First World War
The fascinating history of the ‘Ten Bob’ banknote…
The 10 Shilling Note, or ‘ten bob’, was a goodly sum in the old days – in the 1960’s it could buy 6 pints of beer, 10 loaves of bread, or 17 pints of milk.
It’s hard to imagine its decimal equivalent, the 50p, buying so much these days!
This old banknote has a fascinating history, from being issued by the Government in a wartime emergency, changing colour to avoid forgery from the Nazis and eventually being replaced by the world’s most popular coin.
The Emergency Banknote
In August 1914, the British economy was in turmoil because of the instability brought on by the oncoming war on the continent. Bankers and politicians were desperately looking for ways to secure Britain’s finances and prevent the banks from collapsing.
The Government decided that a large supply of banknotes had to be made available for the value of 10 shillings, making it easy for the public to make small transactions. However, The Bank of England was not able to prepare and print the required number of notes quickly enough, so the Government took the unprecedented step of deciding to issue the notes itself.
These banknotes became known as the Treasury banknotes and were unlike anything the British public had ever seen. Until this point the lowest denomination banknote was £5, and in those days this was such a large sum that many people would never have seen or used a banknote before.
That means that these Treasury notes now stand out as the first widely circulated banknotes in England.
The Wartime colour change
In 1928, the responsibility for printing Ten Shilling Notes was transferred to the Bank of England.
However, not long afterwards Britain once again found itself at war, and again found its currency under threat.
During World War II, Nazi Germany hatched a plan to undermine British currency. Through Operation Bernhard they believed that they had discovered a method to manufacture counterfeit ‘White Fivers’ and planned to distribute these in huge numbers to destabilise the British currency.
The Bank of England decided to take preventative action and, as a result, the 10 Shilling note was changed for duration of the war to a distinctive pink and blue in an attempt to prevent counterfeiting. It was also revolutionary in the progression of banknote technology by incorporating a metal security thread.
The Nazis could not compete with this high level anti-forgery technology and hence the British 10 Shilling Note stayed strong and supported the British wartime economy as it had done since its conception.
The 50p revolution
After undergoing a colour change during the Second World War, the ‘ten bob’ note reverted to the familiar red-brown until 1961, when a new design featuring a portrait of Queen Elizabeth II was introduced.
Despite a new design for the 10 Shilling Note featuring Sir Walter Raleigh on the reverse being approved in 1964, as part of the process of decimalisation it was dropped in favour of the new fifty pence coin introduced in 1969.
The principle reason for the change was to save the treasury money, the notes had an average lifetime of around five months, whereas a coin could last for fifty years. The 50p has since gone on to become the world’s most popular and collected coin, but nowadays few realise the fascinating history of its predecessor, the 10 Shilling Banknote!
If you’re interested…
It’s now been 50 years since the last 10 Shilling Banknote was issued – which is why you now have the chance to pay tribute to this famous old note with a LIMITED EDITION DateStamp™. But only a very limited number of 10 Shilling Notes will be released in this way, so you’ll need to be quick if you want to secure one for your collection! Click here to order one today >>
The 50 years of the 50p celebrations continue with a tribute to British military history
This year the 50p turns 50 years old. And to mark the occasion The Royal Mint re-issued for 2019 some of the most popular 50ps to have ever been issued – including the rare Kew Gardens 50p which is the pinnacle for most collectors.
Unsurprisingly, the limited edition proof sets sold out in record time – just 2 hours!
Now, to continue the celebrations of the 50th year of the 50p, The Royal Mint has released a second set of iconic 50ps, this time celebrating British military history. It is no coincidence this collection has been released on the 75th Anniversary of D-Day.
The collection has been officially released today, in a number of precious metal versions and we’re delighted to provide you with all the details you need to know about this latest edition to the 50p family…
Five iconic designs celebrating British military history
Each set includes five popular 50p designs which are a true tribute to British military history, including:
- 50th Anniversary of D-Day – originally issued in 1994, the design depicts the D-Day landings of the Allied forces as they head for Normandy by air and sea.
- Victoria Cross Heroics Acts – released in 2006, this 50p commemorates the 150th Anniversary of the Victoria Cross and is one of two designs issued to honour award. This one features a design of a soldier carrying an injured comrade.
- 150th Anniversary of the Victoria Cross Award – the second 50p issued in 2006 to mark the 150th Anniversary of the Victoria Cross, featuring an image of the medal itself.
- 75th Anniversary of the Battle of Britain – first issued in 2015, this 50p features three airmen running to their planes with enemy aircraft overhead.
- 950th Anniversary of the Battle of Hastings – showing the scene from the Bayeux tapestry depicting King Harold with an arrow in his eye, this coin was originally released in 2016.
Demand for military commemoratives is at an all-time high, especially this year when we mark the 75th Anniversary of D-Day, and as such it is expected these sets will attract a lot of interest from collectors.
50th Anniversary of the 50p Military Brilliant Uncirculated Pack
To give as many collectors as possible the chance to own these highly sought-after coins, The Royal Mint has issued them in Brilliant Uncirculated quality, which is coveted by collectors as it means each coin is free from any marks you would find on circulated coins.
Each one is protectively encapsulated in its attractive original Royal Mint packaging to preserve its quality for generations to come. What’s more, you can secure this BU Pack at the Royal Mint issue price of just £45 (+p&p). Click here to find out more>>>
50th Anniversary of the 50p Military Base Proof Set
Whilst being struck from base metal, the coins in this set have been struck to a stunning superior proof finish. Just 3,500 50th Anniversary of the 50p Military Base Proof Sets have been released worldwide, making this set extremely sought after.
You can order the new 50th Anniversary of the 50p Military Base Proof Set here with a down payment of just £19.80 (+p&p) followed by 4 further interest-free instalments. Click here to find out more>>>
50th Anniversary of the 50p Silver Proof Set
However, you can own the 50th Anniversary of the 50p Military Set in an even more limited way – so limited just 1,969 collectors worldwide can own it.
Each set contains the same five iconic 50p designs, but these have been struck in superior .925 Sterling Silver to a perfect proof finish. Given how popular commemorative 50ps are, this ultimate set is sure to be an even bigger hit.
You can secure this extremely limited set for your collection now for just £29.50 (+p&p), followed by just 9 further equal interest-free monthly instalments. Click here to find out more>>>
50th Anniversary of the 50p Gold Set
Finally, the rarest set of all. Just 75 collectors worldwide will be able to own the 50th Anniversary of the 50p Military Set impeccably struck from 22 Carat Gold to a proof finish.
Every school child on the Isle of Man presented with very special 50p coin!
All those in full time education on the Isle of Man recently received a specially minted coin to mark the First World War Armistice Centenary.
In a move designed to ensure the younger generations do not forget the sacrifices made by those who fought in First World War, they were each given a distinctive 50p coin featuring selectively coloured red poppies. Each coin, commissioned by the Treasury, was presented in its own individual display case to ensure that it could be kept safe and handed down to future generations.
The reverse of this coin features the First World War soldier from the Douglas war memorial, with the words ‘Their name liveth for evermore’ and the dates ‘1914 1918’, beneath which are the Roman numerals ‘XI.XI.XI’ as a reminder of the final time and date of the War’s end.
Coins to enter circulation
There’s also great news for collectors on the Island as Cupro-Nickel versions of these coins, without the selective colouring, will be released into general circulation.
A launch event was held at the Legislative Buildings on the Island with the President of Tynwald, Speaker of the House of Keys, the Chief Minister and Treasury Minister in attendance, along with a number of other specially invited guests.
Specially commissioned Proof version
Working in partnership with the IOM Government, The Westminster Collection developed a proof version of this hugely poignant coin, struck to the highest possible finish. When you consider the importance of the centenary anniversary alongside the tiny worldwide edition limit of just 1,950,it comes as no surprise that they sold out in a matter of days.
However, The Westminster Collection are also offering specially struck collector quality “Brilliant Uncirculated” coins that are guaranteed not to have the scratches and chips of normal circulation coins.
What’s more, this coin has been officially approved and produced in partnership with The Royal British Legion.
10% from the sale of each coin will be donated to the Legion who provide lifelong support for the Armed Forces community- serving men and women, veterans and their families.
If you’re interested…
Today you can secure your very own First World War Centenary 50p. All you have to do is click here >>
