepts contactless payments now, there are even some small businesses that don't accept cash. Also, the bit that says "I promise to pay the bearer on demand the sum of twenty pounds" refers to the Bank of England not the Queen. You can see the Governor of the Bank of England's name and signature in the top left corner. It used to mean you could exchange the note for £20 of gold, now it means you can exchange an old, out of circulation note for a current note. J.M.W. Turner is one of Britain's most famous artists. They started putting famous people on the notes in 1990 and they change them every few years.
@jase6709
@jase6709 2 жыл бұрын
They were commonly forged in paper form. I've had plenty of the plastic £50 notes and have had no trouble spending them.
@gazgrill3700
@gazgrill3700 2 жыл бұрын
Agree with Jase. The old paper £50 note had a bad reputation, but the new one looks fabulous, and is so new that there won't be many forgeries yet.
@scottirvine121
@scottirvine121 2 жыл бұрын
Almost everyone accepts them and it’s not the most copied, it’s the risk to a business is far higher of getting it wrong.bad inflation increases £50 become more common
@whitedwarf4986
@whitedwarf4986 2 жыл бұрын
The first famous person used on a Bank of England note was William Shakespeare on the back of the B318 £20 note from 1970. The second was Florence Nightingale on the back of the B330 £10 note in 1975. There was a few more before 1990.
@paulmurgatroyd6372
@paulmurgatroyd6372 2 жыл бұрын
@@jase6709 Yeah a lot of fish and chip shops refused to take the £50.🤣
@HanOfGod13
@HanOfGod13 2 жыл бұрын
Although "Pence" is the correct term, almost no one in the UK says Pence, we just use the letter P. So it would be 1p (1 Pee), 2p (2 Pee) etc. Pounds and Quid are usually interchangeable in conversation, like Dollars and Bucks in the US.
@cbjones82
@cbjones82 2 жыл бұрын
I'd call a 1p coin a penny still. Think a lot of people would. I'd say it was a "penny" or a "1p coin"
@HanOfGod13
@HanOfGod13 2 жыл бұрын
@@cbjones82 for the 1p, penny can be used like in the US. I was commenting on the common language usuage of all Pence coins in Britain, which would be "P" rather than Pence. You could use P for the 1p, but you wouldn't use "penny" when using any coin higher than 1p (some "may" say a 2 penny coin...but I wouldn't say it's common place).
@cbjones82
@cbjones82 2 жыл бұрын
@@HanOfGod13 I say 20p now. In retail years ago I'd ask the customer for 20 pence. I use them now interchangeably
@mantrashak
@mantrashak 2 жыл бұрын
Penny is singular. So 1 penny. Pence is plural. So 2 pence.
@blotski
@blotski 2 жыл бұрын
I think I'm old enough to know why. Back in 1971 when I was a child we changed our system of money from a complicated combination of pounds, shillings and pence to just having pounds and pence. Under the old system the abbreviation for a penny was the letter 'd' (something to do with latin I think) so ten pence would be written 10d. With the new money the abbreviation for penny changed to 'p' so ten pence became 10p. As the values also changed 10d was not worth the same as 10p so when talking about money in the early days of the change over it became common to call the new pennies 'pee' to make it clear you meant new pence. In fact, I can also recall people saying, for example, 'twenty new pence'. Obviously, 20 pee is easier to say. For some reason this habit stuck. I've always found it to sound a bit silly and often use the words penny and pence myself. But that might be my age.
@Rob_Morrison_GB
@Rob_Morrison_GB Жыл бұрын
I'm british and i have never seen a polymer £50 note until now!!! :D Also 50p coins are widely circulated and used in the UK, and the 50p have the widest variety of designs on their reverse than any other coin by far! Quite a few are commemorative but all are still legal tender apart from the older 50p coins made before 1997.
@Cinesta76
@Cinesta76 2 жыл бұрын
When you get to the UK go into a bank and swap your £50 notes. Not many places like to take them. The notes were designed the way they are to help against counterfeits. And the 2pence is Like 2cents not 2 pounds. We do have a £2 coin that is gold and silver.
@hanRox693
@hanRox693 2 жыл бұрын
Yes I agree, a lot of shops will act strange if you produce a £50. £20 is normally the highest note you will see
@EvilSoupDragon
@EvilSoupDragon 2 жыл бұрын
I was thinking the same. The £50 is rarely used because a lot of shops don’t accept them.
@that_lewis_guy6953
@that_lewis_guy6953 2 жыл бұрын
The new £50 is good tho because they except that.
@deano2506
@deano2506 2 жыл бұрын
Absolute nonsesnse, I often get paid in £50 notes and never have a problem spending them. Shops seem check them more than any other note despite the fact you really don't get counterfeit 50's.
@timeplayertr
@timeplayertr 2 жыл бұрын
I work in a shop and we accept £50 all the time we just have to check them more carefully, and we get paid in them alot as workmen and builders tend to get paid in them.
@hrundivbakshi3959
@hrundivbakshi3959 2 жыл бұрын
I never would have thought that a video about comparing foreign currency could be so chaotic. In a good way, of course. You guys always have great banter and Angela dropping her "facts" as Ethan swiftly debunked them cracked me up! Hope your travel preparations are going well.
@adammullarkey4996
@adammullarkey4996 2 жыл бұрын
Fun fact: the difference in size between different UK notes is linear. So, for instance, the difference between the sizes of the £5 and the £10 is the same as the difference between the £10 and the £20. Australian notes actually do the same, but, supposedly, they also get fractionally thicker by the same ratio.
@mattybob12310
@mattybob12310 2 жыл бұрын
Having different sized notes makes it much easier to grab the note you're looking for if you have a mix in your wallet. I always have mine in order, 5,10,20, so, if I need a 20, I can thumb the top of it and pull it out without having to search through my notes :)
@josefschiltz2192
@josefschiltz2192 2 жыл бұрын
Joseph Mallord William Turner - 1775-1851 - is one of my favourite artists and he was born in Covent Garden, London, the son of William Turner of Devon (1745-1829), a barber and wig-maker and his wife, Mary -nee Marshall, whose family had great success in the butcher's trade. His father encouraged his son's work by displaying it in his shop. There are books of his work, including fascimiles of his European tour sketchbooks, one particularly beautiful one of Venice. Amongst his more famous works is The Fighting Temeraire. the 98 gun HMS Temeraire, one of the last second-rate ships of the line that had a role in the Battle of Trafalgar, being towed to it's final berth at Rotherhith to be turned into scrap. The painting, an oil-on-canvas, was exhibited at The Royal Academy in 1839.
@timelordtardis
@timelordtardis 2 жыл бұрын
One interesting place to visit in London is the Bank of England museum. Amongst the things on show are the evolution of British currency and the security on the notes. There's a real gold ingot that you are invited to attempt to lift. It's held quite securely.
@-yeme-
@-yeme- 2 жыл бұрын
Turner (on the back of the 20) was an artist. The picture in the background is one his famous works, The Fighting Temeraire, showing an old wooden warship being towed away to be broken up. Coincidentally it also appears in the Bond film "Skyfall," when Bond meets Q in an art gallery to take delivery of his gun and radio, the two sit on a bench and briefly discuss the painting.
@johnaustin6649
@johnaustin6649 2 жыл бұрын
UK banknotes also have raised series of dots to denote each note for the visually impaired; The £10 note has two clusters of raised dots in the top left hand corner. The £20 note has three clusters of raised dots in the top left hand corner. While not braille it is an indication of the denomination of the note.
@stevehaynes4327
@stevehaynes4327 2 жыл бұрын
I promise to pay the bearer is not to do with gold but silver, which is why the British currency is also known as sterling as in 'sterling silver'. Originally 0ne pound was more or less an IOU for one pound of sterling silver.
@AlmightyCRJ
@AlmightyCRJ 2 жыл бұрын
The predecimal pound was descended from the Librae. The pound symbol is still a scale (viewed side on) £ ⚖
@jojeffrie962
@jojeffrie962 2 жыл бұрын
Never knew that, great
@andyxox4168
@andyxox4168 2 жыл бұрын
Rubbish, the UK currency was backed by gold, you can google it and correct your understanding maybe!
@stevehaynes4327
@stevehaynes4327 2 жыл бұрын
Not rubbish , you should goggle it before advising others. Source wikipedia. " The origins of sterling lie in the reign of King Offa of Mercia (757-796) who introduced a sterling coin, made by physically dividing a tower pound of silver into 240 parts". Further " The silver basis of the pound sterling remained essentially unchanged until the 1816 introduction of the gold standard" So there we have it a link to the gold standard just over 1000 years after the currency based upon silver was conceived. OK apology accepted
@andyxox4168
@andyxox4168 2 жыл бұрын
@@stevehaynes4327 .. that wasn’t U.K. currency!
@stevenlowe3026
@stevenlowe3026 2 жыл бұрын
The plastic notes were invented in Australia, with watermarks and holograms, and they worked so well that the world has followed. They also go through the washing machine without damage . . .
@101xraydelta
@101xraydelta 2 жыл бұрын
dont look to good when they been in a dryer lol
@edwardwise5100
@edwardwise5100 2 жыл бұрын
There made in Wigton in the North of England along with the Australian notes.
@Flatkatsi
@Flatkatsi 2 жыл бұрын
@@edwardwise5100 Australian banknotes are made by the Reserve Bank of Australia at a site in Victoria, not in the UK.
@edwardwise5100
@edwardwise5100 2 жыл бұрын
@@Flatkatsi Maybe but we do / have made some of them here in the UK. I say we make the notes, it's the plastic then they get shipped off to the next place were they get printed. Innova Films factory Wigton.
@Flatkatsi
@Flatkatsi 2 жыл бұрын
@@edwardwise5100 The polymer substrate (the plastic) is made by Innova Films, but the banknotes themselves are made in Australia.
@GlyntTheCat
@GlyntTheCat 2 жыл бұрын
Full disclosure, £50 note is legal tender but you'll be hard-pressed to get some shops to accept it. The highest we usually see is £20. Additionally, we have a £1 coin and £2 coin, the £1 coin was recently redesigned from a previously round coin to a multi edged coin and it also contains a holographic little patch that changes between £ and 1 depending on where you look at it.
@lotta5363
@lotta5363 2 жыл бұрын
Just to let you know for when you're here in the UK, some shops/restaurants stopped taking cash since the pandemic and only accept card. Also £50s are actaully very uncommon, I don't think you can even get them at ATMs (I've never used one before), and some small shops won't accept them, mostly just supermarkets will. Also, we call it change too, our 50p is pretty common, and the 2 pence is not the same and 2 pound -pence is like cents and pounds are like dollars, so that 2 pence piece you have is more similar to 2 cent. We do have 1 and 2 pound coins and they're both pretty cool. And for if you go to Scotland, they have different cash there but you can use English money in Scotland and Scottish money in England:) Hope you love the UK! :)
@EvilSoupDragon
@EvilSoupDragon 2 жыл бұрын
As others have pointed out you want to go to a bank when you get here and change the £50 note, as it’s hard to get anywhere to accept it. If you are going to Scotland bear in mind they issue their own notes, that look very different. While they are a valid currency in the rest of the U.K., and are effectively interchangeable with the Bank of England issued notes, you may find some shops outside of Scotland are wary of accepting them. The 2p coin is the equivalent of 2cents, as there is a larger bi-metal £2 coin. Some slang you may find useful: Quid is the slang term for pound, and is quite common, so don’t be surprised if some tells you the value of something in ‘quid’.
@vereybowring
@vereybowring 2 жыл бұрын
I used to holiday in Northern Italy. Many shops there were happy to accept Scottish bank notes but refused English ones (nobody was forging Scottish notes) lol
@Thurgosh_OG
@Thurgosh_OG 2 жыл бұрын
In my nearly 55 years, I've never had a problem with spending Scottish notes in England. There is sometimes a hesitation, particularly with young staff who don't see Scottish notes very often.
@EvilSoupDragon
@EvilSoupDragon 2 жыл бұрын
@@Thurgosh_OG I suspect that’s the main reason people encounter the problem.
@Markus117d
@Markus117d 2 жыл бұрын
@@EvilSoupDragon Exactly, I've never seen a Scottish note, And would be very wary of excepting one because i would have not enough familiarity to spot a counterfeit one..Although like most people i probably wouldn't spot a fake UK one without a very close look lol..Good thing I've never worked behind a till. 🤣
@OurnameisLegion66
@OurnameisLegion66 2 жыл бұрын
Scottish notes are not legal tender, not even in Scotland.. They are commercially owned as opposed to government owned.
@fallyoverguy
@fallyoverguy 2 жыл бұрын
Be aware that those are only Bank of England bank notes (bills). Scotland and Northern Ireland have multiple different decorations to their bills which look very different from the Bank of England version. Even through the Scottish and Northern Irish money doesn't look the same, they have the same value. Here's a video showing the Scottish bank notes kzfaq.info/get/bejne/n8B0f8uj3NrJe4E.html Northern Irish bank notes video: kzfaq.info/get/bejne/qb10eZea2dqRnmQ.html
@fog8251
@fog8251 2 жыл бұрын
Yeah, it's not just the Bank of England that prints money in the UK. There's different versions from the Bank of Scotland, Royal Bank of Scotland, Clydesdale Bank, Northern Bank (Danske Bank), Ulster Bank and Bank of Ireland.
@amyw6808
@amyw6808 2 жыл бұрын
I love the Scottish notes - beautiful illustrations of otters, squirrels etc
@ghughesarch
@ghughesarch 2 жыл бұрын
Scottish and Irish notes are not legal tender and shops (etc) in England and Wales can (and frequently do) refuse to accept them. Banks will exchange them though. Bank of England notes are accepted in Scotland, however.
@drewfinlay3618
@drewfinlay3618 2 жыл бұрын
@@fog8251 you say that yet in England, Scotland and Wales I struggle to find shops that will accept my Northern Irish notes and in England especially they seem to only accept BOE notes. Northern Ireland however we will accept anything as long as it is from the UK, although some areas also accept Euros
@andyxox4168
@andyxox4168 2 жыл бұрын
No it can’t and Scottish notes are not legal tender in England (or strangely in Scotland where only minted coins are acceptable). Scottish notes are actually mere ‘promissory notes’ issued by 3 Scottish banks and backed by English notes or gold of equivalent value. Shopkeepers in the UK may however accept what they like in exchange for goods.
@leedshunk
@leedshunk 2 жыл бұрын
Great video ! Our currency notes change every few years , and always vary the historical figures which appear on the back. Since they went plastic they all reduced in size a fair amount and although I'm 56 years old I've never ever had a £50 note. I'm pretty sure the Bank of England dont issue high denomination notes to keep down counterfeiting 😘👍
@peterd788
@peterd788 2 жыл бұрын
The supply of £50 notes is limited because they get taken out of circulation very quickly by criminals. When the Euro was launched US and UK authorities begged the Europeans not to release a 500 Euro note because of how easy it would be for criminals to move large sums of money.
@klepto5596
@klepto5596 Жыл бұрын
You’ve NEVER had a £50 note in 56 years !!! So you’ve never withdraw a large amount of cash from anywhere . I’m shocked , 50’s are so common here and I’m from the shithole called Slough.
@leedshunk
@leedshunk Жыл бұрын
@@klepto5596 honestly , I never have , maybe it's a northern thing ! 🤔
@klepto5596
@klepto5596 Жыл бұрын
@@leedshunk Well you live and learn I guess.
@Mirioman
@Mirioman 2 жыл бұрын
Wow that's the first new £50 note I've ever seen. Not many people tend to carry them around. Last time I paid with an old one in a store all the staff gathered round to check it as they aren't often seen.
@flappetyflippers
@flappetyflippers 2 жыл бұрын
Yeah some shops even refuse to take then (which they're not allowed to do I'm pretty sure) Personally I've never actually seen one in person
@damianhudson6399
@damianhudson6399 Жыл бұрын
Most shops are stopping to take them due to the fact as they're the easiest to forge and some other reasons
@Hieronymous69
@Hieronymous69 2 жыл бұрын
One thing that you might like to be aware of is that the price labelled on goods (barring errors) is the price that you pay. There is no additional cost at the checkout.
@dinerouk
@dinerouk 2 жыл бұрын
IOW, the tax is pre-paid!
@0Zed0
@0Zed0 2 жыл бұрын
@@dinerouk I think pre-calculated would be a better way to describe it as the customer still pays it.
@sirderam1
@sirderam1 2 жыл бұрын
@@0Zed0 Tax is included in the price tag on the item, might be best.
@cancer_sucks
@cancer_sucks 2 жыл бұрын
if i have a 'wad' (rare these days) you stack the notes from large to small. the size makes it super easy to find the right note without really looking at the stack.. also super useful for blind folk
@kingfield99
@kingfield99 2 жыл бұрын
The people on the back of British notes are changed every decade or so, personally I think it's great that they feature a diverse range of people and not just a bunch of dead politicians. Also the backs of our coins often have 'limited editions' to commemorate things like the Olympic Games or historical events, some of these are only issued in very small amounts and can become more valuable than the face value.
@absoleet
@absoleet Жыл бұрын
Advantages of the different sizes of pound notes is that you can tell the different denominations apart just by feel, and it makes it easier to sort and arrange them since the larger denominations will stick out further.
@paulhanson5164
@paulhanson5164 2 жыл бұрын
I've almost forgotten what its like to use cash, just about everywhere here in the UK is contactless now, either with a phone app or bank card. I've even seen places that no longer accept cash. Sad really as I don't like the idea of a cashless society but with cash machines getting ever rarer trying to get cash can be a pain.
@alanjay981
@alanjay981 2 жыл бұрын
About a year back there was a news item that said around midday possibly about Million people in supermarkets across the country & elsewhere could not pay for there food at the checkout because the main data bank processor had broken down & lasted for several hours.They had to leave there trolley's & go home.Only people with cash could buy food.If we head for a cashless society & there's a big malfunction or cyber attack, what then.Nobody can guarantee this won't happen. All the best.
@TrashskillsRS
@TrashskillsRS 2 жыл бұрын
Similarly in Denmark the last time people bought anything with bills or coins back in like 2015. Many businesses are even pushing to be able to decline cash. Even at various Festivals or Faires you are unable to pay in cash and need to make a debit or credit transfer.
@davidbell8320
@davidbell8320 2 жыл бұрын
The push towards controlling our money digitally and by definition "people"
@Dave.Thatcher1
@Dave.Thatcher1 2 жыл бұрын
@@davidbell8320 Absolutely!!!
@martinconnelly1473
@martinconnelly1473 2 жыл бұрын
I hardly handle cash anymore. The thing that surprises me is that in the USA (I believe) you can't go into a banking app on your phone/computer and pay a bill directly to the account of the person you owe the money to (BACS system). This is why I no longer use much in the way of coins or notes. If I am going to a country that uses Euros (or a number of other currencies such as US dollars) I have a multicurrency cash passport card that I preload with Euros. When I am there I can reload more money as required using the online app. I get a far better exchange rate doing this than you can get at airports or tourist areas. Using a phone that is unlocked biometrically makes contactless payments safer than using a card. I would prefer a biometrically locked card as well but they are not generally available yet.
@ronkelley5348
@ronkelley5348 2 жыл бұрын
Since Covid, contactless has become the way most of us pay for most things using debit cards (obviously chip and PIN is available). Avoid £50 notes - outside of London they're uncommon. £20 is the commonest high denomination note in general use.
@kiewsky
@kiewsky 2 жыл бұрын
JMW Turner was a famous painter (a precurser of the Impressionists). You can see a lot of his best paintings at the Tate Gallery in London.
@tb1271
@tb1271 2 жыл бұрын
In all honesty, you almost never see a £50 note. Most cash machines (ATM's) don't even stock them. Also, the reason it has "I promise to pay the bearer on demand the sum of ..." and the reason we call them notes not bills is because they evolved from a thing called a 'promissory note'.
@thepetermullins
@thepetermullins 2 жыл бұрын
You are exactly right about the size thing, it's really helpful for the visually impaired. My dad is blind and can still use cash because he knows the sizes by touch.
@ianjardine7324
@ianjardine7324 2 жыл бұрын
The "chip" in our bank notes is a simple RF circuit like you see in key cards which allows machines to scan the note and the return signal tells the machine the value it makes counterfeiting very hard and makes designing ATM's vending machines and any other cash related technology much simpler and more reliable.
@boofuls
@boofuls 2 жыл бұрын
Every days a school 🏫 day 👍
@tn_onyoutube8436
@tn_onyoutube8436 2 жыл бұрын
I’m sure others have commented, mainly a point or two at a time, but to cover some of the points I noted when watching: - the notes are indeed different sizes so as to help visually impaired people, aside from the Braille - I don’t know the dates it happened but we have not had a £100 in my memory and I have never seen one (I am 60). - however, to open up an entirely new can of worms, the Bank of Scotland DO have a £100 note, and issue all the other same denominations as the Bank of England notes you showed. These are technically legal currency but some shops may refuse to take them (though they are not allowed to refuse) - there are no “chips” in any of the notes, just various sorts of security holograms and inclusions to make counterfeiting more difficult - the coin you thought was a £2 (two pound) was in fact a 2p (two pence), just 2 pennies. There is a much, much bigger £2 coin and a £1 coin that is smaller than the £2 but still very thick - the £50 note is widely used, but is not very common to see in daily use. Some smaller shops may refuse to take them, due to the monetary risk if it turns out to be a fake. Legally they are not allowed to refuse, but some do refuse to accept them. - when taking cash out of an ATM a you will almost always only get £10 and £20 notes. I have never, ever received any other denomination, though I do believe that some ATMs on college campuses and nearby do give out £5 notes - the 1p and 2p coins, and increasingly the 5p coin are becoming every less used, as prices negate their benefit. Though many shops do still stick to the £x.99 pricing point for goods, so you will end up with some, but then will find it difficult to find the right time and place to use them and will probably end up with a pocket full of them! - the 50p coin is widely used, as are the 10p and 20p, and even more so the £1 and to a lesser degree the £2 coins - J M W Turner is a very famous 18th/19th Century English painter, just as Jane Austen is a famous author. - all the notes are plastic now, as you saw. This has only happened in the last few years. You can still come across older style £20 notes (which are even bigger than the current £20) but try to avoid them as some shops think they are no longer legal tender, though they are. - the notes are made of a plastic polymer which many people think of as indestructible- but they are not. They have an expected life of 5 years as opposed to 2 years for the old paper/linen notes. - final point - all this talk of notes and coins is fun and interesting, and of course these things are legal tender everywhere, but in practice we mainly use credit or debit cards, mostly in contactless format (up to £100 per transaction, you need to use the chip and PIN for higher amounts). I know people who literally now never use cash and it is somewhat unusual to pay larger amounts using cash anymore. Or our Apple or Samsung Pay features on our phones! One key example of this is the fact that you cannot pay for bus or subway (tube) tickets in London with cash - you have to buy a ticket from a machine ahead of time, buy a multi use “Oyster” card, or touch on and off a service using a credit, debit or phone transaction.
@ccityplanner1217
@ccityplanner1217 2 жыл бұрын
We have a 2p coin, which is massive. The reason is because we used to have a ½p coin, & they made the 2p really big so it would be four times the weight of the ½p coin, so banks could use the same counting machine for both denominations. When there were 240 pence to the pound, we had coins at 1/20 (shilling), ⅒ (florin) & ¼ (crown). In 1970, when the penny was revalued from 1/12 of a shilling to ⅕ of a shilling, the £¼ coin was changed to £⅕ so that all coins would be divisible by each other.
@njebs.
@njebs. 2 жыл бұрын
Haha I've actually never seen the new £50 note, businesses very very rarely accept them for some reason, and cash machines will -always- _almost always_ give you a maximum nomination of £20 for any amount of money. Also I think one of the reasons why our notes are different sizes is so that is clearer when presenting money to someone what notes are being handed over. Typically you'd have the largest value notes at the bottom, so you're able to see all the different stacks without having to fan it out.
@cyberash3000
@cyberash3000 2 жыл бұрын
when i was in london i withdrew 200 pounds, and it gave me it in 50 pound notes
@cyberash3000
@cyberash3000 2 жыл бұрын
i then went to the pub bought half a beer, and gave him the 50 quid note lol
@KentRoads
@KentRoads 2 жыл бұрын
Most common denomination faked, dumb reason to not accept them though
@KentRoads
@KentRoads 2 жыл бұрын
@@cyberash3000 atm's dont tend to have £50's 0.o
@cyberash3000
@cyberash3000 2 жыл бұрын
@@KentRoads this one did it was opposite burrough market in london
@amynehls4175
@amynehls4175 2 жыл бұрын
Travelling to the states (pre plague) I found myself getting very annoyed with the currency all being the same size & colour. Especially in low light areas or at night it really slowed me down when paying. The texture reminds me of playing monopoly 😂
@andyxox4168
@andyxox4168 2 жыл бұрын
… you never know what (note) you’re pulling out in a titty bar … 😂😂😂
@TimMiller
@TimMiller Жыл бұрын
Something else which I don't think anyone has commented on: the 1p coin weighs exactly half the weight of a 2p coin; and the the 5p coin is half the weight of a 10p coin. This means that you can just put all your copper coins together and weight them to see how much you have.
@okeydokey3845
@okeydokey3845 2 жыл бұрын
I'm British ( U.K.) and I've never seen, nor held in my hand..a £50 Note.No not Ever .so thanks for the experlation, on how it. looks!!
@TheStv89
@TheStv89 2 жыл бұрын
Definitely stay away from the £50 note guys, They are very hard to spend in the UK as a lot of businesses will refuse to take them as they are scared of being left with forgeries.
@miff227
@miff227 2 жыл бұрын
Though, they were the easiest to tell if they were forgeries as they were normally more pristine and the ink that should rub off does rub off (I used to joke with customers that "this one's still wet!"). Of course that's the old style. New style needs a laser pointer to check I guess.
@helenwood8482
@helenwood8482 2 жыл бұрын
That is no longer true as the new £50 is virtually impossible to forge. I have seen a forged version of the new £20 note and it looked as if it had been done by a child.
@TheStv89
@TheStv89 2 жыл бұрын
@@helenwood8482 I still will NOT accept one.
@spooony2714
@spooony2714 2 жыл бұрын
@@TheStv89 why?
@Markus117d
@Markus117d 2 жыл бұрын
I believe that in part it has to do with the differences in values, ie buying something that costs £10 with a £50 would be next to impossible. But i am not sure if they would be as reluctant to accept a £50 if you were buying something priced at £60 or £70 for example.. 🤔
@jamesmnaylor
@jamesmnaylor 2 жыл бұрын
We got rid of the £1 note in 80s due it it being easy to counterfeit. I wish we could bring it back now it is extremely hard to counterfeit the new notes. I hate having so many coins in my pocket. Turner is a famous painter from the 18th century known for many of his works of romantic paintings. Alan Turing has only recently been put onto the back of the £50note as the old ones have only just been phased out, although some shops don’t except £50 due to again how easy it was to counterfeit the old notes which remained in circulation until recently.
@davidholden2658
@davidholden2658 2 жыл бұрын
It wasn't due to counterfeiting it was because notes wear out so quickly and it was easier for vending machines to take a £1 coin than a £1 note. The coins cost more to make but last 50 times as long so overall they're more cost effective to produce.
@billythedog-309
@billythedog-309 2 жыл бұрын
19th century for the most part.
@jamesmnaylor
@jamesmnaylor 2 жыл бұрын
@@billythedog-309 true.
@daveofyorkshire301
@daveofyorkshire301 2 жыл бұрын
Thank the Australians for plastic currency, they pioneered it and we followed them as it proved more robust and harder to forge... Although forgery isn't as easy as you make out, the paper alone was almost impossible to duplicate never mind the water mark and ribbon..
@jamesmnaylor
@jamesmnaylor 2 жыл бұрын
@@daveofyorkshire301 I don't mind how the new notes look and feel. If it leads to more notes and less coins.
@wishywozy1
@wishywozy1 2 жыл бұрын
Hi Guys, we call it change also. We used to have one pound notes up to the early eighties but these were taken out of circulation and replaced for the one pound coin. Notes and coins have changed over the years. 5 and 10 pence coins used to be a lot bigger than they are now, and it hasn’t been that long since paper notes were replaced by plastic notes. A lot of the changes were in aid to tackle counterfeit fraud. The 50 pence piece and the 2 pound coins are also popular and are common in circulation as well. Hope this helped. Great video by the way :)
@kevinpugh3291
@kevinpugh3291 Күн бұрын
The shiny part on UK notes, is in fact a printed hologram - difficult to fake.
@butIwantpewee
@butIwantpewee 2 жыл бұрын
When it comes to cash familiarity is really important I think, when I visited the states I hated how all the notes looked the same to me. It's probably instinctive to Americans when trying to tell the difference but I spent the entire holiday paranoid I was somehow going to waste a $100 bill thinking it was a $1 bill. With our notes all looking so different I don't have that problem lol.
@michaelscott7166
@michaelscott7166 2 жыл бұрын
Fun fact with the UK polymer notes, you can use the corners of them to play vinyl records.
@TheSuperlambanana
@TheSuperlambanana 2 жыл бұрын
That is a genuinely fun fact I didn’t know that haha
@Danny-kf3mj
@Danny-kf3mj 2 жыл бұрын
Few little facts for you is bank notes are actually an I owe you from the bank, hence the "I promise to pay the barer the sum of" being printed on them. The size difference in our notes is to help the blind differentiate between notes. The notes you have there are Bank of England notes, we also have Bank of Scotland which look quite different.
@Courtneyburns90
@Courtneyburns90 2 жыл бұрын
And then you come to Northern Ireland and we have about 5 different sterling notes including Bank of Ireland, Ulster Bank and First Trust lol xx
@tersse
@tersse 2 жыл бұрын
in the uk we stack our notes small to large, so its harder to give say a 10 as a five, if you mix up your notes all the same size, you could end up giving some one a 10 for a five and not notice very hard to do in the UK.
@EclecticInstinct
@EclecticInstinct 2 жыл бұрын
I live in the UK and I rarely use physical currency these days. My exceptions are for some tipping and paying my window cleaner. Otherwise, I use my Apple watch contactlessly for most everything on a daily basis, including collecting Costa Coffee points. I will use my debit/credit cards (chip and pin) for large purchases. Like previous comments, I cannot remember the last time I saw a £50 note. I suggest you walk into any high street bank once you are here and ask then to break it down to lower denominations, which they will do for free. Finally, if you ever need to visit a Dr, come to Scotland as there are no prescription charges.
@tinescot8779
@tinescot8779 2 жыл бұрын
Prescriptions are free to those who live in Scotland.
@Oxley016
@Oxley016 2 жыл бұрын
It's not as simple as go to Scotland and everything is free, different rules for non citizens etc
@richmorris2870
@richmorris2870 2 жыл бұрын
We hardly ever use a £50 note in the UK and whenever someone gets one out there's usually a joke to the person with one about money laundering or tax evasion. I've even seen some businesses refuse to take them (pubs, small shops etc). This might have changed now they are plastic, but I'm not sure as I've never had one and as far as I'm aware you won't get them out of an ATM and have to go in to the bank to get one? The one downside to the notes being plastic is that they do slide out of your wallet/pocket much easier, so watch out for that. as I lost money in the early days of the plastic notes. Also you are correct, our notes are different sizes to help those with visual impairment or learning disabilities.
@ninebangtrojan4669
@ninebangtrojan4669 2 жыл бұрын
Going back to the 90s we had to get a manager to inspect 50s before taking as payment. As for Scottish notes good luck spending them!
@zzirSnipzz1
@zzirSnipzz1 2 жыл бұрын
We got £50's for weeks after the boss sold our crane for cash
@CezTV
@CezTV 2 жыл бұрын
As someone from Ireland who frequently travels to the UK. Whenever I change my money before travel, I always get £50 notes. €50 notes are very common but whenever I hand over a £50 note I notice people are usually skeptical which is weird to me. There was one occasion where a shop keeper did say "Oh you aren't from the UK", he told me it's common for people outside the UK to use £50 notes. I guess the only place to get £50 notes are outside the UK lol
@Kaivana
@Kaivana 2 жыл бұрын
Unless you work in a petrol station were you see 1 to 4 a day.
@richmorris2870
@richmorris2870 2 жыл бұрын
@@Kaivana that’s a good point…. Is an exception to the rule though 👍🏻
@dennis12dec
@dennis12dec Жыл бұрын
The building on the transparent window on the £10 polymer banknote is Winchester Cathedral where the English novelist Jane Austen is buried her portrait is on the reverse of the banknote.
@LeeZerUK
@LeeZerUK 2 жыл бұрын
We also have £5 coins. They are not in regular circulation and are pretty exclusive mints around major celebrations. Another fun not is 50p coins come in many different reverse side mintings. Nearly every season the British mint release a new series and often people collect them to complete the series.
@superted6960
@superted6960 2 жыл бұрын
Interesting fact. Because the Queen has been on the throne for so long, all our current notes and coins bear an image of her head on one side. Before decimalisation (1971) it was commonplace to see coins bearing the heads of previous monarchs, and dated accordingly. When Charles becomes King his head will, of course, start to appear, but old coins with the Queen on them won't routinely be taken out of circulation. Notes tend not to last too long anyway, so those with the Queen on them might disappear fairly quickly. I wonder if the Bank of England/Royal Mint have already prepared new designs against the day. Probably.
@ThomasCostigan
@ThomasCostigan 2 жыл бұрын
I do believe Charles has posed for his portrait several times at this point.
@dasy2k1
@dasy2k1 2 жыл бұрын
He will also be facing the other direction (on the coins at least) as they always alternate direction with each monarch so Charles will be facing left... When you look at old pre decimal coins most will have left facing heads as George V and George VI are by far the most common ones around. Edward VII wasn't on the throne long enough to actually have coins enter circulation properly but as they had produced some (facing right) it swapped back for George VI
@andrewlaw
@andrewlaw 2 жыл бұрын
You wouldn't believe the security features UK money has, holograms, raised lettering, a unique font just to name a few of them. They have raised lettering and are different sizes to help the blind community determine what they have in their pockets. Incidentally, keep notes in a wallet, purse or money clip, do not put them straight into your pocket, being polymer they slide out of your pocket way too easily.
@TedsonJones
@TedsonJones 2 жыл бұрын
The 2p coin is so big because we used to have a halfpenny coin. The 2p was twice the weight of the 1p, which was twice the weight of the halfpenny. That way you could quickly determine the value of a big stack of coins by weighing them.
@DS-od1kb
@DS-od1kb Жыл бұрын
When I was a kid my dad used to give me loose change when he came home from the pub in the days when they closed at 3pm. I used to count them and when I had £5 worth which was a fortune to a kid back then I used to take them to our local shop to use them as change. They never counted them they just weighed them and when I got my £5 note I was a 10 year old millionaire for the day.
@TedsonJones
@TedsonJones Жыл бұрын
@@DS-od1kb Nice one. £5 won't buy you much these days!
@jameslewis2635
@jameslewis2635 2 жыл бұрын
In the UK we don't generally carry larger cash denominations because we can use direct card payment in most shops or withdraw more cash without paying extra and with the larger values (such as the £50 one for example) there tend to be a lot of forgeries around. When you are familiar with how these look they are usually easy to spot but people handling cash in poor light can often be caught out (trust me, as a delivery driver I know this for a fact). This is made harder for the sales person that the Scottish version of our currency is still valid throughout the UK and is almost completely different in design meaning that forgeries of those notes in England and Wales are more likely to get past a casual inspection due to a lack of familiarity.
@ElectariumTunic
@ElectariumTunic 2 жыл бұрын
4:30 - Bills are in different sizes so that visually impaired people can know the difference, either through feel or with specially made measuring sticks If they all where the same size, like US Dollars, a visually impaired person wouldn't be able to tell the difference between $1 and $100 Same reason for colour differences 7:40 - Yes, exactly. But braile can wear with time, size will always remain
@StunnedByWrestling
@StunnedByWrestling 2 жыл бұрын
Absolutely burst out laughing at the David Brent bit there 😁 also i think the money is different sizes to assist blind people or something
@dontaskme7004
@dontaskme7004 Жыл бұрын
Not sure if anyone said this, or if you'll even see it... The strips in the 100 are what UK money used to have. The strip is woven through the material and you can't rip through the strip. Fake notes have foil strips printed on and you can tear through them. The 100's probably all have a tear in them from people testing the notes. They tear up a bit of the note to see if they can tear across the strip.
@nigelgordon
@nigelgordon 2 жыл бұрын
The main reason behind the size difference in UK notes is not so that they can be identified by the blind easily, though this is a welcome side effect. It goes back quite a long way and is to avoid misbundling, that is putting a note of one denomination in a stack of another. This was particularly a problem when notes were all printed in the same colour. If the notes are of different sizes, if you include a note of a different denomination in the stack it stands out if it is a large denomination and is detected in the riffle test if it is smaller.
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