Lavery 1000000 note replacements in 1970s

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Mac
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Lavery 1000000 note replacements in 1970s

Post by Mac » 01 Jun 2019 17:19

Here is an interesting trio of Irish £1 notes which were saved as a group together.
The three notes turned up in auction in 2016.

Number 71L 999999 and 00A 432759 would have been in one block, with number 72L 000001 being in the following block of notes.

00A 432759 replaced 71L 1000000 in the block, which would have had to have its serial number hand set, as on older Irish banknote issues.

The existence of this pair of notes demonstrates that the Central Bank of Ireland was using replacement notes in place of hand-numbered 1000000 notes in the printing of its 1976-dated £1 notes.

It may be that all of the notes printed after the introduction of a marked ‘star’ replacement note system had a replacement note added in place of the 1000000 Terminator note.

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72L 000001 has subsequently been seen on offer for sale separately.
Hopefully, the other pair of notes will have been be kept together.

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Re: Lavery 1000000 note replacements in 1970s

Post by DOC » 02 Jun 2019 13:16

That is an interesting and important trio. It was probably easier for the bank to use replacement notes to fill the 1 million gap. It means that the million serial number is even more elusive for the Lavery notes. There is an example of a £10 Lavery with a million serial number in another posting. In this case, could it be that replacement notes were not readily to hand?

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Re: Lavery 1000000 note replacements in 1970s

Post by Mac » 03 Jun 2019 20:39

I think that the notes printed by the Central Bank in Sandyford with new equipment, those with sans-serif dates and serial numbers used replacement notes in place of the 1 million notes.
The recorded 1 million £10 note, 48D 1000000, dated 2.12.76, has the old style serif serial numbers.

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Re: Lavery 1000000 note replacements in 1970s

Post by DOC » 05 Jun 2019 20:08

That makes perfect sense. It seems that The Central Bank had a preference for using replacement notes instead of those with hand-numbered million serial numbers. This is in line with the observation of no 1 million serial numbers for the B Series and C Series notes printed by The Central Bank.

Considering the Lavery notes printed by De La Rue, there could be other examples with the 1 million serial. Are any other examples known besides the £10 note shown?

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Re: Lavery 1000000 note replacements in 1970s

Post by Mac » 06 Jun 2019 09:20

This is the only Lavery 1000000 note I have seen.
There are likely to be a few more, given that they were known about in the 1970s, and that the hobby of banknote collecting had arrived.

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