Later this year, a brand new banknote will enter circulation, but this banknote will be unlike any other seen before…
It wasn’t until 1793 that the first five pound note came into existence. The £5 denomination, known as the ‘white fiver’ lasted with relatively few changes until 1956 when it was last issued and replaced a year later with a new blue five pound note.
A ‘white fiver’ recovered from the depths of the sea following Operation Bernard
The banknote was changed primarily to combat forgery following ‘Operation Bernhard‘ – a huge German war effort which took place during the Second World War and saw around 9 million fake notes printed.
Of course, there have been numerous changes to the £5 banknote since then, from different designs, sizes, colourings and security features.
In 1970 a new series of notes were designed, each featuring an historical figure on the back. Portraits and highly detailed machine engraving blended into historical scenes making the new notes more difficult to copy.
The 1971 £5 Banknote. Designed by Harry Eccelston OBE, the Bank of England’s first full time Artist-Designer.
But perhaps the biggest change of all is yet to come…
On 13th September 2016 a brand new banknote will enter circulation featuring the portrait of much-loved Prime Minster, Sir Winston Churchill . However, this new fiver is unlike any we have ever seen before – it’s printed on polymer.
The New Sir Winston Churchill Polymer £5 Note © Bank of England [2015]
The new note has a number of security features including a see-through window and foil Elizabeth Tower – which is gold on the front and silver on the back. It also features multiple holograms and micro-lettering under the Queen’s portrait – which can only be viewed under a microscope.
You have until May 2017 to spend your current £5 notes, after that they will cease to be legal tender – but will still be exchangeable at the Bank of England.
What do you think about the new era of plastic banknotes? Let us know in the comments below.
You can own Britain’s most famous banknote… in silver!
In a remarkable feat of craftmanship the White Fiver banknote has been re-isued in fine silver – and you can add one to your collection today.
I guess for any coin collector – certainly metal detectorists, the excitement of uncovering hidden treasures are what dreams are made of.
That was certainly the case for these five discoveries – from losing a hammer and finding a hoard of Roman coins, to uncovering sunken treasure in Israel. Each of these findings are incredible…
- The Hoxne Hoard
Hoxne Hoard: Display case at the British Museum showing a reconstruction of the arrangement of the hoard treasure when excavated in 1992.
Photograph by Mike Peel (www.mikepeel.net).
The Hoxne Hoard is the largest hoard of late 4th century Roman silver and gold ever discovered in the United Kingdom.
The hoard of treasure was discovered on November 16th, 1992. Farmer Peter Whatling, from the village of Horne in Suffolk, had lost his hammer in his field and had asked his friend, a retired gardener and amateur metal detectorist to help him look for it. While searching the field Lawes discovered silver spoons, gold jewellery and numerous gold and silver coins.
Upon alerting landowners and the local police, a team of archaeologists from the Suffolk Archaeological Unit carried out an emergency excavation of the site and discovered 14,865 Roman gold, silver and bronze coins from the late fourth and early fifth centuries along with approximately 200 items of silver tableware and gold jewellery.
The objects are now in the British Museum in London and are said to be worth around £3.1 million. As for the errant hammer? That’s now in the British Museum, too!
- The Staffordshire Hoard.
A selection of highlight pieces from the Staffordshire Hoard
In July, 2009, Terry Herbert was using his metal detector on a recently ploughed field in Staffordshire when he discovered the largest trove of Anglo-Saxon treasure ever found.
Over 3,500 military items were discovered including weaponry items as well as several religious artifacts and decorative items. It is said that the hoard dates back to the 8th century and has influenced the way historians think about that period in English history.
Valued at approximately £3.3 million, it has since been purchased by the Birmingham Museum & Art Gallery and the Potteries Museum & Art Gallery.
- Caesarea Sunken Treasure
Nearly 2,000 gold coins were discovered off the coast of the ancient city of Caesarea, Israel. The gold coins are about 1,000 years old, and were minted by the Fatimid Caliphate, which ruled much of North Africa at the time.
Credit: Israel Antiquities Authority
In 2015 a group of Scuba divers were exploring the sea bed near the harbour of Caesarea National Park, Israel. They thought they had stumbled across a child’s toy when they found the first gold coin, but when they saw how many more there were and looked more closely at the engravings on them, they realised they had in fact discovered something a lot more significant.
Almost 2,000 coins were recovered, all of several different denominations and had been minted at different times. The earliest coin found in the treasure was a quarter dinar minted in Palermo, Sicily in the second half of the ninth century CE. Most of the coins though belong to the Fatimid caliphs Al-Ḥākim (996–1021 CE) and his son Al-Ẓāhir (1021–1036), and were minted in Egypt and North Africa.
The exact value of the coins today is still unknown.
- Harrogate Hoard
Coins and bullion from the Harrogate hoard. Discovered January 2007.
In January 2007, semi-retired businessman David Whelan and his son Andrew discovered the Harrogate hoard using metal detectors near the town of Harrogate in North Yorkshire.
It was the largest Viking hoard discovered in Britain since 1840 and consists of 617 silver coins and 65 other items, including ornaments, ingots and precious metal – all of which was hidden in a gilt silver vessel lined with gold which was made in France or Germany around 900.
The coins date from the 10th Century and come from all over Anglo-Saxon England, as well as parts of Asia. Reports indicate that the coins bear Islamic, Christian, and pre-Christian Norse pagan symbols.
The independent Treasure Valuation Committee valued the hoard at £1,082,000. The hoard was purchased jointly by the York Museums Trust and the British Museum.
- The Frome Hoard
The Frome Hoard of 52,503 Roman coins.
In April 2010, metal detectorist Dave Crisp discovered 52,503 Roman coins near Frome in Somerset.
The coins were contained within a ceramic pot and date from AD 253 to 305. Most of the coins are made from debased silver of bronze and was the equivalent of four years of pay for a Roman legionary.
Weighing 350 pounds, the coins may have been buried as an offering for a good harvest or auspicious weather.
The hoard is one of the largest ever found in Britain, and is also important as it contains the largest group ever found of coins issued during the reign of Carausius, who ruled Britain independently from 286 to 293 and was the first Roman emperor to strike coins in Britain.
The hoard could fetch at least £250,000 today.
Have you ever discovered any hidden treasures? Let us know in the comments below…
If you’re interested…
You can now own your own treasure chest containing 1kg of mixed coins, medals and tokens from all around the world.
Each ‘mystery mix’ is completely different – who knows what you may find in yours…
The Westminster Collection has reached an incredible fundraising milestone having raised £500,000 for The Royal British Legion.
Stephen Allen presents the ‘Battle of the Somme Centenary Proof £5 Coin’ to Ian Jarvis, Community Fundraiser for The Royal British Legion. (L-R: Stephen Allen, Chairman, The Westminster Collection; Ian Jarvis, Community Fundraiser for The Royal British Legion Dorset; Max Allen, Stephen’s eldest son.)
The Westminster Collection has raised the staggering amount since 2008 through the sale of commemorative remembrance-themed coins, honouring the lives of those who made the ultimate sacrifice in service to their country.
This year a special limited edition centenary £5 proof coin has been issued to commemorate the 100th anniversary of the Battle of the Somme
The Battle of the Somme Centenary Proof Coin is the only Proof £5 Coin commemorating the Battle of the Somme issued in support of the Legion available anywhere in the world,
The Battle of the Somme £5 Proof Coin
Stephen Allen, The Westminster Collection’s Chairman, said
“My own family has a close personal history with World War One and we wanted to create unique products which could be passed on to children or grandchildren, to make sure this terrible conflict is never forgotten.”
And the partnership between The Westminster Collection and the Legion is to continue with the announcement of a new three-year partnership.
Stephen added: “Though we have been working in partnership with The Royal British Legion since 2004, the first Poppy Coin came about in 2008 as a way to commemorate the 90th anniversary of the end of the First World War.
“We are delighted that the partnership has continued to grow.”
Claire Rowcliffe, Head of Regional Fundraising at The Royal British Legion, said: “We are extremely proud of our long-term partnership with The Westminster Collection.
Thanks to @WestminsterGB who raised an amazing £500K for our Armed Forces community with their Poppy Coin collection! pic.twitter.com/YCBkxsienQ
— Royal British Legion (@PoppyLegion) October 18, 2016
“The Westminster Collection is a family business which shares our commitment to supporting the entire Service community; whether it’s helping veterans to remain independent in their homes, offering dementia support and employment or compensation advice, or ensuring people have access to the benefits they deserve.
“Raising £500,000 for the Legion is a truly incredible fundraising milestone. The funds have enabled us to support the memory of the fallen, as well as the future of the living.”
Own the Battle of the Somme Centenary Proof Coin for just £25…
The Battle of the Somme coin has been issued to pay tribute to the 100th Anniversary of the Somme. Designed with the Somme battlefields in mind, the reverse features a masterfully printed and haunting poppy field with an engraved scene depicting soldiers going ‘over the top’ into battle.
Click here to secure your coin for just £25 (+p&p) – with a donation going directly to the Legion’s work.
Some examples of how The Royal British Legion supports the Armed Services community:
Care Homes – The Legion has six care homes to provide short and long term care for serving and ex-Service people and their dependants. Situated around the country, they offer a wide range of services including four with specialist dementia care. Care home communities include men and women of varied ages and abilities, and because these homes are exclusive to ex-Service people and their dependants, there is a unique camaraderie.
Break Centres – they offer much-needed breaks to ex-Service and serving personnel and their families, who may be recovering from an illness, bereavement or other life-affecting event. The Legion have four Break Centres located in prime locations around the country.
Handy Van Service – they provide essential and critical support to ex-service people who are unable to carry out household repairs or small jobs, helping them to remain independent in their own homes. The team of trusted handy people are also fully trained caseworkers enabling them to look out for other issues and people at risk in order to flag to the wider welfare team.
Benefits and Money Advice – they offer a confidential, face-to-face Benefits and Money Advice Service to help people manage their finances, including assisting them with making claims for state benefits and also dealing with money problems including debt.
Civvy Street – This service provides a range of information and advice on resettlement, learning and work. Civvy Street is designed to assist in-Service families, armed forces leavers and the veterans’ community adjust to civilian life and kick-start a new career.