Questions?

[Hussulo]

Hi does anyone know if there where any tin farthings minted for George II and in which years please?

Also why on banknotes does it say I promise to pay the bearer on demand 10 pounds etc. If I go to the Bank Of England HQ with a 10 pound note and demand my 10 pounds what will I get?

[Geordie582]

Ten pound of pennies?

Edited July 13, 2006 by Geordie582

[Rob]

Hi does anyone know if there where any tin farthings minted for George II and in which years please?

None. The last currency issue tin farthings were dated 1692 before being superseded by the copper issue of 1694, although patterns were regularly produced in tin up to the 1800's.

[TomGoodheart]

Also why on banknotes does it say I promise to pay the bearer on demand 10 pounds etc. If I go to the Bank Of England HQ with a 10 pound note and demand my 10 pounds what will I get?

The declaration on bank notes dates from the days when you could indeed go to the Bank of England (or the issuer of the note) and demand ten pounds, or whatever the note said, value in gold. It was a form of guarantee but was apparently withdrawn during the First World War, when presumably the Government needed all the gold it had.

More on this link - Bank of England

Nowadays I guess you'll just get coins (but no gold!)

[Hussulo]

Thank you once again I feel more enlightened.

[Sylvester]

Question, Britain went back onto the gold standard after the FWW, around about 1925? and remained on until 1932, i have a feeling that it was possible between those dates to go into a bank and demand payment in gold. Would i be right to think this?

[TomGoodheart]

The gold standard was partially restored in 1925 and the Bank was again obliged to exchange its notes for gold, but only in multiples of 400 ounces or more. Britain finally left the gold standard in 1931 and the note issue became entirely fiduciary, that is wholly backed by securities instead of gold