1 Pound

The States of Guernsey began issuing their own paper currency in 1827, decades before most Crown Dependencies had any formal note-issuing apparatus. This early £1 belongs to a period when the island's monetary arrangements were genuinely anomalous — Guernsey operated outside the Bank of England's jurisdiction and maintained its own distinct currency system, a situation that generated periodic friction with British Treasury officials throughout the mid-nineteenth century.

The A2 designation reflects surviving documentation rather than a clean cataloguing sequence — earlier Guernsey issues from this period are poorly attested, and the precise boundaries between related series remain debated among specialists.