when did the old pound note go out of circulation
Bank of England £1 note The Bank of England Â£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 After the ten shilling note was withdrawn in 1970 it became the smallest denomination note issued by the Bank of England.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 The note was withdrawn in 1988 in favour of the one pound coin.
Bank of England £50 note However, a Bank of England source told the Financial Times (FT) in December 2016 that there were no plans to remove the note from circulation. The FT said the removal would be "a loss of Liberty" and raised points that the Â£50 is useful for high value cash transactions, such as eating out.[9]