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1 Pound Guernsey Bank - Macculloch and Co.
| Issuer | Guernsey Bank (Macculloch, Allaire, Bonamy & Co.) |
|---|---|
| Year | 1808-1811 |
| Type | Standard circulation banknote |
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| Obverse description | Printed in black, with the arms of Guernsey positioned at the left. The word "One" appears in large letterpress characters at the lower left against a shaded underprint background. The issue date is entered in manuscript, and the note bears a hand-applied manuscript signature at the lower right by Thomas Macculloch on behalf of the partnership. |
|---|---|
| Obverse lettering | Guernsey Bank Promise to pay the Bearer on demand the sum of One Pound in A BANK OF ENGLAND NOTE. Guernsey the 10 day of April 1809 For Macculloch, Allaire, Bonamy & Co. |
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| Comments |
Macculloch, Allaire, Bonamy & Co. operated the Guernsey Bank during an exceptionally turbulent period for Channel Island finance. The Napoleonic Wars had disrupted normal trade routes and coin supply, and small private banks in the islands were issuing paper to fill the gap — not always with adequate reserves to back it.
The firm did not survive long. Private bank failures in the Channel Islands during this era were common enough that local confidence in such notes was fragile from the outset. GN#2 is among the earliest recorded private banknote issues for Guernsey, making surviving examples genuinely rare.