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1 Pound John Maberly & Company
| Issuer | John Maberly & Company (Exchange and Deposit Banks) |
|---|---|
| Year | 1825 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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|---|---|
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| Reverse description | Black and red design with blue border. The Royal coat of arms of the United Kingdom is centrally placed, flanked on either side by the royal cypher of George IV. The motto ribbons and supporting decorative elements are rendered in fine engraved line work. |
| Reverse lettering | FIVE PENCE GR IV HONI SOIT QUI MAL Y PENSE DIEU · ET · MON · DROIT ONE |
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| Comments |
John Maberly & Company operated as part of the short-lived wave of English country and exchange banks that proliferated in the early 1820s following the relaxation of restrictions on joint-stock banking outside London. The firm collapsed in 1826 — the same financial panic that wiped out dozens of similar institutions and prompted the Bank of England to begin issuing notes in smaller denominations for the first time since the Restriction Period.
Perkins, Bacon & Petch were already known for their steel-engraved anti-forgery work on American bank notes before establishing in London. Their involvement here reflects the premium some smaller issuers placed on security printing at a time when forgery prosecution was still the primary deterrent.
The 1826 panic effectively ended this note's issuing authority before the year was out.