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This submission claims that "traditional banknotes which are based on special and expensive paper suffer from poor tear properties and they have limited life",
by ccooffee 4y ago
This submission claims that "traditional banknotes which are based on special and expensive paper suffer from poor tear properties and they have limited life", and touts tallow-dependent plastics as a solution.
US currency is made of a cotton-linen blend, so (pedantically) it is not paper. Per US Currency Education Program [1], "it would take 4000 double folds, forwards and backwards, to tear a banknote". Is this insufficient for UK uses? In my wallet I currently have a couple hundred in US currency from years 2003 to 2014. None of them are falling apart. (The US Federal Reserve [2] estimates that US currency lasts between 4.7 and 22.9 years, depending on denomination.)
Given the societal shift to digital payments, cards, etc, is the UK hoping to create banknotes that last until the end of time or something? (If so, plastics are probably a great choice. But I'm guessing that indestructible bills will eventually become quite economical to counterfeit, so you'll still want to cycle through security measures every few years.)
[1] https://www.uscurrency.gov/about-us/currency-facts https://www.uscurrency.gov/about-us/currency-facts
[2] https://www.federalreserve.gov/faqs/how-long-is-the-life-span-of-us-paper-money.htm https://www.federalreserve.gov/faqs/how-long-is-the-life-spa...
- kwhitefoot 4y ago> US currency is made of a cotton-linen blend, so (pedantically) it is not paper Perhaps it isn't paper in the US but rag paper is quite definitely paper in the UK.
- Tagbert 4y agoRag paper is paper in the US, too.
- phphphphp 4y agoThey say “paper” but it was a cotton blend much like USD. They’re shit talking old notes because it’s good for business. I haven’t touched cash in a while but I don’t recall any meaningful difference in the durability of “paper” GBP and USD. Edit: the additional context for this article is at the time the notes were released, there was a lot of anger when people discovered the notes contained animal products.
- eckesicle 4y agoThere's £2Bn worth of fivers in circulation. A note weighs 0.7grams and contains less than 0.05% tallow. That means that between one and three cows supplied the tallow necessary to produce the entire monetary supply of the country. This anger seems somewhat misguided considering the number of animals that are butchered for food in the UK every day.
- smegger001 4y agounless your a hindu.
- BlueTemplar 4y agoThis being the UK, sheep is more likely ?
- cameronh90 4y agoThe polymer ones always look pristine, which is nice, and they're fairly difficult to tear.. however as soon as you do manage to get a nick in them, they tear right the way across almost immediately. I suspect most notes end up being replaced mainly because they get tatty rather than being torn, though, and I would bet a high denomination that by that metric, polymer notes last far longer.
- porknubbins 4y agoPolymer notes would be yet another vector for plastics in our bodies and environment though. Especially for store clerks who already get a measurable amount of exposure from plastic receipts.
- londons_explore 4y agoOld UK banknotes, made of 'paper', had no real durability issue. I think the key benefit of polymer notes is the opportunity for far more security features. Holograms, Prismatic effects, braille printing, variable transparency, etc. Also, they're probably cheaper, considering most of Europe uses polymer notes too. The UK had issues with banknote forgery, so a change over to a new base material makes a good clean cutoff to say "no paper notes are valid anymore", which cuts off forgers too. The US also has major note forgery issues, but to my knowledge they have never taken serious action against fake notes. If they did, they would probably switch to polymer too.
- chrisco255 4y agoThe United States created the Secret Service in 1865 to combat forgery: https://en.wikipedia.org//wiki/United_States_Secret_Service https://en.wikipedia.org//wiki/United_States_Secret_Service And the currency itself has numerous security features to detect counterfeits: https://carnation-inc.com/blogs/money-handling-blog/100-bill-security-features https://carnation-inc.com/blogs/money-handling-blog/100-bill...
- KptMarchewa 4y agoFor a 100$ bill, rest of them, as your article says, is way less advanced.
- bengale 4y agoCuts off tax dodgers too. I have heard of people that had a lot of problems when the notes changed over because they had tens of thousands of old notes from cash in hand work over the years that hadn't been declared.
- rsynnott 4y agoEven more pedantically, paper made from cotton and linen is paper by most definitions. Wood pulp paper is by far the most common these days, but that's surprisingly recent (mid-19th century). Before that it was mostly cotton, linen and hemp.
- wincy 4y agoYou can also still buy cotton resume paper, although with how digital things are these days I’m not sure how useful it would be unless you really want that Target job.
- schwartzworld 4y agoWatercolor paper is typically 100% cotton
- selimthegrim 4y agoUsually it is used for PhD theses too except almost all of those are on ProQuest now these days
- retrac 4y ago> that's surprisingly recent Cellulose in wood is contained in a block of wood, not like the easily accessed strands of cellulose in cotton. It's mixed together with lignin and other components in wood. It is possible to make a weak, brittle kind of paper with straight wood pulp that's mashed and cooked and pressed. Mixing in a little sawdust to rag paper is an old practice. But properly freeing the cellulose requires both extensive mechanical shredding and chemical treatments. As far as 19th century technologies goes it's underappreciated. From what I can piece together, around 1800 in England, a labourer's daily wages would buy a few dozen sheets of paper. By 1900, they could buy literally reams and reams of the stuff.
- ccooffee 4y agoOh, neat! I was repeating a thing I'd heard, but is apparently misleading. According to a few sources I've found, paper is the name for anything primarily made of tangled cellulose fibers, which can be harvested from many different plant products. The more restrictive "definition", which I had been alluding to, considers only cellulose fibers derived from wood pulp as "true" paper. Papyrus, the ancient Egyptian writing surface, is not considered paper because the raw material is not processed to remove most non-cellulose contents. Other non-paper writing surfaces throughout history include: vellum/parchment (made from prepared animal skins), clay, animal bones, bamboo and wooden slips, silk, leaves, bark, and I'm sure dozens of others. I found this wikipedia page to be a good jumping off point for this knowledge: https://en.wikipedia.org/wiki/Writing_material https://en.wikipedia.org/wiki/Writing_material
- ac29 4y ago> In my wallet I currently have a couple hundred in US currency from years 2003 to 2014 Confusingly enough the year on US Bank Notes is not when they were printed. For example, the current series is "2017A", which started being printed in 2019.
- aaron695 4y ago[dead]
- citrin_ru 4y ago> "it would take 4000 double folds, forwards and backwards, to tear a banknote". Is this insufficient for UK uses? When I was in the US I've often was given heavy worn out banknotes sometimes with tears. Haven't seen so many badly damaged pounds so may be dollars can benefit from more durable material too.
- shadowofneptune 4y agoThe issue is that the one-dollar bill is still being printed. Decades of inflation has made dollar bills much more common, which means they come out of pockets more, which means they wear faster. I expect once the penny finally goes out of use, dollar bills will as well, and you'll see a lot more dollar coins.
- wildzzz 4y agoI feel like the US would just switch to more durable polymer bills than try the dollar coin thing again. I only ever get them in vending machines. They are much heavier than a bill so transport costs are higher and many people don't like carrying coins around anyway. Plus, at the point where a dollar bill costs too much to produce, we'd be in a near cashless society so small denominations wouldn't make much sense.
- stronglikedan 4y agoUS notes also have iron in them, and will bend towards a very strong magnet.