The Great Britain £1 Coin and Banknote Set

The Great Britain £1 Coin and Banknote Set marks a pivotal moment in our nation’s numismatic history — the end of one era and the beginning of a new one.

It hardly seems possible but it was now more than 30 years ago that the £1 note was taken out of circulation forever and replaced with the new "round" pound coin. 

  • Features the last of its kind £1 Note  Issued by the Bank of England - the beloved pound note was gradually replaced by the pound coin and officially withdrawn from circulation in 1988

  • The set also includes the first-ever £1 coin issued by Royal Mint which was introduced in 1983 to replace the £1 note

  • The Royal Mint struck the first-ever £1 coin in both brilliant uncirculated cupro-nickel and proof condition Sterling Silver - both coins are featured in this set.
  • The banknote and coins are in precisely the same condition as they were when first issued nearly 40 years ago

  • Very few sets are available, order promptly to avoid disappointment
£198.00
Available in 3 instalments of £66.00
Product Number:
426-KBC18.01S

The Coin and Banknote Set Straight out of Our Nation’s History Books

The Great Britain £1 Coin and Banknote Set, features the very last £1 note and the very first £1 coin to be issued in Great Britain. It marks a pivotal moment in our nation’s numismatic history — the end of one era and the beginning of a new one.

On November 12, 1984, Chancellor of the Exchequer Nigel Lawson called time on the pound note stating that it was to be phased out following the introduction of the £1 coin in April 1983. Inflation had significantly increased the frequency with which £1 notes were being handled and circulated, and the consequential life span of the paper currency was rapidly diminishing. That any notes survived at all for collectors is nothing short of miraculous, but today, you have the opportunity to secure not only a first issue £1 note in MINT CONDITION, but in addition, the very first issue £1 coins which replaced it, in both SILVER PROOF and BRILLIANT UNCIRCULATED condition. Quite literally, the banknote and coins are in precisely the same condition as they were when first issued nearly 40 years ago.

The Last Ever £1 Note Issued by the Bank of England

The green Somerset £1 note (known as the Series D) — was the ‘last of its kind’ £1 note to circulate in the UK. Somerset was the Chief Cashier at the Bank of England at that time, and hence the banknote bears his signature. It is one of the Pictorial Series, referred to as such because notes in this series featured pictorial representations of famous British figures. This note bears the image of Sir Isaac Newton on the reverse and is the very banknote ever to do so. The prism on the table beside Newton refers to his work, “The New Theory of Lights and Colours” (1672) and “Optics” (1704). On the obverse of the note is the portrait of Queen Elizabeth II alongside the image of the caduceus and a cornucopia. This imagery beautifully links the obverse design to the theme of science established by the image of Newton.

A ‘First’ and ‘Last’ of its Kind — the 1983 £1 Coin Issued by the Royal Mint

The set also features the first-ever £1 coin issued by Royal Mint which was introduced in 1983 to replace the £1 note. IMPORTANTLY, this coin is both a first and a last — being the first £1 coin of the UK and the last £1 coin to feature the Machin effigy of HM Queen Elizabeth II. The Royal Mint struck the first ever £1 coin in both brilliant uncirculated cupro-nickel and proof condition Sterling Silver - both coins are featured in this set.

These types of coins are precisely those most in-demand from collectors and this explains why the coins are so rare. Astonishingly, the golden cupro-nickel coin in this set NEVER CIRCULATED. It is still in the same Brilliant Uncirculated condition as it was when the Royal Mint struck it in 1983. And the sterling silver £1 coin is in the highest possible quality proof condition, just as it was nearly 40 years ago.