Framed Ten Shilling Note
We have a unique and intimate relationship with the coins and notes of our currency and there is often sadness when they are withdrawn from circulation – to be replaced by something else in our wallets, purses and pockets. Those around in the early Seventies will remember the demise of the ten shilling note, in favour of the new fifty pence piece, which is still with us today. This crisp and genuine Ten Shilling Note is presented with an informative backing card, rather beautifully, in a solid black frame. It’s a wonderful way of remembering, reflecting on, and perhaps even celebrating, a little piece of British heritage.
Dimensions: 23.4 x 19.4cm
The coins and notes we used to hold in our hands, keep in our pockets, purses, wallets and moneyboxes, justifiably have a special place in our hearts. In a world where plastic money and electronic payment were in their infancy, ‘hard cash’ was king.
For those not familiar with decimalisation, it was a radical overhaul of the monetary system which happened on “Decimal Day” - 15 February 1971. Almost overnight the UK moved from 240 pence in the pound to 100 pence in the pound. Previously there were twelve pence in a shilling and twenty shillings in a pound and values were expressed in pounds, shillings and pence (£/s/d – the latter two are from Latin: solidus and denarius). After decimalisation only pounds and pence remained (£p – p being penny).
Issued at the start of the First World War, the Treasury introduced the first 10/- note to replace the sovereign and half-sovereign gold coins. The first Bank of England ten shilling note (10/-) was introduced with a red-brown colouration in 1928, when Britannia was added (the first notes to be coloured and printed on both sides), and these notes were identifiable by the signature of the current Chief Cashier (on the note) rather than being specifically dated. A metal ‘security’ thread was added in 1940 alongside a colour change to mauve – to combat German counterfeits during the war. The ‘Series C’ design, the first with the Queen Elizabeth II portrait, was introduced in 1961. A ‘Series D’ design was planned – which would feature Sir Walter Raleigh on the reverse side (it was known as the ‘Pictorial Series’) – but due to the limited lifespan this note would have (as it would be replaced by the 50p coin as part of decimalisation), it was not issued. Following the introduction of the 50p coin in 1969, the ten shilling note was withdrawn from circulation in 1970.