Erik’s Column #4

Posted by Erik Bear on
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Hello everyone, my name is Erik, I am a teddy bear and this is my column. I always write about money on my column because I find the history of coins and notes fascinating and most of them are quite beautiful to look at. Well this morning I got rather excited because a rare 1933 penny – one of only four in known to exist – has sold for a world record price of £72,000 at a London auction. The coin sold is known as a “Pattern” version, as it was presented as a prototype, but never went into production. It is the first time that any of the Pattern coins have come up for auction.

Erik’s Column #3

Posted by Erik Bear on
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Hello everyone, my name is Erik, I am a teddy bear and this is my column. I seem to have become the Jammy Toast expert on money after my last two columns but I really am not. I just think money is a fascinating subject and the notes themselves are quite beautiful to look at. I was going to write tonight about the next highest denomination note following on from my posts on the Ten Shillings and the One Pound notes. If I asked anyone which was the next note in the list they would no doubt have said the Five Pound Note when in reality, as I only found out myself tonight, it would have been the Two Pound Note, which none of you have probably seen. The first Bank of England Two Pound Note was issued on 2nd March 1797 in response to the need for smaller denomination banknotes to replace gold coins during gold shortages caused by the French Revolutionary Wars. They were later discontinued.

Erik’s Column #2

Posted by Erik Bear on
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Hello everyone, my name is Erik, I am a teddy bear and this is my column. I think I confused everyone the last time I wrote my column for Jammy Toast by talking about money before decimalisation and how complicated the old system was. This time I thought I would make it a little easier by just looking at the pound, or more precisely pound sterling. Some other countries also use the pound but this is not to be confused with our pound which is referred to as the pound sterling and is the oldest currency still in use today.

Erik’s Column #1

Posted by Erik Bear on
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Hello everyone, my name is Erik, I am a teddy bear and this is my column. I was talking to Bimbo the other day when he came out with a funny expression; he said something cost “ten bob”. I had no idea what he was talking about so I asked him what a “bob” was to which he replied it was slang for a “shilling”. I was even more confused now because I didn’t know what a shilling was either. He went on to explain that before decimalisation in 1970, in England, instead of having pounds and pence like today, they had pounds, shillings and pence. I asked Bimbo to explain further because this was getting quite confusing.