Noonans
Auction 132 15-18 September 2015
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ISLE of MAN COINS, Tokens (Early 19th century), Castletown, Isle of Man Bank (George Quayle, Edward Cotteen and Patrick Lightfoot), Penny, 1811, legend, rev. triskeles, edge grained, 12.70g/12h (W 2070; Prid. 53; KM. Tn 10). Characteristic flan crack, extremely fine with original colour £120-150
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The Isle of Man Bank was founded on 25 March 1802 as a partnership between Major John Taubman (1746-1822) and Capt. George Quayle (1751-1835), two men with local military connections who both saw lengthy service in the House of Keys. Within weeks two further partners had joined the business, James Kelly and Mark Hyldesley Quayle (1770-1804), which was based at George Quayle's residence, Bridge House, Castletown. By September 1805 the business was back in the hands of the two founding partners but in May 1807 Quayle terminated his partnership with Taubman and continued in business alone. On 7 September 1810 Quayle formed a new partnership with Edward Cotteen, a shopkeeper, and Patrick Townshend Lightfoot (1774-1848), a Manxman known to be associated with the Bank of England in 1798 and who later became a stockbroker, but was declared bankrupt in February 1829. Cotteen ceased to be connected with the business on 16 December 1816, by which time the bank was overtrading; by April 1817 trustees had been appointed to wind up the business, with the creditors being paid out in full
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The Isle of Man Bank was founded on 25 March 1802 as a partnership between Major John Taubman (1746-1822) and Capt. George Quayle (1751-1835), two men with local military connections who both saw lengthy service in the House of Keys. Within weeks two further partners had joined the business, James Kelly and Mark Hyldesley Quayle (1770-1804), which was based at George Quayle's residence, Bridge House, Castletown. By September 1805 the business was back in the hands of the two founding partners but in May 1807 Quayle terminated his partnership with Taubman and continued in business alone. On 7 September 1810 Quayle formed a new partnership with Edward Cotteen, a shopkeeper, and Patrick Townshend Lightfoot (1774-1848), a Manxman known to be associated with the Bank of England in 1798 and who later became a stockbroker, but was declared bankrupt in February 1829. Cotteen ceased to be connected with the business on 16 December 1816, by which time the bank was overtrading; by April 1817 trustees had been appointed to wind up the business, with the creditors being paid out in full