Aust. Banknotes - Private Bank Issues
Lot 2870 Session 10 (7.30pm Wednesday 25th March) Aust. Banknotes - Private Bank Issues
Estimate $9,000
Bid at live.noble.com.au
THE COMMERCIAL BANK OF SOUTH AUSTRALIA, Adelaide, one pound, 2nd day of May 1881 (date printed), No.B98122, signed by manager and accountant, imprint of Bradbury Wilkinson & Co. Engravers & c. London (MVR 2). Several small holes and a 2cm tear in top, a full note, nearly very good and very rare.
This bank was founded in 1878 but failed in 1886 due to land speculation and the depredations of a dishonest manager and accountant. The migration of Germans to South Australia at this time meant new business and this bank to win that business placed the value on the note in German (Ein Pfund), as well as English. The Town and Country Bank also bore the value of the denomination in German. The Commercial Bank of Australia issued notes with the denomination in Chinese, consequently this small group of three bank issues are the only notes to use a language other than English in Australia.
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 2868
THE CITY BANK, Sydney, five pounds, 26th Janry 1869 (date fully printed), printed on paper ...
Estimate $6,000
Lot 2869
THE COLONIAL BANK OF AUSTRALASIA, second of exchange, Geelong, 30 Augt 1859, No. 4/13, for ...
Estimate $200
Lot 2870 This lot
THE COMMERCIAL BANK OF SOUTH AUSTRALIA, Adelaide, one pound, 2nd day of May 1881 (date ...
Estimate $9,000
Lot 2871
COMMERCIAL BANK OF SYDNEY, one pound, Sydney 18- (MVR.3) black and white uniface printer's proof ...
Estimate $3,000
Lot 2872
THE COMMERCIAL BANKING COMPANY OF SYDNEY, Sydney, specimen five pounds, undated as 18.. only (printed), ...
Estimate $7,500