1 Pound Jersey Bank - Baudains

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.