Deanagh Mills, Killarney, Co. Kerry. ca1804

Banknotes issued by Irish Private Banks ca1700–ca1833
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Mac
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Deanagh Mills, Killarney, Co. Kerry. ca1804

Post by Mac »

Nothing much is known about this issuer. The banknotes are of good quality.

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Deanagh Mills 1 Guinea ca1804
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ThePloughman
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Re: Deanagh Mills, Killarney, Co. Kerry. ca1804

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Is this actually a bank, or just a business that issued tokens?
It does not seem to have any partners listed.
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DOC
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Re: Deanagh Mills, Killarney, Co. Kerry. ca1804

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Paper Money of Ireland classifies this notes as a Tradesman Issue. Given the shortage of coinage at the time, many businesses issued their own notes although their main trade was not banking. Interesting to see that the name of the individual who issued this note is in scrolling text on the left side, a Christopher Galwey. He appears to have been the owner of the Mill. The embossed stamp for 3 pence suggests that stamp duty was paid to the Government by this issuer.
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Re: Deanagh Mills, Killarney, Co. Kerry. ca1804

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So it's a bit like the coin tokens made by businesses. Like the Menlo token in Galway.
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Re: Deanagh Mills, Killarney, Co. Kerry. ca 1804

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The Deanagh Mills 1 Guinea note is an interesting example of money issued by an individual who would not be considered a private banker. This was particularly prevalent in the early 1800’s driven a shortage of coinage during the Napoleonic Wars. Paper Money of Ireland describes such issues as Tradesman & Sundry Issues.

Mac, Governor: Would you be open to the idea of setting up a section for Irish Paper Money issued by these non-bankers?
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Re: Deanagh Mills, Killarney, Co. Kerry. ca 1804

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DOC wrote: 04 Oct 2020 12:55Would you be open to the idea of setting up a section for Irish Paper Money issued by these non-bankers?
Already underway! I would also classify the Limerick Soviet notes, the Ballykinlar tokens, and the 1999 RoMa local currency tokens in this group.
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Re: Deanagh Mills, Killarney, Co. Kerry. ca1804

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Having had a look at these, I think that the the Deanagh Mills 1 Guinea, and those of the other merchants fall into their own category, that of a token issue for general circulation. They may also fall into the category of Small Notes.

The Limerick Soviet, Ballykinlar tokens and RoMa are a different type of issue, each with a different much more limited purpose in mind.
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Re: Deanagh Mills, Killarney, Co. Kerry. ca1804

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Great to hear that a new section is already in progress !
We can have a look at what turns up and try to make sense of it ;)
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