General info
What could you buy for 50p 50 years ago?
As 2019 marks 50 years since the 50p coin was introduced, I thought it would be interesting to take a look at how the value of the 50p coin has changed since it was first introduced back in 1969.
Thinking back to my own childhood, I remember when 50p pocket money seemed to go quite a long way – especially when spending it on 1p sweets!
But just how far does 50p get you today compared to 1969?
Take a look at the helpful guide below to see just how much some everyday items have increased in cost during the past 50 years…
What was the last thing you remember buying for just 50p? And I wonder how much it would have cost you 50 years ago…
Celebrate 50 years of the 50p with 10 coins re-issued for 2019
To celebrate the 50th Anniversary of the 50p coin, The Royal Mint has re-issued ten of the most popular and collectable 50ps in British history, including the Kew Gardens 50p!
The History of the British Crown Coin
Discover the journey of the crown coin and how it became the UK’s flagship £5 commemorative coin…
Do you have any of these crown coins in your collection? Let us know in the comments below!
Own the £5 coin issued to celebrate an unprecedented British Royal milestone
To celebrate this unprecedented Royal milestone, of the 65th anniversary of Her Majesty the Queen’s Coronation, The Royal Mint issued a £5 coin in 2018 in superior Brilliant Uncirculated quality, as a lasting tribute to this historic year.
Face of the Fifty Pound Note REVEALED!
This morning The Bank of England revealed Alan Turing as the new face of the £50 banknote, which will be released into circulation in 2021.
In their search to find an eminent British scientist to feature on the £50 note, a total of 227,299 nominations were sent to The Bank of England. 989 eligible characters were narrowed down to a shortlist of just 12 before Turing was finally selected.
Codebreaker Alan Turing will be on Britain’s new 50-pound currency https://t.co/PcmHWkqre3
— TIME (@TIME) July 15, 2019
Other candidates included Rosalind Franklin, Stephen Hawking, Ernest Rutherford and Mary Anning to name a few.
The Bank’s chief cashier, Sarah John said, “The strength of the shortlist is testament to the UK’s incredible scientific contribution. The breadth of individuals and achievements reflects the huge range of nominations we received for this note and I would like to thank the public for all their suggestions of scientists we could celebrate.”
About Alan Turing
Alan Turing is perhaps best known for his outstanding code-breaking which was vital to the Allied victory in WWII.
However, he was also considered a pioneer in computer sciences and the development of the early computer. His work has had an enormous impact on our lives today.
The Bank of England governor, Mark Carney said, “Alan Turing was an outstanding mathematician whose work has had an enormous impact on how we live today. As the father of computer science and artificial intelligence, as well as [a] war hero, Alan Turing’s contributions were far ranging and path breaking. Turing is a giant on whose shoulders so many now stand.”
Sadly, in 1952 he was prosecuted for homosexual acts and died in 1954 from cyanide poisoning. It was determined that his death was an act of suicide.
The new note
Next year the new £20 polymer note will be issued, featuring British Artist, JMW Turner.
This will be the third UK banknote to be made from polymer and will be swiftly followed by the new £50 note in 2021, thus completing the UK’s changeover to plastic banknotes.
These notes are more durable, secure and environmentally friendly than paper notes.
The future of cash
There have been debates in recent years as to whether or not Britain should become a cashless society.
The rise of card and electronic payments means that many see cash as becoming obsolete, with the 1p and 2p coins at the heart of the debate.
In addition to this, the validity of the £50 note has also been questioned, as it is rarely used in everyday payments and is widely thought of as being used by criminals.
The good news for Change Checkers is that the Treasury have confirmed that cash will be around for years to come.
And, with the introduction of the new Alan Turing £50 note in 2021, I think it’s fair to say that cash is still king.
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