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Posts Tagged ‘banknotes’

£1.5bn worth of old banknotes still in circulation!

It’s been more than two years since the old £5 notes were withdrawn from circulation, and yet 118 million of these notes still have not been returned.

This figure, combined with the 94 million old £10 notes left to be returned (following the withdrawal of the paper note in 2018) means that over £1.5bn worth of outdated banknotes are currently in circulation!

In fact, you might just have one in your pocket/wallet/down the back of the sofa right now!

£1.5bn worth of old banknotes still in circulation!

A spokeswoman from the Bank of England said that the 224 million £5 notes returned was lower than expected, but the 697 million £10 notes returned was in line with their expectations.

It’s possible that these unreturned notes have been lost or damaged, or even held on to by collectors following the introduction of the new polymer notes.

Whilst these paper notes are no longer legal tender, they can still be exchanged at the Bank of England and there is no time limit on this.

I still remember the excitement of the first polymer £5 notes which were introduced in 2016 and whilst they definitely felt alien to begin with, I think it’s fair to say that we have all become accustomed to the polymer design and finding an old £5 or £10 note nowadays is a nostalgic experience.

In fact, many collectors were eager to get hold of some of the more unusual serial numbers for the new Winston Churchill polymer £5 and Jane Austen polymer £10 when they were first released.

And I’m certainly looking forward to seeing the polymer £20 and £50 notes which will be released in coming years.

So do you have any old banknotes lying around? There’s over £1.5bn of them out there somewhere…


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 - Your January 2019 Scarcity Index update!

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

Face of the Fifty Pound Note REVEALED!

This morning The Bank of England revealed Alan Turing as the new face of the £50 banknote, which will be released into circulation in 2021.

In their search to find an eminent British scientist to feature on the £50 note, a total of 227,299 nominations were sent to The Bank of England. 989 eligible characters were narrowed down to a shortlist of just 12 before Turing was finally selected.

Other candidates included Rosalind Franklin, Stephen Hawking, Ernest Rutherford and Mary Anning to name a few.

The Bank’s chief cashier, Sarah John said, “The strength of the shortlist is testament to the UK’s incredible scientific contribution. The breadth of individuals and achievements reflects the huge range of nominations we received for this note and I would like to thank the public for all their suggestions of scientists we could celebrate.”

Face of the Fifty Pound Note REVEALED!
£50 banknote concept. Credit: Bank of England

About Alan Turing

Alan Turing is perhaps best known for his outstanding code-breaking which was vital to the Allied victory in WWII.

However, he was also considered a pioneer in computer sciences and the development of the early computer. His work has had an enormous impact on our lives today.

The Bank of England governor, Mark Carney said, “Alan Turing was an outstanding mathematician whose work has had an enormous impact on how we live today. As the father of computer science and artificial intelligence, as well as [a] war hero, Alan Turing’s contributions were far ranging and path breaking. Turing is a giant on whose shoulders so many now stand.”

Sadly, in 1952 he was prosecuted for homosexual acts and died in 1954 from cyanide poisoning. It was determined that his death was an act of suicide.

The new note

Next year the new £20 polymer note will be issued, featuring British Artist, JMW Turner.

This will be the third UK banknote to be made from polymer and will be swiftly followed by the new £50 note in 2021, thus completing the UK’s changeover to plastic banknotes.

These notes are more durable, secure and environmentally friendly than paper notes.

Face of the Fifty Pound Note REVEALED!

The future of cash

There have been debates in recent years as to whether or not Britain should become a cashless society.

The rise of card and electronic payments means that many see cash as becoming obsolete, with the 1p and 2p coins at the heart of the debate.

In addition to this, the validity of the £50 note has also been questioned, as it is rarely used in everyday payments and is widely thought of as being used by criminals.

The good news for Change Checkers is that the Treasury have confirmed that cash will be around for years to come.

And, with the introduction of the new Alan Turing £50 note in 2021, I think it’s fair to say that cash is still king.


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

Time for change? What is the future for 1p and 2p coins?

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

How much is my coin worth? June 2019 eBay Tracker update!

We’re excited to present your latest eBay Tracker and Valuation Index for the Top 10 UK coins and banknotes!

The secondary market can be a bit of a minefield, but if you’ve found a rare coin or banknote and want to work out how much it might be worth, we’ve done the hard work for you…

eBay Tracker

Find out which coins and notes have been the key movers and shakers in the updated eBay Tracker below.

How much is my coin worth? June 2019 eBay Tracker update!

The most notable increase from the last update goes (unsurprisingly) to the Kew Gardens 50p, which has increased in price on the secondary market by £5 and is currently selling for around £102 on eBay – more than 200 times its face value!

Whilst many collectors were concerned that the 2019 Brilliant Uncirculated re-issue of this 2009 coin would make it less collectable, it seems that in fact the opposite has happened and the reinvigorated hype surrounding the UK’s rarest 50p in circulation has led to an increase in demand for the coin, meaning collectors are willing to pay more to get their hands on one.

How much is my coin worth? June 2019 eBay Tracker update!
2009 Kew Gardens 50p

Other increases to mention are the AA01 serial number polymer banknotes, as both the £5 and £10 notes have increased by £2 since the last update, which is a 20% increase on January’s figures for the £5 and 11% for the £10 note.

Overall there has been a decrease in value for the Top 10 coins and banknotes and this is mostly due to the 2018 Sir Isaac Newton 50p, which has dropped by 32% on January’s figures and is currently selling for £40.50.

This coin was issued as a ‘Strike Your Own Coin’ from The Royal Mint Experience in 2018 and due to the short time frame it was available for, the number of coins struck could be really low, meaning it may well be very rare.

However the mintage figures for this coin haven’t been revealed by The Royal Mint yet, so we don’t know exactly how many were struck. When the official figures are released we could well see this coin increase in value on the secondary market.

Valuation Index

How much is my coin worth? June 2019 eBay Tracker update!

My coin isn’t on the eBay Tracker

The eBay Tracker follows the movements of the Top 10 UK coins and banknotes, however if your coin doesn’t appear on the tracker you can use our 6 point guide to help determine realistic a value for your coin.

So now that you’re up to date with our latest eBay Tracker, will you be selling any of the coins in your collection or will you continue to save them? Let us know in the comments below.

How does the eBay Tracker work?

The Change Checker eBay Tracker takes the last 9 sold prices achieved on eBay and gives the median price achieved (rounded to the nearest 50p). By taking the median, rather than an average, we avoid skewing created by one or two excessive prices achieved.

Please note that the Change Checker eBay Tracker is only ever designed to be a guide as to prices achieved on eBay. Prices may vary depending on collector demand and the quality of the coin being sold. It does not provide any guarantee as to future values of coins.


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

January 2019 eBay Tracker Update

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