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1 Punt

Issuer Cwmni y Ddafad Ddu Gymreig Cyfyngedig (Black Sheep Company of Wales Limited)
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Size 178 x 103 mm
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Obverse description Black woodcut-style vignette of a black sheep standing on a grass mound at upper left, alongside the issuer's title in ornate calligraphic letterpress. A large decorative £1 monogram appears at lower left, with the promise-to-pay text in Welsh in the centre and a CANCELLED stamp over the manuscript signature above the Glan Conwy Cyfarwyddwr (Director) designation.
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Reverse lettering The Treasury Note promises to pay
the Bearer, one day after sight, the
sum of ONE WELSH POUND
The Chief Treasury of Wales was
formed in 1969 as the only privately
owned National Treasury in the
World and until the abolition of
Stamp Duty, its Notes carried a two
penny British government impressed
stamp.
It later changed its name to the
Black Sheep Company of Wales
being drovers banks, which later
became part of the foundation of
present day British Clearing Banks.
This particular note is modelled on
the notes of the Aberystwyth and
Tregaron Bank Ltd, that had a motif
of a sheep and a lamp and was
widely accepted and known as The
Black Sheep Bank.
MERIONITH
Comitatus olim
pars
ORDOVICUM
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Comments

The Black Sheep Company of Wales Limited was a private novelty issuer, not a licensed bank, and these notes carry no legal tender status whatsoever. They exist purely as tourist merchandise and regional curiosity items — the Welsh-language corporate name being the primary draw for collectors interested in the overlap between language revival politics and commercial ephemera.

Wales has never had an independent central bank or lawful note-issuing authority of its own, which is precisely what makes private fantasy issues like this one commercially viable as souvenirs.

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