Was this the most famous Banknote ever issued?
First issued by the Bank of England in 1694, Banknotes were originally supposed to be used as a receipt in exchange for gold loans to the bank. Owners of Banknotes could literally take their note to the Bank of England and exchange it for the equivalent price in gold.
In fact, all British notes still have the statement “I promise to pay the bearer on demand the sum of…” to this day.
Britain stopped using the gold standard in 1931, meaning that the right to redeem Banknotes for gold ceased. And by 1945, a metal thread had to be introduced on the £5 note following a security threat from Nazi Germany.
In this blog, we’ll explore the history of the ‘White Fiver’, why an estimated 70,000,000 of these ‘notes’ were burned and the story of one of wartime’s most over-the-top secret plots…
The Story Behind The ‘White Fiver’
The £5 note was only ever intended as a temporary measure, William Pitt, the Prime Minister at the time originally planned to take the £5 out of circulation once economic conditions improved. However, the £5 note has since become the longest serving denomination and at one point was even the highest denomination Bank of England note.
Active between 1793 and 1945, the Bank of England’s White Paper £5 note was the second variant of the denomination and became known as the ‘White Fiver‘. Much bigger than today’s equivalent (which stands at 135 x 70mm), the original paper notes were a huge 195 x 120mm.
But production of these notes was halted during World War II and a new metal thread security feature was introduced to combat counterfeiting attempts from Nazi Germany.
Operation Bernhard
The largest counterfeiting operation in history, Operation Bernhard was the codename of a secret Nazi plot to destabilise the British economy. The Nazis planned to drop counterfeit notes throughout Europe to cause artificial inflation of the British pound.
In 1942, production of counterfeit British ‘White Fivers’ began behind the gates of Sachsenhausen concentration camp. Prisoners worked to perfect the process, revealing over 150 secret security marks, creating identical ink, solving the serial numbering system and printing the notes. By 1945 it is estimated that 70,000,000 notes were printed by inmates – a cache of upwards of £100,000,000.
The plot never came to fruition and at the end of the war Nazis burned huge amounts of British “currency”. But the Bank of England didn’t take any chances and withdrew all circulating notes.
Unsurprisingly Operation Bernhard, as it was known, is remembered as one of wartime’s most over-the-top secret plots.
And that’s why, over 60 years since it was legal tender, the ‘White Fiver’ remains the most famous banknote ever issued…
Your Limited Edition Collecting Opportunity
Today you can own the White Fiver Gold-plated Ingot for FREE (+p&p) when you trial the History of Banknotes Collection.
Your White Fiver Ingot is plated in 24 Carat Gold and struck to a Proof-like finish, framing the famous black and white design superbly.
Just 9,950 of these White Fiver Gold-plated Ingots have been issued for collectors worldwide, a tiny number given the important part the White Fiver has played in British history.
And what’s more, you will gain exclusive access to the History of Banknotes Ingot Collection.
Introductory Offer
The White Fiver is an Introductory Offer for the History of Banknotes Ingot Collection. Each month, you’ll receive two Gold-plated Banknote Ingots for £25.00 (+p&p). Next month, you’ll also receive your FREE Presentation Case to house your collection. You can cancel your subscription at anytime. Click here to secure yours >>
BREAKING NEWS: Dramatic Edition Limit Cuts for the Eeyore 50p
The next instalment of the Winnie the Pooh 50p series has arrived, featuring the loveable donkey, Eeyore.
But, compared to the previous coins in the series, the Eeyore 50p has been given DRASTICALLY reduced edition limits.
Click here to view the range >>
Dramatic Edition Limit Cut
Previous silver coins in the series had edition limits of 18,000. Astonishingly, the Silver Proof Eeyore 50p has an edition limit of JUST 6,000. So thousands are set to miss out.
Plus, the Gold Proof Eeyore 50p edition limit has been cut EVEN lower – only 150 will be available. This is over 3 times as tiny as the edition limit of the Tigger Gold Proof!
Click here to view the range >>
Final two coins revealed
Whilst we can’t speculate on the edition limits of the final two Winnie the Pooh coins, we can reveal that Kanga and Roo, and Winnie the Pooh and Friends will appear on the final two coins. They will arrive in the Spring and Summer respectively.
When you add the Eeyore Silver Proof 50p to your collection, you will be given the option to join the priority list for the next two coins in the series.
SELL-OUT LIKELY
Remember, thousands of collectors who purchased the other coins in the series are set to miss out, so it’s certainly looking like a sell out is on the way…
Therefore, if you’d like to secure one for your collection, head to our range here >>
Enter our giveaway for the chance to WIN the Silver Proof Eeyore 50p!
Have you entered our giveaway on YouTube? We’re giving one lucky collector the chance of WINNING the 2022 Silver Proof Eeyore 50p for their collection!
Watch our video to find out how to enter >>
HMS Endurance discovered: Sir Ernest Shackleton’s lost ship found in Antarctic
You might have already seen the news that the HMS Endurance has been discovered more than 3,000 metres below the Antarctic Ocean.
It’s a fascinating discovery – in fact, the team that discovered the lost ship said that it’s ‘by far the finest wooden shipwreck’ they’ve ever seen.
If you don’t know why this story has captured everybody’s imagination, I’m going to explain to you why Sir Ernest Shackleton’s expedition on his ship HMS Endurance is one of the most enthralling stories in British maritime history…
The story of Endurance…
Sir Ernest Shackleton’s expeditions to the Antarctic captured my imagination as a young man, and even inspired the likes of Sir Edmund Hillary.
His most famous voyage was on the HMS Endurance – the very ship that’s discovery was announced this week. It’s this journey that produced one of the greatest stories of heroism in British exploration history.
Shackleton’s attempt to complete a Trans-Antarctic voyage left him and his crew stranded on the ice for 6 months with no prospect of rescue after the Endurance was crushed and sank in the place where it’s since remained for more than a century.
With the pack ice breaking apart underneath their feet, Shackleton and the crew of the Endurance had to make a decision and fast.
Using three small fishing boats the crew sailed 800 miles through the treacherous Southern Ocean, battling against hurricane force winds and icy water to cross South Georgia’s uncharted glaciers.
During this tortuous journey, Shackleton’s main concern was for his men. At one point, Shackleton handed over his precious mittens to a member of the crew who lost his at sea, suffering frostbite as a result.
When rescue finally arrived, the crew of the Endurance returned home to find that the First World War had broken out in their absence.
Shackleton’s immense journey, his bravery, and his endurance firmly secured him a place amongst Britain’s greatest.
The Discovery of the Endurance
Now, more than 100 years since it was last seen, the HMS Endurance has finally been discovered!
Dr John Shears, the expedition leader of Endurance22, said the search for Endurance had made “polar history” by completing what he called “the world’s most challenging shipwreck search”.
In memory of the famous explorer and his ship the HMS Endurance, you have the chance to own a collection of coins that celebrate the famous explorer.
View our range of Sir Ernest Shackleton commemorative coins here >>
