Bank of England £1 note 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. Information taken from Bank of England website. Bank of England £1 note The Bank of England £1 note was a banknote of the pound sterling. After the ten shilling note was withdrawn in 1970 it became the smallest denomination note issued by
Bank of England £50 note note is the first Bank of England banknote to feature two people on the reverse, and the first Bank of England note to feature the motion thread security feature. This is an image in a broken green thread that moves as the note is viewed from different angles. The Bank of England has issued new £5 and £10 notes in polymer form. In October 2018, the Bank of England announced that the £50 note would be retained, with a new Series G polymer note planned to replace the Series F note at some point after 2020 (and the introduction of