| Author |
 Replies: 21 / Views: 6,808 |
|
Pillar of the Community
Germany
1063 Posts |
Edited by augsburger
06/06/2016 01:11 am
|
|
|
|
Bedrock of the Community
 United States
12817 Posts |
I saw this - I have some friends in London and I've already got them on task to get me a couple.  |
|
Pillar of the Community
 Germany
1063 Posts |
I'm going back to the UK in the middle of July, and will be back home by middle of August, so.... I won't get one for a while.
|
|
Valued Member
United States
137 Posts |
Similar to CelticKnot - I've asked my British friends about this and the new 1 pound coin ( http://www.bbc.com/news/uk-politics-26632863) coming next year... I love the new design for the 5 pound note - they've incorporated the new security features very nicely. |
|
Pillar of the Community
United Kingdom
1682 Posts |
|
|
Pillar of the Community
Germany
992 Posts |
@Kena: Thanks for the link.
Very interesting stuff. Didn't know that the old (paper) £5 will cease to be legal tender in May 2017.
|
|
Bedrock of the Community
United Kingdom
17915 Posts |
Quote:
Didn't know that the old (paper) £5 will cease to be legal tender in May 2017. It's quite usual for the Bank of England to withdraw old designs of paper money only a few months after a new design enters circulation. However, while obsolete notes can no longer be spent in shops, the Bank of England in London will always exchange them for face value - and most High Street banks will also change relatively recent notes, or let you pay them into your account. |
|
Pillar of the Community
Germany
992 Posts |
@NumisRob
Thanks for the explanation and clarification!
|
|
Pillar of the Community
United Kingdom
2624 Posts |
I saw my first ones yesterday... it seemed everybody had one in their wallet except for me... (I was in Harlow at the time0
I had a brief look at them, and was struck with how small they are. The design is nice enough, I will have to put one aside so hopefully I get some fresh ones in my change (not sure how they are numbered but presumably I will be trying to save a mint AA01 serial if I can get my hands on one...)
What's everyone else think? Have you seen any yet?
|
|
Pillar of the Community
United States
742 Posts |
The IBNS discussion board has an interesting post about these. Apparently, the BoE has kept much of the AA01 block to itself. People who lined up at the bank on the first day were receiving other blocks. The lowest number available will be AA01 000017 which is being auctioned off for charity. AA01 000001 went to the Queen and the other lower numbers were apparently reserved for other such dignitaries.
Even the chief cashier whose signature is on the notes was in the queue to get new notes at one point.
|
|
Pillar of the Community
United States
819 Posts |
here's mine got it today thanks again Rob   |
|
Pillar of the Community
Germany
1063 Posts |
May 2017 is early to be making them not legal tender. How many people go abroad and come back a year later, like I will do, only to find they can't even use the banknote. I'm hoping I don't have too many. Though not a worry as you can go to the bank, just a little annoying.
|
|
Valued Member
United States
411 Posts |
When the new £50 note was introduced there were over 200 million in circulation. The government allowed a period of 2.5 years before the old notes were invalid (Nov 2, 2011 - Apr 30, 2014). A total of 217 million £50 notes were destroyed in a one year period.
Right now there are roughly 350 million £5 notes in circulation, and the government is only allowing a few months (234 days) until the old notes are invalid. It is not clear exactly how many of the new polymer £5 notes have been produced. Perhaps the government is looking for a payday, assuming that tens of millions of notes never get turned in.
But Sweden is going to declare 134 million 100kr and 500kr banknotes invalid in only 9 months. Perhaps Britain is going to allow notes to be turned into banks next summer, the way Sweden is doing it.
Next fall the new polymer £10 banknote will be introduced, of which there are over 800 million in circulation. I wonder if they are going to make the paper ones invalid by May 2018?
Finally, there are over 2 billion £20 banknotes in circulation. They are also scheduled to be replaced by polymer ones after 2020.
Right now the Bank of England has not mentioned polymer £50 banknotes, not even on a vague timelines. Perhaps they never intend to produce them, but to eliminate the denomination.
Edited by PacoMartin
10/06/2016 03:01 am
|
|
Valued Member
United States
411 Posts |
Actually banknote news says Bank of England ordered 440 million of the new 5 pound polymer note.
|
|
Pillar of the Community
Germany
992 Posts |
Quote:
Actually banknote news says Bank of England ordered 440 million of the new 5 pound polymer note. Do they give a source for this information? Edited by redlock
10/07/2016 10:12 am
|
|
Valued Member
United States
411 Posts |
Quote:Great Britain new 5-pound polymer note unveiled for 13.09.2016 introduction Jun 02, 2016 08:20 AM Category: Europe The Bank of England has printed 440 million polymer 5-pound notes it plans to introduce 13 September 2016. A new 10-pound polymer note featuring Jane Austen is scheduled to be introduced in mid-2017. A new 20-pound polymer note featuring J.M.W. Turner is expected in 2020. The bank has not yet decided if or when it will introduce a new 50-pound note, nor if it will be paper or polymer. Courtesy of Antje Bird. Great Britain new polymer 5-pound note confirmed Sep 13, 2016 11:24 AM Category: Europe On 13 September 2016, the Bank of England introduced the first of 440 million polymer 5-pound notes printed by De La Rue. A new 10-pound polymer note featuring Jane Austen is scheduled to be introduced in mid-2017. A new 20-pound polymer note featuring J.M.W. Turner is expected in 2020. The bank has not yet decided if or when it will introduce a new 50-pound note, nor if it will be paper or polymer. http://www.banknotenews.com/files/tag-polymer.php Quote:
Do they give a source for this information?
Banknotes news does not provide a source other than saying Courtesy of Antje Bird. I cannot find the source on the Antje Bird website. https://minoa.li/The Bank of England website seems to indicate that they ordered 477 million banknotes over a two year period, but unlike the BEP in the USA, the BoE does not report detailed production numbers by series. Production of Bank of England banknotes (Millions of notes)
£5 £10 £20 £50 Total
2014/15 221 210 340 72 843
2015/16 256 274 144 0 674
Edited by PacoMartin
10/09/2016 11:09 pm
|
| |
Replies: 21 / Views: 6,808 |
Posted 06/08/2016 06:00 am
