Saturday, March 30, 2013

Ceylon P36 2 Rupees



Pick: P36
Date:  20.12.1941 - 01.03.1949
Colour: Violet and brown.

Front: King George VI. George VI (14 December 1895 – 6 February 1952) was King of the United Kingdom and the Dominions of the British Commonwealth from 11 December 1936 until his death. He was the last Emperor of India, and the first Head of the Commonwealth.

Back: Thuparama pagoda, Anuradhapura

Watermark: Chinthe.

Printer: Unknown, India

Size:

Varieties
a.  20TH DECEMBER 1941
a. 19TH SEPTEMBER 1942, Straight Edge
a. 19TH SEPTEMBER 1942, Perforated Edge
a. 4TH AUGUST 1943. Straight Edge
a. 4th AUGUST 1943. Perforated Edge
a. 12th JULY 1944, Straight Edge
a. 24TH JUNE 1945
a. 7TH MAY 1946
a. 1ST MARCH 1949

This note is available with straight cut or perforated left edge.

Tuesday, March 19, 2013

The £5 note that sold for £425: Glastonbury and Shepton Mallet bank note was a good investment

This is Somerset

Wednesday, February 27, 2013

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 This article fails to mention that 5 pounds in 1833 would have the purchasing power 504 pounds due to inflation.  The Bank of England's inflation rate from 1833 to 2012 was 2.6% per year.   This note however has been cancelled as noted by the XXXXX over the signature and was likely removed from circulation.  It therefore should not have any face value only numismatic value.
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A five pound note sold for 85 times it’s face value last week.

The Glastonbury and Shepton Mallet Bank five pound note was dated 1833 and expected to reach between £100 and £200 in the February 20 auction in Wells but was snapped up for £425 by one eager buyer at McCubbing & Redfern, Wells Auction Rooms. 
    Provincial private banks started in the 18th century but it was only by the 1820s that most of the major towns had their own banks, and each issued their own local banknotes. These banks, however, were rare and often shortlived with many having precarious financial stability.

    Banknotes at this time were almost like IOUs and could only be used locally. If the bank collapsed the notes became worthless. By 1826 legislation was established whereby banks could join forces into what was called joint stock banks.This offered the smaller establishments stability. The Glastonbury and Shepton Mallet Bank was established in 1812 by partners John Lilly, Charles Brown, John Fry Reeves and Marshall Williams.

    Wells itself had a branch of the bank open in 1820.

    The Glastonbury and Shepton Mallet Bank, along with several other West Country banks, was later incorporated into Stuckey’s Banking Co. of Langport in 1835.

    Banknotes from these early banks are rare and highly sought after by local historians, families and of course, banknote collectors. It is was in the late 1950s that banknote collecting began.

    By the 1960s virtually every country in the world used banknotes and it is an area of collecting that is highly accessible. As a hobby, banknote collecting is interesting, easy to store and display and can prove to be an excellent investment; especially if one specialises in the rarer, quality banknotes.

    Saturday, March 16, 2013

    Queen given pop-culture makeover on banknotes

    The Queen has been depicted in many ways during her six decades on the throne, but perhaps never before as Captain Spock.

    That particular interpretation has been executed on an Australian five-dollar note by an unknown ‘artist’ and published alongside a series of other unofficial Royal portraits on a blog.

    The illegally-altered five-dollar notes, which bear the portrait of Queen Elizabeth II, include images of the country’s monarch as a pirate, Count Dracula, the computer-game character Super Mario and a swimmer, among others.

    One of the defaced bank notes published on the blog, bunchof5s.wordpress.com, reflects the Queen’s appearance alongside Daniel Craig as James Bond at last year’s Olympics opening ceremony — although in this instance lacking her usual benevolence.

    While the drawings on the small, plastic canvases may not be as elegant as Andy Warhol’s 1985 series of Elizabeth II, some of the pop-culture makeovers may appeal to her sense of humour.
    It is illegal to deface Australian currency, a crime attracting an AU$5,000 (£3,430) fine, or even two years in jail.