Pike's Bank Cork 1800-1826

Banknotes issued by Irish Private Banks ca1700–ca1833
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ThePloughman
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Pike's Bank Cork 1800-1826

Post by ThePloughman » 10 Feb 2018 18:08

Joseph Pike & Company
One Pound, 5 Shillings.

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Governor
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Re: Pike's Bank Cork 1800-1826

Post by Governor » 18 Dec 2018 14:49

Do you know if any of these notes still exist? If so how might I go about getting one?

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ThePloughman
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Re: Pike's Bank Cork 1800-1826

Post by ThePloughman » 20 Dec 2018 01:38

This is the only one I have seen.
I guess they turn up in auction sometimes.

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Re: Pike's Bank Cork 1800-1826

Post by Governor » 20 Dec 2018 07:41

Ok thanks I’ll keep an eye out

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DOC
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Re: Pike's Bank Cork 1800-1826

Post by DOC » 22 Dec 2018 11:43

Notes of this bank are scarce and seldom turn up. I like the design and the artistic signature. It is interesting to see that the note is part issued with the signatures added but no date or number. It seems that private banks had differeing procedures for the issuing of their notes.

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Re: Pike's Bank Cork 1800-1826

Post by Governor » 22 Dec 2018 11:51

My research tells me that they had issued 46000 notes by the time they closed the bank. They only had one branch in Cork, so the notes probably didn’t travel widely

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Re: Pike's Bank Cork 1800-1826

Post by DOC » 23 Dec 2018 22:58

Given its longevity, this would indicate that the bank was not a prolific issuer. Barrow’s book, 'The Emergence of the Irish Banking System', provides interesting information about the history of the bank. Joseph Pike was the sole partner from 1801. The bank closed in 1826 upon his death. All liabilities were paid in full from the bank’s gold stocks. This may explain why its notes are difficult to obtain. Paper Money of Ireland mentions a number of denominations so some may eventually turn up for sale.

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