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1 Pound Sorrel's Bank
| Issuer | Sorrel's Bank, Jersey |
|---|---|
| Year | 1832 |
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| Composition | Paper |
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| Obverse description | Printed in black on plain paper, the note bears an elaborate calligraphic heading reading 'Jersey' with flourished script throughout. To the left, an engraved vignette presents the Jersey coat of arms — three lions passant — within a laurel wreath cartouche, inscribed 'According to Act of the States' below. The denomination 'One Pound' appears in bold letterpress at lower left, with a circular guilloche medallion inscribed '1 Pound' upper centre, serial numbers in manuscript at upper left and right, and the promise-to-pay text, place, and date of 16th May 1832 written in copperplate hand across the body of the note, signed for Thos. Sorel, Thos. Jarvis & John Sorel, with the imprint 'N.P. Dumaresq St.' at lower right. |
|---|---|
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| Reverse description | Reverse is blank, with no printed text, vignettes, or security features. |
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| Comments |
Sorrel's Bank was one of several small private issuing houses operating in Jersey during the first half of the nineteenth century, a period when the island's financial infrastructure ran almost entirely on local trust networks rather than any formal regulatory framework. These institutions had no legal obligation to maintain specie reserves, and confidence in their notes depended almost entirely on the personal reputation of the proprietor.
Sorrel's Bank failed before mid-century, which collapsed redemption of its outstanding notes. Survivors in any condition are genuinely uncommon — most were rendered worthless and discarded rather than preserved.