New €5 note coming

Capt'n Midnight · 11-01-2013 06:31PM

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 · 11-01-2013 06:31PM

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 · 11-01-2013 06:37PM

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 · 11-01-2013 06:42PM

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 · 11-01-2013 06:49PM

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 · 11-01-2013 06:50PM

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 · 11-01-2013 06:57PM

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 · 11-01-2013 07:00PM

3DataModem wrote: »

You see the big notes if you hang around gamblers.

So bookies have lots of them!!!

Difference Engine · 11-01-2013 07:10PM

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 · 11-01-2013 07:38PM

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

Recluse · 11-01-2013 07:43PM

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 · 11-01-2013 07:48PM

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 · 11-01-2013 07:54PM

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

jessiejam · 11-01-2013 07:57PM

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 · 11-01-2013 07:59PM

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 · 11-01-2013 07:59PM

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 · 11-01-2013 08:00PM

should be a coin, the note is worth feck all

Fromthetrees · 11-01-2013 08:18PM

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 · 11-01-2013 08:21PM

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

Antar Bolaeisk · 11-01-2013 08:37PM

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

languagenerd · 11-01-2013 10:49PM

Well, it looks like they've got rid of the one thing I always use to check notes (the little raised rectangle on the top right). Great(!).

I know they've replaced it with other raised text, but now I'll be scratching the wrong part of the note for the foreseeable future

Soby · 11-01-2013 10:52PM

new security features ?? , on a fiver , what retards make fake fivers ? , no profit to be made

Fluorescence · 12-01-2013 01:23AM

Soby wrote: »

new security features ?? , on a fiver , what retards make fake fivers ? , no profit to be made

Nobody ever checks fivers. Genius. You could make a fake with a tissue paper and a green marker :P

ThreeLineWhip · 12-01-2013 01:40AM

So when are these new fivers appearing?

falan · 12-01-2013 01:52AM

I can remember labouring in about 2003 and getting paid cash. We were often paid in 100 euro notes. I can't remember ever having a problem paying for stuff back then.
A lot of shops in England refuse to take £50 notes..

Cienciano · 12-01-2013 01:57AM

AnonoBoy wrote: »

Are they going to finally put them back into ATMs?

One of the joys of going to the continent is going to an ATM, taking out €100, and getting a 50, 2x20 and a 10. :pac:
In ireland they just load a stack of 50's into the thing

Capt'n Midnight · 12-01-2013 02:00AM

admiralofthefleet wrote: »

should be a coin, the note is worth feck all

It works the other way around.

If it's a coin then the price of a cup of coffee and other such stuff will rise to that level.

People don't like breaking notes / notice prices more if they have to have over a note than coins.

Remember when the Euro came in and all the services rounded up their prices to the next fiver ?

Anyway does anyone know if these will have RFID so we can be tracked :pac:

The Idyl Race · 14-01-2013 12:49AM

LivelineDipso wrote: »

Shove it up your hole ECB.

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

Tell you what, if you really are all keen on the auld punt why not chuck all your nasty euros into my swiss bank account? Especially before we get booted out of the Euro and the value of the new Punt falls like the One Ring into the Crack of Doom in Mordor.

New €5 note coming

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