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No idea. All the news from back then that I can find only mentions that it is happening, not why. There's one article that calls the coins "longer lasting" but they're just randomly throwing some adjectives and adverbs around, not actually saying that's the reason for switching back to a coin.
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Ok, thanks for the heads up. Seems like they'd get heavy adding up in your pocket though.
Jeremy Falcon
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i am an expat, I recall the pound note being taken out of circulation in the early nineties!
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Out of curiosity... why were they taken out?
Jeremy Falcon
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the development of the 1 pound coin. For a Bank coins are cheaper to maintain than notes, as they have a much longer life span!
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The only reason the same didn't happen in the US was that the Susan B Anthony dollar coin was a flop (too easy to mistake for a quarter); and then vending machine makers figured out how to make a cheap scanner that could tell real bills from mass market grade counterfeits before the hangover from the former debacle made another serious attempt politically viable. Once they had a bill slot available they stopped agitating for a dollar coin; and since they were the main advocate in the US at the time...
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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That actually makes a lot of sense. So I'm starting to wonder if the 1 notes will ever make a comeback in the future... I mean before we drop paper altogether.
Jeremy Falcon
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I doubt it. Coins are more cost effective for the national banks/mints. If anything, I'd expect to see higher denomination coins slowly eroding the supply of bills from below to encourage people to use cards or other traceable forms of electronic payment instead.
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 have a feeling you might be right. Crazy to think that in future generations paper money will seem so antiquated to folks.
Jeremy Falcon
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They'll probably feel the same about coins. And credit/bank cards for that matter. IMO the only real question is if some sort of physical token (eg a smartphone or whatever replaces them) will still be used or if the system will go fully biometric.
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 don't have anything to really go off of, but I'm willing to bet the entire physical nature of it will just go away. So, I'd lean towards biometric, etc. I mean hell, we're even doing that with other things like roller coasters already. Can't go and have a real one, that's scary, they gotta be virtual now.
Jeremy Falcon
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I still have the last one pound note that I owned. No idea why I kept it. I also have some groats, farthings, threepenny bits, sixpences, florins, half-crowns, crowns, guineas, ten-bob notes and various other old currency.
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Maybe in 100 years it might be worth something if you keep it. You never know.
Jeremy Falcon
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Whilst I plan on being here in 100 years I'm pretty sure it'll still be a nice to look at collection but not worth very much.
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Indeed: Age != value
They made a whole lot of 'em! 
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
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Then give it a million years. At some point... eventually man. You just gotta hang in there.
Jeremy Falcon
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Ah, real money that actually had some value. I remember going out for an evening with only a ten shilling note and a few coins in my pocket. Never had anything left for the bus home though.
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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.
This space for rent
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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.
This space for rent
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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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