£1 used to be able to buy you a lot more than it would today. In the 1980s a pint of milk cost 21p, a loaf of bread cost 38p, and a whole pint of larger only cost around 93p.
It was over 35 years ago that this £1 banknote was issued by The Bank of England between 1981-1984 and 30 years since it ceased to be legal tender having been gradually replaced by the £1 coin and fully removed from circulation in 1988. It was part of the Series D Pictorial Issue series of £1 banknotes, and was the last ever English £1 banknote.
The obverse features the signature of the Chief Cashier at the time, D H F Somerset, and a portrait of Her Majesty Queen Elizabeth II.
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.
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.
The dimensions and overall design of this issue are the same as the previous 1978-1981 £1 note signed by Chief Cashier J B Page, but this note has a revised appearance with enhanced additional background colours.
This was the last £1 banknote ever issued, as from 1983 the £1 banknote was gradually replaced by the £1 coin, and the note ceased to be legal tender on 11th March 1988.
This banknote is in mint uncirculated condition, order today to secure yours and avoid disappointment.
UK £1 Banknote Chief Cashier D H F Somerset
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- £1 banknote
- Years issued: 1981-1984
- Chief Cashier: D H F Somerset
- Reverse: Isaac Newton