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1 Pound Bank of New Zealand

Issuer Bank of New Zealand
Year 1862-1870
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Value 1 Pound
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Obverse description The Royal Arms vignette is centrally positioned at the top, flanked by ornate sunburst guilloche panels bearing the denomination ONE at upper left and right. The bank title BANK OF NEW ZEALAND arches across the upper portion in bold letterpress, beneath the word INCORPORATED, while the promise-to-pay text and denomination ONE POUND STERLING are rendered in a combination of copperplate script and bold intaglio lettering at centre. The branch location (OTAGO or PICTON depending on issue) appears below the central panel, with signature lines for Manager and Accountant at lower right, and the statutory authority BY ACT OF THE GENERAL ASSEMBLY in letterpress along the bottom margin; the note illustrated is a Specimen, as printed by Perkins, Bacon & Co., London Patent Hard-faced Steel Plate.
Obverse lettering INCORPORATED BANK OF NEW ZEALAND ONE ONE ON DEMAND WE PROMISE TO PAY TO THE BEARER ONE POUND STERLING OTAGO DAY OF 18 FOR THE BANK OF NEW ZEALAND MANAGER ACCOUNTANT SPECIMEN BY ACT OF THE GENERAL ASSEMBLY
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Comments

The Bank of New Zealand was chartered in 1861 and began issuing notes almost immediately — this pound note belongs to the earliest series the bank ever produced. Perkins, Bacon & Co. were the dominant security printers of the period, with long experience in colonial bank notes and postage stamps, and their intaglio work for antipodean issuers in the 1860s was technically well ahead of anything that could be produced locally in New Zealand at the time.

Surviving examples from this series are genuinely rare. Branch circulation in a colony with sparse settlement, rough handling, and no systematic redemption records means attrition was high and documentation thin.

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