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1 Guinea

Issuer Pontefract Bank
Year 1810
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Size 184 × 80 mm
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Obverse lettering PONTEFRACT BANK Promise to pay the Bearer ONE GUINEA on Demand here in Bank or Bank of England Note
Reverse description Reverse is blank, with no printed design, lettering, or ornamental elements; the aged paper surface shows fold lines and discolouration consistent with circulation.
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Comments

Pontefract Bank was one of dozens of small English country banks that issued their own notes under the terms permitting private note issue before the Bank Charter Act of 1844 gradually ended the practice. A guinea denomination — 21 shillings rather than a round pound — was already an anachronism by 1810, rooted in the old gold coinage that had effectively disappeared from circulation during the Napoleonic Wars. Issuing in guineas rather than pounds was partly traditional, partly a way of signaling gentility in commercial transactions.

Pontefract Bank did not survive the country banking crises of the 1820s.