1834-36: Major Banking Expansion In Ireland The short-lived Agricultural & Commercial Bank of Ireland was founded in 1834, suspended payments in 1836 and struggled on until 1840. It was the first Joint-Stock Bank in Ireland to fail but it was not its failure (in itself) that made headlines but the manner of its failure. When…
ffrench’s Bank was probably, the most famous of the provincial private banks in Ireland and due to the frequency that they turn up at auction, they are amongst the most collectible of early Irish banknotes. The bank was founded in late 1803 by Sir Thomas ffrench and William Keary. The correct form for the surname is “double f” in lower case, i.e. ffrench. Sir…
The 1961 ‘mule’ halfcrown was struck in error (or, possibly deliberately) from a reverse die from the 1928-37 type. In 1938 the halfcrown reverse – the side with the horse on it – had been redesigned to improve the striking characteristics of the coin. A single example of the 1938 trial of the new die…
The first locally produced Irish coinage was the so-called Hiberno-Norse coinage which was first minted in Dublin in about 995-7 AD under the authority of Sihtric III (aka Sihtric Silkenbeard), the Norse King of Dublin. There is no evidence for the native Irish producing coins before this, so it is likely that their economy was not coin-based. The…
The sixpence (6d) (Irish: reul) coin was a sub-division of the pre-decimal Irish pound, worth 1/40 of a pound or ½ of a shilling. It ‘nickname’ was a ‘tanner’ and it is thought that this is from John Sigismund Tanner, originally from Saxe-Coburg, who was a medallist and designer at the Royal Mint. The sixpence he designed for George II…
The threepence (3d) (Irish: leath reul) coin was an Irish pre-decimal coin and a great favourite of golfers who often used it as a green marker. There were 4 threepences to a shilling and 80 to an old pound. The Irish name (leath reul) literally meant “half a sixpence” and, unlike many other Irish coins of the time, it…
The penny (1d) (Irish: pingin) coin was the third smallest denomination of the pre-decimal Irish pound. There were 12 to a shilling, 24 to a florin and 240 to a pound. To express an amount, penny was abbreviated to “d”, e.g. shortened from dwt, or pennyweight. The penny is one of the longest circulating coin denominations in Europe –…
The halfpenny (½d) (Irish: leath phingin) was the second-lowest value coin of the pre-decimal Irish pound. There were 2 to a penny, 24 to a shilling, 48 to a florin and 480 to a pound. First issued in 1928 it ceased to be legal tender on 1 August 1969, although they were readily accepted by shopkeepers until decimal…
Ireland is one of only four nations to issue farthing coins in the 20th century. The other three countries to circulate farthings were the UK (1900-1956), South Africa (1923-60), and Jamaica (1900-63). British farthings ceased to be legal currency in 1960 The farthings of South Africa, Jamaica and Ireland ceased to be legal currency in 1961, 1969…
In 1922 Ireland won its independence from Britain after a two-year War of Independence and protracted negotiations in London. The team, authorized to negotiate on behalf of Dáil Eireann, signed a treaty and, after ratification by ‘simple majority’ in the Dáil and by a referendum vote by the Irish people, the Irish Free State was…
The Old Currency Exchange is a specialist dealer and valuer of Irish & GB coins, tokens and banknotes 