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
Bank of England 10s note only obliged to exchange notes for gold in multiples of 400 ounces or more. The responsibility for the printing of ten-shilling notes was transferred to the Bank of England in 1928, and the right to redeem banknotes for gold ceased in 1931 when Britain stopped using the gold standard. The first Bank of England ten-shilling notes were two-sided, red, printed banknotes featuring the declaration "I promise to pay the bearer on demand the sum of ten shillings" on the front. This declaration remains on Bank of England banknotes to this day. In 1940, during the Second World War, ten-shilling notes