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Paper 1 Pound Banknote

1810

American Numismatic Society

American Numismatic Society
New York, United States

Paper 1 pound banknote of the Bank of England, 1810 (ANS 0000.999.25084). During the wars that followed the French Revolution of 1789, Great Britain successfully suspended convertibility of its banknotes into gold, thus demonstrating that a currency can function as a purely abstract system of value.

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American Numismatic Society

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