DOC wrote: ↑07 Jun 2021 20:58
Here is a National Bank 1929 £1 note with low serial number which recently came to light. It suggests that examples with low numbers were retained and given to high ranking bank officials at the time.
Interesting to see it. I would expect that banknote number 000001 was also retained.
A note like this, the first note or in this case the second note of a new design is highly significant in numismatic terms.
Generally, the signatory would have had the opportunity to retain the first note, or a low number of a new design print run (this is known to have been the case with the Bank of Ireland and the Currency Commission and Central Bank). £1 notes tended to be kept.
It is also known that higher denomination number 000001 notes were both kept (National Bank Ploughman £10), and put into circulation (Provincial Bank Ploughman £10).