When Did the 1 Pound Note Ceased to Be Legal Tender
Date of first issue: October 25, 1948 Legal tender date: October 29, 1962 Color: Brown Size: 5 7/16″ x 3 1/16″ (138mm x 78mm) Design: Output of pre-war color threaded notes. Despite general concerns, the new coin has been welcomed by some groups such as the blind because it is easy to distinguish. The Ale series was short-lived; In 1969, the National Commercial Bank of Scotland merged with the Royal Bank of Scotland and a new series of provisional banknotes was issued, combining the banknote designs of both institutions. These banknotes were the first Royal Bank banknotes to conform to the colour conventions of banknotes across the UK, so all £1 notes were coloured green. The obverse of the note bore the coat of arms of the Royal Bank of Scotland and on the reverse an illustration of the Forth Road bridge. [13] [14] Date of first publication: 20. March 1981 Date no longer legal tender: March 11, 1988 Color: Mostly green Size: 5 5/16″ x 2 5/8″ (135mm x 67mm) Design: Harry Eccleston. Revised version with design and dimensions (like the D series), but overall look enhanced by additional background colors. From 1983, this value was gradually replaced by the 1-pound coin.
The issue of £1 notes by the Royal Bank of Scotland in 1832 defined the design of all £1 note issues of the bank for 136 years. It bore the name of the bank, which was surpassed by the Royal Coat of Arms of Scotland, in which heraldic supporters of the Lion and Unicorn flanked a portrait of King George I to commemorate his royal assent to the bank`s establishment in 1727. The note also included illustrations of the allegorical figures of Britannia looking over the seas and of Plenty holding a cornucopia. This design remained unchanged until 1968, with only minor modifications. [10] The £1 note is currently the smallest denomination of the note issued by the Royal Bank of Scotland. [1] The Bank ceased regular production of £1 notes in 2001; The denomination is still in circulation, although it has rarely been seen in cash transactions since about 2006. [2] Ironically, £1 banknotes were greeted with public outrage when they were first widely used as an emergency measure to replace gold sovereigns during World War I. Date of first issue: March 2, 1797 Date no longer legal tender: unknown Color: Monochrome (printed on one side) Size: Sizes vary 7 7/8″ x 4 7/16″ (200mm x 113mm) Design: Several design changes between 1797 and 1821.
He said the Bank of England would stop issuing sterling notes at the end of the year, but they would remain legal tender until the end of next year. In 1727, the Royal Bank of Scotland began issuing twenty shilling notes (equivalent to £1). The first banknotes were monochrome and printed only on one side. The first twenty shilling notes were dated December 8, 1727 and were signed by a bank teller and bore a unique number. The cashier also added by hand the equivalent in old Scottish pounds – a currency that had been abolished 20 years earlier in the Acts of Union of 1707, which united the kingdoms of England and Scotland into the Kingdom of Great Britain. Twenty shillings were equivalent to £12 Scots. The bank continued the custom of including the value in old Scottish pounds until 1792 to encourage acceptance of its banknotes. This series of banknotes was also the first British banknote with a royal portrait, as it featured a vignette of King George II, who ascended the British throne earlier this year.
At that time, printing portraits was a difficult and expensive process, and including a portrait of the king was an effective way against forgery. Banknotes were kept in bundles bound to the bank, similar to modern checkbooks. During distribution, the cashier cut the note with a wavy line; When the note was subsequently presented for payment, a bank employee verified that the note was not a counterfeit note by comparing the cutting edge of the note with the shape of the stub sheet and also checking whether the serial number on the note and the counterfoil matched. [7] In a speech to Parliament last December, Mrs Thatcher told MPs that the pound coin was “not very popular” and that she thought the pound note would be kept. Date of first publication: February 21, 1964 Date no longer legal tender: May 31, 1979 Color: Brown Size: 5 7/8″ x 3 5/8″ (150mm x 93mm) Design: Reynolds Stone. The first 10-pound note with the portrait of the monarch and on the use of spun paper One-pound banknotes were first introduced by the Bank of England in 1797, after the gold shortage caused by the French Revolutionary Wars. The first notes were handwritten and given to individuals when needed. These notes were written on a single page and bore the name of the beneficiary, the date and the signature of the issuing cashier. Between 1797 and 1821, the bullion shortage meant that banks did not exchange banknotes for gold, but after the end of the Napoleonic Wars, the shortage was eased so that banknotes could be exchanged for an equivalent amount of gold when presented to the bank. One-pound notes were no longer issued in 1821 and were replaced by gold sovereigns. [1] The wider use of the highest denominator of the coin in England must be compensated by the withdrawal of the smaller one – half a cent will no longer be legal tender from the end of this year.