Posts Tagged ‘banknotes’
Why the new Northern Ireland Banknote is turning heads…
Ulster Bank has recently revealed plans to print an innovative, new design for vertical banknotes which will be entering circulation in Northern Ireland next year.
This turn of events breaks the mould for UK currency, with the Bank of England first issuing banknotes in 1694 to a landscape rather than portrait alignment.
Whilst the banks of Northern Ireland have traditionally issued their own money, only once before has a note like this ever been printed in the UK, during 1999 when The Northern Bank issued a vertical polymer note to mark the millennium.
It featured an illustration of the Space Shuttle on one side and stopped being issued in 2008 when they reverted to the standard landscape paper notes, however the note can still be used today.
Northern Bank vertical polymer £5 note from 1999. Credit: polymernotes.com
Ulster Bank plans to follow in the steps of the Bank of England by replacing their current paper currency with polymer £5 and £10 notes.
However, this new design goes to the next level, not only updating the material but also changing the entire orientation of the note.
Northern Ireland’s new banknotes will be based on the theme “living in nature” with Strangford Lough in County Down and Brent Geese featuring on the £5 note and Lough Erne in County Fermanagh, the Irish hare and Guelder-rose shrubs featuring on the £10.
New vertical Northern Ireland Banknote to enter circulation next year. Credit BBC News
Switzerland’s first vertical banknotes entered circulation in 1995 and for the past two years have won the “Bank Note of the Year Award” as voted for by members of The International Bank Note Society (IBNS).
Earlier this year Canada introduced their first ever vertical banknotes, hoping to create more space for a bigger image and to set it apart from existing polymer bills. Their 10 dollar note is currently nominated for Banknote of the Year 2018.
Bermuda, Israel, Venezuela, Argentina and Cape Verde are among other countries to use vertical banknotes in their currency.
These banknotes may be easier to use at cash and vending machines and may make it clearer to see the notes in your wallet, but what are your thought on this change in design and would you like the Bank of England to follow suit? Let us know in the comments below!
Credit: theibns.org
Secure your Official Change Checker Banknote Collecting Pack!
If you’re interested, our Official Change Checker Banknote Collecting Pack is the perfect way for any change checker to start collecting decimal banknotes or display an already growing collection.
To help you start your banknote collection, this pack includes an original £1 banknote, issued more than 35 years ago, in mint uncirculated condition… absolutely FREE.
Click here to find out more about the Official Change Checker Banknote Collecting Pack >>
A history of the £10 note…
The withdrawal date for the current paper £10 note is in less than one week’s time on Thursday 1st March.
The paper ‘Series E’ note has been in circulation, in some form, for the past 26 years. So, I thought it would be interesting to take a look back at the history of the £10 note and our journey begins 259 years ago in 1759…
In a recent poll conducted on our Facebook page, 40% of you said that you still have paper £10 notes. Although you can still exchange them at the Bank of England after the cut-off date, I would suggest exchanging them before the withdrawal date.
Some retailers, banks and building societies may still accept these notes; however this is at their discretion. To save yourself any potential hassle, once you’ve added one to your collection, go and spend or swap your notes at the bank.
The Change Checker Banknote Collecting Pack
The brand new Official Change Checker Banknote Collecting Pack is the perfect way for any change checker to start collecting banknotes or display an already growing collection.
To help get you started, this pack includes an original £1 banknote, issued more than 35 years ago, in mint uncirculated condition… absolutely FREE.
Don’t miss out on this brand new Banknote collecting pack, start your collection today >>
Rare world banknotes sell for millions at auction!
Spink and Son Ltd recently held an auction of nearly 2,000 rare world banknotes.
The Auction, held in London, included notes from every country in the world, even some that no longer exist, dating from the mid-19th century to the modern era.
The auction proved hugely popular with collectors, with total proceeds of the sale coming in at over £1.6 million!
Five banknotes sold for over £20,000 each!
The three notes that sold for the most money were all issued by The Government of the Straits Settlements. These were a group of British territories located in South-east Asia, established in 1826, which included Singapore.
Government of the Straits Settlements – sold for £61,000
This note, issued in 1919, features George V and had a face value of $10,000. (Image: SPINK)
Government of the Straits Settlements – sold for £34,000
This note was issued in 1909 with a face value of $100 (Image: SPINK)
Government of the Straits Settlements – sold for £22,000
This note was issued in 1930 with a face value of $50 dollars. it features an effigy of King George V (Image: SPINK)
The other two notes to sell for over £20,000 were issued in New zealand and Iraq.
Reserve Bank of New Zealand – sold for £20,000
This banknote was issued in 1934 with a face value of £50 and features the Maori King Towhiao (Image: SPINK)
Government of Iraq – sold for £20,000
This was issued by the Government of Iraq in 1931 with a face value of 100 dinars (Image: SPINK)
In this remarkable auction 17 notes sold for over £10,000 highlighting the amazing buoyancy of the banknote collector’s market.
Jane Austen Polymer £10 banknote charity auction
Don’t forget that Spink and Son Ltd are holding the Jane Austen Polymer £10 banknote auction tomorrow.
The lowest serial number available is AA01 00010 and is estimated to sell for between £2,000 and £3,000.
There are a number of other lots with significantly lower guide prices, ranging from £200 to £400.
You could argue that this is a lot of money for a £10 note, however the winning bidder will own a genuine piece of British history, so i can understand why interest will be high.
The best news of all is that all proceeds from the auction will go to help 3 fantastic charities: Candlelighters, Haven House Children’s Hospice and Macmillan Cancer Support.