Banknotes of the Bank of Nassau (Bahamas)

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Banknotes were prepared for, but not generally issued by the Bank of Nassau between the 1870s and 1906. The notes are actually quite rare remainder banknotes.

Banknote Form of physical currency made of paper, cotton or polymer

A banknote is a type of negotiable promissory note, made by a bank, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks.

A remainder banknote is a banknote that has been prepared for issue, but not issued for one reason or another, such as the failure of the banknote issuer, or the merging of one banknote issuer into another.

Contents

The currency expressed is the Bahamian pound.

First Issue (ND.) (c.1870s)

Shilling Unit of currency formerly used in the United Kingdom, Australia, and other British Commonwealth countries, as well as much of the British Empire

The shilling is a unit of currency formerly used in Austria, the United Kingdom, Australia, New Zealand, United States and other British Commonwealth countries. Currently the shilling is used as a currency in four east African countries: Kenya, Tanzania, Uganda and Somalia. It is also the proposed currency that the east African community plans to introduce . The word shilling comes from old English "Scilling", a monetary term meaning twentieth of a pound, and from the Proto-Germanic root skiljaną meaning 'to separate, split, divide.' The word "Scilling" is mentioned in the earliest recorded Germanic law codes, those of Æthelberht of Kent.

Specimen banknote

A specimen banknote is printed generally in very limited quantities for distribution to central banks to aid in the recognition of banknotes from a country other than their own. In some cases, specimen banknotes are printed in less limited quantities distributed to commercial banks, or even to commercial enterprises and the public at large in order to familiarize users about new designs. In addition, specimen banknotes are sold in some countries to collectors. They have also been distributed by banknote printers as examples of their craftsmanship. Occasionally, specimen banknotes are distributed as gifts to dignitaries or to employees of central banks, often in special presentation albums.

Second Issue (1897-1902)

Third Issue (1906-1916)

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References

Standard Catalog of World Paper Money, General Issues. 1368-1960 (11th Edition). Edited by George S. Cuhaj. Published by Krause Publications.

The Standard Catalog of World Paper Money is a well-known catalogue of banknotes that is published by Krause Publications in three volumes. These catalogues are commonly known in the numismatic trade as the Pick catalogues, as the numbering system was originally compiled by Albert Pick, but are also referred to as "Krause" or "SCWPM." Since the mid-1980s the titles have been owned by Krause Publications, and from 1994–2016 were under the editorship of George S. Cuhaj, and subsequently by Tracy L. Schmidt.

Krause Publications is a publisher of leisure-time and hobby magazines and books. The company was based in Iola, Wisconsin until April 2018, when they relocated to Stevens Point, Wisconsin.