Why is a £10 note worth more then a £5 note or for that matter any piece of paper?

Question

This really does keep me up at night

Answer 1

Because the banking system is based on a Lie.

You may not believe me right now - But I have an excellent link for you. Seen as you say it keeps you up at night, read this tonight. I think you'll find it interesting.

It will answer your question, and more

Peace n Luv

Answer 2

the vaule of a ten pound note

this goes back to the days when every coin was forgered by special royal coin makers, basically the note is a promise of the bank of a given country to up hold the vaule on the face of the note read the note carefully in england it says something about HM's promises that the holder will recive the vaule of .....

The first Bank of England £5 note was issued in 1793 in response to the need for smaller denomination banknotes to replace gold coin during the French Revolutionary Wars (previously the smallest note issued had been £10). The 1793 design, latterly known as the "White Fiver" (black printing on white paper), remained in circulation essentially unchanged until 1957 when the multicoloured (although predominantly dark blue) "Series B" note, depicting the helmeted Britannia was introduced. This note was replaced in turn in 1963 by the "Series C" £5 note which for the first time introduced the portrait of the monarch, Queen Elizabeth II, to the £5 note (the Queen's portrait having first appeared on the Series C ten shilling and one pound notes issued in 1960). In 1971 the "Series D" pictorial £5 note was issued, showing a slightly older portrait of the Queen and a battle scene featuring the Duke of Wellington on the reverse. On 7 June 1990 the "Series E" £5 note, by now the smallest denomination issued by the Bank, was issued. The Series E note (known as the "Historical Series") changed the colour of the denomination to a turquoise blue, and incorporated design elements to make photocopying and computer reproduction of the notes more difficult. Initially the reverse of the Series E £5 note featured the railway engineer George Stephenson, but on 21 May 2002 a new Series E note was produced featuring the prison reformer Elizabeth Fry. The initial printing of several million Stephenson notes was destroyed when it was noticed that the wrong year for his death had been printed. The original issue of the Fry banknote was withdrawn after it was found the ink on the serial number could be rubbed off the surface of the note. The Stephenson £5 note was withdrawn as legal tender from 21 October 2003, at which time it formed around 54 million of the 211 million £5 notes in circulation.

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£10

A £10 Bank of England note.The first ten pound note was issued in 1759, when the Seven Years War caused severe gold shortages. Following the withdrawal of the denomination after the Second World War, it was not reintroduced until the Series C design of the mid 1960s produced the brown ten pound note. The Series D pictorial note appeared in the early 1970s, featuring nurse Florence Nightingale (1820-1910) on the reverse, plus a scene showing her work at the army hospital in Scutari during the Crimean War. This note was subsequently replaced in the early 1990s by the Series E note, where the predominant colour was changed from brown to orange. The reverse of the first Series E £10 featured Charles Dickens and a scene from the Pickwick Papers (this note was withdrawn from circulation in July 2003), while a second Series E note was issued in 2000 featuring Charles Darwin, the HMS Beagle, a hummingbird, and flowers under a magnifying glass, illustrating the Origin of Species.

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£20

A £20 Bank of England note.After the Second World War, the £20 denomination did not reappear until Series D in the early 1970s. The predominant colour of this denomination is purple. The reverse of the Series D £20 features a statue of William Shakespeare and the balcony scene from Romeo and Juliet. In 1992 this note was replaced by the first Series E note, featuring the physicist Michael Faraday and the Royal Institution lectures. By 1999 this note had been extensively copied, and therefore it became the first denomination to be replaced by a second Series E design, featuring a bolder denomination figure at the top left of the obverse side, and a reverse side featuring the composer Sir Edward Elgar and Worcester Cathedral.

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£50
The fifty pound denomination, much beloved of second hand car and antique dealers, did not reappear until 1981 when a Series D design was issued featuring the architect Christopher Wren and the plan of Saint Paul's Cathedral on the reverse of this large note. In 1990 this denomination saw the start of the Series E issue, when the Bank commemorated its own impending tercentenary by putting its first governor, Sir John Houblon on the reverse.

Answer 3

because 10 is greater than 5 ,so it makes it more worthy than the 5, ,think of the money paper,

as being a unique paper that , without this paper you cant get your favourite shoes, foods ,watch a film ,

if you saw it on the floor a 10 note and a plain paper next to each other, you would go for the 10 pound note paper because you know it is valuble and not throwable and forgetable as a normal paper. HOPE THAT help.

Answer 4

Because, by experience, you can be certain that you can use the 10 note to buy twice as much as you could buy with the 5 note. This is just because of the common faith that everybody has in the value assigned to the paper by the government, nothing more (no intrinsic difference).

Answer 5

The infinite gullibility of the public..or to quote P.T. Barnum (apparently the patron saint of modern economics) "there's a sucker born every minute."

At one time, bank notes were "demand notes" (aka "silver certificates or gold certificates). If you produced a bank note and demanded payment in specie -- silver or gold -- the issuer was bound to pay up.

Over time, governments gave up the idea of convertible notes, and instead the note was supposed to represent some real fraction of the GDP.

That quaint idea was also abandoned. And governments continue to issue money essentially on their own credit. Or, in other words, or naive belief that somehow in some way, the piece of paper is worth something.

Answer 6

Because the value of the note has nothing to do with the physical value of its material.

Consider a note as being a cheque made out by the government.

If you wrote out a cheque for £1 million and another for £1.00 the actual material cost is the same, baring a little extra ink, Are you saying that you would consider both cheques have the same value?

Answer 7

It is the writing on it that counts, it is a promisory, or a promise to pay the bearer of the paper £10.00, or £5.00. The promise is signed by the chief of the bank of England.
Originally people used to carry silver around, but it is damn heavy, so the first pound notes were a promise to giver the bearer 1 pound in weight of silver. You took the paper to the bank, and they gave you the silver in exchange.

Answer 8

because those specific notes are printed in limited amounts compared to other papers, and are backed by "real", or substantial money, such as coins...if you go to a bank and give them a $10 not, they'd give you $10 in coins, not so with other paper...they're an easier, lighter way to carry around money...having the note means you are entitled to $10, even if the paper itself isn't worth $10...sort of like a check..

Answer 9

Well, a £20 note's worth twice as much!

Answer 10

well i have a 5 pound note from the first world war,
and its more worth than a ten pound note from today!