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Interesting-Australian-Banknotes-to-be-Offered-by-Heritage-Auctions

Interesting Australian Banknotes to be Offered by Heritage Auctions

05 Sep 2018  Wed

Heritage Auctions is going to offer rare and interesting Australian banknotes at Long Beach Expo World Currency Auction from 6th to 10th September in Long Beach, California. Drs. Joanne and Edward Dauer’s collection of 158 notes is the finest graded collection of Australian Banknotes to be ever offered in an auction.

The First Commonwealth 10 Shillings Presentation Note with Letter will be offered with an estimated value of $70,000 to 90,000 USD. It has a low serial number (M000086) and was reserved for high-ranking officials. The original signed letter from the Secretary to the Treasury George T. Allen for G.H. Wise is also included in the sale. Experts believe that there are only two examples in this grade and the offered note is the finest of all. The other note with Serial Number 89 is also offered.

A Commonwealth of Australia £20 ND issued in 1918 will be offered with an estimated value of $70,000 to $90,000. This variety depicts timber cutting on Tasmania’s Bruny Island on the reverse. Out of the 421,500 notes that were printed, only 506 were left outstanding. Only 15 such notes are graded PMG Extremely Fine 40 EPQ.

A Commonwealth of Australia £1 ND note issued from 1914 to 1915 with an overprint on Australia A111a will be offered with an estimated value of $60,000 to 80,000. Only 40 such notes exist today, out of which, the offered note is considered to be the finest. The Commonwealth Bank took over the responsibility of issuing notes from Private Banks between 1910 and 1914. There was a shortage of banknotes at the onset of World War I due to which, English, Scottish and Australian Bank started issuing notes.

Several other interesting banknotes are a part of this sale.

Image Courtesy: Heritage Auctions