1 Pound

The Bank of Nassau was a short-lived colonial institution operating in the Bahamas, and by 1870 it was already in financial difficulty. The note predates the colonial government's eventual takeover of currency issuance, issued at a moment when private banking in the Bahamas was essentially collapsing under the weight of poor lending and thin reserves.

Cotton paper was the norm for British Caribbean issues of this period, sourced almost exclusively through London contractors. Surviving examples from this bank are genuinely rare — the institution did not last long enough to produce notes in quantity, and redemption or destruction would have claimed most of what circulated.