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1 Pound

Issuer States of Guernsey
Year 1933-1940
Type Standard circulation banknote
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Obverse description A finely engraved vignette of St. Peter Port harbour occupies the upper centre, with sailing vessels and castle fortifications rendered in intaglio. The denomination ONE POUND appears in large red letterpress across the centre, flanked by guilloche corner ornaments bearing the numeral 1, above the promise-to-pay legend and treasurer's signature. The issuer's title THE STATES OF GUERNSEY is printed in bold letterpress along the top and bottom borders, with serial number and date to the sides.
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 THE STATES OF GUERNSEY GUERNSEY
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Comments

Guernsey's pre-war pound issues occupy an unusual corner of British colonial note history — the island's currency board operated with considerable autonomy, and the States of Guernsey issued directly rather than through any chartered bank. Perkins, Bacon & Petch had deep roots in security printing, their intaglio work well established from decades of stamp and banknote contracts across the empire.

When German forces occupied Guernsey in July 1940, existing notes remained in circulation alongside German Reichskreditkassenscheine. Notes from this 1933–1940 series that survived the occupation were eventually withdrawn, making genuinely circulated examples from the wartime period harder to attribute with certainty.

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