500 Euro Note

CrowdedHouse · 23-12-2011 10:15PM

I'm pretty sure I heard on the radio lately that Irish printed €500 notes are worth more - they're collectable seemingly

44leto · 23-12-2011 10:17PM

The Great Chinholio wrote: »

Small & redish 10 or big & green 100.
No matter how twisted I dont see anyone making that mistake

Believe me he did, he is just one of those guys, I once met him in the pavilion and helped him look for his car for half an hour. He forgot were he parked it.

AdMMM · 23-12-2011 10:18PM

I went into Burger King the other morning to get some breakfast and was asked did I have anything smaller when I tried to pay with a €10 note! Ended up offering to use my laser card for some bizarre reason.

I'd understand if a shop wouldn't accept a €500 where the purchase was far below that and they didn't have much change but for anything over €50 I don't know why they wouldn't want to accept it... most shops would have more than 8 €50 notes in their till at once, especially at this time of year!

44leto · 23-12-2011 10:19PM

CrowdedHouse wrote: »

I'm pretty sure I heard on the radio lately that Irish printed €500 notes are worth more - they're collectable seemingly

Gulp

I just simply would never be able to keep it.

But I heard that to on Moncrief.

Sunnyisland · 23-12-2011 10:21PM

AdM wrote: »

I went into Burger King the other morning to get some breakfast and was asked did I have anything smaller when I tried to pay with a €10 note! Ended up offering to use my laser card for some bizarre reason.

I'd understand if a shop wouldn't accept a €500 where the purchase was far below that and they didn't have much change but for anything over €50 I don't know why they wouldn't want to accept it... most shops would have more than 8 €50 notes in their till at once, especially at this time of year!

Exactly, Two 200 euro gift vouchers and nope wouldn't except it,also tried river island in buying some clothes and no deal there either.

Karen23 · 23-12-2011 10:22PM

We got a €500 note in a wedding card and nowhere would accept it , even the bank wouldn't change but they let us lodge it into our account

Corruptedmorals · 23-12-2011 10:22PM

Dunnes would have taken it, clearly you didn't try hard enough. I've worked there for years (not that exact one, two others) and we have to take them. They are always presented by foreigners early in the morning and require going to the safe because the till can barely make change for a €50. They're so surprisingly big. €100's and €200's are far more common. When I worked in town I'd get a €500 every few months.

Reasons why people won't take them are obvious.

- Such a fraud risk. Not just because it's a such a high-value note in itself but also because of their dodgy associations. You can check them with a pen but staff are going to be unfamiliar with them and some notes pass the pen test but are still fake. Staff are not going to know because it looks or feels different to all of the other €500's they encounter- ie. barely any.
- Not enough change- and time taken to get change. At Christmas it's much busier but the tills are emptied periodically. It's a hassle basically, which wouldn't be enough by itself, but is when coupled with number one above.

Sunnyisland · 23-12-2011 10:29PM

Corrupted Morals wrote: »

Dunnes would have taken it, clearly you didn't try hard enough. I've worked there for years (not that exact one, two others) and we have to take them. They are always presented by foreigners early in the morning and require going to the safe because the till can barely make change for a €50. They're so surprisingly big. €100's and €200's are far more common. When I worked in town I'd get a €500 every few months.

Reasons why people won't take them are obvious.

- Such a fraud risk. Not just because it's a such a high-value note in itself but also because of their dodgy associations. You can check them with a pen but staff are going to be unfamiliar with them and some notes pass the pen test but are still fake. Staff are not going to know because it looks or feels different to all of the other €500's they encounter- ie. barely any.
- Not enough change- and time taken to get change. At Christmas it's much busier but the tills are emptied periodically. It's a hassle basically, which wouldn't be enough by itself, but is when coupled with number one above.

Wasn't going into Dunnes place was packed & of course I didn't try to much as I didn't thing it would be such an issue in such a big place, At the end of the day its no big deal for me and there loss of business.:)

Karen23 · 23-12-2011 10:34PM

It's very hard to change 50 pound sterling in England. We changed our euros before we went and there was a few 50 pound notes in it and everytime we handed one in anywhere the cashier had to call a manager and get approval before accepting it. I dont think 50 pound notes are used much over there cos everyone kept looking at us when they seen us handing them in. Seems very strange.

sea_monkey · 23-12-2011 10:35PM

why are they so quick to accept 50 euro notes if they dont accept anything over 50 euro?

then the 50s cant be used for change and will just sit there.

John Doe1 · 23-12-2011 10:38PM

Tell me about it mate, i was in a shop yesterday and they rejected my 750 euro note. Its damn racism:mad:

antodeco · 23-12-2011 10:49PM

realies wrote: »

As of October 2011, there were approximately 594,833,600 €500 banknotes in circulation around the Eurozone, therefore it is the second-least circulated banknote in the Eurozone. That is approximately €297,416,801,500 worth of €500 banknotes. The European Central Bank closely monitors the stock and circulation of euro notes and coins. It is the Eurosystem’s task to ensure an efficient and smooth supply of euro notes and to maintain their integrity.

Whats the first ?

I'm assuming the €250?

ch750536 · 23-12-2011 10:50PM

maglite wrote: »

They dont have to accept it as there is no contact until they agree to the sale.

They could however take it and legally not have to provide you with change, should you prefer.

Following:
Thats €100
<person hands over €500 note>
Thankyou, come again.
Can I have my change please.
Change? You offered me the €500 which I accepted. Thankyou, come again.

I beleive the above is true. You only have to insinuate that you expect change in the transaction to change the legal status of it.

Wetai · 23-12-2011 10:52PM

realies wrote: »

As of October 2011, there were approximately 594,833,600 €500 banknotes in circulation around the Eurozone, therefore it is the second-least circulated banknote in the Eurozone. That is approximately €297,416,801,500 worth of €500 banknotes. The European Central Bank closely monitors the stock and circulation of euro notes and coins. It is the Eurosystem’s task to ensure an efficient and smooth supply of euro notes and to maintain their integrity.

Whats the first ?

Probably 20 - supposedly the most laundered/used in criminal activities.

ch750536 · 23-12-2011 10:52PM

antodeco wrote: »

I'm assuming the €250?

I'm assuming the IOU

DB21 · 23-12-2011 10:52PM

realies wrote: »

As of October 2011, there were approximately 594,833,600 €500 banknotes in circulation around the Eurozone, therefore it is the second-least circulated banknote in the Eurozone. That is approximately €297,416,801,500 worth of €500 banknotes. The European Central Bank closely monitors the stock and circulation of euro notes and coins. It is the Eurosystem’s task to ensure an efficient and smooth supply of euro notes and to maintain their integrity.

Whats the first ?

€200

Source: http://www.ecb.int/stats/euro/circulation/html/index.en.html

JohnMearsheimer · 23-12-2011 11:10PM

I've seen a few €100 notes, saw a €200 note once and I've never seen a €500. I only saw the old £100 pound note once before we ditched the £ for the € when I was 18.

Wertz · 23-12-2011 11:10PM

Yeah seen and possesed all the rest but never laid eyes on a €200.

I swapped my last two 500s for sterling there a few weeks back, had them for a few years now... bank teller never raised an eyelid and I was presented with a bunch of sterling 50's which no northern shop staff have batted an eyelid at either.
It's only money; the security features are nigh impossible to replicate...the braille feature on the euros combined with the hologram and double sided watermark.

Mate of mine years back was trying to buy his son a PS3 with one...380 odd quid and the eejits in the shop wouldn't take it. He had to go down the street to the bookies to break it :rolleyes:

mattock · 23-12-2011 11:30PM

If you had one of these €500 notes who would buy it,? most coin collectors I know wouldnt have anymore than €100 float in the till or there pocket.

Fukuyama · 23-12-2011 11:34PM

I work in a retail job where I'm left alone for much of the day - as in the only staff member in the shop.

I **** a brick about accepting a 100 euro note, let alone a 500 with no manager to back me up or split the risk if it was fake!

Just go to a bank and have it broken up.

It's fairly common knowledge that anything over 50 is hard to shift in this country (Theres a sentence I thought I'd never say...eww).

As for the legal tender argument - pfft. Number one, you'd never sue. Number two, it's so often misquoted it's insane. It only applies to existing debts and any amount can be refused if the cashier wont have the change, has suspicious about the note, cant validate it or (in the real world) simply doesnt want to take it.

Go to a bank - you rich fecker!

ProudDUB · 23-12-2011 11:42PM

stovelid wrote: »

It was 500 quid. You'd swear it was 5 million the way some of you are going on.

Yep. Found myself with 500 quid or so in my pocket on a Friday evening after I returned a few things to a shop, and was paid by 8 friends (in cash) for concert tix that I had put on my credit card for us all. Was planning on putting it in the bank. Was stunned come Monday morning to see how little of it I had left. All I did was top up my mobile phone, buy a pair of boots in Dunnes, pay my ESB bill, do a grocery shop and have dinner out on Sat night. When you normally pay for things in plastic & you are not seeing your wad of money get physically smaller and smaller, its easy to forget how little 500 quid really is these days.

Have only been living back in Ireland for the past 8 months. Have not seen a 100 euro note, never mind a 500 euro one. Not once. Am not surprised that businesses will not take them. A lot of businesses in the US have signs at their cash registers saying that they will take no notes bigger than $50. This is due to cashiers inexperience in how they look and feel.

zimmermania · 24-12-2011 12:03AM

I had a few 500 notes and i found it was better to change them in a bank,i still have one left.About 7 years ago i was in Lanzarote for christmas and the new year,i tried after a few days to pay for drinks with a 200 euro note in the hotel in which we were staying.The barman said he was not allowed to accept it.Iwent to reception and spoke to the acting manager,he pointed out that it was hotel policy not to accept them.You can imagine his face when i informed him i would be paying the bill for our 11 day stay with 200 euro notes.He was very uneasy until i pointed out that i would be happy to pay the bill halfway through our stay.He then instructed the receptionist to change my 200 euro note and i had no more problems until the morning before checkout day i received a note in the room asking me to settle the bill before lunch.I paid that day and i felt it was a reasonable request.

Spread · 24-12-2011 12:57AM

Bought a second hand notepad off Dawn Computers about 7 years ago. Cost €500 and tendered a €500 note. He said it was the first one that he had seen but he took it no bother. (Bought a new 15" Dell a few weeks ago for $429 - deflation or wha?)

The J Stands for Jay · 24-12-2011 01:50AM

cson wrote: »

WindSock wrote: »

Probably didn't have enough change to give, or it was only printed on one side, or maybe it's the fact that THEY DON'T EVEN PRINT €500 NOTES!!!

O rly?

http://www.typicallyspanish.com/spain/uploads/2/500euronotes_1.jpg

OP ignore the peasants and simply flash ones Visa Gold in future.

Visa gold? I simply couldn't mingle with the type of ruffian who doesn't have a platinum visa

somefeen · 24-12-2011 01:59AM

They wont give them out if you covnert sterling to euro in the UK because they're so small drug dealers where converting their money to 500 euro notes for transport.
Probably the same here now

Coriolanus · 24-12-2011 02:13AM

realies wrote: »

As of October 2011, there were approximately 594,833,600 €500 banknotes in circulation around the Eurozone, therefore it is the second-least circulated banknote in the Eurozone. That is approximately €297,416,801,500 worth of €500 banknotes. The European Central Bank closely monitors the stock and circulation of euro notes and coins. It is the Eurosystem’s task to ensure an efficient and smooth supply of euro notes and to maintain their integrity.

Whats the first ?

200 I'd say. I've never gotten a single one at work. Get a few 100s every week and once in a blue moon a 500, never a 200 though.

Hank_Jones · 24-12-2011 02:27AM

Apparently money doesn't buy common sense...

K-9 · 24-12-2011 02:37AM

FueledByAisling wrote: »

Loads of shops won't accept 500 notes, and from past experience in retail you'd be surprised by the number of people who have more than 1 €500 in their wallet. The main reason they don't accept it is due to the fact you'd most likely empty out the till trying to give all their change back

True, if it's early in the morning they probably haven't got a lot of 50's or even 100's to give back.

My local shop would change mine but it would have been the afternoon. They are a rare sight, even 100's are rare now. I assume less demand for them so just not in circulation as much.

I remember when a £50 note was a big deal. *Fills pipe.

AgileMyth · 24-12-2011 02:38AM

Nevore wrote: »

200 I'd say. I've never gotten a single one at work. Get a few 100s every week and once in a blue moon a 500, never a 200 though.

Same as that.
I think there was some form of scam involving the 200's when they came out first and places became wary of accepting them.

Del2005 · 24-12-2011 02:45AM

Karen23 wrote: »

It's very hard to change 50 pound sterling in England. We changed our euros before we went and there was a few 50 pound notes in it and everytime we handed one in anywhere the cashier had to call a manager and get approval before accepting it. I dont think 50 pound notes are used much over there cos everyone kept looking at us when they seen us handing them in. Seems very strange.

Try spending NI or Scottish Sterling in England. It would be like us not taking German Euro.

500 Euro Note

Comments