1 Pound - George V

Waterlow & Sons produced this note at a moment when the Bahamas Government was still operating under extremely limited fiscal infrastructure — the colonial treasury had no central bank backing it, and denominations like this one functioned as the primary instrument of government credit on the islands. The 1919 date places it in the immediate aftermath of World War One, when shipping disruptions had already strained the colony's import-dependent economy.

Waterlow's colonial work from this period is generally well-regarded for its intaglio depth, and the Bahamas issues of the era are notably scarce in circulated grades — the small population meant low print runs, and paper survival in a humid maritime climate was poor.