Bank of England note issues of the note; these notes are now very rare and sought by collectors. The Stephenson £5 note was withdrawn as legal tender from 21 November 2003, at which time it formed around 54 million of the 211 million £5 notes in circulation. The first Bank of England £10 note was issued in 1759, when the Seven Years' War caused severe gold shortages. Following the withdrawal of the denomination after the Second World War, it was not reintroduced until 21 February 1964 when a new brown-coloured note was issued in the Series C design. The Series C note was withdrawn on
Bank of England £50 note the Series G polymer £20 note). Peter Sands, an advisor to the British Government and former Chief Executive of Standard Chartered, has raised concern with the Bank of England over high denomination notes and their role in tax evasion. He claimed that scrapping the £50, and other high denomination notes such as the CHF 1000 and $100, would reduce financial crime. Information taken from Bank of England website. Bank of England £50 note The Bank of England £50 note is a banknote of the pound sterling. It is the highest denomination of banknote issued for public circulation by the Bank