1 Pound Jersey Bank - Le Bailly & Deslandes

Jersey Bank was one of several private banking partnerships operating on the island in the early nineteenth century, issuing their own notes independently of any central authority — Jersey had no central bank and no formal note-issuing monopoly. Le Bailly & Deslandes were among the smaller operators, and their notes circulated alongside those of competing firms in a crowded, largely unregulated local market.

Most private Jersey bank notes of this period were redeemed and destroyed when the issuing partnerships dissolved or failed, which is why survivors are exceptionally rare. The island's eventual shift toward consolidated banking in the mid-nineteenth century effectively ended this era of competing private paper.