Stunning Australian Banknotes from Early 20th Century

06 Sep 2018  Thu

Heritage Auctions would be offering some of the finest Australian banknotes from Drs. Joanne and Edward Dauer’s collection at Long Beach Expo World Currency Auction from 6th to 10th September in Long Beach, California.

One of them is a Commonwealth of Australia £100 ND note issued in 1924. It will be offered at an estimated value of $60,000 to 80,000. The underprint of this high-denomination note shows multiple colours on the obverse as well as the reverse. The intaglio features are also very dark and clear. It belongs to the third variety as it has a bold Z prefix along with signatures of Cerutty and Collins. The £1,000 note is the only one to bear a higher denomination than this £100 note issued in those days. This example was a part of the Amon Carter Collection and is the highest-denomination note available to collectors.

Another one is a Commonwealth of Australia £50 ND note issued in 1918 which will be offered with an estimated value of $60,000 to $80,000. It is one of the two existing Renniks 67a 50 pound notes and is also the finest one. The note depicts beautiful landscapes of Bungaree in South Australia where a flock of sheep is grazing. Australia was facing a cash-crunch after World War II and these high denomination notes were issued to meet the increasing demand. They were discontinued as soon as the economy was back on track. It belongs to the second series as it features signatures of Cerutty and Collins. It also bears one of the small serial numbers between Y083846 and Y176000.

Image courtesy: Heritage Auctions

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