What is the value of a UK pound note?

The British £1 note was withdrawn by the Bank of England in 1984 but it is still printed and issued by the Royal Bank of Scotland. The Scottish version is still legal tender in Scotland and in theory in the rest of the UK, however it is not widely accepted outside Scotland, the English version is still exchangeable for £1 in cash at the Bank of England in London and some larger UK banks. Though not part of the UK, Jersey, Guernsey and the Isle of Man still circulate a £1 note.