Bank of England note issues England Mark Carney announced that a newly designed £10 banknote, featuring novelist Jane Austen, would be issued in 2017. The campaign for a woman to appear celebrated the choice as "a brilliant day". The date of issue was subsequently confirmed as 14 September 2017. Like the £5 note featuring Churchill, the new £10 note is made from polymer rather than cotton paper. It depicts: £20 notes, in white, appeared in 1725 and continued to be issued until 1943. They ceased to be legal tender in 1945. After World War II, the £20 denomination did not reappear until 1970, when the
Legal tender face values of gold coins are 50p; £1; £2; and £5, a mere fraction of their worth as bullion. Five pound coins, although legal tender, are intended as souvenirs and are almost never seen in circulation. Maundy money is legal tender but may not be accepted by retailers and is worth much more than face value due to its rarity value and silver content. Bank of England notes are legal tender in England and Wales and are issued in the denominations of £5, £10, £20 and £50. They can always be redeemed at the Bank of England even if discontinued.