No longer paper or plastic: Paper £5 note withdrawn
- Published: May 8, 2017, 5 AM
England’s paper £5 note, featuring Elizabeth Fry, was withdrawn from circulation May 5. A notice from the Bank of England informed the public that after that date, retailers and the public no longer have to accept the paper £5 note as payment or in change.
The new polymer £5 note featuring Sir Winston Churchill will be the only £5 note with legal tender status. Some banks and building societies may accept paper £5 notes after 5 May, but it is at their own discretion. The Bank of England will continue to exchange Fry £5 notes for all time, as it says it would for any other Bank of England note that no longer has legal tender status.
Gambling on a Morgan dollar roll: Inside Coin World: This week, examines what happens when you gamble on a roll, as well as some unwanted surprises that buyers face.
As of April 5, over half of all Fry notes had already been returned to be destroyed, but around 160 million of them were still left in circulation.
Connect with Coin World:
The new polymer £5 note was first issued on Sept. 13, 2016, and while the bank says it is cleaner, safer and stronger than its paper counterpart, it has not been without controversy owing to the presence of animal fat in the polymer. It is expected to last at least 2.5 times longer than the paper note — around five years.
MORE RELATED ARTICLES
US Coins Feb 22, 2021, 8 PM
US Coins Feb 22, 2021, 3 PM
World Coins Feb 22, 2021, 2 PM
Paper Money Feb 22, 2021, 1 PM