Posts by Rachel
The history of the ‘Ten Bob’ note – a world before the 50p coin…
Back in the 1960’s the 10 Shilling Note, or ‘ten bob’ as it was commonly known, would go pretty far – buying you 6 pints of beer, 10 loaves of bread, or 17 pints of milk.
Nowadays it’s hard to imagine the decimal equivalent, the 50p, buying so much. In fact, 50p can only just buy you one pint of milk today! And you can certainly forget that pint of beer!
But before the much loved 50p came along, the old 10 Shilling banknote had 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, it’s important that the history of the ten bob isn’t forgotten.
The Emergency Banknote
In August 1914, the British economy was in turmoil due to the instability caused 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 should 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.
By issuing a 10 Shilling banknote, the Treasury created the first widely circulated banknotes in England.
The Wartime colour change
In 1928, the responsibility for printing 10 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 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 the duration of the war to a distinctive pink and blue colour in an attempt to prevent counterfeiting.
It was also revolutionary in the progression of banknote technology by incorporating a metal security thread.
The Nazis couldn’t compete with this high level anti-forgery technology and hence the British 10 Shilling note held 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 its 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!
Do you remember the ten bob note? Let us know in the comments below!
If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:
– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers
Sign up today at: www.changechecker.org/app
The Top 5 Coins of the Decade
I still can’t quite believe 2020 is here and we’re into a new decade! But what better excuse could there be to take a look back at some of our favourite coin releases from the past 10 years?
Along with new coins, the numismatic world as a whole seems to have expanded as a new generation of collectors have discovered the joy of this fantastic hobby.
There’s no denying we’ve seen some incredible coins released since 2010, but the Change Checker team have picked out our personal favourite TOP FIVE.
So without any further ado, here are the coins we believe to be the greatest of the past 10 years. Drum roll please...
1. The London Olympic and Paralympic 50ps
Issued to mark the 2012 Olympic and Paralympic Games hosted by London, this coin series played a huge part in transforming the 50p into the UK’s most collectable coin.
29 different 50p coin designs were released to commemorate the different sports and across the nation millions rose to the challenge of collecting them all.
The Royal Mint now estimates that as many as 75% of the Olympic 50p coins have been removed from circulation by collectors, which is a testament to their popularity.
It was certainly the Olympic 50p series that reawakened the nation’s love of coin collecting in the last decade, so we just had to include them at the top of our list!
2. The Beatrix Potter 50ps
Next up is a series which inspired a whole new generation of collectors, and for that reason it would be a crime not to include the Beatrix Potter 50p series on our list.
Just like me, I’m sure you’ll have fond childhood memories of reading the enchanting tales of Peter Rabbit and his friends as a child and this beautiful 50p series really does do justice to those memorable tales.
4 years, and 14 coins later, the Beatrix Potter 50p coins remain one of the public’s favourite ever collection of coins.
Since The Royal Mint released the first Beatrix Potter 50ps in 2016, these charming coins have created a collecting frenzy, becoming increasingly sought-after to this day.
I’m sure I’m not alone when I say that this is one of the stand-out coin series of all time, let alone the decade!
3. Queen Elizabeth II’s 90th Birthday £5
As a nation, we’ve celebrated Her Majesty the Queen’s landmark birthdays, jubilees and wedding anniversaries during her long and eventful reign.
Traditionally, the Queen’s birthday milestones are celebrated with £5 coins, as seen issued in both 1996 and 2006 to mark her 70th and 80th birthdays.
And so, this decade, when Queen Elizabeth II became the first British monarch to celebrate their 90th Birthday, the release of this £5 coin in 2016 was particularly special and hugely significant for collectors around the world.
This was the only official UK £5 coin to mark this special occasion, designed by acclaimed artist Christopher Hobbs, who captured the Queen’s love of flowers, showing nine roses – one for each decade of the Queen’s life.
4. 2015 Britannia £2
Britannia has a long standing history with British coinage, having featured on a British coin in one way or another for more than 300 years.
In 2008 she was surprisingly dropped from the 50p, despite a Daily Mail campaign to save her. However in February 2015 it was announced that Antony Dufort’s modern interpretation of Britannia would be making a triumphant return to British circulating coins, replacing the definitive £2 “Technology” design which had featured on the coin since 1997.
This was a very popular move from The Royal Mint, but it wasn’t until the mintage figures were announced that the real surprise was unveiled…
Only 650,000 of the 2015 dated Britannia £2 coins had been stuck for circulation, making it one of the rarest UK £2 coins ever!
The rarity and numismatic significance of this coin as the UK’s new definitive £2 means it had to earn a spot on our Top Five list.
5. The A-Z of Great Britain 10ps
In 2018, The Royal Mint sparked huge excitement across the nation with the surprise release of 26 brand new 10p coin designs.
Each coin design was created to represent an image of what makes Britain British from A – Angel of the North, all the way to Z – Zebra Crossing, and collectors quickly fell in love with these unique coins.
Figures for 2018 confirm that 220,000 of each design entered circulation, meaning each design is almost as rare as the Kew Gardens 50p – the UK’s rarest coin in circulation!
A further 2.1 million A-Z 10ps were released in 2019 overall, meaning there really aren’t many to go around and many collectors are struggling to come across them in their change as they are being snapped up so quickly.
The A-Z 10ps really have been one of the biggest numismatic talking points of the decade and so they just had to be included on our list. Have you been lucky enough to find any?
Of course there have been so many other incredible releases in the past 10 years and narrowing it down to just five was a tough job, but we certainly feel that these coins have got to be highlights of the last decade.
Let us know which coins would make it into your Top Five in the comments below!
If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:
– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers
Sign up today at: www.changechecker.org/app
How much is my coin worth? January 2020 eBay Tracker update!
Good news Change Checkers – your latest eBay Tracker and Valuation Index is here!
Whilst the secondary market can be a bit of a minefield, we’ve put together an easy way for you to see how much the Top 10 UK coins and banknotes are selling for right now.
eBay Tracker
Find out which coins and notes have been the key movers and shakers in the updated eBay Tracker below.
Once again, the Kew Gardens 50p is on the rise, this time increasing in price on the secondary market by a staggering £18! This comes after an increase of £5 on the last eBay Tracker update.
The ongoing popularity of this rare coin is clear to see and appears to be continuing to build following the 2019 re-issue of the coin to celebrate the 50th anniversary of the 50p.
But will we continue to see the price of this coin rise on the secondary market? Only time will tell and we’ll have to wait for the next eBay Tracker update to find out!
Other coins to keep an eye on are the Commonwealth Games Northern Ireland £2 which has increased in price by £10 since the last update and the Jemima Puddle-Duck 50p which has increased by £2.
However, the biggest riser on the eBay Tracker is the Olympic Football 50p which has increased by 107% to £15.50 on the secondary market – certainly not a bad return for a 50p coin!
As the rarest Olympic 50p in circulation, with a mintage of just 1,125,500, this coin has been on collector’s radars since the Olympic 50p series sparked a collecting frenzy in 2012.
And with the Tokyo Olympics approaching this year, are we likely to see these coins become even more popular with collectors in 2020?
Valuation Index
Overall there has been a 4% increase in value for the Top 10 UK coins and banknotes since June’s update and this is mostly due to the impressive spike in price for the Olympic football 50p.
My coin isn’t on the eBay Tracker
The eBay Tracker follows the movements of the Top 10 UK coins and banknotes, however if your coin doesn’t appear on the tracker you can use our 6 point guide to help determine realistic a value for your coin.
So now that you’re up to date with our latest eBay Tracker, will you be selling any of the coins in your collection or will you continue to save them? Let us know in the comments below.
How does the eBay Tracker work?
The Change Checker eBay Tracker takes the last 9 sold prices achieved on eBay and gives the median price achieved (rounded to the nearest 50p). By taking the median, rather than an average, we avoid skewing created by one or two excessive prices achieved.
Please note that the Change Checker eBay Tracker is only ever designed to be a guide as to prices achieved on eBay. Prices may vary depending on collector demand and the quality of the coin being sold. It does not provide any guarantee as to future values of coins.
If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:
– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers
Sign up today at: www.changechecker.org/app