Posts by Alex
The secrets hidden in Britain’s most secure banknote yet
Whether you love them or hate them, it’s fair to say that when the Bank of England issued the very first polymer banknotes, UK currency was revolutionised. As well as refreshing the designs of the notes, these polymer versions were considered a cleaner, safer and stronger alternative.
In 2016 it was the £5 that received the first makeover, and Winston Churchill was selected to feature on the note. Jane Austen soon followed on the £10 note and now, as chosen by the British public, renowned artist JMW Turner graces the new £20 polymer note.
But it’s not only the design that makes this note special. You see, the Bank of England have described this note as the most secure banknote yet. So, I’m of course curious to see what special security features have been worked into the design of our newest banknote…
Britain’s most secure banknote
Before the revolutionary polymer £20 came along, there were over 2 billion £20 paper notes in circulation. The sheer volume of them made the £20 note Britain’s most used, and consequently most forged, banknote.
So it’s understandable that the need to make it difficult to counterfeit was at the forefront of the designer’s mind! The result? A whole host of special features that make it harder to forge and stand out from other notes in circulation.
Let’s take a closer look at some of the security features incorporated into the design:
- Transparent windows – the foil in the large see-through window is blue and gold on the front, and silver on the back. Plus, there’s a second, smaller window in the bottom corner.
- Changing holograms – the hologram beneath the large clear pane will alternate between reading ‘Twenty’ and ‘Pounds’ depending on what way you tilt the note.
- The Queen’s portrait in the transparent window – the Queen’s portrait is printed on the window with ‘£20 Bank of England’ printed twice around the edge.
- Foil patches – a silver foil patch contains a 3D image of the coronation crown. There is a second purple foil patch which contains the letter ‘T’.
- Ultra-violet technology – under UV light, the number ’20’ appears in bright red and green on the front of the note, against a duller background.
- Raised dots – you’ll find three clusters of raised dots in the top left hand corner. This tactile feature helps blind and partially sighted people identify the value of the note.
JMW Turner design
When choosing the design for the £20 note, the Bank of England were spoilt for choice. They received over 29,000 nominations submitted by the general public. And the choice to select JMW Turner makes him the first British artist to ever feature on a UK banknote.
The note itself features Turner’s 1799 self-portrait, which is currently housed in the Tate Modern in London. And behind this you’ll notice one of his most recognisable works – The Fighting Temeraire. This famous painting is a tribute to the ship that played a pivotal role in in Nelson’s victory at the Battle of Trafalgar in 1805.
The final nod to Turner in the design comes from the quote “light is therefore colour”, alongside the signature taken from his will. The quote is taken from a lecture Turner gave in 1818 and is a reference to his innovative use of light, shade, colour and tone.
What do you think about the new £20 Polymer note? Let us know in the comments!
If you’re interested…
If you’re looking for a way to own this significant, revolutionary piece of British currency, then look no further than the UK 2020 £20 Polymer Banknote DateStamp™ issue. Each DateStamp™ issue has been postmarked by Royal Mail with the note’s first day of release – 20th February 2020 – forever ensuring its provenance.
First issues are always valued by collectors and by owning the DateStamp™ issue you will be one of just 2,500 collectors able to forever mark the date the new £20 polymer banknote entered circulation. We have a limited number available, so click here to find out more >>
May’s Top Coin Releases
Another month has been and gone, and whilst the majority of the country might’ve been isolating at home for most of May, the coin world didn’t stop when it came to delivering great new releases for collectors.
From The Battle of Britain to VE Day and even Florence Nightingale, May was jam-packed with exciting new coins for collectors.
Watch out our latest video to reveal May’s top coin releases….
If you’re interested
Click here to add these must-have coins to your collection >>
An unexpected modern rarity: how Covid-19 created one of the rarest US Silver Dollars
As you’re reading this, I hope you are safe and well. As far as I can see, we’re all adapting magnificently to the challenges the current coronavirus pandemic has brought – though between you and me, I’m losing count of the number of Zoom pub quizzes I’ve done!
The need to adapt has hit Mints around the world too. But it’s not all bad news, as to my delight – and I’m sure many collectors will share in this – an unexpected modern rarity has emerged.
You see, the Silver Eagle is the flagship bullion coin of the US, and is widely collected. But now, thanks to the outbreak, it is about to become THE most in-demand coin in the WORLD…
2020(P) Emergency Silver Eagle
Bullion Silver Eagles, which have no mintmark, are normally struck at the US Mint’s West Point Mint in New York. However, due to the Covid-19 pandemic the West Point Mint was temporarily shut down, meaning no Silver Eagles could be produced.
Yet demand for Silver Eagle bullion coins exploded as collectors flocked to secure bullion coins, seen as a safe investment haven amidst the economic uncertainty caused by the pandemic.
In an unusual move, and to allay the demand, production of the Silver Eagles was picked up by the Philadelphia Mint. The result being a limited batch of Silver Eagles struck in under two weeks.
Second RAREST Silver Eagle in US history
According to official US Mint documentation dated April 27, 2020, the limited run at the Philadelphia Mint produced JUST 240,000 Silver Eagles.
This may seem like a lot of coins, but let me put that into perspective for you. Millions of bullion Silver Eagles are struck every year – last year over 15 million were minted! In comparison the 2020(P) Emergency Silver Eagle is incredibly scarce.
In fact, it is the second RAREST Silver Eagle coin to ever exist in the 34-year history of the bullion American Silver Eagle series. It is only the 2015(P) issue that is rarer, with a mintage of 79,640.
This makes the 2020(P) Emergency Silver Eagles one of the most limited coins in US history, and instantly catapults it to the top of the must-have list for all collectors…
If you’re interested…
Through my contacts in America, I’m lucky to have been able to bring some of these fascinating coins to the UK. Each one is encapsulated, boxed and certified by the American Numismatic Association Certification Service (ANACS).
But considering how rare this issue is, I don’t expect the limited number I’ve secured to last long. Nor do I expect to be able to secure more – I’m certain the entire edition limit will be snapped up in the US before we know it.
Click here to find out more and secure one for your collection >>