January 18, 2013 3 Comments
Buxton Museum and Art Gallery is now the proud owner of 6 Derbyshire banknotes dating from between 1813 – 1893. These compliment the bank note, copper printing plate and strike that Enlightenment! bought in 2010. We bought 2 lots with financial assistance from the V&A Purchase Grant Fund and 1 lot with assistance from the Friends of Buxton Museum and Art Gallery. We really appreciate this support! Thank you.
During the enlightenment period Derbyshire, like many other areas of England had an array of privately owned banks. Many of these banks issued their own bank notes, which were basically receipts for money deposited in the bank. The bank would then exchange the notes for real money when the depositor came to the bank.
Over time the notes changed in their design and use, and instead of being issued to a specific named person they became anonymous and could be passed between people. Voila, this was the beginning of the notes becoming real money in their own right and not just an IOU for real money. (Yes, I realise that this is a very simplified, but it is Friday afternoon…. Anja Rohde is writing an article all about the banking industry in Derbyshire for the Enlightenment! catalogue which will give a more in-depth view).
We bought the notes at the David Kirsch sale at Spinks in December, Kirsch’s private collection was described by Barnaby Faull from Spinks as “the best collection of English provincial banknotes by miles”. We had a 50% success rate, as we bids on 12 lots in total, below are the 6 we got.
We also bought two Derby and Derbyshire watermarked unprinted £50 notes, but the photo I have just looks like a white blur. I will try and get a better image and upload it.