Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. 300,000 items to help build your collection! Join Thousands of Coin, Bullion, & Money Collectors Vancouvers #1 Coin and Paper Money Dealer Specializing in Modern Numismatics Coin, Banknote and Medal Collectors's Online Mall Royal Estate Auctions - $1 Coin Auctions








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Bribery Fallout Sinks £5-Note Deal

To participate in the forum you must log in or register.
Author Previous TopicReplies: 6 / Views: 1,797Next Topic  
Pillar of the Community
Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 07/27/2011  1:58 pm Show Profile   Bookmark this topic Add Peter THOMAS to your friends list Get a Link to this Message Number of Subscribers
"THE Bank of England has cancelled a secret plan to print the £5 banknote on polymer material supplied by a Reserve Bank of Australia subsidiary as the fallout spreads from the international bribery scandal engulfing the company. ..."

more: http://www.theage.com.au/national/b...xzz1TKVCkVjo

Pillar of the Community
United Kingdom
575 Posts
 Posted 07/27/2011  4:13 pm  Show Profile   Bookmark this reply Add valdiman to your friends list Get a Link to this Reply
Id love to have polymer in my pocket.Fivers are very poor quality and falling apart in wallet.
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 07/28/2011  08:53 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I am starting to smell something slightly more fishy than the obvious bribery scandal.

Perhaps the scandal was deliberately done so that due diligence shows that it would be unwise to buy Securency. Perhaps that is the plot (now successful) to prevent Securency from being sold by NPA. Securency is a nice big fat money earner for Note Printing Australia. Ultimately, all Australians are the beneficiaries, through the Reserve Bank of Australia, which owns Note Printing Australia.

That would be like allowing the Goose that laid the Golden Egg from being stolen.

However, there is one little nasty factor which still bothers me: I am afraid the that Securency may now be seen as worth little value, and sold off for next to nothing. That would anger me intensely.

It may well worth some big fat executive loosing his job. He could be recompensed later.
Edited by sel_69l
07/28/2011 08:59 am
Pillar of the Community
Libertad's Avatar
Canada
3692 Posts
 Posted 07/28/2011  11:35 am  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Sounds like the paper men don't like this new plastic endeavor.
Pillar of the Community
Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 07/28/2011  2:48 pm  Show Profile   Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
Sel, the way our present Government thinks, every golden goose would be slaughtered as soon as they are identified.

Pillar of the Community
Bacchus2's Avatar
United Kingdom
2891 Posts
 Posted 08/06/2011  10:21 am  Show Profile   Bookmark this reply Add Bacchus2 to your friends list Get a Link to this Reply
There has only been one polymer £5 issued in the UK so far.
Pillar of the Community
JackB's Avatar
United States
1064 Posts
 Posted 08/06/2011  11:35 am  Show Profile   Bookmark this reply Add JackB to your friends list Get a Link to this Reply
Gotta be high stakes when it's worth paying a $20 million dollar bribe! Seems like another story where greed completely blinds these folks, where the casual observer would say "What were you thinking?". Answer usually turns out to be "I wasn't".
  Previous TopicReplies: 6 / Views: 1,797Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.27 seconds to rattle this change. Forums