Three Hundred Years of Promising to Pay the Bearer…￼
The Bank of England was founded in 1694. Over the following century more than 100 provincial banks were established, creating a treasure trove of collectables for the modern notaphilist.
The Newcastle Bank, the Whitehaven Joint Stock Bank, the Manchester and Liverpool District Bank and the Leeds Old Bank are just a few of these. The flowing lines, subtle shading and fine script is a testament to the considerable financial power they once bore. Their relatively high denominations at the time meant that many people in the eighteenth – and even early nineteenth – century might never see a banknote their whole lives.
Prices inevitably reflect rarity and condition. As an example, a £5 note featuring York Minster and issued by Leyburn Bank for the York City & County Banking Company Limited in April 1899 came to auction in 2021. The note was one of the last examples issued by an English provincial bank and sold for £1,984.