Sir Edward Elgar is being withdrawn from circulation, with £20 notes..

Daily Telegraph ^ | March 8, 2010 | Harry Wallop

[C19fan]

1. 1.5 billion - the number of £20 notes (worth £30 billion) in circulation, of which an estimated 150 million (worth £3 billion) are Elgar notes.

[C19fan]

If I loved in the UK, perhaps keep the Elgar notes in a safe place. Could be a collectors item.

[agere_contra]

I love in the UK too, but I don’t need £20 to do it.

[agere_contra]

:0)

[sinsofsolarempirefan]

The article says there are 150 million Elgar notes in circulation, more than enough to give every man, woman and child in Britain two each. I doubt it could be considered a ‘collectors’ item in our time except in uncirculated condition. You’d do better to buy a silver Britannia or Maple Leaf coin with that £20 that will hold its value against inflation more than a note that will only ever be worth £20, no matter how much £20 is worth in a time of continual inflation...

[SirJohnBarleycorn]

Sir Edward's image will be replaced on new £20 notes with that of Victoria Beckham, also known as "Posh Spice," according to the Bank of England.