King Charles received his banknotes

New King Charles banknotes to be released in June. Today the King received his copies! https://mol.im/a/13288255

https://www.bbc.co.uk/news/uk-68769481 

I usually dont care about serial number, but this:

The King, who was presented with a set of notes with 00001 serial numbers, described the design as "very elegant".

makes me a bit jealous.

I look forward to the 5 & 10 Pounds notes being eventually represented in my collection.

Aidan.

BCNumismatics

I look forward to the 5 & 10 Pounds notes being eventually represented in my collection.

 

Aidan.

-Yes, I may even reach for a 20 Pound note too. It would be cool to get a first prefix on one of them. (Also interested to learn what the last prefix of each of the QEII designs will be).

I usually dont care about serial number, but this:

 

The King, who was presented with a set of notes with 00001 serial numbers, described the design as "very elegant".

makes me a bit jealous.

- I feel your envy!

Serial_Number_8

(Also interested to learn what the last prefix of each of the QEII designs will be). 

This information was given by the Bank of England in June 2023 under the ''freedom of information'' law.

Here is the answer given by the BoE

£5: BC60

£10: EM54

£20: DM54

£50: AE80

According to an answer of another ''FoI'' request which was given in July 2023, BC60, DM54 and AE80 had been partially issued at that date and only the EM54 prefix had not been issued at all at that date (July 2023).

redlock

This information was given by the Bank of England in June 2023 under the ''freedom of information'' law.

Here is the answer given by the BoE

£5: BC60

£10: EM54

£20: DM54

£50: AE80

 

According to an answer of another ''FoI'' request which was given in July 2023, BC60, DM54 and AE80 had been partially issued at that date and only the EM54 prefix had not been issued at all at that date (July 2023).

-Thanks for sharing redlock (nice to know)!

redlock

 

This information was given by the Bank of England in June 2023 under the ''freedom of information'' law.

Here is the answer given by the BoE

£5: BC60

£10: EM54

£20: DM54

£50: AE80

 

According to an answer of another ''FoI'' request which was given in July 2023, BC60, DM54 and AE80 had been partially issued at that date and only the EM54 prefix had not been issued at all at that date (July 2023).

Interesting my question is why for the £5 note didn't they switch the signature from Victoria Cleland to Sarah John after 2019 like they did with the £10 note?

Worldwide collection

Interesting my question is why for the £5 note didn't they switch the signature from Victoria Cleland to Sarah John after 2019 like they did with the £10 note?

The obvious answer is that the BoE had enough £5 in stock to meet the demand. Moreover, way more paper £5 were and are still in circulation – meaning not returend and/or exchanged for the polymer ones – than the BoE had expected. It was concluded in a report about cash production and distribution (dated September 2020) that the BoE overestimated the need for £5 notes. Hence they didn't need to print new £5 notes which would have had the Sarah John signature.

The £10 is a very different story. The BoE underestimated the need for £10 notes. In 2019, the BoE therefore ordered an extra 145 million notes to be printed. So, we got the £10 with Ms Sarah John's signature. Moreover, demand for this note rose during the early stages of the Covid-19 pandemic drastically. The demand was so high that the BoE had to dip into its ''contingency stock'' to meet demand. It peaked in 2021. 

It is good to be King! 😂

redlock

Worldwide collection

Interesting my question is why for the £5 note didn't they switch the signature from Victoria Cleland to Sarah John after 2019 like they did with the £10 note?

The obvious answer is that the BoE had enough £5 in stock to meet the demand. Moreover, way more paper £5 were and are still in circulation – meaning not returend and/or exchanged for the polymer ones – than the BoE had expected. It was concluded in a report about cash production and distribution (dated September 2020) that the BoE overestimated the need for £5 notes. Hence they didn't need to print new £5 notes which would have had the Sarah John signature.

The £10 is a very different story. The BoE underestimated the need for £10 notes. In 2019, the BoE therefore ordered an extra 145 million notes to be printed. So, we got the £10 with Ms Sarah John's signature. Moreover, demand for this note rose during the early stages of the Covid-19 pandemic drastically. The demand was so high that the BoE had to dip into its ''contingency stock'' to meet demand. It peaked in 2021. 

That does makes sense now and with inflation the £10 and £20 are used more now than the £5 and with the low return rate of the now withdrawn paper £5.