The Forth Bridge is still regarded as a great feat of engineering and with the innovative spirit of the bridge in mind, Clydesdale Bank issued the UK`s first £5 polymer note, leading the UK into the innovative world of plastic banknotes. The £5 note of the Bank of England, informally known as the five, is a pound sterling banknote. It is the smallest banknote denomination currently issued by the Bank of England. In September 2016, a new polymer banknote was introduced, with the image of Queen Elizabeth II on the front and a portrait of Winston Churchill on the reverse. The old paper note, which was first issued in 2002 and bears the image of prison reformer Elizabeth Fry on the back, has expired and will no longer be legal tender after May 5, 2017. [1] This five-pound black and white British banknote features the image of Britannia. The monochrome universo note of 5 pounds contains the words “Bank of England”. These notes kept the Queen on the obverse, with Arthur Wellesley, Duke of Wellington, on the reverse. Artist Harry Ecclestone designed the banknotes as the Bank of England`s first full-time in-house designer. The lockdown period ended in 1821, when the government had to peg the value of money to gold in order to control runaway inflation and the national debt. After a brief period to compensate for sudden deflation, Britain returned to the gold standard on May 1, 1821. [6] [7] These notes could be exchanged in whole or in part for an equivalent amount of gold if presented to the bank.
[8] In case of partial refund, the ticket is marked to indicate the amount refunded. From 1853, printed notes replaced handwritten notes, with the words “I promise to pay the holder the sum of five pounds on demand” replacing the name of the beneficiary. This explanation is still found on the banknotes of the Bank of England. A printed signature of one of the three cashiers appeared on the printed notes, but it was replaced by the signature of the chief cashier beginning in 1870. [9] Date of first publication: June 22, 1999 Legal tender date: June 30, 2010 Color: Multicolored (mostly purple) Size: 5 7/8″ x 3 1/8″ (149mm x 80mm) Design: Roger Withington & Andrew Ward. Window thread on the back of the note. Additional safety features: aluminum hologram, ultraviolet function and micro-lettering. Designed by Debbie Marriott In 1797, due to the additional need for money to finance the war and the uncertainty caused when Britain declared war on the France, a series of bank runs deprived the Bank of England of its gold supply. [3] The bank was forced to stop exchanging gold for banknotes and issuing £1 and £2 notes. This was called the “lock-up period” because the exchange of banknotes for their value for gold was limited.
[5] Date of first publication: April 29, 1992 Date no longer legal tender: July 31, 2003 Color: Multicolored (mainly orange-brown) Size: 5 9/16″ x 2 15/16″ (142mm x 75mm) Design: Roger Withington. Charles Dickens depicted on the reverse; “Window” thread on the back. You have until May 2017 to issue your current £5 notes, after which they will no longer be legal tender – but can still be exchanged at the Bank of England. Date of first publication: November 22, 1993 Release date: July 31, 2003 Color: Multicolored (mainly orange-brown) Size: 5 9/16″ x 2 15/16″ (142mm x 75mm) Design: Roger Withington. Publication of the revised version: additional denomination symbol £10, black to replace the crown in the upper right corner of the note (front); additional label symbol £10, dark brown, added in the upper right corner of the note near the head of Charles Dickens (verso). Date of first publication: 2. March 1797 Date no longer legal tender: unknown Color: Monochrome (printed only on one side) Size: Sizes vary 7 7/8″ x 4 7/16″ (200mm x 113mm) Design: Several design changes between 1797 and 1821. Date of first publication: 20 March 1981 Date no longer legal tender: 11 March 1988 Color: Mainly green Size: 5 5/16″ x 2 5/8″ (135mm x 67mm) Design: Harry Eccleston. Revised version with design and dimensions (like the D series), but overall look enhanced by additional background colors. From 1983, this value was gradually replaced by the 1-pound coin.
Last year, vegans and vegetarians expressed outrage after the new notes were found to contain sebum. The original £5 note was issued in 1793 and remained legal tender until March 1946. It was only printed monochrome on one side and measured 19.5 cm x 12 cm, although the size may vary. In 1945, a second version of the 5-pound note was put into circulation, which for the first time contained wire as a safety measure. The new banknotes were slightly larger and were legal tender until 1961, after being last issued in 1957. The right to buy back banknotes for gold ended in 1931 when Britain stopped using the gold standard. [10] Wire was introduced in 1945 as a security feature on the 5-pound note. The black-and-white banknotes were replaced by new double-sided banknotes from 1957. The first £5 double-sided notes (Series B) were blue and featured a bust of Britannia on the front and a lion on the back. Introduced in 1963, Series C notes were the first banknotes with an image of the monarch on the front, while Britannia was banned on the reverse. From 1971, with the introduction of the D series, a British historical figure was depicted on the reverse: in this case, the soldier and statesman, the Duke of Wellington. First issued in 1990, E-Series banknotes are multicolored, although they are mostly turquoise blue.
These notes show a portrait of railway pioneer George Stephenson and, for the first time, a “window” wire; This wire appears as a dotted line, but forms a single line when held against the light. [11] In 1970, a new series of banknotes was designed, each with a historical figure on the reverse. Highly detailed portraits and prints merge with historical scenes, making it difficult to copy the new notes. In November 2016, there was controversy when the Bank of England confirmed that the new notes contained traces of tallow in the new notes. [23] According to an online petition on the subject, this is unacceptable to vegans, vegetarians, Muslims, Hindus, Sikhs, Jains, Jews and other groups in the UK,[24] and a Cambridge café boycotted the new note. [25] The manufacturer of the note, Innovia Security, considered modifying the formulation of the polymer used to avoid the addition of animal products to polymer pellets at an early stage of production. [26] [27] However, on 10 August 2017, the Bank of England announced that all future banknotes, including future deductions of £5 notes, would continue to use traces of tallow. Earlier notes showed the Queen wearing the George IV State Diadem with a pearl necklace, but in Series D she was depicted wearing state robes, the George IV State Diadem, Queen Victoria`s Golden Jubilee necklace, and Queen Alexandra`s cluster earrings.[28] .