This is a Forum / Blog about Irish Banknotes and paper money.
The forum aims to be a source of information for collectors of Irish notes, as well as presenting interesting and new information. • Join now and contribute.

Alert! New high quality forgeries have been seen of the 1943 Irish Half Crown View Thread

• Registered users can post in all Forums • Click for Forum Feed

The Silver Bank 1804, John Rose

Banknotes issued by Irish Private Banks ca1700–ca1833
Posts: 126

The Silver Bank 1804, John Rose

Post#1 » Sat Feb 10, 2018 6:26 pm

The Silver Bank 1804, Alderman John Rose.

This note is interesting in that there is only one owner named on it. Were there many Private Banks with just one partner, or am I missing something?
The design of the note is similar to notes of a bank of the same name but with different partners named on its notes.
I have to see if I can find a pic of one of the other notes.

Three Shillings Nine and a Half Pence note. Zany denomination too.

silver-bank-3-shillings-9-pence-1804.jpg (20.33 KiB) Viewed 187 times

Posts: 70

Re: The Silver Bank 1804, John Rose

Post#2 » Tue Feb 13, 2018 9:06 pm

I have seen other examples where just one partner is listed. The legal maximum was 6 partners but I am not aware of a restriction requiring more than one partner. The odd denomination relates to the fact that it is equivalent to 1/6th of a Guinea. This denomination was issued to compensate for the lack of silver coinage and such notes were known as Silver Notes.

There was also a Silver Bank based in Malahide with partners, Talbot and Glascock. I attach an example of their silver note.

The-Silver-Bank-14th-June-1804.jpg (37.92 KiB) Viewed 176 times

Posts: 9

Re: The Silver Bank 1804, John Rose

Post#3 » Tue Feb 20, 2018 10:49 am

3 Shillings 9 1/2 Pence is 1/6th of a Guinea in the Pre 1816 Irish Pound which was tarrifed at 13 pence Irish to 12 pence Sterling

Posts: 70

Re: The Silver Bank 1804, John Rose

Post#4 » Tue Feb 20, 2018 7:19 pm

Yes, that 13 pence Irish to 12 pence Sterling exchange rate is key to understanding how 3 Shillings 9 1/2 Pence Irish equals 1/6 Guinea.

1 Guinea is 21 shillings so 21 x 12 = 252 pence Sterling.
1/6 Guinea = 252/6 = 42 pence Sterling.
42 x 13/12 = 45.5 pence Irish.

3 shillings 9 1/2 pence = 3 x 12 + 9 + 0.5 = 45.5 pence Irish.

I think I understand it now ;)

Return to “Private Banks”

Who is online

Users browsing this forum: No registered users and 2 guests