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1 Pound Jersey Bank - Baudains

Issuer Jersey Bank (Michel Baudains)
Year 1813-1815
Type Local banknote
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Obverse lettering Jersey Bank / Promise to pay the Bearer on Demand the Sum of ONE POUND in A BANK OF ENGLAND NOTE / For Michel Baudains / Jersey the day of / ONE POUND
Reverse description Plain unprinted reverse.
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Comments

Michel Baudains operated one of several private banks issuing notes in Jersey during the Napoleonic Wars, when disrupted trade and a shortage of coin made small-denomination paper a practical necessity. These were not chartered institutions — they were essentially personal promises to pay, backed by the issuer's commercial reputation rather than any regulatory framework.

The Jersey Bank series issued under Baudains's name ran only a few years before collapsing, and surviving notes are rare precisely because redemption and destruction were the intended endpoint. JN#22 is among the more elusive of the local private issues from this period.

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