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

Hibernian Bank

Munster & Leinster Bank

National Bank

Northern Bank

Provincial Bank of Ireland

Royal Bank of Ireland

Ulster Bank

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)