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Jardines Galleries Library → Pre‑1921 Banknotes
The Era of Free Banking
1782‑1921

Government Paper

1782‑1841, rixdollars

Private Banks

~30 banks, 1837‑1920

ZAR Notes

1872‑1902

Siege Notes

1899‑1902

Pre‑1921 Banknotes

Before the South African Reserve Bank, numerous private banks and colonial governments issued their own notes. This page covers government paper, private bank notes, ZAR issues, and siege money.

Key Facts

  • First paper: 1782 VOC
  • ~30 private banks
  • Stellenbosch Bank fraud (1876)
  • Mafeking £1 – $1,000+

️ Government Paper (1782‑1841)

  • 1782 – First paper money issued by Dutch Governor Van Plettenberg.
  • 1793 – Lombaard Bank established (first State bank).
  • 1825‑1841 – "Red stamp" and "oblong stamp" rixdollar notes. The 40‑rixdollar note of 1831 is unique (South African Public Library).
  • J.B. Ebden specimens (late 1820s) – Cape of Good Hope Bank 5s, now in Smithsonian.

Private Banks (1837‑1920)

Approximately 30 private banks. Highlights:

  • Cape of Good Hope Bank (1837) – first private bank.
  • Stellenbosch Bank (1854) – collapsed after fraud and suicide (1876).
  • Stellenbosch District Bank (1882‑1990s) – survivor.
  • Wellington Bank – £5 note sold $7,200 (2023).
  • Swellendam Bank – £5 note sold $5,520 (2024).
  • Malmesbury Agricultural & Commercial Bank – only one PMG‑graded.

ZAR Government Notes (1872‑1902)

  • 1872 1 Pond – William Brown, rare ($700‑1,500).
  • 1900 issues (Pretoria) – 1, 5, 10, 50 Pounds.
  • 1901 1 Pound (Pietersburg).
  • 1902 "Te Velde" (in the field) – $200‑400.

⚔️ Siege Notes (1899‑1902)

  • Mafeking – 1s, 2s, 3s, 10s, £1. The £1 note (March 1900) is especially sought ($1,000‑2,000).
  • Kimberley – archival records survive; notes extremely rare.
  • Ladysmith – postal history, diaries; notes extremely rare.
  • Green Point Track – POW camp "Good Fors", sets of four £70‑100.
  • Diyatalawa (Ceylon) – Boer POW notes, one‑rupee note sold for R28,000 (2022).

Sources

  • Hern, Brian. South African Banknotes & Papermoney Pre‑Reserve Bank (2010).
  • Bergman, Walter. A History of Regular and Emergency Paper Money Issues of South Africa (1968).
  • Noble Numismatics auction archives.
  • Heritage Auctions.
  • Western Cape Numismatic Society research.

Revision History

22 Feb 2026Initial build