Some of us think that the Bank of England has always issued the £1 note denomination, this is far from the truth. It was first issued as an emergency denomination in 1797 as a response to the economic difficulties caused by the Napoleonic Wars. Those £1 notes lasted until 1826 .
It was over 100 years before the Bank of England decided to issue a £1 note again. It was in 1928 and the Chief Cashier at the time was C.P. Mahon (B212/P363a)
These new notes followed the so called Britannia design. A portrait of a seated Britannia is on the front and on the back is a view of the facade of the Bank of England in Threadneedle Street along the top. Below this we find the reverse of the sovereign, the gold equivalent of the £1 with Pistrucci's rendition of St George and the dragon set in a bed of acanthus leaves. They are Unthreaded.
The Mahon £1 note has always been elusive for collectors . It was put in circulation in 1928, one year later, in 1929, Mahon stepped down in favour of B.G. Catterms as Chief Cashier. We are delighted to be able to offer these examples of the scarce Mahon £1 in VG condition.