Can you detect old banknotes?

Yes you can, especially if they have been made into a charm . . .

The banknotes produced by the Bank of England will always be worth their face value. Even for banknotes that no longer have legal tender status. If you look closely at any Bank of England banknote, you will notice it contains the ‘promise to pay’ inscription – the bank’s promise to honour the stated face value of our banknotes for all time.

10-shilling or 10 bob note – equivalent to 50p today

If you were born in the late 1960’s you won’t remember the old ten-shilling note, which was withdrawn in 1970 after the introduction of the fifty pence coin in 1969. But you may be able to unearth one when metal detecting … and it was worth a lot more then than that 50p in your pocket today! That’s what happened to my mate Dave did when searching in a local park recently.

The note was folded and placed inside a silver pendent; evidently they were very popular and used as emergency money. I seem to recall my dear late Mother owning a gold charm bracelet with lots of similar charms … I think she had them all up to £100, plus many other charms from around the world. Wonder where it is now?

So, it IS possible to detect a 10 bob note like the one shown above

The ten-shilling note was the smallest denomination note ever issued by the Bank of England. The note was issued by the Bank of England for the first time in 1928 and continued to be printed until 1969. The note ceased to be legal tender in 1970 and was discontinued in favour of the fifty pence coin due to inflation.

Bob – The subject of great debate, as the origins of this nickname are unclear although we do know that usage of bob for shilling dates back to the late 1700s. Brewer’s 1870 Dictionary of Phrase and Fable states that ‘bob’ could be derived from ‘Bawbee’, which was 16-19th century slang for a half-penny.

End of an Era

The 10-shilling note disappeared in 1971. The first Bank of England Ten Shilling notes appeared in 1928 but in 1971 were eventually replaced with a 50 pence coin.


2 thoughts on “Can you detect old banknotes?

  1. Interesting bit of history John.. I have never heard of that method of ‘saving’ before.

    Back in the day, Canada used to print on their bills ‘Will pay to the bearer on demand’. What that meant was that a person could go into any bank and ‘demand’ the value in gold, to the value of the bill…Of course, nowadays, that saying has long disappeared. I wonder what would happen were I to go into a bank with my old bills and demand gold.?? LOL

    A question though…. Where does the term ‘Bob’ come from

    Micheal

    Liked by 1 person

  2. Bob – The subject of great debate, as the origins of this nickname are unclear although we do know that usage of bob for shilling dates back to the late 1700s. Brewer’s 1870 Dictionary of Phrase and Fable states that ‘bob’ couldu be derived from ‘Bawbee’, which was 16-19th century slang for a half-penny.

    I’ve added this answer to the blog. Thank you. Good question.

    Like

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