South Africa 1861 - Montagu Bank 5 Pounds Remainder (Pick S231r)
The bank operated from a building directly adjoining what would later become the Standard Bank premises. The property’s owner, Daniel van der Merwe, agreed to sell the building to the bank only on the condition that he be appointed bank manager, despite having no formal banking experience. Known locally as ‘Danie Bank,’ his appointment reflects the highly personal and community-driven nature of colonial banking during this period, where trust, reputation, and social standing often substituted for professional training. Read more →
South AfricaRemainder18615 Pounds SterlingUncirculated Remainder5 PoundsUnissued CurrencyMontagu BankPrivate BanknoteSteel Plate EngravingMid Nineteenth Century CurrencyCape Colony BankingCounterfeit ProtectorColonial Monetary HistorySouth Africa1861Pick S231rR7 Very RareMuseum Grade