1 pound 1945

Common. Although this is the first issue of Guernsey currency and carries historical significance, eBay market data shows consistent listings in the $4.99–$8.98 range for uncirculated examples, with catalogue values from 2019 suggesting this is a widely available note. The print run for this initial 1945 issue was substantial, and examples remain readily available to collectors. The Fine condition example offered here would typically trade in the $15–$40 range based on comparable market activity.

Issued on 1st August 1945, this note marks the States of Guernsey's assertion of monetary autonomy immediately following World War II and the liberation of the Channel Islands from German occupation. The harbor scene depicting St. Peter Port and Castle Cornet reflects Guernsey's maritime heritage and strategic importance, while the heraldic arms on the reverse underscore the Bailiwick's sovereign authority. This first issue of Guernsey currency represents a significant moment in the island's post-war reconstruction and re-establishment of self-governance.

The obverse features a finely engraved maritime scene as its central vignette, depicting the harbor entrance at St. Peter Port with period sailing vessels and the fortified structures of Castle Cornet visible along the coastline. The denomination is presented within an ornamental green quatrefoil (four-lobed) cartouche at center. The design is framed by an intricate decorative border featuring floral and geometric ornamental patterns in purple and blue tones, with elaborately designed corner pieces. The reverse displays the heraldic arms of the Bailiwick of Guernsey—featuring three lions passant guardant (three crowned lions stacked vertically in heraldic arrangement)—within a circular seal surmounted by a crown. This seal is surrounded by symmetrical scalloped and shell-like decorative flourishes on both sides, creating a balanced, formal composition. The entire design is rendered in green on a cream background.

Front: 'ONE' (denomination), 'THE STATES OF GUERNSEY' (issuing authority), 'GUERNSEY' (issuing jurisdiction), '1ST AUGUST 1945' (issue date), 'PROMISE TO PAY ON DEMAND' (legal tender clause), 'THE BEARER' (payee designation), 'VALUE RECEIVED' (consideration clause), 'BY AUTHORITY OF THE STATES' (authorization statement), '£1' (denomination in symbols), 'TREASURER' (authorized officer title), serial numbers '1c3519' and 'c3519' (note identification). Back: 'BAILIWICK GUERNSEY STATES BAILIWICK' (issuing authority and jurisdiction name, encircling the heraldic seal).

Intaglio (steel plate engraving) printing by Perkins Bacon, London. The fine geometric cross-hatch patterns, intricate line-work in the decorative borders, detailed engraved vignette of the harbor scene, and the precision of the heraldic design are all characteristic of high-security intaglio production. The depth and clarity of the engraved elements visible in the images reflect the superior quality of Perkins Bacon's work as a premier security printer.

This note is catalogued as Pick P-43a, part of a three-variant series (P-43a, P-43b, P-43c) all produced by Perkins Bacon (PBC). Variants within this Pick number are typically distinguished by minor differences in printing characteristics, serial number prefixes, or subtle design variations rather than major redesigns. The observed serial number format '1c3519' is consistent with early printings. Without access to detailed PMG population reports distinguishing the specific characteristics separating P-43a from P-43b and P-43c, this note should be authenticated and attributed to its specific variety designation by professional grading services.