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The Series B note was replaced in turn on 21 February 1963 by the Series C £5 note which for the first time introduced the portrait of the monarch, Queen Elizabeth II, to the £5 note (the Queen's portrait having first appeared on the Series C ten shilling and £1 notes issued in 1960). The Series C £5 note was withdrawn on 31 August 1973.
It tended to be times of war, which put inflationary pressure on the British economy, that led to greater note issue. In 1759, during the Seven Years' War, when the lowest-value note issued by the Bank was £20, a £10 note was issued for the first time. In 1793, during the war with revolutionary France, the Bank issued the first £5 note.
Existing definitive stamps issued from 15 February 1971 to 31 January 2022 remain valid until 31 January 2023: since 31 March 2022, they can be indefinitely exchanged for the barcoded series. [ 18 ] The 2022 issue was the last release in the Machin series prior to the death of Elizabeth II .
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The British one pound ( £1) coin is a denomination of sterling coinage. Its obverse bears the Latin engraving ELIZABETH II D G REG ( Dei Gratia Regina) F D ( Fidei defensor) meaning, 'Elizabeth II, by the grace of God, Queen, Defender of the Faith '. [ 1][ 2] It has featured the profile of Queen Elizabeth II since the original coin's ...
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