First look – the new Churchill £5 note revealed…

The New Sir Winston Churchill Polymer £5 Note

The New Sir Winston Churchill Polymer £5 Note © Bank of England [2015]

The Bank of England has just revealed their first ever polymer banknote in a ceremony at Blenheim Palace.

The new £5 note features an image of Sir Winston Churchill, alongside the famous quotation from his first speech as Prime Minister: ‘I have nothing to offer but blood, toil, tears and sweat.’

In the background the clock on Queen Elizabeth’s Tower reads 3pm, the time Churchill was making his speech in 1940. Behind the Houses of Parliament you can see the Nobel Prize for literature which the great statesman won in 1953.

The New £5 Note

The other side of the £5 note featuring Queen Elizabeth II © Bank of England [2015]

The other side of the note features a raft of new security measures including a see-through window, multiple holograms and micro-lettering under the Queen’s portrait – which can only be viewed under a microscope.

But most importantly…

When can I find one in my change?

The new note will enter circulation on September 13th this year. However, with millions of existing five pound notes still in use you may not be able to find one straight away.

Will I still be able to spend my current £5 notes?

Yes you will, but only up until May 2017. After that, they will cease to be legal tender – but you will still be able to exchange them at the Bank of England.

So the new era of Plastic Banknotes is officially upon us! What do you make of the new design? Let us know on Facebook or Twitter or in the comments below.


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Revealed: The face of the new £20 banknote

Exciting news emerged over the weekend on who would replace economist Adam Smith on the £20 note.

Adam Smith’s image has featured on the £20 banknote since 2007, but early last year the Bank of England announced plans to replace him.

The bank of England asked the British public to nominate “people of historical significance” from the world of visual arts, from a list of 590 eligible candidates. Some of the nominations included Alfred Hitchcock, Isambard Kingdom Brunel, Richard Attenborough, Beatrix Potter and William Blake.

Of the 590 candidates, just 5 were shortlisted by a Bank committee and included – artist JMW Turner, designer Josiah Wedgwood, filmmaker Charlie Chaplin, sculptor Barbara Hepworth and painter William Hogarth.

The final decision was made by the Bank’s governor, Mark Carney and it has now been revealed that artist JMW Turner and his painting ‘The Fighting Temeraire’ will feature on the new £20 banknote.

The design

The design features Turner’s self-portrait from 1788 along with one of his most famous paintings ‘The Fighting Temeraire’ which is a tribute to the ship HMS Temeraire which played an important role during the Battle of Trafalgar in 1805.

The quote ‘Light is therefore colour’ comes from a lecture by Turner at the Royal Academy in 1818 and his signature is taken from will when he donated all of his works to the nation.

Due to enter into circulation in 2020, 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.

The Diamond Jubilee coin that never was

It has been revealed that a special six-sided coin was very nearly released to commemorate one of the most significant celebrations in British history – the Queen’s Diamond Jubilee.

The coin was on the verge of being created and almost sent off for Royal approval when the proposal was rejected by senior staff at the Royal Mint.

Along with the selection of different £5 coins that were issued by the Royal Mint to mark the momentous occasion in 2012, this six-sided coin with a denomination of 60p could have also been part of the collection.

Although the Royal Mint has refused to release an image of the proposed coin, it has been revealed it would have been a bi-colour coin and issued as a commemorative collectable rather than for general circulation.

Unfortunately the idea for the coin was abandoned as papers from the Royal Mint Advisory Committee has revealed the commemorative coin programme was already ‘sufficiently comprehensive’.

It has been assumed the Royal Mint believed the coin would be of great public interest to mark an event of huge national importance and in a letter to Mr Osbourne in 2011, suggested the occasion should be marked with more than one type of commemorative coin.

So what do you think? Would you have liked to see a 6 sided 60p coin issued in celebration for the Queen’s Diamond Jubilee or were you happy with the coins released?

Let us know your thoughts via Facebook, Twitter or comment below!