Ireland – £1 (One Irish Pound) – 23 March 1988 | Pick# 70d
Issued during the final phase of Ireland’s Series B banknotes, the 1988 £1 note reflects the country’s cultural heritage and artistic evolution in currency design. This note, released by the Central Bank of Ireland on 23 March 1988, features Queen Medb (Maeve), a legendary figure from Irish mythology, symbolizing strength, sovereignty, and national identity. It remained in circulation until the euro replaced the Irish pound in 2002.
Issuer and Series Details
Issuing Authority: Central Bank of Ireland (Banc Ceannais na hÉireann)
Date of Issue: 23.03.1988
Denomination: £1 (One Irish Pound)
Currency: Irish Pound (IEP)
Series: Series B
Catalog References: Pick# 70d
Signatories: Maurice Doyle & T.K. Whitaker
Dimensions: 140 × 76 mm
Material: Paper
Printer: Central Bank of Ireland, Dublin
Withdrawal Date: 2002 (demonetized)
Obverse Design
The front of the note features a right-facing portrait of Queen Medb, drawn from the Táin Bó Cúailnge (Cattle Raid of Cooley), one of Ireland’s most celebrated mythological epics. Her depiction reflects themes of leadership and defiance. The background includes Celtic motifs and stylized script, reinforcing the note’s cultural depth. Text includes Banc Ceannais na hÉireann and Punt Éireannach (Irish Pound).
Reverse Design
The reverse showcases early Irish manuscript art, inspired by the Book of Durrow, one of the oldest illuminated manuscripts in Western Europe. The intricate patterns and calligraphy highlight Ireland’s medieval scholarly tradition and its contribution to European monastic culture.
Security Features
Watermark: Lady Hazel Lavery
Security Thread: Embedded metallic thread
Latent Image: Hidden numeral visible at an angle
Microprinting: Fine text embedded within design elements for anti-counterfeit protection
Cultural and Numismatic Significance
The 1988 £1 note is a key example of Ireland’s effort to integrate mythology, literature, and visual art into its currency. As part of Series B, it marked a shift from the Lady Lavery designs of Series A to more historically and culturally resonant themes. For collectors, this note offers:
A representation of Irish mythological heritage
A transitional artifact preceding the euro era
Distinctive design elements rooted in Celtic and medieval art
Historical relevance tied to Ireland’s national identity and currency evolution
This banknote remains a valued item in Irish numismatics, appreciated for its artistic merit and symbolic depth.
