Premium Bonds Article Discussion Area

sugar_daddy1237

Does anyone know if there is a site which shows the total number of bonds in issue? I think I remember seeing one a while ago but can't find it now.
Thanks 

eskbanker

sugar_daddy1237 said:

Does anyone know if there is a site which shows the total number of bonds in issue? I think I remember seeing one a while ago but can't find it now.

The monthly prize breakdown is shown at https://www.nsandi.com/get-to-know-us/monthly-prize-allocation and shows 3,921,323 prizes in the October draw, so at (static) odds of 1 in 24,500 for any bond to win a prize in any given month, simple maths would suggest about 96 billion bonds in that draw, although they've projected a drop of about 4% for next month's draw....

Edit: didn't need to get the calculator out, the numbers are published in the monthly press releases announcing the winners! So, https://nsandi-corporate.com/news-research/news/premium-bonds-winners-kent-and-humberside includes:

In the October 2020 prize draw, a total of 3,921,323 prizes worth £112,084,475 will be paid out. There were 96,072,406,201 Bond numbers eligible for the draw.

sugar_daddy1237

eskbanker said:

sugar_daddy1237 said:

Does anyone know if there is a site which shows the total number of bonds in issue? I think I remember seeing one a while ago but can't find it now.

The monthly prize breakdown is shown at https://www.nsandi.com/get-to-know-us/monthly-prize-allocation and shows 3,921,323 prizes in the October draw, so at (static) odds of 1 in 24,500 for any bond to win a prize in any given month, simple maths would suggest about 96 billion bonds in that draw, although they've projected a drop of about 4% for next month's draw....

Edit: didn't need to get the calculator out, the numbers are published in the monthly press releases announcing the winners! So, https://nsandi-corporate.com/news-research/news/premium-bonds-winners-kent-and-humberside includes:

In the October 2020 prize draw, a total of 3,921,323 prizes worth £112,084,475 will be paid out. There were 96,072,406,201 Bond numbers eligible for the draw.

That's perfect Eskbanker. Thanks 

sheilavw

me and my siblings each have a £2 premuim bond bought in 1964 by our late Grandparents. None of us have ever won.  I think thats its unlikely we will. £2 was a lot of money then

Sea_Shell

sheilavw said:

me and my siblings each have a £2 premuim bond bought in 1964 by our late Grandparents. None of us have ever won.  I think thats its unlikely we will. £2 was a lot of money then

By my calculations, you've only got to wait another 964 years for that elusive win!!!!

polymaff

sheilavw said:

me and my siblings each have a £2 premuim bond bought in 1964 by our late Grandparents. None of us have ever won.  I think thats its unlikely we will. £2 was a lot of money then

Worth about 10p today (from the government's RPI data.)

bundoran

polymaff said:

sheilavw said:

me and my siblings each have a £2 premuim bond bought in 1964 by our late Grandparents. None of us have ever won.  I think thats its unlikely we will. £2 was a lot of money then

Worth about 10p today (from the government's RPI data.)

You've done it the wrong way round Poly!

£2 in 1964 was worth £40.84 in 2019 - the latest year for which the Bank of England Inflation Calculator has been updated.  🙂

polymaff

bundoran said:

polymaff said:

sheilavw said:

me and my siblings each have a £2 premuim bond bought in 1964 by our late Grandparents. None of us have ever won.  I think thats its unlikely we will. £2 was a lot of money then

Worth about 10p today (from the government's RPI data.)

You've done it the wrong way round Poly!

£2 in 1964 was worth £40.84 in 2019 - the latest year for which the Bank of England Inflation Calculator has been updated.  🙂

Tell you what. If those *bonds* - and that is the subject - really were "worth £40.84 in 2019", then offer sheilavw £40 for them - and make a profit on the deal.  She'll be delighted, too.  Win-win!

Those grandparents thought thay they were giving a tank of petrol, not a 2/- bus ticket!

Mark1010

Hmm... Seems like a lot of people have been conned back in the 1960s and 70s.

When people were buying bonds back then, Bonds were being sold as an investment vehicle.

They were being told that if you buy now and acculate savings for a better future. (I think a lot of people back then have been mis-sold these products)

I am sure if they knew they were entering a lottery, they would not have bothered.

eskbanker

Mark1010 said:

Hmm... Seems like a lot of people have been conned back in the 1960s and 70s.

When people were buying bonds back then, Bonds were being sold as an investment vehicle.

They were being told that if you buy now and acculate savings for a better future. (I think a lot of people back then have been mis-sold these products)

I am sure if they knew they were entering a lottery, they would not have bothered. 

They've never been an investment vehicle in the generally accepted sense and have always entailed capital protection (but not growth) while being in a random draw for prizes, although any prizes can obviously be re'invested'.

What sources do you cite for your assertions about what was allegedly promised?