Isle of Man Paper Money

Isle of Man Paper Money cover
Isle of Man Paper Money
Pam West and Alan Kelly, 420 pages, soft cover, 147 x 210 mm, color illustrations, English, ISBN 9780954345747, €24 (plus shipping), Pam West, British Notes, PO Box 257, Sutton, Surrey SM3 9WW. Tel: 0208 641 3224, www.britishnotes.co.uk, pam@britishnotes.co.uk

Reviewed by Jonathan Callaway (full disclosure: a contributor to this catalog)

You do not have to be a collector of Isle of Man notes to recognise the contribution this book makes to our understanding of the notes issued on this small island in the Irish Sea, part of the British Isles geographically but not part of the United Kingdom politically.

Pam West and Alan Kelly have reviewed and catalogued every example of paper money ever issued on the Isle of Man. There have been earlier catalogues but none is as comprehensive in its coverage and this is the first one to provide a complete pricing guide.

The book opens with an extensive introduction chapter contributed by Jonathan Callaway covering not only the historical background but also a brief outline of the currency history of the Island. The first section of the catalogue proper covers the many early 19th century card money issues which were abolished in 1817. Many new discoveries have been listed and many new images of these rare pieces are included. The authors have trawled not only institutional collections on the Island and elsewhere but also gained access to the leading private collections.

The next section deals with the first banknotes proper on the Island, starting in 1788 and covering the early issues ahead of an Act of the Tynwald (i.e. the Isle of Man’s own parliament) in 1817 which set out the Isle of Man’s first regulations for banknote issuance. The ensuing chapter covers firstly the various private banks licensed to issue notes under the 1817 Act. Once again many previously unknown notes have been found and illustrated. The chapter then goes on to cover the Isle of Man’s first joint stock banks. These better capitalised banks did eventually drive the private banks out of business but not without a few casualties of their own. There are potted histories of each one including the ill-fated Bank of Mona which abruptly ceased trading when its Scottish parent collapsed catastrophically in 1878. Each bank’s note issues are carefully set out with every signature variety described and illustrated. Proofs and essays are also listed and where possible illustrated.

The complex history of Dumbell’s Bank comes next, again with illustrations of a number of very rare notes and a fully detailed listing of the bank’s issues. This bank failed in 1900 and creditors got just 12s 7½d (63p) in the pound although the note holders were paid out in full – hence fully issued notes are rare today.

The final note issuing bank to be established on the Isle of Man was the Isle of Man Joint Stock Banking Company Limited, in November 1865. The bank’s issues are covered with the same degree of detail as previous issuers but there is more – when Waterlow & Sons Ltd took over the printing contract in 1927 they used the positional plate letters seen on all the notes they produced. Here the book sets out the plate letter sequences in remarkably full detail. A total of 530,000 £1 notes were printed by Waterlows with one master plate for each side of the note, each with four impressions on it. Each impression was given its own plate letter and the book lists in full the complex pattern of plate letters, prefixes and dates. The original master plates were re-engraved in 1952 and each of the four impressions given a new plate letter. On top of this there were frequent signature changes and again these are set out in complete detail. For specialist collectors this is as good as it gets! Waterlow also printed 7,200 £5 notes for the bank between 1927 and 1960. Such a tiny print run required just one plate for each side but there are still five date and signature varieties to collect despite the fact that 2,600 of these notes were never issued.

In 1896 saw the first of the English banks arrive to offer the local banks serious competition. Four English banks eventually issued their own notes. These issues are popular with many collectors due to the fact that they are the only banknotes any of these banks ever issued; they were unable to issue notes in England itself due to a different legislative environment and the dominance of the Bank of England. Once again the book does not let collectors down and provides every level of detail on type, variety and signature changes through to 1961 when the Tynwald withdrew the right for commercial banks to issue their own notes.

The book next devotes a long chapter to the Internment Camp issues from both World Wars. As a small island located midway between Britain and Ireland, the Isle of Man was deemed to be an ideal location to intern ‘enemy aliens’ during both global conflicts. These were civilians originally from the countries the United Kingdom found itself at war with. Many of the camps issued their own ‘currency’ in the form of vouchers and canteen tickets. The many issues are covered here in unparalleled detail with many issues recorded and illustrated for the first time. A wealth of new information is offered and much fascinating background is provided on the camps themselves.

The final third of the book focuses on the issues of the Isle of Man Government – a much loved and widely collected series which has been running for over 50 years and still going strong. All these beautiful notes carry a portrait of H.M. Queen Elizabeth II and the many varieties and signature changes are naturally covered in the full detail we have come to expect. Nearly every known proof, specimen and colour trial is illustrated and once again a lot of new information has been unearthed for collectors to enjoy.

‘Isle of Man Paper Money’ covers well over 200 years of paper money history in its 412 pages. It achieves a level of detail few catalogues can aspire to and will stand for many years as the definitive guide to the Isle of Man’s paper currency issues. The book is beautifully produced and all illustrations are in full colour. This reviewer cannot recommend this book enough. It would grace the shelf of any paper money enthusiast and surely whet the appetite of anyone who has yet to start collecting these fascinating and lovely notes.

North Korea new 5,000-won commemorative notes confirmed

North_Korea_DPRK_5000_won_2013.00.00_B58a_PNL_0031333_f
5,000 won, 2013. Like DPRK B57, but with overprint commemorating the 100th birthday of Kim Il Sung.

North_Korea_DPRK_5000_won_2013.00.00_B59as_PNLs_0000000_f
5,000 won, 2013. Like DPRK B57, but with overprint commemorating the 70th anniversary of the Workers' Party.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of Teng Zhiming (http://stores.ebay.com/Tzm-Collections).

India new 1-rupee note dated 2015 confirmed

India_GOI_1_rupee_2015.00.00_PNL_00A_015821_L_f
India_GOI_1_rupee_1985.00.00_P78Ab_19M_277919_r
1 rupee, 2015. Like P78A, but new colors, new date, and new signature. Inset letter L.

Courtesy of Claudio Marana.

Central African States new signature 500-franc note confirmed

Central_African_States_BEAC_500_francs_2002.00.00_B6Cc_P606C_C_589447119_r
500 francs, 2002. Like BEAC B6Cb, but new signature 11.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of Evžen Škňouřil.

East Germany buried, then burned its old banknotes

GoingUp1
Check out this great article from The New Indian Press dated 23 May 2015, which explains how and why East Germany buried and then burned many tons of banknotes when reunifying with West Germany.

Papua New Guinea new 10- and 20-kina polymer commemorative notes reported issued 21.05.2015

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Papua_New_Guinea_BPNG_20_kina_2015.00.00_B53a_PNL_AA_15000001_f
According to a press release dated 21 May 2015, the Bank of Papua New Guinea will issue new 10- and 20-kina commemorative banknotes, both resized as part of the reform process undertaken by the bank to standardize the size of Papua New Guinea banknotes. The 10-kina banknote incorporates a special overprint of the XV Pacific Games logo in yellow, red, green, black and blue in color located above the Parliament House, whereas the 20-kina note incorporates a special overprint of the 40th Anniversary of Papua New Guinea Independence and the National Bird of Paradise image above the Parliament House. A 50-toea coin will also be issued 21 May 2015 to commemorate the Pacific Games.

Courtesy of Alex Zlotin and
Thomas Krause (www.polymernotes.de).

Lebanon new 50,000-livre polymer commemorative note reported for July 2015

Lebanon_BDL_50000_livres_2015.00.00_B40as_PNLs_D-00_1234567_fLebanon_BDL_50000_livres_2015.00.00_B40as_PNLs_D-00_1234567_r
Reportedly the Banque du Liban plans to introduce new 50,000-livre polymer notes at the end of July (August 1 is Army Day) to commemorate 70 years of the Lebanese army.

Courtesy of Claude Akl (www.dekeneh.com).

Botswana new date (2014) 50-pula note confirmed

50 pula, 2014. Like BOB B26, but new date.

Couresty of Craig Eustace.

Bank of England launches public nominations for new 20-pound note

According to a press release dated 19 May 2015, "the Governor of the Bank of England, Mark Carney, announced that the next £20 note will celebrate Britain’s achievements in the visual arts and he launched a public nomination period to seek people’s views as to who should be recognised on the next £20 note.

Members of the public will have two months to nominate people of historic significance from the visual arts including artists, sculptors, printmakers, designers, craftspeople, ceramicists, architects, fashion designers, photographers and filmmakers – whose work shaped British thought, innovation, leadership, values and society. The public can nominate characters from within the field of visual arts on the Bank’s website."

Courtesy of James Cadman.

Trinidad and Tobago new 10-dollar note confirmed

Trinidad_Tobago_CBTT_10_dollars_2006.00.00_B31a_PNL_DB_247651_f
10 dollars, 2006. Like CBTT B23, but new signature (Jwala Rambarran, who took over as governor from Ewart S. Williams on 13.07.2012) and raised horizontal bars at upper left and right front to assist the visually impaired distinguish between denominations.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of Hartmut Fraunhoffer (
www.banknoten.de).

United States 2-dollar note to star in documentary mid-2015


Check out this great web site dedicated to everyone who loves or is curious about the United States 2-dollar note.

Courtesy of Webb Linzmayer.

Hungary new sig/date (2015) 1,000-forint note confirmed

Hungary_MNB_1000_forint_2015.00.00_P197_DA_3160948_sig
1,000 forints, 2015. Like P197, but new date and signatures (György Matolcsy and Ádám Balog).

Courtesy of Róbert Szajkó.

Guinea new 20,000-franc note introduced 11.05.2015

Guinea_BCRG_20000_francs_2015.00.00_B37a_PNL_AA_521557_f
Guinea_BCRG_20000_francs_2015.00.00_B37a_PNL_AA_521557_r

According to a GCI article dated 29 April 2015, the Banque Centrale de la Republique de Guinée plans to introduce a new 20,000-franc banknote on 11 May 2015. The new denomination is twice as large as the current 10,000-franc note (BCRB B36) and is intended to ease large economic transactions. The note depicts two pigeons taking flight, symbolizing the modernity and the opening of Guinea to the world. The front also depicts a Guinean woman in honor of the role women play in the economy. The back depicts a hydroelectric dam in Kaleta, to mark the desire for energy self-sufficiency. The note is coated with a protective varnish to extend its lifespan, and contains markings to facilitate use by the sight impaired.

Courtesy of Cedrian Lopez-Bosch and Fernando Iglesias.

Canada new 20-dollar QEII polymer commemorative to be introduced in 2015

According to a press release, "On 9 September 2015, Her Majesty Queen Elizabeth II will become the longest-reigning sovereign in Canadian history, exceeding the reign of her great-great-grandmother, Queen Victoria.

To mark this historic reign, the Bank of Canada will issue a special commemorative bank note in 2015. The note will be a variation of the existing $20 polymer bank note (BOC B73) that already features a portrait of Queen Elizabeth II. The variation will incorporate a special mention of Her Majesty’s reign.

This commemorative note will be publicly unveiled and issued this fall. It will have the same level of security as all other notes in the Polymer series. More information will be available at that time."

Courtesy of Alex Zlotin.

Kuwait wins IACA Award for Best Banknote Issue 2015

IACA_Kuwait_award
According to an article on the Kuwait News Agency site dated 18 May 2015, the International Association of Currency Affairs (IACA) awarded the Central Bank of Kuwait the 2015 International Award for Best Banknote issue for its sixth series of notes (CBK B29-B34) issued 29 June 2014.

"This is considered a most prestigious award within the banknote industry and is based on votes cast by central banks and international companies specialised in the production of banknotes in a competition between currencies issued by eighteen countries around the world.
In making the award the sponsors indicated that the sixth banknote issue deserved to win due to the visual artistry and high levels of technical and security sophistication of the notes, coupled with the considerable emphasis placed on reflecting the country’s heritage as well as its modern style. The six denominations of the new currency banknotes all feature the landmarks of the State of Kuwait and its political and economic milestones. Notes have a vibrant design, each capturing a different aspect of Kuwait culture - such as sea and land life, democracy and Islamic history. Additionally, consideration has been given to the needs of the visually impaired through the use of raised print which help distinguish each banknote’s value.
On this occasion, His Excellency Dr. Mohammed Y. Al-Hashel, Governor of the Central Bank of Kuwait, expressed his pleasure and pride in achieving this very significant award, and further stated that the Sixth Issue had also been awarded Regional Banknote of the Year 2014 (Asia) at the High Security Printing Conference in Manila, the Philippines.
His Excellency, The Governor indicated that such awards represent recognition by specialised organisations of achievement in design, the incorporation of latest security features and relevance of symbolism with regard to the State of Kuwait, its accomplishments and economic milestones throughout history.
In acknowledging the international awards given to the Sixth Issue of KWD banknotes, His Excellency, The Governor dedicated such achievements to His Highness the Amir, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and His Highness the Crown Prince, Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, may Allah bestow them good health and wellbeing, in recognition of their enduring support to the Central Bank of Kuwait and their benevolent guidance of our beloved Kuwait and the welfare of its kind people."

Hong Kong chapter of The Banknote Book is now available

Hong Kong cover
The Hong Kong chapter of The Banknote Book is now available for individual sale at US$9.99, and as a free download to subscribers.

This 43-page catalog covers notes issued by the Asiatic Banking Corporation, Bank of China, The Chartered Bank, Government of Hong Kong, Mercantile Bank of India, Mercantile Bank Limited, and Standard Chartered Bank. Revised 15 May 2015.

Each chapter of The Banknote Book includes detailed descriptions and background information, full-color images, and accurate valuations. The Banknote Book also features:
  • Sharp color images of note’s front and back without overlap
  • Face value or date of demonetization if no longer legal tender
  • Specific identification of all vignette elements
  • Security features described in full
  • Printer imprint reproduced exactly as on note
  • Each date/signature variety assigned an individual letter
  • Variety checkboxes for tracking your collection and want list
  • Date reproduced exactly as on note
  • Precise date of introduction noted when known
  • Replacement note information
  • Signature tables, often with names and terms of service
  • Background information for historical and cultural context
  • Details magnified to distinguish between note varieties
  • Bibliographic sources listed for further research

Subscribe to The Banknote Book
If you collect the entire world or a large number of countries, buying a $99 annual subscription is the best deal because it's less expensive than buying chapters individually, and it entitles you to every chapter currently available as well as everything published—or revised (click here to see the Change Log)—during the next 12 months.

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United Arab Republic chapter of The Banknote Book is now available

United Arab Republic cover
The United Arab Republic chapter of The Banknote Book is now available as a free download to all.

This 2-page catalog covers notes of the Central Bank of the United Arab Republic dated 1958. Published 17 May 2015.

Each chapter of The Banknote Book includes detailed descriptions and background information, full-color images, and accurate valuations. The Banknote Book also features:
  • Sharp color images of note’s front and back without overlap
  • Face value or date of demonetization if no longer legal tender
  • Specific identification of all vignette elements
  • Security features described in full
  • Printer imprint reproduced exactly as on note
  • Each date/signature variety assigned an individual letter
  • Variety checkboxes for tracking your collection and want list
  • Date reproduced exactly as on note
  • Precise date of introduction noted when known
  • Replacement note information
  • Signature tables, often with names and terms of service
  • Background information for historical and cultural context
  • Details magnified to distinguish between note varieties
  • Bibliographic sources listed for further research

Subscribe to The Banknote Book
If you collect the entire world or a large number of countries, buying a $99 annual subscription is the best deal because it's less expensive than buying chapters individually, and it entitles you to every chapter currently available as well as everything published—or revised (click here to see the Change Log)—during the next 12 months.

Subscribe
Sign up for Email Notifications
If you would like to receive email notifications whenever a new chapter of The Banknote Book is published, please join the email list by clicking the button below.

Sign up

Bolivia new signature 10-boliviano note confirmed

Bolivia_BCB_10_bolivianos_1986.11.28_B113e_PNL_010343073_J_f
10 bolivianos, 28 DE NOVIEMBRE DE 1986. Like P233, but new signature, new printer imprint (OBERTHUR technologies), and suffix J.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of Daniel Gonzalez.

Philipinnes senator assails similar colors of 100- and 1,000-peso notes

Philippines_BSP_100_pesos_2014.00.00_P208_*_2399211_f
Philippines_BSP_100_pesos_2014.00.00_P208_*_2399211_r

Philippines_BSP_1000_pesos_2010.00.00_P211_A_003795_f
Philippines_BSP_1000_pesos_2010.00.00_P211_A_003795_r

According to an article on Rappler dated 14 May 2015, Senator Aquilino “Koko” Pimentel III has asked the Bangko Sentral ng Pilipinas (BSP) to explain why the 100- and 1,000-peso banknotes are almost identical to each other and state if there are plans to improve the situation. BSP Deputy Governor Diwa C. Guinigundo admitted the notes have similar colors, but said, “If we really use our eyes and read the inscription, and not just look at the color, it's easy to detect the difference between the P1,000 bill and the P100 bill."

Guinigundo said there are no plans to alter the design which were approved by the BSP Monetary Board and the president of the Philippines. However, Guinigundo said that BSP is trying to adjust the color of the bills “to make sure that blue is really blue and violet is more violet," hopefully improviing the contrast between the two.

Uganda new date (2013) 2,000-shilling note confirmed

2,000 shillings, 2013. Like BOU B55a, but new date. Prefix AY.

Courtesy of Clive Brind.