1 Pound

Guernsey's first modern government note issue, and one of the few cases where a Channel Island administration bypassed any bank entirely and issued paper currency directly through its own treasury from the outset. Perkins, Bacon & Petch — better known for producing stamps and securities across the British Empire — brought their intaglio expertise to the job, which shows in the quality of the engraving relative to what most small jurisdictions were issuing at the time.

The 1913 date places this note right at the edge of WWI, after which Guernsey's note-issuing accelerated sharply to address the wartime coin shortage.