Saturday, October 15, 2016

Bank of England announce plans for new £20 polymer note



The design for the new polymer £20 note has finally been revealed by the Bank of England.

The new note will feature artist J.M.W Turner and will be available in 2020.

The selection of Turner is the first time the Bank of England has used the new character selection process announced in December 2013.

The process involved a two month nomination period between May and July 2015 when the public nominated characters from within the field of the visual arts.

In total 29,701 nominations were received covering 590 eligible characters.

Bank of England governor Mark Carney said: "I am delighted to announce that J.M.W. Turner has been chosen to appear on the next £20 note. Turner is perhaps the single most influential British artist of all time"

"His work was transformative for the art world"/p>

"His influence spanned his lifetime and well beyond"

The reverse of the note will include:

J.M.W. Turner’s self-portrait, painted c. 1799 and currently on display in the Tate Britain.

One of Turner’s most eminent paintings The Fighting Temeraire; a tribute to the ship HMS Temeraire which played a distinguished role in Nelson’s victory at the Battle of Trafalgar in 1805.

The quote - “Light is therefore colour” from an 1818 lecture by Turner referring to his innovative use of light, shade, colour and tone in his pictures.

Turner’s signature from his Will, the document with which he bequeathed many of his paintings to the nation.

Friday, October 14, 2016

Australia 10 Shillings bank note that's worth $1 million



TUCKED away inside an envelope gathering dust in a pile of old papers, this piece of monetary history could have ended up in the scrap heap.

But the 103-year-old banknote, discovered among the possessions of the late Judith Denman, is valued at a staggering $1 million.

While its inflation value is a mere $58.43, as Australia’s first ever 10 shilling note banknote is worth substantially more thanks to its appeal to collectors.

Its current owner, a Melbourne businessman who snapped it up for $1 million in 2014, has allowed it to be transported interstate for this weekend’s Sydney Money Expo, after which it will be returned to its usual home: a bank vault.

Ms Denman, who passed away in 1987, was the daughter of former Governor-General Lord Thomas Denman.

She was just a little girl when she was invited to do the honour of handpressing the note with serial number 000001, in a ceremony held at the King’s Warehouse in Flinders Street, Melbourne on May 1, 1913.


Judith Denman at the printing ceremony. Picture: Museum of Currency Notes, Reserve Bank of Australia


The note was then officially presented to the five-year-old by then Prime Minister Andrew Fisher as a memento of the occasion.

The Denman family returned to England in 1914 and Australia’s first ever Commonwealth banknote went with them.

It was not until 12 years after her death that the note was discovered among Ms Denman’s possessions, marked “Judith’s 10/- Note May 1st 1913”.

The note will be on display at the Sydney Money Expo in a specially manufactured, high security showcase that allows people to get a close-up look and take photographs with it.

Belinda Downie, president of the Australasian Numismatics Dealers Association, said the note was “a priceless part of Australia’s heritage”.

“It survives today in pristine condition as the nation’s greatest financial legacy, a symbol of Australia’s emergence as a nation,” Ms Downie said.

The note’s owner “believes the public deserve a chance to see it,” she said. “As it’s the Commonwealth of Australia’s first ever banknote, the item is unique. It can never be replaced.”


Courtesy OCTOBER 14, 2016

Sneak peek: Bank of England new £10 polymer note

The Bank of England is gearing up to release the new polymer £10 note in the summer of 2017.

Jane Austen is set to be the face of the new note.

"Jane Austen certainly merits a place in the select group of historical figures to appear on our banknotes" the Bank of England governor Mark Carney said.

Her novels have an enduring and universal appeal and she is recognized as one of the greatest writers in English literature.

Wednesday, October 12, 2016

New Bank of England 5 Pound Polymer notes are selling for 65,000 Pounds


The new £5 notes have made a refreshing change but paying tens of thousands to get hold of one with a good serial number does seem a little excessive.

Yet, that is what’s happening on eBay where one with an AK47 serial number is currently entertaining bids of £65,000 plus and others are not too far off either.

A staggering bidding war on Gareth Wright’s £5 note has seen its value shoot up 13000% with more than 100 bids made.

And it all happened by chance after he withdrew £10 from a cash machine.

However, the seller from Twickenham is concerned that many of the excessive bids on his fiver are not genuine.

He told The Sun that the highest bid rose dramatically from £62 to £8,000 as soon as it was shared on Facebook.

He added that he thinks it’s unfair people have inflated the price if they don’t intend to pay it and that none of the top bidders have replied to his messages.

But Gareth isn’t the only one making decent gains on £5 notes, with the early serial numbers selling for hundreds of pounds on the bidding site.

eBay said: ‘When you bid on eBay you enter a binding contract (which is why you have to be over 18 to use the site).

‘Where we believe there is unhelpful bidding activity we will take an active role in monitoring the sale for the seller.’


courtesy Toby Meyjes, Wednesday 12 Oct 2016

Friday, October 7, 2016

Liberia issued new series of banknotes

The Central Bank of Liberia issued a new series of banknotes on October 6, 2016. The new banknotes retain the portraits of the current series, while enhancing the security. In addition, the new series is printed on a higher quality substrate to guarantee longevity and reduce porosity. The new series also added a new 500 Dollar denomination.








Pudsey £5 note designed by Dundee schoolgirl sells for £18,600

A limited edition Bank of Scotland £5 note designed by a Dundee schoolgirl has sold for £18,600 at auction.

The note, featuring a picture of Pudsey Bear raising a Saltire flag, was one of the first polymer notes issued on 17 July 2015.

The Pudsey design was created by Kayla Robson, 12, who won a Bank of Scotland competition in partnership with the BBC's Children in Need charity.

It had been expected to fetch between £1,000 and £1,200. An anonymous collector bid £15,500 when the note went under the hammer at the Spink's World Banknotes auction in London on Tuesday.

But the actual amount paid rose to £18,600 including buyer's premiums.

Security features

Monica Kruber, a specialist in Spink's banknote department, said: "This Pudsey £5 note was designed by a young lady from Dundee.

"We knew it was going to be good but it made a fabulous price. We are delighted, especially as it is for BBC Children in Need.

"It is an extraordinary note, and an extraordinary issue - the first polymer from the Bank of Scotland.

"It has amazing security features. The note itself is very attractive and the colours are amazing -- they are also largely invincible."

The note was one of a limited edition of 50 notes. The serial numbers were unique, with the first 40 using the code PUDSEY01 to PUDSEY40 while the remaining 10 would be personalised to buyers.

Some of the notes were auctioned last year, but the latest sale coincided with the release of the general issue polymer £5 notes, which were made available to the public.

Annette Barnes, Bank of Scotland's retail managing director, said: "This new £5 note is brighter and bolder than most other banknotes in circulation and really brings to life what BBC Children in Need means to so many people.

"Kayla did a fantastic job with her design and I am delighted to see how we have been able to incorporate it into our first polymer banknote."


Courtesy BBC 6 October 2016 From the section Tayside and Central Scotland