Second World War
The British banknote set to sell for up to £12,000!
Tomorrow on 28th October a Victorian £5 Banknote is set to sell at auction catalogued at up to £12,000! Now you might be wondering how an old piece of paper could be worth such an extortionate price. Well, even though it is over 150 years old, the banknote is in pristine condition – almost as if it has come straight from the Victorian Cashier who issued it himself!
The £5 Banknote, dated for the 28th December 1863 is a representation of the height of the industrial period and the advances made in Victorian Britain. In fact the design and printing technology was so advanced that the exact design was used up until 1956! You see, British Banknotes have an incredible history that is often overlooked in the collecting world…
The First UK Banknote
In 1694 King William III was at war with France, and as is often the case with warfare, the financial state of the nation was put under pressure. And so the Bank of England was established. One of its main jobs was to issue banknotes in return for deposits of gold or silver. It’s thought that the first banknote ever issued was one for £1000! But seeing as most people’s wages were less than £20 a year in those days, most people never saw a banknote.
Each banknote was handwritten on bank paper addressed to the payee, and signed by a cashier to authenticate it –sort of like a modern day cheque. This is a tradition that continues today as each banknote is issued with the Chief Cashier’s signature.
“I promise to pay the barer on demand the sum of five pounds”
Before 1853 banknotes were completely handwritten, but the innovation of the Victorian period meant that templates for banknotes could be printed. Therefore cashiers no longer had to sign each note individually. The words “I promise to pay the bearer on demand the sum of Five pounds” were introduced to link the notes to a physical gold value. In theory, anyone could go to the bank and ask them to give them £5 worth of gold in exchange for a £5 banknote, although the meaning has changed today, the tradition remains on the banknotes.
Emergency Wartime issues
During the First World War, gold was preserved by the government and gold coins in circulation had to be withdrawn. To replace these coins, the Bank of England needed to make a large supply of £1 and 10/- notes available, but the haste at which these were produced meant that there were huge security problems. The notes were too small for cashiers to handle and they had very few anti-counterfeiting measures, but the notes themselves played a vital role in keeping the economy going.
The Second World War Nazi threat
During World War Two, the British government found out about a Nazi plot to introduced thousands of fake banknotes to destabilise British currency. However the Bank of England took emergency action and changed the colour of some of the notes for the duration of the war. The Nazi’s could not match the high levels of security features on the British banknotes and their plans failed.
Polymer banknotes
Today historic banknotes are harder and harder to get hold of, especially the ones in good condition, and those that are will often sell for thousands of pounds. Few have seen the earlier banknotes, and a small number of us remember using pre-decimal or war time banknotes in our childhoods. This is largely because the paper design which made them more susceptible to damage, so many have been lost over time. The new polymer banknotes first issued in 2016 marked a monumental change in numismatic history, bringing new technology and innovation to our pockets.
If you’re interested
Today you have the chance to own a limited edition pair of Emergency Wartime Banknote reproductions, each struck from 5g of FINE SILVER.
The Emergency Banknotes each carry a fascinating story, and your Silver versions come complete in a presentation folder telling the full story of how these banknotes helped Britain win the war.
JUST 100 of these special FINE SILVER banknotes pairs are available, so click here to order yours now, before it’s too late >>
Unboxing the 2020 Masterpiece Poppy Silver 5oz Coin
This year marks 80 years since the Battle of Britain, and to commemorate this poignant anniversary 300 Masterpiece Poppy Coin’s have been released in support of The Royal British Legion.
And considering it’s been crafted from a genuine Spitfire, which was part of the Battle of Britain memorial flight for nearly FIFTY years, means that this coin has a remarkable story to tell…
So, join Adam in our latest unboxing video where he takes a closer look at this brand new Silver 5oz Poppy coin that’s truly worthy of its Masterpiece title.
If you’re interested
Click here to be one of only 300 collectors to own the 2020 Masterpiece Poppy Silver 5oz Coin >>
The making of a true Masterpiece…
Each year Remembrance Sunday provides an opportunity for the nation to reflect on those brave men and women who gave their lives fighting for our freedom. But this year will be especially poignant. As we also commemorate the 80th Anniversary of one of the truly remarkable chapters in our nation’s history – the Battle of Britain.
Introducing the official 2020 Remembrance Masterpiece Silver 5oz Poppy Coin
There is one coin that avid collectors await the release of – the “Masterpiece Poppy Coin”. The name says it all. Cutting edge minting techniques and materials, representing the pinnacle of craftsmanship. But let me explain what makes this year’s Masterpiece Poppy so special…
This year marks the 80th anniversary of the Battle of Britain. Take a look at the images and you’ll see that a single stylised Royal British Legion poppy, proudly sits on top of this coin. Multiple poppies have then been engraved into the surface of the coin, resulting in an exceptional 3 dimensional effect.
But the incredibly rare facet of this year’s poppy coin is that it’s been crafted from a genuine piece of Spitfire.
Expertly crafted from a Spitfire with a remarkable story to tell
Incredibly, this year, the silver poppy that adorns the reverse of each of these coins has been made from a piece of Spitfire PM631 – ensuring each coin is uniquely different and features a piece of tangible aerial history.
Originally built in late 1945, the Spitfire PM631 saw service with the Battle of Britain memorial flight for nearly FIFTY years between 1957 and 2006. You may also remember that it had a starring role in a famous WWII Movie – Battle of Britain, made in 1969.
Once the Spitfire piece has been melted down and poured into a shaped mould, it is cooled and cleaned to create the high-relief poppy. After this, it is laser engraved with the official Spitfire plane from which the metal was taken – PM631. Check out the images below to see the process the Spitfire metal goes through to come a Masterpiece poppy…
But even then, it is important to remember, this is NOT a cast piece. The surface of the coin has actually been struck in sterling silver and has then expertly plated in 24ct gold. The finish is a stunning matte appearance achieved using a technique called ‘Sandblasting’. This means it has all of the detail that you expect from a commemorative coin but allows you to touch the coin and hold a genuine, iconic piece of history in the palm of your hand.
As I am sure you can appreciate, given all of the individual elements that have to be carefully curated for each individual coin, the edition limit as a consequence is incredibly low. In fact, only 300 of these coins have been produced, with number one fittingly being donated to The Royal British Legion themselves. Which means only 299 coins remain for collectors.
We do not expect these coins to be around for long. And remember, for each coin sold a donation will go straight to The Royal British Legion in support of all their work.
Available now – with a donation to The Royal British Legion
The 2020 Masterpiece 5oz Silver Proof Poppy Coin is available to own right now from The Westminster Collection, although they are expected to sell out quickly.
To further support the work of The Royal British Legion, a donation of £59.50 from the sale of each coin will go directly to the charity, helping them to continue to provide financial, social and life-long support to the Armed Forces community.
£1,100,000 Milestone
What’s more, since our partnership began and through the sales of commemorative Remembrance and Poppy-themed coins, collectors have helped raise an incredible £1.1 Million for The Royal British Legion!
This is an achievement that everyone is immensely proud of, and we are hugely thankful to collectors for helping raise such an amazing amount.
If you’d like to find out more about the fantastic work that The Royal British Legion do and why we are so proud of this milestone £1.1 Million that has been raised for the charity, then click here to read more…