Posts Tagged ‘Bank of England’
Who would you like to see on the new polymer £50 note?
This weekend, the Bank of England confirmed that the £50 note will remain part of UK currency and a new batch will be issued after the £20 note in 2020 following a public nomination process to select potential characters to appear on it.
In keeping with the new £5 and £10 polymer notes, the £50 will also be printed on thin, flexible plastic polymer material, making them cleaner, safer and stronger.
In September 2016, the first polymer £5 note featuring Winston Churchill entered circulation in the UK. Its success lead to the Jane Austen £10 polymer note being released the following year and plans for the first polymer £20 note featuring artist JMW Turner to be issued in 2020. It will be down to the public to decide who should appear on the new £50 notes, so who would you nominate?
£20 concept image. Credit: Bank of England.
The £50 note was first introduced in 1981 and there are now 330 million in circulation, totalling a combined value of £16.5 billion!
Recently there have been fears that £50 notes are being used for criminal activity such as tax evasion and are rarely used for standard purchases. However, the Treasury has said that this new batch of polymer notes has been designed to be more secure and harder to forge, meaning that they are here to stay.
2011 £50 note. Credit: Bank of England.
They will also be more durable and environmentally friendly than their predecessors, lasting roughly 2.5 times longer than paper notes.
Sarah John, the Bank’s Chief Cashier, said: “I’m very excited to be starting the process of introducing a new £50 note. At the Bank, we are committed to providing the public with high quality notes they can use with confidence. Moving the £50 note onto polymer is an important next step to ensure that we can continue to do that.”
What are your thoughts on the £50 note and who would you like to see feature on the next polymer batch? Let us know in the comments below!
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A new Polymer Jane Austen £10 note has sold for £3,600!
On the day the new Polymer £10 note was released, we published a blog detailing which of the new Polymer Jane Austen £10 notes you should all be looking out for.
We predicted that notes which feature key Jane Austen dates, such as the year of her birth and death, will prove to be very popular with collectors…and it seems that we were right!
A Polymer £10 note with serial number AH17 75 (the year of Jane Austen’s birth) has sold on eBay for a whopping £3,600 – 360 times face value!
A Polymer Jane Austen has sold for £3,600
As expected, notes whose serial number starts with AA (the first off the press) are also proving very popular; AA01 notes have sold for between £40-£70 on the auction site.
AK47 notes are also catching the eye of collectors with these selling for between £20 – £40.
Bank of England Charity Auction
On the 6th October, Spink and Son auctioneers will be selling some of the very lowest serial numbered Polymer £10 notes on behalf of the Bank of England. All money raised from the sale will be donated to three charities: Candleighters, Haven House Children’s Hospice and Macmillan Cancer Support.
In total they are 137 lots with the lowest serial numbered note AA01 000010 estimated to fetch between £2,000 – £3,000. The highest serial number in the auction is AA01 002016 which is expected to be sold for between £200 – £300.
The lowest serial numbered note is expected to be sold for between £2,000 – £3,000
There is also a sheet of 54 £10 notes available to bid on and this could reach between £4,500 -£6,500!
Here’s where you can find the new Jane Austen Polymer £10 note…
LEEDS
HSBC: 33 Park Row, LS1 1LD
YORKSHIRE BANK: 94-96 Briggate, LS1 6NP
CARDTRONICS: Rawdon Newsagents, 11 Harrogate Road, LS19 6HW
LIVERPOOL
SANTANDER: 45 Lord Street, L2 6PB
NEWCASTLE
SANTANDER: 112-118 Northumberland Street, NE1 7DG
BIRMINGHAM
HSBC: 130 New Street, B2 4JU
NATWEST: Grand Central, B2 4BF
LLOYDS: 36-38 New Street, B2 4EG
BARCLAYS: 79-84 High Street, B4 7TE
MANCHESTER
NOTE MACHINE: Lowry Outlet Mall, The Quays, Salford, M50 3AP
NATWEST: 1 Spinningfields, M3 3AP
BARCLAYS: 17 St Ann’s Square, M2 7PW
LONDON
NOTE MACHINE: Barry’s Food and Wine, 149 Hoxton Street, N1 6PJ
SANTANDER: 48-54 Moorgate, EC2R 6EJ & 164-167 Tottenham Court Road, W1T 7JE & 2 Triton Square, Regents Place, NW1 3AN
POST OFFICE: 26/28 The Broadway, E15 4QS
BARCLAYS: 46-48 Regent Street, Piccadilly, W18 5RA
HSBC: 165 Fleet Street, EC4A 2DY
NATIONWIDE: 1 Threadneedle Street, EC2r 8BP
NATWEST: 10 Southwark Street, SE1 1TJ
LLOYDS: 33 Old Broad Street, EC2N 1HZ
BASINGSTOKE
NATWEST: 3 London Street, RG21 7NS
WINCHESTER
SANTANDER: 119 High Street, SO23 9AS
NATWEST: 105 High Street, SO23 9AW
BATH
NOTE MACHINE : Eurochange Bath, 6 Southgate Street
HSBC: 45 Milsom Street, BA1 1DU
NATWEST: 15-17 High Street, BA1 5AH
CARDIFF
LLOYDS: 31 Queens Street, CF10 2AG
SWINDON
NATIONWIDE: Nationwide House, Pipers Way, SN3 1TX