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1 Pound Le Coin Bank
| Issuer | Le Coin Bank, Jersey |
|---|---|
| Year | 1835 |
| Type | Local banknote |
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| Obverse description | Plain undecorated note printed in black on cream paper, with the bank title "LE COIN BANK, JERSEY." set within a curved scrollwork cartouche at the top centre. A central arms vignette, believed to represent the arms of Jersey, is flanked by manuscript serial numbers on either side. The promise-to-pay text is rendered in a combination of copperplate script and bold letterpress, with the date, payee clause "For Alexandre & Co.", and two manuscript signatures completed by hand. |
|---|---|
| Obverse lettering | LE COIN BANK, JERSEY. No. 325 We Promise to pay the Bearer on Demand ONE POUND BRITISH. The 15 day of Aug 1835 Payable at _ For Alexandre & Co. ONE Security |
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Le Coin Bank was one of several small private banks operating in Jersey during the first half of the nineteenth century, issuing their own notes in a monetary environment that remained largely unregulated until the later Victorian period. Jersey sat outside the Bank of England's legislative reach, which allowed these local institutions to circulate paper freely long after equivalent English country banks had been brought to heel by the 1826 Banking Act.
JN#162 is among the rarer survivals from this network. Private bank failures across the Channel Islands in this period were common, and note redemption was not guaranteed — which means unissued remainders and cancelled examples often outlasted the circulated stock by decades.