Back in the early 1980s you could buy a lot more things with £1 than you can today; a pint of milk cost 21p, a loaf of bread cost 38p, and a whole pint of larger only cost around 93p!
This £1 banknote, which is in mint uncirculated condition, was issued by The Bank of England in 1978-1981. It was part of the Series D Pictorial Issue series of £1 banknotes, and was the first £1 banknote issued since decimalisation in 1971.
The reverse features Isaac Newton, genius of the Scientific Revolution and one of the most famous figures to ever hold the role of Master of the Mint. This was the first time that £1 banknotes featured a portrait in celebration of an important person in British history.
The obverse features a portrait of Her Majesty Queen Elizabeth II, and the signature of J B Page, who was Chief Cashier at the time.
Chief Cashiers at The Bank of England have the important role of ensuring all UK banknotes meet the required expectations and needs of the public. They have also been the sole signatory of each newly issued banknote since 1870. Banknote enthusiasts have since collected each banknote issued with a different Chief Cashier’s signature.
From 1983 the £1 banknote was gradually replaced by the £1 coin, and the note ceased to be legal tender on 11th March 1988.
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UK £1 Banknote Chief Cashier J B Page
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- £1 banknote
- Years issued: 1978-1981
- Chief Cashier: J B Page
- Reverse: Isaac Newton