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During the First World War, gold was preserved by the government and gold coins in circulation had to be withdrawn.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.
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 >>
Last month, I had a fantastic opportunity to get up close and personal to one of the world’s most famous aircraft – the Spitfire!
The iconic Supermarine Spitfire was critical in defeating Luftwaffe air attacks during the Battle of Britain in 1940, and so to mark the 80th anniversary this year, I knew we had to arrange something unique to produce a truly special collectable coin worthy of the historic anniversary.
So on the 23rd July I drove up to the historic Duxford Aerodrome to have 1,000 brand new Proof £5 coins flown in an original WWII Spitfire.
Now the purpose of my visit was to have 1,000 Official Battle of Britain £5 coins flown in an original WWII Spitfire, but I was also able to talk to RAF Flight Lieutenant Antony ‘Parky’ Parkinson in great detail about his time in the RAF and as an ex-Red Arrow ahead of the Battle of Britain anniversary. You can see Parky discussing his career and the Spitfire in the video below…
Before Parky took the ‘NH341’ Spitfire to the air, I helped him secure the 1,000 Battle of Britain Spitfire £5 coins into the wing bays which would have once held the fighter plane’s armaments while defending Britain in the skies 80 years ago. The space in the wing bays is extremely limited, hence the limited number of coins that were able to be taken to the sky.
Standing within a few feet as the famous Rolls Royce engine fired up, I watched in awe as the elegant, agile aircraft taxied along the runaway and gracefully took to the skies.
Although many 80th anniversary plans up and down the country have had to be cancelled, I am delighted to be able to give a limited number of collectors the opportunity to become the proud owner of the BRAND NEW Official Proof £5 coin that has been flown in an original WWII Spitfire plane. But that’s not all, as I was also able to arrange for them to be personally hand-signed by Parky.
The brand new Spitfire £5 coin is a fantastic commemoration of the famous plane and I am grateful that I had the opportunity to mark the 80th anniversary of the Battle of Britain with such a fitting tribute.
So I’m sure you can appreciate what a genuinely rare collectable these will instantly become and demand is expected to exceed availability. If you wish to secure one for your collection, you need to act quickly by clicking here.
Thank you to Flight Lieutenant Antony Parkinson MBE and the rest of the team at Aerolegends for helping to take the Spitfire £5 coins to the sky and for giving me the opportunity to see this famous warbird in the flesh.
If you’re interested, you’ll need to be quick as over 50% have already been reserved. You can secure the Official Battle of Britain Proof £5 coin now for JUST £35 by clicking here >>
And remember, not only will your official Battle of Britain £5 Proof coin have been flown in an original WWII Spitfire, it is also one of just 1,000 coins that have been personally signed by Lieutenant Antony Parkinson ‘Parky’, MBE.
*** BRAND NEW Battle of Britain coins – on sale now ***
This year marks the 80th Anniversary of the Battle of Britain. Fought over British skies during 1940, the battle was a turning point in WWII and ultimately saved Britain from German invasion.
In 1940, a terrifying dark shadow descended over Europe. The relentless advance of Hitler forces overwhelmed everything in their path and the world suddenly became very dark. Following the evacuation of French and British soldiers from Dunkirk and the subsequent French surrender on 22nd June 1940, Hitler believed that WWII was practically over and that Britain would quickly come to terms. However, even with a seemingly unstoppable enemy on the doorstep, Winston Churchill stepped up to become Britain’s wartime leader and refused to surrender.
On 10th July 1940 a battle was fought – and won – by a courageous few; arguably one of the crucial turning points that led to British Victory in WWII.
The Battle of Britain remains one of the truly great chapters in our history, and to mark 80 years since that momentous battle, a brand new range of commemoratives have been issued. Whether you’re looking for the new centrepiece for your collection, you’re an avid collector, a Military enthusiast or you’re looking for the perfect tribute, there’s bound to be something within the range for you.
Or, find out more about each of the stunning coins we have available below….
JUST 150 collectors can own this BRAND NEW Battle of Britain Silver 5oz Coin
Struck in five ounces of 925/1000 solid silver, this coin barely fits in the palm of your hand. Not only is the size and weight impressive – but so is its engraving.
Approved by Her Majesty the Queen, the reverse design has been created by renowned sculptor Mike Guilfoyle and takes inspiration from an old war-time poster synonymous with the Battle of Britain. The design features three pilots in front of an aircraft with the text ‘The Battle of Britain 1940-2020’ to honour the heroic efforts of the RAF in changing the course of WWII and leading us to victory.
Battle of Britain 80th Anniversary Gold Proof Sovereign – 15 times RARER than the UK’s recent Gold Proof Sovereign!
Over the years, the popularity of various coins have come and gone. But none have stayed as unrivalled as the Gold Sovereign. Quite simply, the Sovereign is without a doubt the world’s premier Gold Coin. Struck from 22 Carat Gold to the exact same specification since 1817, it epitomises all that is British.
Issued in recognition of the historic Battle of Britain 80th Anniversary, this extremely limited Isle of Man Gold Proof Sovereign is limited to just 495 pieces. This is more than 15 times RARER than the UK’s recent Gold Proof Sovereign. 495 coins is a tiny edition limit for a gold Sovereign-specification coin such as this.
This brand new British Isles Sovereign is the most important gold coin you can find right now. Click here to secure one for yourself >>
JUST 495 Battle of Britain 80th Anniversary Gold Proof Pennies Authorised
To mark such a historic anniversary, a special strike of 495 Solid Gold Pennies have been authorised. The release of a Gold Penny is an extremely rare event and one that collectors will look out for, especially as they are only issued to mark the most important anniversaries and are always severely limited. In fact, this is the most limited issue for some time.
The exquisite design features three Spitfire silhouettes engraved on to the coin to signify the bravery of all the RAF pilots who defended our skies In the summer of 1940. It has been struck in Solid Gold to the standard United Kingdom Penny diameter and finished in the collectors preferred finish, Proof.
The Limited Edition Battle of Britain 80th Anniversary Spitfire Silver Proof £5
The £5 coin is the single most prestigious coin issued across the British Isles, reserved for the most important commemorations of the year. The Battle of Britain anniversary is certainly no exception deserving of only the very finest commemorative £5 coin.
The design features the legendary Spitfire with a Union Jack trailing from behind. Also, a notable inclusion to the edge of the design is an excerpt from Winston Churchill’s famous speech ‘So Much, So Many, So Few’, his moving tribute to the brave pilots of the RAF.
The background fittingly displays a ‘V for Victory’ design which has been finished with the unique addition of Spitfire silhouettes.
Only 2,020 coins have been issued worldwide. This unprecedented decision comes as a surprise, especially when you consider the historical significance of this anniversary.
Officially Licensed RAF Spitfire Gold-plated Coin
This Official RAF Battle of Britain 80th Anniversary Gold-Plated Coin comes highly recommended. Not only is it extremely desirable in its own right, it is a fantastic tribute to the skilled pilots both past and present who have had the honour flying in the RAF. It features a dramatic colour recreation of the legendary Supermarine Spitfire by renowned Airfix artist Adam Tooby.
Featuring 24 carat gold-plating and struck to a flawless Proof finish, this is the perfect Battle of Britian 80th Anniversary commemorative.
Please note, extremely high demand is expected for these brand new Battle of Britain Commemorative coins. It is highly advised that you act quickly to secure your favourite pieces from the collection to avoid disappointment.