O’Brien Banknote Price Guide 2016: Ploughman £1 notes


O'Brien Banknote Price Guide - One Pound Ploughman notes

2016 Market Values

Last year (2015) saw a vibrant market for Ploughman £1 notes with many new collectors entering an already crowded field. The one pound Ploughman is the most affordable of the Consolidated Banks series and is, therefore the most popular starting point for this most elusive of modern Irish banknotes .

Increased demand resulted in very competitive bidding at auction and Irish banknote dealers are finding it difficult to maintain inventories. This year’s international coin fair at the RDS in Dublin (February 2016) should be interesting.

  • Although the numbers issued gives an indication of relative scarcity, it is the survival rates and the grades that drives market values, so collectors need to be mindful of these two key factors in determining value.
    • Uncirculated notes are particularly difficult to find
    • A substantial premium is usually paid for the ‘highest’ grades
  • In addition to the above, certain dates are also highly sought after by collectors
    • A substantial premium is also usually paid for the ‘scarce’ dates

Bank of Ireland

£1 Bank of Ireland "Ploughman" note, dated 10 June 1929

£1 Bank of Ireland “Ploughman” note, dated 10th June 1929

£1 Bank of Ireland Ploughman banknote market values 2016

Hibernian Bank

£1 Ploughman note - Hibernian Bank, dated 01 April 1939 - how much are Irish banknotes worth?

£1 Hibernian Bank “Ploughman” note, dated 1st April 1939

£1 Hibernian Bank Ploughman banknote market values 2016

Munster & Leinster Bank

£1 Munster & Leinster Bank "Ploughman" note, dated 04 May 1937 - how much are Irish banknotes worth?

£1 Munster & Leinster Bank “Ploughman” note, dated 4th May 1937

£1 Munster & Leinster Bank Ploughman banknote market values 2016

National Bank

£1 National Bank "Ploughman" note, dated 06 May 1929 - how much are old Irish banknotes worth?

£1 National Bank “Ploughman” note, dated 6th May 1929

£1 National Bank Ploughman banknote market values 2016

Northern Bank

£1 Northern Bank "Ploughman" note, dated 07 January 1931 - how much are old Irish banknotes worth?

£1 Northern Bank “Ploughman” note, dated 7th January 1931

£1 Northern Bank Ploughman banknote market values 2016

Provincial Bank of Ireland

£1 Provincial Bank of Ireland "Ploughman" note, dated 06 May 1929 - how much are old Irish banknotes worth?

£1 Provincial Bank of Ireland “Ploughman” note, dated 6th May 1929

£1 Provincial Bank of Ireland Ploughman banknote market values 2016 - how much are old Irish banknotes worth?

Royal Bank of Ireland

£1 Royal Bank of Ireland "Ploughman" note, dated 06 May 1929 - how much are old Irish banknotes worth?

£1 Royal Bank of Ireland “Ploughman” note, dated 6th May 1929

£1 Royal Bank of Ireland Ploughman banknote market values 2016

Ulster Bank

£1 Ulster Bank "Ploughman" note, dated 06 July 1938-07-06 - how much are old Irish banknotes worth?

£1 Ulster Bank “Ploughman” note, dated 6th July 1938

£1 Ulster Bank Ploughman banknote market values 2016

Collecting One Pound “Ploughman” Banknotes

Forming a collection of these banknotes is not an easy task and, for the advanced collector, is a lifetime’s work – since many of the scarcer dates are seldom offered for sale.

Basic Collection

  • One for each issuing bank (8 notes)

Intermediate Collection

  • One of each of the signatory variations for each issuing bank (17 notes)
    • Bank of Ireland (2 signature combinations)
    • Hibernian Bank (2 signature combinations)
    • Munster & Leinster Bank (2 signature combinations)
    • National Bank (1 signature combinations)
    • Northern Bank (2 signature combinations)
    • Provincial Bank of Ireland (3 signature combinations)
    • Royal Bank of Ireland (3 signature combinations)
    • Ulster Bank (2 signature combinations)

Advanced Collection

  • One of each of the date variations for each issuing bank (105 notes)
    • Bank of Ireland (18 different dates)
    • Hibernian Bank (18 different dates)
    • Munster & Leinster Bank (17 different dates)
    • National Bank (17 different dates)
    • Northern Bank (3 different dates)
    • Provincial Bank of Ireland (15 different dates)
    • Royal Bank of Ireland (19 different dates)
    • Ulster Bank (15 different dates)

 

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