Why bring out new £20 notes ..No point ..

KIPAX

KIPAX

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KIPAX Lancashire UK
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The queen is 93? With the best will in the world she isn't going to be queen in ten years time and all these new £20 notes they have just brought out because they last longer will have to be changed and will be useless.. How have they not thought of that ?
 
Isn't she the first British monarch to appear on the banknotes anyway? (Also in Scotland & Northern Ireland the indigenous notes don't have her likeness on anyway)
 
simon ess said:
Why will they be useless?
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When the queen dies the notes have to be changed... its amazing the amount of stuff that has to be changed...Everything I ahve read ..googled.... says the notes will ahve to change ..
 
Surely there will be a transition period... Charles is 71 so I guess the same will apply to him; he will surely be the oldest King crowned?
 
welshwizard645 said:
Surely there will be a transition period... Charles is 71 so I guess the same will apply to him; he will surely be the oldest King crowned?
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Of course t... but my point is.. why bring out a new one now that lasts longer? when they know they have to change it within ten yrs... the transition period wont be too many yrs
 
They will print newer notes when they're needed; i.e. when current stock wears out. Obviously, the new monarch will be on the newer notes, but that doesn't mean the older ones will all have to be changed.
 
Bobsyeruncle said:
I'm not trolling, just saying.....
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why? because you know whats important for everyone? are you seriously going round all the thread telling everyone wether there question is important? or just mine ?
 
unless they are withdrawn for some reason coins and notes remain legal tender, who ever is stamped on them.
 
KIPAX said:
why? because you know whats important for everyone? are you seriously going round all the thread telling everyone wether there question is important? or just mine ?
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It was said tongue in cheek, hence the emoji.
Carry on, don't mind me. :-)
 
The change to polymer was to increase security features and durability from daily use, An old £5 note screwed up from pocket to till to pocket back to till might only last 1-2 years of regular circulation before it needs replacing but a polymer note might take the same level of abuse for 3-4 years.

I've had a paper note in my wallet for 10 years, it hasn't moved or been removed since it was put there and it's a mess, yet it's never left my wallet. Wouldn't work in a self scan machine if I tried it.

Notes get replaced on a fairly regular cycle regardless of the age of the Monarchy.
 
I kept a couple of polymer fivers in my old mobile phone case for emergencies. Both were well worn when I dug them out a few months ago when I changed my phone. Bank changed them no problem but they do wear.
 
In response to a Freedom Of Information request in 2008 the Bank Of England said:

"The Bank would introduce new banknotes featuring the new Monarch. Notes featuring Queen Elizabeth II would continue in circulation until the new notes featuring the new Monarch were introduced into circulation. This would take place over a period of time to allow the withdrawal of the old notes as they become unfit for further circulation."

So unless things have changed since then, it sounds like the new £20 notes featuring Queen Elizabeth would remain in circulation alongside gradually introduced notes featuring the new monarch.
 
Hopefully charlie boy and his old bint will step aside and let us have a popular king I.e William .
 
I believe new notes are being introduced to prevent forgery, so we could hang onto these old £20 for a few years yet (depends how long her Maj wishes or is able to be sovereign I guess, not sure She would abdicate anyway) but there's ever increasing risk the £20 in your pocket (H Wilson - will still be worth £20) but will actually be a forgery and worth bu**er all, mind you think that's going to be the case soon enough anyway.
 
Toilet paper seems to rarer than new 20’s, maybe a future use, and they be may re usable?
 
I don't like polymer notes, they hurt when in a trouser pocket, they hurt even more when you sit down. I tend to fold them and place them at a certain angle, so they don't hurt. :-)
 
Terrywoodenpic said:
unless they are withdrawn for some reason coins and notes remain legal tender, who ever is stamped on them.
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Even if withdrawn, banknotes retain their face value indefinitely. You can exchange really of notes for new ones, at the Bank of England. I know, I've done this with quite a significant amount of old £50 notes. Ask me how relieved I was when I discovered this....
 
mj4456 said:
Toilet paper seems to rarer than new 20’s, maybe a future use, and they be may re usable?
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jonbeeza said:
I don't like polymer notes, they hurt when in a trouser pocket, they hurt even more when you sit down. I tend to fold them and place them at a certain angle, so they don't hurt. :)
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Best not "do the invoicing" with one of the new ones then...
 
There are so many dodgy £50 notes about that many places wont take then, the rate of 20s was getting worse I could see them being refused as well
 
KIPAX said:
When the queen dies the notes have to be changed... its amazing the amount of stuff that has to be changed...Everything I ahve read ..googled.... says the notes will ahve to change ..
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Not right away. It's not like when Her Majesty dies, suddenly the Bank of England started printing new £20 notes with King Charles III on them, five minutes after getting the news!

It will take the Bank of England some time to come up with a new design, takes time to print enough of the new notes for general use, and it will be up to the government to decide on when the new King Charles III notes start, and how long to phase out the Queen Elizabeth II notes.

We're likely to be talking about many months, possibility a year, before changes are made. Not in a matter of a few days!
 
Edward 8 coins were ready to go and proofed, before he abdicated
I suspect suitable Charles 3 designs are up and ready to go, as well as William 4.
the mint does not like too be caught with its pants down.
the Corona virus is no respecter of persons, and may even prefer those with coronets?
 
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Terrywoodenpic said:
Edward 8 coins were ready to go and proofed, before he abdicated
I suspect suitable Charles 3 designs are up and ready to go, as well as William 4./
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Er, William IV was king before Victoria.

You also make the assumption that Prince Charles will take the regnal name "Charles" - I've heard it said more than once that he may choose to reign as George VII to indicate continuity back to his grandfather.
 
Terrywoodenpic said:
Edward 8 coins were ready to go and proofed, before he abdicated
I suspect suitable Charles 3 designs are up and ready to go, as well as William 4.
the mint does not like too be caught with its pants down.
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Usually the members of the Royal Family who are next in line, will have their portraits taken, and are likely to be keep ready for new coins and notes, but upon the death of the current king/queen, it would still take time to finalist the design, bearing in mind they may want to improve security features such as new ink, new markings, etc., and it could still be over a matter of a few to many months, so new designs may be up, but they're not ready to go.
 
hunnymonster said:
Er, William IV was king before Victoria.

You also make the assumption that Prince Charles will take the regnal name "Charles" - I've heard it said more than once that he may choose to reign as George VII to indicate continuity back to his grandfather.
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It is easy to forget the sailor king silly billy. but he was well liked and harmless enough.
 
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The queen looks indestructible and seeing as Olivia de Havilland has also just passed 103, I think we’ll be seeing Her Maj on the notes for a while yet.
 
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