Irish Banknote Guide: 1829 Hibernian Bank – Three Pounds Token, Type 2 (Promise to Pay within six months)


Early Irish Banknotes - page header

Date: 1829

1829 Hibernian Bank Three Pounds, Post Bill. The Old Currency Exchange, Dublin, Ireland.

1829 Hibernian Bank Three Pounds, Post Bill

Description:

1827 Hibernian Bank Three Pounds Token, Type 2 (Promise to Pay within six months).

  • Manually dated ‘ 1829’ and numbered ‘x’.
  • Cancelled with ink ‘x’ over clerk and cashier’s signatures
  • 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 ‘THREE POUNDS’ at the centre, and bottom left
  • The words ‘Promise to pay the bearer | after six months | THREE POUNDS British, below
  • The word ‘THREE’ also appears on top left and top right
    • Note: there is no reference to token, i.e. this is a promissory note.
  • Below the upper border, the name ‘HIBERNIAN JOINT STOCK COMPANY’ is used.
  • The bank’s location ‘DUBLIN’ appears below.
    • Engraved and printed by Perkins & Heath, London

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 These Hibernian-issued tokens, although legal, were withdrawn following opposition by Bank of Ireland.

Country:

  • Ireland

Category:

  • Early Irish Banknotes
    • Joint-Stock Banks
    • Hibernian Bank
      •  Three Pounds
        • Token
        • Type 2 (Post Bill)

 


Further Reading:

Books & Catalogues (Irish Banknotes & Paper Money)

 

 

 

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