1 Pound Lloyd's Bank

Lloyds Bank was among the English joint-stock banks still exercising note-issuing rights in the early twentieth century — a privilege that was already dying. The 1919 Act tightened the rules further, and the Currency and Bank Notes Act of 1928 finally extinguished private English note issue altogether, which is why this series had such a short window. Notes issued between those years were effectively the last gasp of a practice that had defined English provincial banking for over a century.

W. M. Sprague & Co. handled engraving and printing for several English private issuers during this period. Their London output for Lloyds is generally well-executed, though the series is modestly scarce in any circulated grade — most survivors appear to have been conserved rather than spent.