Catalog
1 Pound
| Issuer | Government of the Turks and Caicos Islands |
|---|---|
| Year | 1928 |
| Type | Standard circulation banknote |
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| Obverse description | Red on brown underprint, with an elaborate guilloche border framing the entire face. A central crowned royal arms vignette is positioned at the top centre, flanked by the serial number in two panels. The denomination ONE POUND is set in bold letterpress within a guilloche panel at centre, with the date 19th January 1928 and two manuscript signatures of the Directors of Currency appearing in the lower portion. |
|---|---|
| Obverse lettering | The Government of the Turks & Caicos Islands PROMISE TO PAY TO BEARER ON DEMAND THE SUM OF ONE POUND FOR THE GOVERNMENT OF THE TURKS & CAICOS ISLANDS DIRECTORS OF CURRENCY THOMAS DE LA RUE AND COMPANY LIMITED |
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| Comments |
The Turks and Caicos Islands had no local bank of issue in 1928 — currency authority rested directly with the colonial government, which is why these notes carry a government rather than a banking institution imprint. De La Rue produced the plates in London, as they did for dozens of British colonial territories during this period, but actual circulation in the islands was thin; the economy ran heavily on the salt trade, and hard currency from the Bahamas and the United States moved through the territory more freely than locally issued paper.
Pick 3 is scarce. The issuing period was short, quantities were small, and salt-trade communities had little incentive to preserve banknotes over coin.