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Bahamas - 1974 Allen 1 Dollar Notes

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New Member

United States
20 Posts
 Posted 04/04/2021  10:36 pm Show Profile   Bookmark this topic Add mforder to your friends list Get a Link to this Message Number of Subscribers
Hello everyone,

Can someone tell me about these notes. I have read about them and I am not 100% sure if the Allen notes are one of the more collectable notes. If they are more collectable then could you please tell me what makes them that way?

This batch I had picked up years ago on our honeymoon. We were amazed as to how beautiful they were and how new. We immediately put them aside and they remained that way ever since.

There are 6 notes with sequential serial numbers. They are crisp and they have never been folded and possibly even used. I think at the time we received them directly from the bank that was on the main square in Nassau.

Thank you in advance for any bit of help,

---Mark
Bahamas---1974-Allen-1-Dollar-Notes
Bahamas---1974-Allen-1-Dollar-Notes
Edited by mforder
04/04/2021 10:52 pm
Valued Member
ShareBear's Avatar
Canada
499 Posts
 Posted 04/05/2021  08:59 am  Show Profile   Bookmark this reply Add ShareBear to your friends list Get a Link to this Reply
Hi and welcome. Those are great notes that you have there. The photos show some yellowing on the back left side I am not sure if that is because of the way the photo was taken or on the actual note. If the yellowing is on the note is reduces the value from UNC.

I have listed the 2018 Krause catalog price in circulated condition (VF) and uncirculated (UNC) condition. The last year the prices for older banknotes has risen significantly. However the catalog is incorrect for many notes.

Your notes on ebay sells for 30 each. They were included in many stamp/banknote, money of the world mail order sets. Therefore many examples were saved.

P-35b
20 - VF
130 - UNC

P-35a (the other signature)
18 - VF
85 - UNC
Edited by ShareBear
04/05/2021 8:09 pm
Pillar of the Community
walk2dwater's Avatar
Canada
2576 Posts
 Posted 04/05/2021  09:36 am  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply
to CCF & great story! Thanks for sharing. Obviously those banknotes bring back some great memories of your trip to Nassau.

The Bahamas first printed this series as "The Bahamas Government" in 1965. Denominations started at $0.50 to to $100. The lower denominations were often kept as souvenirs so there were many kicking around whereas the higher denominations have been much tougher to find. My mother used to vacation in the Bahamas and she brought me back a $1 and 50 Cent note. This series was issued after they changed over from the British Pound system so they are Bahamas first dollars. You can find examples of these, including P-18 ($1), at the Banknote Museum http://www.banknote.ws/COLLECTION/c.../BAH0018.htm
and in 1968 another series entitled: "The Bahamas Monetary Authority," & the $1 (P-27) can be viewed here:
http://www.banknote.ws/COLLECTION/c.../BAH0027.htm
The banknotes you posted (P-35) belong to the 3rd and final "The Central Bank of Bahamas" 1974 series:
http://www.banknote.ws/COLLECTION/c.../BAH0035.htm
Since your banknotes have the Allen signature they come from a smaller run and may command slightly more than the earlier, original "Donaldson" signature. However, I cannot tell you whether they would be worth more as a consecutive run (or not). As a collector of world currency, consecutive serial numbers are completely irrelevant in my books ( that was how they were issued but there might be some who like them).

The Standard Catalogue of World Paper Money (SCWPM) use a Pick system to code various banknotes thus the P# so now you'll know the P# of your notes. They are popular amongst world currency collectors but as I mentioned, there are a lot of these and usually the last series are the most hoarded. Higher denominations are very tough to find & command high premiums.

It would be wise to put & keep them in currency sleeves. Leaving them in an envelope may damage them (light, bleach from the paper, moisture). Nice set!
New Member
United States
20 Posts
 Posted 04/05/2021  2:14 pm  Show Profile   Bookmark this reply Add mforder to your friends list Get a Link to this Reply
Hello Walk2dwater & ShareBear...

Thank you for the great information an explanation!

My apologies regarding the photos. The images do show a yellow white edge. It's because the color of my desk and the lighting that did that. photos were taken at night.

Here are two new images taken on a flat black binder. As you can see there is no yellowing on the edges. Hopefully these images give you a better idea of what they would grade as.

I also want to let you know that they are in a protective sleeve for notes but they are all together in one sleeve, should I separate them?.


Thanks,

---Mark
Bahamas---1974-Allen-1-Dollar-Notes
Bahamas---1974-Allen-1-Dollar-Notes
Pillar of the Community
walk2dwater's Avatar
Canada
2576 Posts
 Posted 04/05/2021  3:30 pm  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply

Quote:
I also want to let you know that they are in a protective sleeve for notes but they are all together in one sleeve, should I separate them?.

It's up to you: if you want to look them over or have them so they're easy to look at- then a sleeve for each note would be best. Having said that, I don't think any damage will be done to them in the 1 sleeve provided you've stored them in a dry place (& you don't handle them much). They appear to be Choice Uncirculated to me but that's just from eye-balling the photos (& really one must inspect them in person). Great set!
New Member
United States
20 Posts
 Posted 04/05/2021  8:21 pm  Show Profile   Bookmark this reply Add mforder to your friends list Get a Link to this Reply
Ty.. These are really the only few notes that I have that I may have graded. I will probably add in the U.S. $50 offset Error not I have too since I now know what it really is.

Thank again!

---Mark
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