Calling all Numismatists

If it ain't amber or ain't football then it belongs here!
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pembsexile

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Sunny and warm Pembrokeshire

Re: Calling all Numismatists

Postby pembsexile » February 29th, 2020, 1:24 pm

Some news on the introduction of the relatively new polymer banknotes. The Bank of England introduced the first polymer note (£5) in 2016. The plan was that each note would be expected to last on average 5 years instead of the 2 year average for paper notes.

The BoE has recently reported that 46 million of the £5 and £10 polymer notes have had to be withdrawn due to unexpected ‘folds, tears, holes and foil wear’. This wasn’t expected.

A suggestion. The new polymer £20 note was issued last Thursday. If you get the opportunity, keep a new unfolded polymer £20 note if you get one, especially if it has a relatively low number. If the BoE has to withdraw the new £20 note at the rate they have withdrawn the £5 and £10 notes, in the future, they may become collectible and rare. You won’t become rich but you may make a profit in the future.
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mad norm

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In a Station Lane not as long as Warnhams

Re: Calling all Numismatists

Postby mad norm » March 13th, 2020, 4:17 pm

Manager of my local Coral gave me a Brexit 50p.. He collects and has a good collection ...he still only has about 7 Alphabet 10p coins. I've not got any yet
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pembsexile

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Sunny and warm Pembrokeshire

Re: Calling all Numismatists

Postby pembsexile » March 14th, 2020, 1:31 pm

mad norm wrote:Manager of my local Coral gave me a Brexit 50p.. He collects and has a good collection ...he still only has about 7 Alphabet 10p coins. I've not got any yet


If he has any A, B, F, N or T tell home to keep them. They are the rarest. Even the Royal Mint swap shop doesn’t have any of them.

I have not had one at all in my change either.
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neilcork68

Re: Calling all Numismatists

Postby neilcork68 » March 14th, 2020, 6:34 pm

When HRH pops her 'clogs' how long will we still use the notes with her face on it ??

Given that she is 93 its a gamble to print new notes with her face on it.
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pembsexile

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Re: Calling all Numismatists

Postby pembsexile » March 15th, 2020, 10:03 am

neilcork68 wrote:When HRH pops her 'clogs' how long will we still use the notes with her face on it ??

Given that she is 93 its a gamble to print new notes with her face on it.


My understanding is that new notes and coins will not be printed or minted until after the Coronation of the new Monarch. That may be some time after the ‘changeover’.

The Bank of England says that the new polymer notes (all denominations) are scheduled to last for 5 years instead of 2 for the paper notes. In any case the BoE says it will keep using the old type notes for a minimum of 6 months, so I suppose it is fair to assume the same rules will apply in the future.
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pembsexile

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Sunny and warm Pembrokeshire

Re: Calling all Numismatists

Postby pembsexile » March 21st, 2020, 5:43 pm

No footie results to check so I can give you some coin news for those that are interested.

Every year, coins that are produced by the RM go to the Trial of the Pyx at the Goldsmiths Hall at Foster Lane in the City of London. A person called the Queens remembrancer presides over a court of the Worshipful Company of Goldsmiths to check the coins for accuracy.

This year, on January 28th, the trial started. The trial saw the largest coin that the Royal Mint ever produced in its history go on trial. It is a 5 Kilogram, 999 fine gold, 17.5 cm, proof £5,000 Una and the lion gold coin. They have already completely sold out.

The Trial of the Pyx has been going on since 1282 and were stringent penalties applied in the past if the coin was found ‘guilty m’lud’. In 1318 the then Master of the Mint went to prison for 6 weeks because the coin was not up to specification. Even Sir Isaac Newton when he was Master of the Mint was at loggerheads with the jury when the integrity of his coins was questioned.

The Queens Remembrancer in line with normal procedure has adjourned the trial until May so that the coins can be tested by the Goldsmiths Company Assay Office and the National Measurement Office. We await the verdict with baited breath. The jury is out. Phew. :grin:
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