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1 Pound
| Issuer | States of Guernsey |
|---|---|
| Year | 1927-1928 |
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| Composition | Paper |
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| Obverse description | A detailed intaglio vignette of St. Sampson harbour occupies the upper centre, with sailing vessels moored along the quayside and a fort visible on the horizon, rendered in fine engraved linework. The issuer title 'The States of Guernsey' appears in ornate script across the upper portion, flanked by guilloche rosettes bearing the denomination 'ONE' in each corner. The promise-to-pay text and denomination 'ONE POUND' are set within a guilloche panel at centre, with a red underprint and the Treasurer's manuscript signature below, alongside the date and 'BY AUTHORITY OF THE STATES'. |
|---|---|
| Obverse lettering | THE STATES OF GUERNSEY THE STATES OF GUERNSEY PROMISE TO PAY THE BEARER ON DEMAND ONE POUND VALUE RECEIVED BY AUTHORITY OF THE STATES Entd THE STATES OF GUERNSEY |
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| Comments |
Guernsey's interwar pound notes were issued under the authority of the States of Guernsey rather than any commercial bank — an arrangement rooted in the island's constitutional independence from the United Kingdom's banking legislation. The island could and did issue its own currency without reference to Westminster, which it had been doing in various forms since the nineteenth century.
Perkins, Bacon & Petch were the engravers of choice for small dependencies and colonial administrations throughout this period, their intaglio work being difficult to counterfeit and trusted accordingly. The 1927–28 series replaced an earlier wartime issue that had been produced under very different fiscal pressures.