"James Farrar" wrote in message
...

Todays 5p IMHO clashes with the lower threshold where coins are too
small to be convenient to handle.

They're almost impossible to pick up when dropped on a hard floor
without long fingernails. I've taken to hoarding them, along with
pennies and tuppences, and exchanging them at the bank when I have a
bagful.

Is there any estimate on how much in coins people are hoarding?

"Peter Masson" wrote in message
...

"Stephen Allcroft" wrote

Neither dependent nor colonised but we in Scotland still have pound
notes (issued by private banks).

Only the Royal Bank of Scotland still issues one pound notes, though all
three Scottish banks issue GBP100 notes, which is more than the Bank of
England does. The Scottish banks have to have their banknotes backed by
Bank
of England notes, and for this purpose the Bank of England has issued
notes
for GBP1 million and GBP100 million.
http://www.bankofengland.co.uk/bankn...ther_notes.htm

???

The highest denomination banknote that I have ever seen issued was for
$100,000, bearing the portrait of late US president Woodrow Wilson.

But that was actually for a substantial amount. I am not counting banknotes
from Yugoslavia, for example, which had a 1 billion-dinar note, due because
of hyper inflation.

Speaking of the BoE's Website, is there a tentative schedule for when other
F series banknotes are to be introduced? I also seem to recall that there
are coins with completely different reverses for all denominations starting
from this year.

wrote in message
...
"Peter Masson" wrote
The Scottish banks have to have their banknotes backed by Bank
of England notes, and for this purpose the Bank of England has issued
notes for GBP1 million and GBP100 million.
http://www.bankofengland.co.uk/bankn...ther_notes.htm

???

The highest denomination banknote that I have ever seen issued was for
$100,000, bearing the portrait of late US president Woodrow Wilson.

But that was actually for a substantial amount. I am not counting
banknotes
from Yugoslavia, for example, which had a 1 billion-dinar note, due
because
of hyper inflation.

It's mentioned on this page.
http://www.bankofengland.co.uk/bankn...ther_notes.htm
I like the point that the GBP1 million and GBP100 million notes are 'not for
general circulation.'

Peter

In message , Peter Masson
writes

"Stephen Allcroft" wrote

Todays 5p IMHO clashes with the lower threshold where coins are too
small to be convenient to handle.

It is only slightly smaller than the pre-decimal sixpence, which was a
pretty popular coin. The silver threepence was smaller, and it was unpopular
(and not infrequently got swallowed in Christmas pudding). One of the
reasons why it was replaced with the twelve-sided brass coin was that people
wouldn't use it to pay bus fares, so bus conductors ended up with vast
quantities of pennies, to the extent that London Transport handled in the
1930s about 600 tons per year of 'copper' coins.

At infant school in 1969-70 our playtime milk break[1] biscuits cost 3d.
We were only allowed to pay for them with a single 3d coin, NOT we were
told in no uncertain terms, in three pennies, as teachers "didn't have
time to count them all"!

Could you imagine today's press angle on that?!


[1] This all seems very archaic now. ;-)
--
Ian Jelf, MITG
Birmingham, UK

Registered Blue Badge Tourist Guide for London and the Heart of England
http://www.bluebadge.demon.co.uk

On Tue, 17 Jun 2008 20:55:59 +0100, wrote:

"James Farrar" wrote in message
.. .

Todays 5p IMHO clashes with the lower threshold where coins are too
small to be convenient to handle.

They're almost impossible to pick up when dropped on a hard floor
without long fingernails. I've taken to hoarding them, along with
pennies and tuppences, and exchanging them at the bank when I have a
bagful.

Is there any estimate on how much in coins people are hoarding?

If you believe this American eco-nut, somewhere in the order of £400
million.

http://www.greenlivingtips.com/artic...vironment.html

"According to the research I was able to do, in Ireland, approximately
$60 million of coins are being hoarded. In the UK it's somewhere in
the region of three quarters of a billion dollars worth!"

Sounds reasonable. Right now I've got about £6 not counting the "in
use" ones.

"Ian Jelf" wrote in message
...

At infant school in 1969-70 our playtime milk break[1] biscuits cost 3d.
We were only allowed to pay for them with a single 3d coin, NOT we were
told in no uncertain terms, in three pennies, as teachers "didn't have
time to count them all"!

Could you imagine today's press angle on that?!


[1] This all seems very archaic now. ;-)
--

Perhaps they thought that it would be easier for the pupils to keep track of
one coin, rather than two or three?

On 18 Jun, 07:59, James Farrar wrote:
On Tue, 17 Jun 2008 20:55:59 +0100, wrote:
"James Farrar" wrote in message
.. .

Todays 5p IMHO clashes with the lower threshold where coins are too
small to be convenient to handle.

They're almost impossible to pick up when dropped on a hard floor
without long fingernails. I've taken to hoarding them, along with
pennies and tuppences, and exchanging them at the bank when I have a
bagful.

Is there any estimate on how much in coins people are hoarding?

If you believe this American eco-nut, somewhere in the order of £400
million.

http://www.greenlivingtips.com/artic...ding-and-the-e...

"According to the research I was able to do, in Ireland, approximately
$60 million of coins are being hoarded. In the UK it's somewhere in
the region of three quarters of a billion dollars worth!"

Sounds reasonable. Right now I've got about £6 not counting the "in
use" ones.

A few years ago I had got into the habit of chucking all my brown
money into a box.

I didn't know what to do with it till Sainsburys provided a machine to
count it and give you a receipt that you could take to the till for
the equivalent in sensible denominations (minus an outrageous 7%).

The problem was that I could barely pick up the money and had to put
it in a large rucksack to get it there. I got over £80 even with the
ripoff.

But it would require about 9 million people to do something similar to
add up to the three quarters of a (presumably American) billion
suggested. I am not one of them any more.

On 18 Jun, 12:58, MIG wrote:
On 18 Jun, 07:59, James Farrar wrote:





On Tue, 17 Jun 2008 20:55:59 +0100, wrote:
"James Farrar" wrote in message
.. .

Todays 5p IMHO clashes with the lower threshold where coins are too
small to be convenient to handle.

They're almost impossible to pick up when dropped on a hard floor
without long fingernails. I've taken to hoarding them, along with
pennies and tuppences, and exchanging them at the bank when I have a
bagful.

Is there any estimate on how much in coins people are hoarding?

If you believe this American eco-nut, somewhere in the order of £400
million.

http://www.greenlivingtips.com/artic...ding-and-the-e...

"According to the research I was able to do, in Ireland, approximately
$60 million of coins are being hoarded. In the UK it's somewhere in
the region of three quarters of a billion dollars worth!"

Sounds reasonable. Right now I've got about £6 not counting the "in
use" ones.

A few years ago I had got into the habit of chucking all my brown
money into a box.

I didn't know what to do with it till Sainsburys provided a machine to
count it and give you a receipt that you could take to the till for
the equivalent in sensible denominations (minus an outrageous 7%).

The problem was that I could barely pick up the money and had to put
it in a large rucksack to get it there. *I got over £80 even with the
ripoff.

But it would require about 9 million people to do something similar to
add up to the three quarters of a (presumably American) billion
suggested. *I am not one of them any more.

Oops I meant American billion (ie nine zeros instead of twelve), but
not American currency. That would make it a few less people needed.

"MIG" wrote in message
...

A few years ago I had got into the habit of chucking all my brown
money into a box.

I didn't know what to do with it till Sainsburys provided a machine to
count it and give you a receipt that you could take to the till for
the equivalent in sensible denominations (minus an outrageous 7%).

The problem was that I could barely pick up the money and had to put
it in a large rucksack to get it there. I got over £80 even with the
ripoff.

But it would require about 9 million people to do something similar to
add up to the three quarters of a (presumably American) billion
suggested. I am not one of them any more.

***

Is it not possible to take the money to bank, particularly where one might
have an account, rather than to go through one of those counting machines?

In message , at 14:35:13 on Wed, 18
Jun 2008, remarked:
Is it not possible to take the money to bank, particularly where one might
have an account, rather than to go through one of those counting machines?

Last time I did that they almost threw me out. But seeing as there
wasn't a queue they counted it and accepted it and told me not to do it
again. I think they normally require bulk change sorted, bagged and
weighed, which they can then quickly check by re-weighing.
--
Roland Perry