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V15 2012 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 15, Number 10, March 4, 2012, Article 21

BANK OF ENGLAND'S LOW-SERIAL NUMBER BANKNOTES

An article in the Guardian mentions a British tradition I wasn't aware of - special low serial number banknotes are reserved for the bigwigs. Is there any such practice in the U.S.? It would make sense, for example, to give examples of each new note to the National Numismatic Collection at the Smithsonian Institution. -Editor

Tradition has it that when the Bank launches a new banknote, the chancellor of the exchequer receives the one with the serial number 11 (numbers one, two and three go to the Queen, the Duke of Edinburgh and the prime minister respectively - none of whom, you might think, need the money).

Another question - so where exactly do these special notes end up? Are they on display anywhere? -Editor

To read the complete article, see: Mervyn King gives chancellor a bit of investment advice (www.guardian.co.uk/business/economics-blog/2012/mar/
01/mervyn-king-chancellor-advice-sme)

Wayne Homren, Editor

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