What is the royal cypher printed on the UK budget box?

Upvote:2

The new red box, as modelled by George Osborne in the OP's picture

It appears to be Queen Elizabeth II's coronation monogram:

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https://i.ucoin.net/coin/2/482/2482448-2/guernsey-50-pence-2003.jpg

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https://www.pinterest.com/pin/variants-of-the-royal-cypher-of-hm-queen-elizabeth-ii--172684966949598149/

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https://commons.wikimedia.org/wiki/File:Royal_Monogram_of_Queen_Elizabeth_II_of_Great_Britain.svg

I do not know why this variant was used. As MCW pointed out in the comment, red boxes are bespoke and the decision may have been purely aesthetic (but I speculate).

Gladstone's red box

The description on the website of National Archives does not mention the cypher, but I think it is Queen Victoria's monogram. Click on the link below the picture and zoom in. The sharp downward point of the V is visible.

enter image description here

https://www.telegraph.co.uk/content/dam/news/2016/10/29/4357291_Britains_Chancellor_of_the_Exchequer_Darling_holds_Gladstones_old_Budget_box_outside_11_Do_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpg

For comparison:

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https://i.ebayimg.com/images/g/7UAAAOSwrDxfu57u/s-l500.jpg (from https://www.ebay.com.my/itm/1888-Book-Owned-by-HRH-Queen-Victoria-Special-Prize-Binding-ROYAL-Cypher-VR/143861341886)

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