Bank of England £1 note 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 After the ten shilling note was withdrawn in 1970 it became the smallest denomination note issued by the Bank of England. The one pound note was issued by the Bank of England for the first time in 1797 and continued to be printed until 1984. The note was withdrawn in 1988 in favour of the one pound coin. One pound notes were introduced by the Bank of England for the first time in 1797, following gold shortages caused by the French Revolutionary
Bank of England note issues Treasury note entitles the Bank of England to payment of one million pounds on demand out of the Consolidated Fund of the United Kingdom'." A third note surfaced on the collector market, dated 8 September 2003, serial number is R016492, and it is signed by Andrew Turnbull, Secretary to the Treasury, and cancelled. A £10 million note was auctioned by Dix Noonan Webb, in London on 29 September 2014. The Treasury Bill, which promises to pay the bearer £10 million but is stamped “cancelled”, is expected to fetch a more modest figure of up to £15,000 in the sale. Until