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When I were a lad, a bunch of us went up to West End to go to a "disco". Long story short, we came out of there penniless, in the middle of the night and had to walk home. Took several hours as I recall. Ah, those were the days! 
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I, too, have my last £1 note and various other pre-decimalisation coins (I managed to collect 52 different years of the penny as I lived near an amusement arcade during the change-over years (1967-1971)). I haven't any groats or guineas, but do have farthings, ha'p'nies, thre'p'ny bits (silver and polygonal), sixpences, shillings, florins, half crowns, crowns and 10s notes. (The crowns are the only things of any value).
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The one pound note was cheaper to produce than the pound coin but it didn't stand up to wear and tear as well. The coin has much greater staying power and was also considered to be harder to fake. The coin was also popular with vending machine manufacturers.
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It makes you wonder then why stop at £1 notes then and why not just go to coins. You'd think the larger denominations are the ones you'd want to stand the test of time rather than the £1 ones. Just out of curiosity how many of them coins you got floating around in your pocket on any given day? They weigh your pants down?
Jeremy Falcon
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I tend to have notes.
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I guess I could see it. Just odd considering there's always been one notes from my neck of the woods.
Jeremy Falcon
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With bills it's the opposite actually. Due to the higher profits in counterfeiting you want faster turnover in high value currency so old designs can be removed from circulation before too many good enough fakes are produced.
That's also one of the factors behind the demise of large denomination bills like the £100 note. The other is that large denomination bills are also used for transferring criminal profits around without leaving paper trails. Anti-money laundering groups have been advocating the retirement of all $100 class bills for years because of that. Other than for Grandma and Grandpa wanting to make a large cash gift in a single bill I've only ever seen $50/100 bills used when selling largish amounts of scrap metal. The latter was ~20 years ago; with various attempts to stop copper theft/etc I've seen over the years since I'm not sure if they can still operate as cash businesses or not.
Did you ever see history portrayed as an old man with a wise brow and pulseless heart, waging all things in the balance of reason?
Is not rather the genius of history like an eternal, imploring maiden, full of fire, with a burning heart and flaming soul, humanly warm and humanly beautiful?
--Zachris Topelius
Training a telescope on one’s own belly button will only reveal lint. You like that? You go right on staring at it. I prefer looking at galaxies.
-- Sarah Hoyt
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I can see that, but personally I'm in favor of leaving the denominations alone for the dollar... more small government type stuff I can't get into in the lounge. But, this would make sense as to why there aren't £100 notes, since I was curious about that too.
Jeremy Falcon
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Jersey has one, and there may still be a Scottish one, but England hasn't had one for a couple of decades, now.
They're too expensive. Pound coins cost only a little more to make, but last a thousand times longer.
I wanna be a eunuchs developer! Pass me a bread knife!
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Gotcha, good to know this stuff. Thanks.
Jeremy Falcon
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5 is the smallest euro note too.
it's because we didnt need to keep them in supply for tucking into stripper's underwear like what the Americans did.
Some men are born mediocre, some men achieve mediocrity, and some men have mediocrity thrust upon them.
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It's all about the ccontactless payment, you just need to know where to press the card.
Can be unfortunate if you get one that still needs swiping.
Some men are born mediocre, some men achieve mediocrity, and some men have mediocrity thrust upon them.
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Just don't think about where the receipt is printed out.
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What happens if you want to shower a dancer with a bunch of ones though? I mean, what happened to that time honored tradition?
Jeremy Falcon
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She's going to get concussion.
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Good times. 
Jeremy Falcon
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They still exist in Scotland, but the only people that use them are beggars as they can hide them in their socks.
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But would they still be accepted as legal tender still, or are they just used as sock padding now?
Jeremy Falcon
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They are in Scotland, not in England, in the same way that English notes aren't legal tender in Scotland. However, whilst English notes are generally accepted in Scotland, Scottish notes are harder to spend in England, it tends to be up to the discretion of the place you're spending them. If you're in the north of England they might get accepted.
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Good to know. Thanks.
Jeremy Falcon
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Apparently[^] they don't think it belongs in an aquarium. On behalf of People Eating Tasty Animals I wholeheartedly endorse this position. Put it back where it can be trapped again and served on a platter with a big bowl of melted butter. 
Did you ever see history portrayed as an old man with a wise brow and pulseless heart, waging all things in the balance of reason?
Is not rather the genius of history like an eternal, imploring maiden, full of fire, with a burning heart and flaming soul, humanly warm and humanly beautiful?
--Zachris Topelius
Training a telescope on one’s own belly button will only reveal lint. You like that? You go right on staring at it. I prefer looking at galaxies.
-- Sarah Hoyt
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PETA is a bunch of morons. That is all that needs to be said.
What do you get when you cross a joke with a rhetorical question?
The metaphorical solid rear-end expulsions have impacted the metaphorical motorized bladed rotating air movement mechanism.
Do questions with multiple question marks annoy you???
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The hell with where it can be trapped. Tank => pot => plate => me. IMHO the best thing you can do to a lobster.
Never underestimate the power of human stupidity
RAH
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I used to work at an aquarium and PETA tried to start a campaign against us because fish was on the menu in the restaurant! I think they thought that the fishies in the tanks could see their relatives being consumed.
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I'm an optoholic - my glass is always half full of vodka.
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