New €5 note coming

Skerries

http://www.new-euro-banknotes.eu/Euro-banknotes/Euro-banknotes-7-1/THE-NEW-5

there's a link to compare them side by side, saving you having to check your pocket for a snot covered one
not that I did that *cough*

kneemos

Oh no there's not.

Recluse

What's wrong with the current one?

SunnyDub1

clicked this link only to discover that there is a such thing as a €500 note:eek:

amazing... have never seen one before.

martingriff

Recluse wrote: »

What's wrong with the current one?

New security features maybe. It looks like all will be changes eventally by the look of the website

vicwatson

Why oh why?

Corruptedmorals

Recluse wrote: »

What's wrong with the current one?

This one is to increase the safety features and make fakes more obvious. They are the most common counterfeit note, because nobody checks them.

Corruptedmorals

SunnyDub1 wrote: »

clicked this link only to discover that there is a such thing as a €500 note:eek:

amazing... have never seen one before.

Its huge! You'd have a tough time fitting them in your average wallet. They seem to be common in foreign bureau de changes, anyone who ever paid with them in work were tourists. None of them seemed to cop that providing €400 odd change would not be instant. Pretty much nowhere takes them, hence rarity.

repsol

SunnyDub1 wrote: »

clicked this link only to discover that there is a such thing as a €500 note:eek:

amazing... have never seen one before.

Apparently a lot of them are in criminal hands because it is easier to hide or transport than smaller denominations.Most shops will not take them.

vicwatson

SunnyDub1 wrote: »

clicked this link only to discover that there is a such thing as a €500 note:eek:

amazing... have never seen one before.

Not distributed in Ireland - No demand as we are all broke

Ficheall

It doesn't bode terribly well for the new security features that they feel the need to emblazon the word "specimen" across the picture of the note...

munchkin_utd

SunnyDub1 wrote: »

clicked this link only to discover that there is a such thing as a €500 note:eek:

amazing... have never seen one before.

they were never printed in Ireland seeing as the country is (/was) in love with chequebooks but they still are legal tender

To be honest, even abroad anything over 100Euro is rare enough to see seeing as many shops wont accept the 200s and 500s, if anything simply to conserve their float as much as any security risk.

FatherLen

looks shit.

maximoose

repsol wrote: »

Apparently a lot of them are in criminal hands because it is easier to hide or transport than smaller denominations.Most shops will not take them.

Most shops here don't even take €100 notes

3DataModem

You see the big notes if you hang around gamblers.

squod

Probably don't have silver strips anymore. The metal could be worth more than the note shortly.

Interestingly a lot of 1c coins in the USA are worth 2c or more when melted down.

gurramok

Does it have anti-crumbling features to keep it smooth and flat? If not, its useless!;)

AnonoBoy

Are they going to finally put them back into ATMs?

My name is URL

The EU has more members than it did when the € was introduced so they have to update notes and coins accordingly, regardless of new security features.

kneemos

Corruptedmorals wrote: »

Its huge! You'd have a tough time fitting them in your average wallet. They seem to be common in foreign bureau de changes, anyone who ever paid with them in work were tourists. None of them seemed to cop that providing €400 odd change would not be instant. Pretty much nowhere takes them, hence rarity.

most won't even take the hundred euro note,so much for valid currency.

repsol

kneemos wrote: »

most won't even take the hundred euro note,so much for valid currency.

All that "legal tender" stuff is bull.Try spending Northern Irish or Scottish Sterling in England and see what reaction you get:D

dickwod1

SunnyDub1 wrote: »

clicked this link only to discover that there is a such thing as a €500 note:eek:

amazing... have never seen one before.

I brought one (€500 note) on holidays with me before to Portugal, brought it to the bank there to change it and you'd swear I walked in with the Mona Lisa,
2 cashiers 1 bank manager and 2 security guards checking it/looking at it all at the same time!

c_man

Leaving aside its instability, the Euro is such crap money.

shanec1928

c_man wrote: »

Leaving aside its instability, the Euro is such crap money.

have you never seen the Australian dollar? play money..

repsol

They should have replaced the 5 euro note with a coin larger than the 2 euro.

LivelineDipso

Shove it up your hole ECB.

I'll get excited and hopeful when it says "Punts" after the number 5 once again.

Sky King

I like it. My only reserve would be the big word specimen emblazoned across it. I think the notes would look much better without that, and it's kind of irrelevant really.

I might write to them.

maxfresh

I've never had a note bigger than a 50

would love a few of those 500's

MonkstownHoop

repsol wrote: »

They should have replaced the 5 euro note with a coin larger than the 2 euro.

no, i hate coins

ScumLord

Sky King wrote: »

I like it. My only reserve would be the big word specimen emblazoned across it. I think the notes would look much better without that, and it's kind of irrelevant really.

I might write to them.

Walter Specimen deserves as much recognition as anyone else. If it wasn't for him **** into that cup all those years ago we wouldn't have the modern medical marvels that we have today.

Capt'n Midnight

more info http://www.ecb.europa.eu/euro/html/index.en.html

Capt'n Midnight

squod wrote: »

Interestingly a lot of 1c coins in the USA are worth 2c or more when melted down.

you can take out a maximum $5 of 1c coins and it is clear that the purpose for exporting such coins is for legitimate personal numismatic, amusement, or recreational use.
http://cfr.regstoday.com/31cfr82.aspx

(a) Any person who exports, melts, or treats 5-cent coins or one-cent coins of the United States in violation of §82.1 shall be subject to the penalties specified in 31 U.S.C. 5111(d), including a fine of not more than $10,000 and/or imprisonment of not more than 5 years.

Grayson

Corruptedmorals wrote: »

Its huge! You'd have a tough time fitting them in your average wallet. They seem to be common in foreign bureau de changes, anyone who ever paid with them in work were tourists. None of them seemed to cop that providing €400 odd change would not be instant. Pretty much nowhere takes them, hence rarity.

They printed very few as well. They figured the number of times that anyone would actually need one would be rare. It was considred a big security risk because as you said, the only people whi need a large amount of them are drug dealers. 50,000 would be 100 notes and would fit in your back pocket.

ScumLord

Grayson wrote: »

It was considred a big security risk because as you said, the only people whi need a large amount of them are drug dealers.

And Germans. I was shocked when I arrived in Berlin and went to an ATM and saw the standard options for taking out cash. It started at €100 and went up to €500 and I assumed you'd receive a crisp €500 note on selecting that option.

Dr. Kenneth Noisewater

Corruptedmorals wrote: »

Its huge! You'd have a tough time fitting them in your average wallet. They seem to be common in foreign bureau de changes, anyone who ever paid with them in work were tourists. None of them seemed to cop that providing €400 odd change would not be instant. Pretty much nowhere takes them, hence rarity.

I remember back around 2003 when I was working in Penneys a Spanish student coming up to the till to buy socks with a €500 note. I nearly slapped her as it was a tuesday evening and there was only about €300 in the till. Had to ring the cash office to change it for me as she had nothing else. I'd say nobody else in the town would take it off her.

Thanks and four hundred and ninety six euro fifty cent your change and your receipt. :cool:

Difference Engine

repsol wrote: »

All that "legal tender" stuff is bull.Try spending Northern Irish or Scottish Sterling in England and see what reaction you get:D

Legal tender is something you have to accept in payment for a debt.

If you are buying something in a shop a debt hasn't been created yet so they can as awkward as they want. It's not like NI/Scottish sterling won't be accepted by the bank in the end. I don't know what the big fcuking deal is with it.

ScumLord

Difference Engine wrote: »

If you are buying something in a shop a debt hasn't been created yet so they can as awkward as they want.

So if you broke the item they'd be obliged to take your money then?

who_me

vicwatson wrote: »

Not distributed in Ireland - No demand as we are all broke

Dunno, these days a €500 note be handy for buying a house. Apart from all the change...

Zippy1991

3DataModem wrote: »

You see the big notes if you hang around gamblers.

So bookies have lots of them!!!

Difference Engine

ScumLord wrote: »

So if you broke the item they'd be obliged to take your money then?

Yes they would. Mind you if it was something you broke that's the time to pull out the fake €500. There is no obligation to give you change though.

frozenfrozen

The current 5 euro looks too similar to a 20 euro note

Recluse

frozenfrozen wrote: »

The current 5 euro looks too similar to a 20 euro note

If you can't tell the difference you probably shouldn't be carrying around money..

frozenfrozen

Recluse wrote: »

If you can't tell the difference you probably shouldn't be carrying around money..

Do you want me to give it to you instead? I can't tell if this massive stack of notes is 5s or 500s

WindSock

It's been so long since I've seen a fiver, it looks the same to me.

jessiejam

Bring back the £IR I say
Punts all the way. You got a lot more for your money then.

Quality of the Euro paper is crap a fiver feels the same as a tissue in your pocket.

Amirani

Corruptedmorals wrote: »

This one is to increase the safety features and make fakes more obvious. They are the most common counterfeit note, because nobody checks them.

Incorrect. 77% of forged euro notes are either €20 or €50 notes.

irishgeo

lets hope made of stronger paper, i kept ripping the old 5 euro notes, I ended once with 3 of the same half of the 5 euro note.

admiralofthefleet

should be a coin, the note is worth feck all

Fromthetrees

NiallSparky wrote: »

Incorrect. 77% of forged euro notes are either €20 or €50 notes.

Practically no place will accept more than a 50 as well including bookies, they only accept and pay out in 50's.

5 is too little and 100 is too much to get away with a fake, 20 and 50 is the sweet spot.

TeddyTedson

I guess that 5euro coin is never going to happen now.
If only there was no EU finance crisis...

Antar Bolaeisk

Hopefully the new one doesn't immediately turn to crap. €5 notes are some of the grubbiest going around.