Aust. Banknotes - Private Bank Issues

Lot 3042    Session 10 (7.30pm Wednesday)    Aust. Banknotes - Private Bank Issues

Estimate $16,000
Bid at live.noble.com.au
SOLD $14,500

UNION BANK OF AUSTRALIA, one pound, issued at Melbourne but overstamped GEELONG three times, 1 Oct, 1845, (18 printed), No. 30341, handsigned by Directors, and entered by Horatio Hinley (the Chief Cashier), printed on watermarked paper probably with [UNION BANK OF] AUSTRALIA with a frame, with imprint on centre of bottom, 'Perkins Bacon & Petch, London, Patent Hardened Steel Plate', with vignettes of Queen Victoria and Britannia to left, kangaroo and produce to right and ship between, black on white, (Vort-Ronald, p223-230 on bank, five pound forgery note of similar type illustrated, Tomlinson p101 illustrates one pound note of type). Folds and creases, with two unobtrusive pin holes from folds, some age toning, otherwise fine, very rare and the earliest known note of this bank.

Ex Dr. Alan Nicholson Collection, Noble Numismatics Sale 49 (lot 1608) and Sale 79 (lot 2887). This issue of the Union Bank of Australia (1837-1951), is of utmost interest, particularly as issued prior to the gold rush era and overstamped for issue from Geelong (a town of 4,000 people at this time). No other note from any bank is known to be issued from Geelong prior to the gold rush era.