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Pre-decimalisation value Post-decimalisation value [1] Dates of use Notes Mite 1 / 24 d £0.0001736 15th century The Flemish groat approximately matched the English penny c 1420-1480 and was divided into 24 mites. The latter was thus extended to mean 1 / 24 penny or 1 / 6 farthing even if not minted in Tudor England. [2 ...
The new nickel brass coin was introduced on 21 April 1983 and the one pound note ceased to be legal tender on 11 March 1988. [2] [3] Bank of England £1 notes are still occasionally found in circulation in Scotland, alongside £1 notes from Scottish banks. The Bank of England will exchange old £1 notes for their face value in perpetuity.
The Currency and Bank Notes Act 1954 defined Bank of England notes of less than £5 in value as legal tender in Scotland. [36] Since the English £1 note was removed from circulation in 1988, this leaves a legal curiosity in Scots law whereby there is no paper legal tender in Scotland. HM Treasury has proposed extending legal tender status to ...
The pound coin (£1) was introduced in 1983 to replace the Bank of England £1 banknote which was discontinued in 1984 (although the Scottish banks continued producing them for some time afterwards; the last of them, the Royal Bank of Scotland £1 note, is still issued in a small volume as of 2021). The designs on the £1 coin changed annually ...
One-pound notes continue to be issued in Jersey, Guernsey and the Isle of Man, and by the Royal Bank of Scotland, but the pound coin is much more widely used. A new, dodecagonal ( 12-sided ) design of coin was introduced on 28 March 2017 [ 5 ] and both new and old versions of the one pound coin circulated together until the older design was ...
Maltese £M 1 note and coin; New Brunswick £1 note; Newfoundland £1 note; New Guinea £1 note; New Zealand £NZ 1 note; Nigerian £1 note; Nova Scotian £1 note; Oceanian £1 note; Palestinian £P1 note; Prince Edward Island £1 note; Rhodesia and Nyasaland £1 note Rhodesian £1 note; Southern Rhodesian £1 note; Malawian £1 note; Zambian ...
All of the Ilay series notes feature a castle on the back. On the reverse of the £1 note is an image of Edinburgh Castle and the National Gallery of Scotland. [16] £1 notes are now rarely used. The Royal Bank was the last bank in Scotland to issue £1 notes, and stopped production in 2001.
First Trust Bank's current notes have a generic depiction of a Northern Irish person. A young middle-aged man appears on the £10 note, an elderly woman on the £20 note, an elderly man on the £50 note, and finally both elderly people together on the £100 note. Prior to 1994, the elderly man featured on the £100 note.