the old pound note went out of circulation in 1988.
the old pound note went out of circulation in 1988.
when did the old pound note go out of circulation?
1988
a new design for one pound notes was introduced in 1960, with the old notes ceasing to be legal tender in 1962. these new series c notes were slightly narrower, and were the first one-pound notes to feature a portrait of queen elizabeth ii on the front. the reverse design incorporated the logo of the bank of england. series c notes were replaced by the series d notes from 1978 onward. these slightly smaller notes featured an entirely new design with queen elizabeth ii on the front and scientist isaac newton on the back. the note was redesigned slightly in 1981 to feature brighter background colours. following a consultation with retailers and other groups it was announced on 31 july 1981 that the one pound note would be replaced by a one pound coin. part of the reason for this change was that notes, on average, lasted only nine months in general circulation, while coins could last forty years or more. the government also believed that the growing vending industry would benefit from the introduction of a one-pound coin. the new cupro-nickel coin was introduced on 21 april 1983 and the one pound note ceased to be legal tender on 11 march 1988. bank of england £1 notes are still occasionally found in circulation in scotland, alongside royal bank of scotland £1 notes. this is because scotland has no concept of legal tender, and any sterling bank note, of any age, may be used provided the trader is content to accept it. the bank of england will exchange old £1 notes for their face value in perpetuity.
bank of england £1 note
three thousand acres in the northern part of present-day pound ridge were included within the more than 86,000 acre cortlandt manor grant which extended from the hudson river in the west twenty miles east to the connecticut border. a member of the historically prominent lockwood family first purchased land in pound ridge in 1737 and several members of the family settled in the town within the next six years. the scofield family first settled in the area in 1745 and the first fancher settled in the area in 1758. roads in the modern town bear the name of each of these families. the first record of the term “old pound ridge” to refer to the present-day town’s territory is found in the north castle records from 1737. “old pound ridge” begins to appear in stamford records in 1750. the name “old pound ridge” is thought to have originated from the presence of an indian game pound on a hill within the territory when the settlers first arrived.
pound ridge, new york