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Unusual Denomination sequence?

Posted: 10 May 2024 12:09
by Vellakare
How come Scotland and Northern Ireland to a leader extent do a double skip in denomination -

As in

£1 - £5 - £20 - £100

Omitting the £10 and having an almost Fanatical aversion to £50, until the ‘Moderation of the 1960’s and the ‘Great Inflation’ of the 1970’s.

I have only seen this occur in One other region - The Eastern Caribbean.

Plus - Northern Irish Banks were delighted to get rid of the £1 note quite early in contrast to their Scottish counterparts and were some of the earliest (Allied Irish/First Trust) 1990 and Northern (1991) to end the £5?

I suspect Its a different type of economy and also a different visible role for each denomination;

Example:

£1 for spending
£5 for saving
£20 for commerce
£100 for land

Some Family and friends in Bookmaking and Insurance for saw £20, £50 ‘S £100’s when he was young, but the bulk of money in the 1960’s was in 10/- £1, £5 & £10.

Plus an easier approach to the 10 Shilling / Fifty Pence Series D with Sir Walter Raleigh on the back of 1964 Would be to follow the Middle Eastern and Australian approach and call it £ 1/2 - Half Pound.

Were there Any earlier proposals to replace Irelands Series A prior to 1971, or other pattern designs explored?, particularly after the UK size reduction in Series C (1960 - 1964) and Series D (1970 - 1978)