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1 Pound Sorrel's Bank
| Issuer | Sorrel's Bank, Jersey |
|---|---|
| Year | 1832 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | Jersey No. 1 POUND Promise to pay the Bearer on Demand One Pound Jersey the 16th day of May 1832 For Thos. Sorel Thos. Jarvis & John Sorel One Pound Enl. Thomas Sorel Jun. According to Act of the States N.P. Dumaresq St. |
| Reverse description | Reverse is blank, with no printed text, vignettes, or security features. |
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| Comments |
Sorrel's Bank was one of several small private issuing houses operating in Jersey during the first half of the nineteenth century, a period when the island's financial infrastructure ran almost entirely on local trust networks rather than any formal regulatory framework. These institutions had no legal obligation to maintain specie reserves, and confidence in their notes depended almost entirely on the personal reputation of the proprietor.
Sorrel's Bank failed before mid-century, which collapsed redemption of its outstanding notes. Survivors in any condition are genuinely uncommon — most were rendered worthless and discarded rather than preserved.