Irish Banknote Guide: c. 1826 Hibernian Bank – One Pound Token, Proof, Type 1


Early Irish Banknotes - page header

Date: c. 1826

1826 Hibernian Bank One Pound Token, proof, undated. The OLd Currency Exchange, Dublin, Ireland.

1826 Hibernian Bank One Pound Token, proof, undated

Description:

1827 Hibernian Bank One Pound (Proof) Token, Type 1 (no ‘promissory’ text).

  • No date
  • No serial number
  • A rare early paper note

Obverse:

  • Design comprises two vignettes, one to the left of Hibernia seated with a harp and the other (on the right) of the Three Graces.
  • Denomination in words ‘ONE POUND’ at the centre, with the word ‘TOKEN’ above. In the upper border, the name ‘HIBERNIAN BANK’  is used, while in the centre of the note, the name ‘HIBERNIAN JOINT STOCK COMPANY’ is used. The bank’s location ‘DUBLIN’ appears below.
    • Engraved and printed by Perkins & Heath, London
    • Size: 175mm x 100mm

Reverse:

  • Blank (Uniface)

Notes:

  • Despite being a new bank with substantial backing, the Chancellor of the Exchequer refused to grant the Hibernian Bank permission to issue its own banknotes.
    • Registered as The Hibernian Joint Stock and Annuity Company, it opened in June 1825, with a massive 1,063 shareholders, many of them London based
    • It was founded by a group of Dublin businessmen in response to anti-Catholic discrimination by Bank of Ireland. Daniel O’Connell was a vociferous supporter in the House of Commons
    • It later changed its name to The Hibernian Bank.
  • This would have impeded their progress considerably, so they improvised and issued tokens instead. These Hibernian-issued tokens, although legal, were withdrawn following their opposition by Bank of Ireland.

Country:

  • Ireland

Category:

  • Early Irish Banknotes
    • Joint-Stock Banks
    • Hibernian Bank
      •  One Pound
        • Token
        • Type 1
        • Proof

 


Further Reading:

Books & Catalogues (Irish Banknotes & Paper Money)

 

 

 

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