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British Armed Forces ~~ 1948 ~~ Special Voucher = CD-1 982065
More than 10 available
Details
Shipping: US-Mainland: $3.95 (more destinations)
Condition: Brand new
Returns: does not accept (more)
The British Armed Forces issued their own
banknotes between 1946 and 1972
Historically, soldiers serving overseas had been paid in local currency rather than in their "home" currency, most cash drawn by soldiers would go directly into the local economy, and in a damaged economy the effects of a hard currency such as the £ circulating freely alongside weaker local currencies could be severely problematic, risking severe inflation. There were other problems as well; once £ were circulating in a combat region, the opposing side could freely use its own stocks of £ as currency, or acquire stocks for use elsewhere to support their war effort. The high purchasing power of the £ and its easy transference back to Britain also posed a significant incentive to the black marketers.
By mid 1947 it was decided, under a cloak of secrecy, to prepare a new issue to replace the first, then immediately demonetize the first to limit the conversion of illicitly-gained first series vouchers. This scheme was carried out on January 6, 1948, when the second issue was released.
1948 5 Shillings - 2nd Series
Serial # CD-1 982065 ( canceled )
GEM UNC
These notes are nice..... And a very cool piece of history to own !
Don't miss your chance to grab this one....
Ship to USA only
banknotes between 1946 and 1972
Historically, soldiers serving overseas had been paid in local currency rather than in their "home" currency, most cash drawn by soldiers would go directly into the local economy, and in a damaged economy the effects of a hard currency such as the £ circulating freely alongside weaker local currencies could be severely problematic, risking severe inflation. There were other problems as well; once £ were circulating in a combat region, the opposing side could freely use its own stocks of £ as currency, or acquire stocks for use elsewhere to support their war effort. The high purchasing power of the £ and its easy transference back to Britain also posed a significant incentive to the black marketers.
By mid 1947 it was decided, under a cloak of secrecy, to prepare a new issue to replace the first, then immediately demonetize the first to limit the conversion of illicitly-gained first series vouchers. This scheme was carried out on January 6, 1948, when the second issue was released.
1948 5 Shillings - 2nd Series
Serial # CD-1 982065 ( canceled )
GEM UNC
These notes are nice..... And a very cool piece of history to own !
Don't miss your chance to grab this one....
Ship to USA only
