Private Bank Issues
Lot 2791 Session 10 (7.30pm Thursday) Private Bank Issues
Estimate $12,500
Bid at live.noble.com.au
SOLD $14,000
BANK OF SOUTH AUSTRALIA, one pound, Adelaide, 1st April, 1887, No.D056889 type with 'Limited' printed under bank title, (MVR type 3[c], cf.Fig.108). Issued note 'Cancelled' stamped three times both sides, otherwise fine and extremely rare.
Original purpose of this was to pay and service employees of the South Australain Company and provide facilities for migrants for funds transfer from London. The bank changed name from a company to become officially in 1867 the 'Bank of South Australia'. By 1887 the bank had 30 offices and was well known that it was heavily encumbered by frozen loans. In 1892 the Union Bank of Australia took over the business of the Bank of South Australia, but it was formally disolved on December 31 1899.
Estimate / sale price does not include buyer's premium (currently 22% including GST) which is added to hammer price. All bids are executed on the understanding that the Terms & Conditions of sale have been read and accepted. For information on grading and estimates please refer to the Buying at Auction advice.
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Adjacent lots
Lot 2789
BANK OF NEW SOUTH WALES, Sydney, New South Wales, ten pounds, dated 1 Oct. 1904, ...
Estimate $8,000
Lot 2790
THE BANK OF NORTH QUEENSLAND LIMITED, one pound, Brisbane, (January 1st) 19(00), BB017863, signedf as ...
Estimate $500
Lot 2791 This lot
BANK OF SOUTH AUSTRALIA, one pound, Adelaide, 1st April, 1887, No.D056889 type with 'Limited' ...
Estimate $12,500
Lot 2792
THE COMMERCIAL BANK OF AUSTRALIA LIMITED, Melbourne, Specimen one pound uniface, not dated, (but date ...
Estimate $12,000
Lot 2793
THE COMMERCIAL BANKING COMPANY OF SYDNEY LIMITED, one pound, Sydney, 2 Aug 1904, No. G ...
Estimate $9,000