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.
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.
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.Polymer notes are made from a flexible plastic, which is resistant to dirt and moisture, which means they will last longer and are better for the environment.
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.
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.
Discover the journey of the crown coin and how it became the UK’s flagship £5 commemorative coin…
For more information about the history of the crown coin click here.
2015 is set to be something of a momentous year for coin collectors, with five significant anniversaries to be commemorated next year. They are:
£2 – The 800th Anniversary of the Magna Carta
2015 marks 800 years since the signing of the Magna Carta – an agreement which forced King John to abide by the ancient laws and customs by which England had previously been governed. Literally translated as “Great Charter” it laid the foundations for modern democracy and the rights of English citizens. In fact, it is still cited in many legal cases to this day.
Perhaps surprisingly, this will be the first time that the Battle of Britain is commemorated on a United Kingdom coin. In the summer of 1940, Nazi Germany was advancing through Europe, but their failure to gain air superiority over the RAF in Britain was ultimately one of the turning points of the war.
£2 – 100th Anniversary of the First World War – Royal Navy
The second design in the series of First World War £2 coins pays tribute to the role of the Royal Navy. At the time, it was by far the most powerful navy in the world and was a major asset to Britain in defending coastal waters against the Germans.
Also making its debut on United Kingdom coinage for 2015 is the Battle of Waterloo. Fought by the Duke of Wellington and his allied armies against Napoleon Bonaparte of France in 1815, it was a defining moment in European history – ending 20 years of conflict in the continent.
£5 – 50th Anniversary of the Death of Winston Churchill
There are few Britons more worthy of commemoration than the wartime Prime Minister himself, Sir Winston Churchill. Following his death in 1965 he became the first person outside of the Royal family to be commemorated on a coin, and now, fifty years on, he is being honoured again on a new £5 coin.
Next year the Queen is due to become the longest reigning monarch in British history, and there will soon be a new portrait on our coins to honour her. With the final appearance of the long-standing effigy of Queen Elizabeth II by Ian Rank-Broadley FRBS and five very noteworthy anniversaries, it already looks like 2015 will be a truly landmark year for coin collectors.