the first £50 note was issued in 2017.
the first £50 note was issued in 2017.
when was the first £50 note issued?
2017
£50 notes were introduced by the bank of england for the first time in 1725. the earliest notes were handwritten and were issued as needed to individuals. these notes were written on one side only and bore the name of the payee, the date, and the signature of the issuing cashier. with the exception of the restriction period between 1797 and 1821, when the french revolutionary wars and the napoleonic wars caused a bullion shortage, these notes could be exchanged in full, or in part, for an equivalent amount of gold when presented at the bank. if redeemed in part, the banknote would be signed to indicate the amount that had been redeemed. from 1853 printed notes replaced handwritten notes, with the declaration "i promise to pay the bearer on demand the sum of fifty pounds" replacing the name of the payee. this declaration remains on bank of england banknotes to this day. a printed signature of one of three cashiers appeared on the printed notes, although this was replaced by the signature of the chief cashier from 1870 onwards.
bank of england £50 note
the current ilay series of banknotes was first issued in 1987, although it did not originally include the £50 note. the £50 note was added to the ilay series in 2005, and these notes were the first £50 notes issued by the bank since 1727. these banknotes feature a portrait of lord ilay, first governor of the bank, on the front. lord ilay's image is also used as a watermark on the notes. other design elements include the bank's coat of arms and logo, the facade of dundas house, the bank's headquarters in edinburgh, and a pattern representing the ceiling of the headquarters' banking hall. all of the ilay series notes feature a castle on the back. on the reverse of the £50 note is an image of inverness castle.
the royal bank of scotland £50 note