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5 Pounds Dartmouth General Bank

Issuer Dartmouth General Bank
Year 1818
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Size 172 x 98 mm
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Obverse lettering Dartmouth General Bank
Promise to pay the Bearer on Demand FIVE POUNDS
Value received Dartmouth 11th day of Dec 1818
for John Hine and Henry Joseph Holdsworth
Reverse description Central ornamental rectangular cartouche framed by elaborate scrollwork and foliate guilloche borders, enclosing the bank name in letterpress.
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Comments

The Dartmouth General Bank was one of dozens of short-lived provincial banks that proliferated in England and Wales following the Country Bankers Act of 1826 — though this note predates that legislation, placing it in the earlier, more precarious era of unlimited-liability private banking. Country banks of this period frequently collapsed without warning, leaving noteholders with worthless paper. Whether the Dartmouth General Bank survived long enough to redeem its obligations is itself a question worth researching before assigning premium value to this piece.

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