Bank of England 10s note Bank of England 10s note The Bank of England 10s note was a banknote of the pound sterling. Ten shillings in pre-decimal money (written 10s or 10/-) was equivalent to half of one pound. The ten-shilling note was the smallest denomination note ever issued by the Bank of England. The note was issued by the Bank of England for the first time in 1928 and continued to be printed until 1969. The note ceased to be legal tender in 1970 and was removed in favour of the fifty pence coin. In the 18th and 19th centuries, banknotes were handwritten or
Legal tender other than by legal tender. For example, such a law might outlaw the use of foreign coins and bank notes or require a license to perform financial transactions in a foreign currency. Generally, designation of a particular form of money as legal tender means "that the designated money is valid payment for all debts unless there is a specific agreement to the contrary". In some jurisdictions legal tender can be refused as payment if no debt exists prior to the time of payment (where the obligation to pay may arise at the same time as the offer of payment). For