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1 Pound Guernsey Bank - Macculoch and Co.
| Issuer | Guernsey Bank (Macculoch, Maire, Bonamy & Co.) |
|---|---|
| Year | 1808 |
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| Composition | Paper |
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| Obverse description | Printed in black on plain paper, the note carries the Guernsey arms vignette at the left margin. The word 'One' appears in large letterpress characters at the lower left, serving as a denomination guard. The date is entered in manuscript by hand, with the month of April and the year pre-printed in the text body. |
|---|---|
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| Reverse description | Blank, without any printed design, text, or ornamentation. |
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| Comments |
Guernsey Bank — formally Macculoch, Maire, Bonamy & Co. — was one of the earliest private banking ventures on the island, operating in an environment where sterling coin was chronically scarce and small denomination paper filled the gap left by the Royal Mint. The Channel Islands were not subject to the Bank of England's monopoly on note issue in England, which gave local merchants the legal room to circulate their own paper.
Notes from this house dating to 1808 are among the earliest documented Guernsey private bank issues and survival rates are extremely low. The partnership dissolved within a few decades, and unredeemed notes were never systematically collected or archived.