1 Pound Le Coin Bank

Le Coin Bank was one of several small private banks operating in Jersey during the first half of the nineteenth century, issuing their own notes in a monetary environment that remained largely unregulated until the later Victorian period. Jersey sat outside the Bank of England's legislative reach, which allowed these local institutions to circulate paper freely long after equivalent English country banks had been brought to heel by the 1826 Banking Act.

JN#162 is among the rarer survivals from this network. Private bank failures across the Channel Islands in this period were common, and note redemption was not guaranteed — which means unissued remainders and cancelled examples often outlasted the circulated stock by decades.