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70 Pounds White, 1778 issue

Uitgever Bank of England
Jaar 1778-1807
Type Standard circulation banknote
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Beschrijving voorzijde A vignette of Britannia is positioned at the upper left, rendered in intaglio with the characteristic seated figure holding a spear and oval shield. The body of the note is occupied by a handwritten and letterpress promise-of-payment text issued by the Governor and Company of the Bank of England, with the denomination SEVENTY POUNDS expressed in words. This is a so-called 'White Note', printed on plain uncoloured paper with minimal decorative elements beyond the Britannia device.
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Beschrijving keerzijde The reverse is plain, unprinted white paper, consistent with the Bank of England 'White Note' issue practice of this period.
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Opmerkingen

The "White Notes" — so called for their plain, unprinted reverse — were the Bank of England's workhorse instruments for high-value transactions throughout the late Georgian period. These were not notes in the popular sense; they circulated almost exclusively among merchants, attorneys, and the financial houses of the City, rarely passing through more than a handful of hands before being presented for payment and cancelled. The £70 denomination is among the more unusual in the series, sitting awkwardly between the round-figure values that dominated commercial use.

Forgery was a persistent problem with these notes during the Napoleonic Wars period, and the Bank prosecuted forgers aggressively — sometimes capitally. The design's very plainness, paradoxically, made imitation easier.