What are the Irish 1929 series banknotes ? [solved]

I’ve done some research on the Ploughman series banknotes and it’s really confusing.

they talk about how the banknotes did not circulate but circulated between banks. On Wikipedia they also say it was issued to collectors ?

can some one explain more about Ploughman series banknotes ?

Have a look here;

http://irishpapermoney.com/ploughman-notes-consolidated-banknotes-introduction.html .

Aidan.

The website really helped, wiki does not always make it clear

Interesting site Aidan, thanks for sharing.

"they talk about how the banknotes did not circulate but circulated between banks"

-the same can be said for many early Dominion banknotes in higher denominations (such 1901 P-25A $1000 or P-25B $5000). In fact Dominion of Canada P-7/P-7A (1866) & P-14/P-15 were likely intended exclusively to be for bank/business transactions (& not general populace) since these were vast sums of money in back in those days. This DOC practice continues with 1911 (P28/P29); 1917/18 (P-32A $5000 ;P-32B $50,000) 1923/24 (P-34ABC $1000, $5000 & $50,000 notes) & 1924/25 (P-36/P-37 $500 & $1000). Most of these exist in specimen or institutions only.

Although the BOC issued all of its banknotes to public and private banks it is more likely that the $500 & $1000 (P-54 to P-57) were used mostly by banks or businesses for business transactions. It is one of the reasons it is so tough to find the $500 (& the $1000) have such high book values today.

Fun fact, only about 10% - 15% of todays worlds transactions actually use cash (banknotes). The majority of transactions are electronic.