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This happened two years ago.
Visited England on vacation. I had with me a wad of a wad of 5+ year old British currency that I was eager to spend. When I arrived, I was told that the old currency was no longer valid. The country had switched from paper to plastic. I could exchange the old notes only by visiting the main Bank of England building in downtown London.
So I make the trip to central London and visit the Bank of England building. Wait for hours, and finally get the counter where the bank goblins take my old currency and my passport and forms and exchange the old notes for new notes. They ask how I'd like the new cash, so I tell them I'd like some 20-pound notes and the rest in 50-pound notes (they don't have 100-pound notes).
The next day, am out shopping and tender a 50-pound note for payment. I discover that nobody in England accepts the 50-pound note. Apparently there's a counterfeiting problem. So, I have to use a credit card everywhere, and am still stuck carrying around the British cash I thought I could finally spend, but can only carry around.
I'm told that the only place you can exchange the 50-pound notes for smaller notes is the Post Office. I try a couple of branches and am turned away, because the service apparently is for locals not for foreigners. Finally make another trip to the Bank of England and exchanged all the 50-pound notes for 10-pound notes. It's at the end of my trip, so I don't spend any of it.
Now am back in the USA with a wad of 10-pound notes, and am not sure when my next trip to the UK will be when I can spend that.
tl;dr - visited London, got £50 notes, found out that nobody in the country accepts £50 notes.
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