australian banknotes - Coin Auctions

Lot 6559 - australian banknotes pre-federation notes - Status International Coins & Banknotes Public Auction 346

1893 Government of New South Wales TREASURY NOTE 'One Pound Sterling', serial no 18063, uniface 206x112mm, with ���Sydney, Charles Potter, Government Printer��� imprint, signed by 'CGL Boyce' (Principal Book-keeper) in blue for Accountant & 'JS Walford' (Registrar of Records) in green for Colonial Treasurer, the special ink colors being an added security measure. Very fine condition, pinholes in UL corner, internal split in lower middle, 'M Howard, Colonial Bank' m/script on reverse, with fresh original paper quality, and bright original colors of the 2 signatures. (Historical note: The 1893 banking crisis resulted in most private banks closing their doors and their banknotes becoming totally worthless. This resulted in public loss of confidence in banknotes of even the surviving banks, and serious difficulties for commerce. Therefore, the New South Wales government issued Treasury Notes on an emergency basis in 1893-94. These were issued on the basis of deposits held, and were fully backed by the government. While denominations up to £50 were originally planned, only the £1 value was issued and then taken out of use in 1894 as the banking situation was stabilised.). Great rarity with only around 7 recorded in total, including several single digit serial nos, and several high serial no, of various signatures, this being the only example of this particular signature combination. Mc PFB40H1. Pick S1001 listed but unpriced. While there were a lot of different private bank issued banknotes in the pre-Federation period, this is the first & only government issued banknote used in the colony of New South Wales. This and the Qld Govt treasury notes are the only Australian pre-Federation banknotes that are listed in the Standard Catalog of World Paper Money. A note of great historical & numismatic importance. 2018 Ceremuga certificate of authenticity. (P)

Status International Coins & Banknotes Public Auction 346