Posts Tagged ‘polymer’
Everything you need to know about the Jane Austen Polymer £10 banknote…
The Bank of England officially revealed the new £10 polymer banknote in a ceremony at Winchester Cathedral – the burial place of Jane Austen, on the 200th anniversary of her death.
Winchester Cathedral- where Jane Austen is buried.
What does it look like?
The new £10 note features a portrait image of Jane Austen (commissioned by her nephew James Edward Austen Leigh in 1870), alongside the famous quotation from her novel Pride and Prejudice: ‘I declare after all there is no enjoyment like reading!”
The new Polymer £10 note features Jane Austen (Image: Bank of England)
Jane Austen’s writing table – the central design in the background is inspired by the 12 sided writing table, and writing quills, used by Jane Austen at Chawton Cottage. An illustration of Miss Elizabeth Bennet undertaking “The examination of all the letters which Jane had written to her” from a drawing by Isobel Bishop (1902-1988) is also featured.
The new £10 note is 15% smaller than the current £10 note – Source: Bank of England
There is also an image of Godmersham Park, the home of Edward Austen Knight (Jane Austen’s brother). It is believed that she visited the house often and it was the inspiration for a number of Jane Austen’s novels.
When can I find one in my change?
The new note entered circulation on 14th September this year and around 55% of £10 banknotes in circulation are made from polymer.
Will I still be able to spend my current £10 notes?
Yes you will, but only up until 1 March 2018. As with the old paper £5 notes, the £10 note will eventually cease to be legal tender – but you will still be able to exchange them at the Bank of England.
What will happen to the paper £10 notes once they’re no longer legal tender?
There are approximately 359,000,000 paper ten pound notes in circulation, but the Bank of England does have a plan for them.
Once the Bank of England start to withdraw the paper £10 notes from circulation, they will be recycled.
In the early 2000s, the Bank of England introduced a new way to get rid of its old notes – by recycling them with a composting treatment similar to that used with food waste.
This recycling method was put into place for all paper-note waste in 2011, using them as a soil improver for agriculture.
What should I look out for on the new polymer £10 banknotes?
When the new polymer £5 note was released in September 2016, serial numbers became the talk of a nation. The first prefixes I considered were JA01, JA75 (Jane Austen’s birth year) and JA17 (the year of Jane Austen’s death). However, whilst these will likely become popular with collectors in the future, it could be many years before notes with these serial numbers enter circulation due to the huge amount of possible combinations that would come before ‘JA’. Click here to find out what else you should be looking for on these banknotes >>
So the new era of Plastic Banknotes is officially upon us! What do you make of the new Polymer banknotes?
Mark the 200th anniversary of Jane Austen’s death
To celebrate such an inspirational female figure, the Royal Mint and the Bank of England have chosen to honour her on a brand new £2 coin and £10 banknote.
Click here to own the 2017 Jane Austen £2 Coin and £10 Banknote Pack today >>
The new £5 note has a major grammar blunder…But have you spotted it?
The Bank of England has been accused of “dumbing down” after choosing to remove punctuation from a quote by Sir Winston Churchill printed on the new polymer £5 notes.
The original concept image for the new polymer £5 notes correctly included double quotation marks around the former prime minister’s famous saying: “I have nothing to offer but blood, toil, tears and sweat.”
The Bank of England’s original concept design for the new £5 note included double quotation marks around Winston Churchill’s words CREDIT: Bank of England.
However the final £5 note design that was released into circulation does not include the quotation marks or full stop.
The new polymer fiver does not include quotation marks or a full stop.
The new Polymer £5 notes were issued in September and there are now around 400 million in circulation. You can find out everything you need to know about the polymer fiver here.
According to the Bank of England, the demand for cash continues to grow and the new polymer banknotes will shape the usage of cash in the future.
Did you know the new polymer banknotes are:
2017 marks 200 years since the death of Jane Austen – one of the best-loved English novelists of all time. And to celebrate such an inspirational female figure, the Bank of England have chosen to honour her on a brand new banknote.
The brand new £10 polymer banknote is due to be issued in September 2017 and you can find out more about the design here!
Update: The latest news on the Bank of England’s Polymer Banknotes
The Polymer banknotes are still catching the headlines this week after a £5 note was found with a mysterious secret message.
Two different people, who thought they had found the rare Jane Austen £5 note worth more than £20,000, have come forward so far.
The message on the banknote stated ‘Look for serial number AL22171910’ instead of a classic quote from Pride and Prejudice, Emma or Mansfield Park.
The message on the banknote states ‘Look for serial number AL22171910’
However, artist Graham Short’s gallery have denied the stunt is anything to do with them.
Four special £5 notes, engraved with a tiny portrait of author Jane Austen, were put into circulation by Mr Graham Short late last year and could fetch more than £20,000 at auction.
So could it be another Willy Wonka style golden ticket hunt?
Both findings have sparked theories of a copycat engraver offering clues to find other valuable notes – but it could just be someone creating a bit of mischief.
Just one fiver worth more than £20K left to find…
There is still one engraved fiver in circulation left to find by specialist micro-engraver Graham Short. Mr Short came up with the idea of engraving a 5mm portrait of Pride and Prejudice author Jane Austen on the transparent part of the new plastic £5 notes, to mark the 200th anniversary of one of the best-loved English novelists this year.
Just one fiver worth more than £20K left to find…
The first of four notes featuring art by specialist micro-engraver Graham Short was found in a cafe in South Wales on 5th December while another was found the same month inside a Christmas card in Scotland. The third £5 note was found by a mystery old lady in Eniskillen in Northern Ireland who has donated it to charity.
So that means there is just one more rare £5 note left to find with the handiwork of Birmingham micro-artist Graham Short. It was spent somewhere in England back in December so for those hunting down the last remaining fiver, the serial number to look out for is AM 32 885554.
In other news… the Bank of England considers the use of Palm Oil
The Bank of England have been considering the use of palm oil as a replacement to animal fat in their polymer banknotes after complaints from vegans and religious groups.
The news that the polymer fiver contained animal fat sparked an online petition last year, calling for the Bank of England to stop using tallow in the production of the notes, which has since attracted more than 136,000 signatures.
However, in February, the Bank of England confirmed that it would stick with animal fat despite the concerns. In a statement, the Bank of England said “it would be appropriate to keep the £5 polymer note in circulation and to issue the £10 polymer note as planned, in September.”
Palm oil is a type of edible vegetable oil that is derived from the palm fruit. However, switching from the animal fat derivative may prove difficult and is likely to spark protests from environmentalists unless the palm oil can be sustainably sourced.
The Bank of England is now undertaking a consultation to seek the views of the public on options for the future composition of polymer notes, namely the next £20 note and future reprints of the £5 and £10.
Who will feature on the new £20 polymer banknote?
The new £20 polymer banknote is due to enter circulation in 2020 and will feature J.M.W. Turner. Click here to find out more about the £20 note.
The £20 note will be the third banknote made from Polymer, following on from the £5 note featuring Winston Churchill and the £10 note featuring Jane Austen. The £50 note will remain in circulation with the same design and there are currently no plans for them to be issued in polymer.