• Plastic banknotes could be in Britain by 2015
    53 replies, posted
[QUOTE=Kingy_ME;38865970]I wonder if you could profit buy using rounding errors.[/QUOTE] [QUOTE]BANK OF CANADA The BOC adopts the following policy: For determining the value of damaged notes where pieces are missing: ◕ If less than 20 per cent is missing: The note is regarded as unfit and full face value is paid, even if the note is otherwise worn. ◕ If between 20 per cent and 80 per cent is missing: The note is regarded as incomplete and value is paid in proportion with the percentage remaining, e.g. half face value if half the note is present, even if the note is otherwise worn. The presence or absence of specific features such as the serial number(s) or the clear window is not a factor when determining value. ◕ If more than 80 per cent is missing: No value is paid. [/QUOTE]
[QUOTE=SuPeR_MaN;38865958]I had a tenner that had a noticeable nibble taken out of the corner the other day. Who's nibbling our notes?[/QUOTE] Ninny the Note Nibbler.
[QUOTE=laserguided;38865806]I don't know about the UK, but in Canada you can get them replaced. But you can also split your money, for example $10 bill you can cut it in half you now have a bill worth $5 by law.[/QUOTE] I just looked it up and in England you have to fill out a form explaining how it was damaged and then send the cash and form by post to the Bank of England who will consider your claim
[QUOTE=matt.ant;38865490]Sounds better than paper notes going through the washer because you didn't check your pockets If it did melt, would you be able to go to the bank and change it for a good one?[/QUOTE] I had a £5 note go through the wash a couple of times and it looked no different
Notes were never paper though, they are linen?
Romania has plastic banknotes. [img]http://www.notaphila.de/WebRoot/Store5/Shops/61106782/4E14/1986/2C4D/A417/C9E8/C0A8/2981/36FB/romaniaP111a.jpg[/img] There was even one with a small transparent window, wich could be used to protect your eyes while observing the sun eclipse of 2006
This is like old as fuck here. Top paper, bottom plastic. And you can't even tear the fucking thing [img]http://www.esato.com/board/img.php?id=3436[/img]
[QUOTE=GrizzlyBear;38865172]Plastic money is a terrible idea.. would cost way more to mass produce.[/QUOTE] Considering the amount of notes that have to produced as replacements, anything that is even a tiny bit more durable will be an improvement and a cheaper improvement.
Canada here, plastic notes are the future I guess I still don't like them. Unfoldable and our $20 from a distance has the twin towers on it
[QUOTE=laserguided;38865806]I don't know about the UK, but in Canada you can get them replaced. But you can also split your money, for example $10 bill you can cut it in half you now have a bill worth $5 by law.[/QUOTE] I believe the law doesn't apply to low value bills. I think it's only $50 and up that get the halves rule.
[QUOTE=GrizzlyBear;38865172]Plastic money is a terrible idea.. would cost way more to mass produce.[/QUOTE] You realize that plastic is actually 100 times cheaper that wood, right?
I can't find any info in the article on what plastic is actually being used, does anyone know?
[QUOTE=GrizzlyBear;38865255]The reason i think its a bad idea is because of the fact oil prices are going up, maybe i worded it bit wrong by calling it a terrible idea but that's what just came to mind. I know not all plastics are made with oil, but a good amount is.[/QUOTE] hemp plastics let's gooooooooooooooooooooooo [QUOTE=Daniel Smith;38869929]You realize that plastic is actually 100 times cheaper that wood, right?[/QUOTE] Isn't currency usually made from cotton or some sort of fiber like that?
[QUOTE=Daniel Smith;38869929]You realize that plastic is actually 100 times cheaper that wood, right?[/QUOTE] [QUOTE]Plastic notes last much longer than cotton fibre-based paper ones.... However, they are considerably more expensive to produce...[/QUOTE] I always wondered what the notes where made from, it's cotton-fibre apparently.
I forgot that it was made by cotton fibre. It's new knowledge to me so I keep thinking of wood.
[QUOTE=DMGaina;38866917]Romania has plastic banknotes. [img]http://www.notaphila.de/WebRoot/Store5/Shops/61106782/4E14/1986/2C4D/A417/C9E8/C0A8/2981/36FB/romaniaP111a.jpg[/img] There was even one with a small transparent window, wich could be used to protect your eyes while observing the sun eclipse of 2006[/QUOTE] That bottom one is kickass.
[QUOTE=FluD;38865447]why not use ipad or any other tablet as money ;D[/QUOTE] I think he met something like Google Wallet, which would be great but it needs to be integrated better and everyone would need one. The government should issue a small Android-based device that has one purpose and one purpose only and that is to act as a digital wallet. The digital wallet would be linked to your bank account so using NFC, your employer or whatever could touch devices back to back and deposit money into your wallet and if necessary, you could transfer it to your bank account automatically. Sound expensive? This could literally cost $25 if done efficiently and if you lose it, they could charge more. They'd save money.
[QUOTE=IrishBandit;38871002]That bottom one is kickass.[/QUOTE] It is pretty unique. It is nice seeing stuff like that instead of boring strictly conservative art that you would normally find on money such as old buildings and people.
Aslong as it doesn't smell weird like American dollars or Australian dollars, I don't mind. Seriously when I got back from America I smelled that shit on my fingers for days.
Are euros made out of plastic? They feel quite different to "normal" money to me. Maybe not quite plastic but still feels quite different.
[QUOTE=Justin Case;38871758]Aslong as it doesn't smell weird like American dollars or Australian dollars, I don't mind. Seriously when I got back from America I smelled that shit on my fingers for days.[/QUOTE] I have an Australian 10, 20 and 50 with me right now, none of them smell like anything what are you talking about
[quote]For instance, an Australian $5 bill lasts about 40 months, against six months for a £5 note.[/quote] I'm not terribly impressed. American cotton based currency lasts considerably longer. Average 1 dollar bill clocks in at 4.8 years or 57.6 months. [url]http://www.federalreserve.gov/faqs/how-long-is-the-life-span-of-us-paper-money.htm[/url] Seems like it is a matter of using better quality cotton, not ditching it for plastics that still apparently don't last as long as the cotton.
[QUOTE=laserguided;38866013][quote]BANK OF CANADA The BOC adopts the following policy: For determining the value of damaged notes where pieces are missing: ◕ If less than 20 per cent is missing: The note is regarded as unfit and full face value is paid, even if the note is otherwise worn. ◕ If between 20 per cent and 80 per cent is missing: The note is regarded as incomplete and value is paid in proportion with the percentage remaining, e.g. half face value if half the note is present, even if the note is otherwise worn. The presence or absence of specific features such as the serial number(s) or the clear window is not a factor when determining value. ◕ If more than 80 per cent is missing: No value is paid.[/quote][/QUOTE] If you get 2 notes of $10 and you take 60% of each and trade it in for $12 and then take the other 2 40% pieces and say it was one piece. Can you get $22 back that way?
[QUOTE=DMGaina;38866917]Romania has plastic banknotes. [img]http://www.notaphila.de/WebRoot/Store5/Shops/61106782/4E14/1986/2C4D/A417/C9E8/C0A8/2981/36FB/romaniaP111a.jpg[/img] There was even one with a small transparent window, wich could be used to protect your eyes while observing the sun eclipse of 2006[/QUOTE] Spacemoney, isn't it? Also the coloring is something you would except from an LSD trip or something. :v:
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