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How do banknote detector pens work?
Fake banknote detector pens work by testing the paper used in banknotes. The ink in the pen contains iodine or a similar substance that reacts with the starch in the wood-based paper commonly used in counterfeit banknotes. The iodine causes a chemical reaction with the starch, resulting in a dark blue or black colour. When […]
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New Polymer Banknotes
Banknotes are an essential component of modern economies, providing a reliable and convenient means of payment. In the United Kingdom, the Bank of England is responsible for issuing banknotes and legal tender throughout England and Wales. Banknotes have been used in England for over 300 years, and the design and security features have evolved significantly. […]
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How to check polymer banknotes
In addition to the portrait and design, each Bank of England note has a range of security features to prevent counterfeiting. Some of the security features include: A transparent window: Each note has a clear window containing a hologram of the denomination, which can be seen from both sides of the note. Raised print: There […]
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What is Cryptocurrency?
Cryptocurrency is a digital currency that uses encryption techniques to verify and secure transactions and control the creation of new currency units. Unlike traditional currencies issued and regulated by governments, cryptocurrencies are decentralized and exist on a peer-to-peer network. This means that any central authority or financial institution does not control them. Satoshi Nakamoto The […]
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Cryptocurrency vs Banknotes
Cryptocurrency is challenging cash as a payment system. Its decentralization, security, and accessibility have made it an attractive option for many people seeking a more convenient and efficient way to transact. However, there are still several challenges that need to be addressed. Alternative Cryptocurrency has been gaining momentum as an alternative payment system to cash […]
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Banknote Counterfeiting
The history of banknotes can be traced back to ancient China, where merchants would use paper receipts to represent the value of goods stored in a warehouse. Over time, these paper receipts became a currency and eventually evolved into the banknotes we use today. As banknotes became more widespread, the need for security measures to […]
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Banknote Security Features
Banknotes worldwide have several security measures to prevent counterfeiting and ensure their authenticity. Here are some of the common security measures used. Watermarks A watermark is an image or pattern incorporated into the banknote paper during the manufacturing process, and it can be seen when held up to the light. Security threads A security thread […]
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Future Old English Banknotes
The new polymer banknotes depicting Queen Elizabeth II will be the next notes to be replaced. I am keeping some of these back for my future collection and I am waiting to see if the QE2 notes will be replaced by King Charles III banknotes.
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Matthew Boulton and James Watt Fifty Pound Note
This new style £50 Note is signed by Chris Salmon who is Executive Director, Banking & Chief Cashier from April 2011 This style of Fifty Pound Note featuring Matthew Boulton and James Watt was issued on the 2 November 2011 and is withdrawn from circulation on 30th September 2022 Queen Elizabeth II (1926 – 2022) […]
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John Houblon Fifty Pound Note
This £50 Note is signed by Merlyn Lowther who was the Chief Cashier from 1999 to 2003 This John Houblon style Fifty Pound Note was issued on the 20 April 1994 and withdrawn from circulation on 30 April 2014 Queen Elizabeth II (1926 – 2022) is the monarch pictured on this Series E £50 note. John […]
