Posts Tagged ‘Bank of England’

Does Margaret Thatcher fit the bill? The hunt for the new face of the £50 note.

In their search to find a suitable candidate to feature on Britain’s new polymer £50 note, the Bank of England has received over 175,000 nominations, including the late Baroness and former Prime Minister, Margaret Thatcher.

Some 800 of the names put forward are actually eligible to become the new face of the £50 note, with the Bank of England requiring the notable person to be real, deceased and have contributed in some way to UK science.

So does Margaret Thatcher fit the bill?

 

Maraget Thatcher - Does Margaret Thatcher fit the bill? The hunt for the new face of the £50 note.

Late Baroness and former Prime Minister, Margaret Thatcher. Credit itv.com

 

Most famed as Britain’s first female Prime Minister and the UK’s longest-serving leader of the 20th century during her time as Conservative Party leader from 1979 until 1990, what many people may not know is that Margaret Thatcher’s early career was actually in the field of science, as she worked as a research chemist.

In fact, for a period of time she worked for J Lyons, creating emulsifiers for ice-cream and developing the much-loved soft scoop!

However, it was during her later political career that people started to think of Maggie as cold and frosty, as her nickname ‘The Iron Lady’ suggests. Her uncompromising political style made her one of the most controversial political figures in British history.

Considering her degree in chemistry and following her famous work with ice-cream, you can certainly agree that she has contributed to the UK field of science, but would you like to see her on the new polymer £50 note?

 

thatcher note - Does Margaret Thatcher fit the bill? The hunt for the new face of the £50 note.

Guido Petition’s interpretation of the £50 note featuring Margaret Thatcher. Credit: order-order.com

 

The Bank of England has published a list of names nominated in the first week of the selection process, as a preliminary stage of identifying eligible names for consideration.

Initial speculation seems to favour Professor Stephen Hawking, Alan Turing, Ada Lovelace and Rosalind Franklin as suggestions for the new note, however other more unusual names also made the list, including Will Hay (comedy actor/amateur astronomer) and Roger Bannister (first runner to achieve a four-minute mile).

You have up until the 14th of December to continue nominating characters via The Bank of England’s website. We don’t yet know when the chosen notable person will be announced or when the new note will be released, other than it will be after the new £20 polymer note featuring JMW Turner which will be released in 2020.

So would you like to see Margaret Thatcher on the new polymer £50 note?  Change Checkers voted in our poll on Facebook and the results are in:

 

margaret thatcher vote - Does Margaret Thatcher fit the bill? The hunt for the new face of the £50 note.

 

It’s clear that Maggie isn’t a favourite to feature on the new £50 note, but who from the scientific community would you like to see on the note? Let us know in the comments below.

 


If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:

– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers

Change Checker Web App Banner 2 Amends 1024x233 1 1024x233 - Does Margaret Thatcher fit the bill? The hunt for the new face of the £50 note.

Sign up today at: www.changechecker.org/app

Who would you like to see on the new polymer £50 note?

This weekend, the Bank of England confirmed that the £50 note will remain part of UK currency and a new batch will be issued after the £20 note in 2020 following a public nomination process to select potential characters to appear on it.

In keeping with the new £5 and £10 polymer notes, the £50 will also be printed on thin, flexible plastic polymer material, making them cleaner, safer and stronger.

In September 2016, the first polymer £5 note featuring Winston Churchill entered circulation in the UK. Its success lead to the Jane Austen £10 polymer note being released the following year and plans for the first polymer £20 note featuring artist JMW Turner to be issued in 2020. It will be down to the public to decide who should appear on the new £50 notes, so who would you nominate? 

20 note concept image - Who would you like to see on the new polymer £50 note?

£20 concept image. Credit: Bank of England.

The £50 note was first introduced in 1981 and there are now 330 million in circulation, totalling a combined value of £16.5 billion!

Recently there have been fears that £50 notes are being used for criminal activity such as tax evasion and are rarely used for standard purchases. However, the Treasury has said that this new batch of polymer notes has been designed to be more secure and harder to forge, meaning that they are here to stay.

50 specimen front - Who would you like to see on the new polymer £50 note?

2011 £50 note. Credit: Bank of England.

They will also be more durable and environmentally friendly than their predecessors, lasting roughly 2.5 times longer than paper notes.

Sarah John, the Bank’s Chief Cashier, said: “I’m very excited to be starting the process of introducing a new £50 note. At the Bank, we are committed to providing the public with high quality notes they can use with confidence. Moving the £50 note onto polymer is an important next step to ensure that we can continue to do that.”

What are your thoughts on the £50 note and who would you like to see feature on the next polymer batch? Let us know in the comments below!


If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:

– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers

Change Checker Web App Banner 2 Amends 1024x233 1 1024x233 - Who would you like to see on the new polymer £50 note?

Sign up today at: www.changechecker.org/app

A new Polymer Jane Austen £10 note has sold for £3,600!

On the day the new Polymer £10 note was released, we published a blog detailing which of the new Polymer Jane Austen £10 notes you should all be looking out for.

We predicted that notes which feature key Jane Austen dates, such as the year of her birth and death, will prove to be very popular with collectors…and it seems that we were right!

A Polymer £10 note with serial number AH17 75 (the year of Jane Austen’s birth) has sold on eBay for a whopping £3,600 – 360 times face value!

c2a310 note ebay - A new Polymer Jane Austen £10 note has sold for £3,600!

A Polymer Jane Austen has sold for £3,600

As expected, notes whose serial number starts with AA (the first off the press) are also proving very popular; AA01 notes have sold for between £40-£70 on the auction site.

AK47 notes are also catching the eye of collectors with these selling for between £20 – £40.

Bank of England Charity Auction

On the 6th October, Spink and Son auctioneers will be selling some of the very lowest serial numbered Polymer £10 notes on behalf of the Bank of England. All money raised from the sale will be donated to three charities: Candleighters, Haven House Children’s Hospice and Macmillan Cancer Support.

In total they are 137 lots with the lowest serial numbered note AA01 000010 estimated to fetch between £2,000 – £3,000. The highest serial number in the auction is AA01 002016 which is expected to be sold for between £200 – £300.

c2a310 note auction - A new Polymer Jane Austen £10 note has sold for £3,600!

The lowest serial numbered note is expected to be sold for between £2,000 – £3,000

There is also a sheet of 54 £10 notes available to bid on and this could reach between £4,500 -£6,500!