Date: 1928 Description: A Currency Commission of the Irish Free State, Ten Shillings, Type 1a (Fractional Prefix). Signed by Joseph Brennan / James J. McElligott. Designer: John Harrison, Chief Portrait Engraver of Waterlow and Sons Ltd, London Engraved and printed by Waterlow & Sons, on Portal’s paper, in London Size: 78mm x 138mm Known Dates:…
Withdrawal from Circulation: According to Central Bank of Ireland records, all £20, £50 and £100 ‘ploughman’ notes were successfully withdrawn from circulation, i.e. there are no ‘circulating’ examples left for collectors to collect. That said, the remaining £1, £5 and £10 ‘ploughman’ notes aren’t exactly common nowadays either – as per table below: Estimated Number…
Background: After the formation of the Irish Free State in 1922, UK currency remained the formal currency of the Irish Free State until 1928. After this date, UK coins continued to circulate alongside the Irish coins right up until Decimalisation (1971) and well into the 1970s. Irish Free State farthings were minted in London by…
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…
Introduction The Provincial Bank of Ireland was established in 1825, pioneered branch banking in Ireland. The terms, rights and privileges of the Bank of Ireland allowed it to effectively strangle the development of banking in Ireland until the Irish Banking Crisis that followed the post-Napoleonic War Depression. The Bank of Ireland effectively held a monopoly…
Introduction A currency board is an institutional arrangement for managing a currency with a fixed parity. The currency board is much more constrained than a central bank, insofar as these constraints help ensure that the fixed parity is maintained. The board’s main activity is to issue a local (slave) currency at a fixed rate of…
The Old Currency Exchange is a specialist dealer and valuer of Irish & GB coins, tokens and banknotes 