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1 Pound Guernsey Bank - Macculloch and Co.
| Issuer | Guernsey Bank (Macculloch, Allaire, Bonamy & Co.) |
|---|---|
| Year | 1808-1811 |
| Type | Log in to see details |
| Value | 1 Pound |
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| Composition | Log in to see details |
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| Obverse description | Printed in black, with the arms of Guernsey positioned at the left. The word "One" appears in large letterpress characters at the lower left against a shaded underprint background. The issue date is entered in manuscript, and the note bears a hand-applied manuscript signature at the lower right by Thomas Macculloch on behalf of the partnership. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Reverse is entirely blank, with no printed or engraved design elements, consistent with early 19th-century private provincial banknote practice. |
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| Comments |
Macculloch, Allaire, Bonamy & Co. operated the Guernsey Bank during an exceptionally turbulent period for Channel Island finance. The Napoleonic Wars had disrupted normal trade routes and coin supply, and small private banks in the islands were issuing paper to fill the gap — not always with adequate reserves to back it.
The firm did not survive long. Private bank failures in the Channel Islands during this era were common enough that local confidence in such notes was fragile from the outset. GN#2 is among the earliest recorded private banknote issues for Guernsey, making surviving examples genuinely rare.