Aust. Banknotes - Private Bank Issues


Lot 4232    SESSION 15 (7.30PM THURSDAY 4TH APRIL5    Aust. Banknotes - Private Bank Issues

Estimate $20,000
SOLD $20,000

THE COMMERCIAL BANK OF AUSTRALIA, one pound, Sydney, 8th Septr. 1909, No C 090712 (MVR 1), signature A.W.Burrows for Manager and Geo Jennings, Chinese script vertically on left and right, floral pattern border, imprint 'Sands and McDougall, Stationers, Melbourne'. Two minor unobtrusive holes, rust spots on back, otherwise nearly very fine and extremely rare, only one other issued note known.

Ex M.R.Roberts Sale 23 October 1978 (lot 485) and Dr Alan Nicholson Collection, Noble Numismatics Sale 49B (lot 1560); IAG private sale, Rare Coin Company private sale 2010 ($100,000).

Chinese text translates 'one pound New Gold Mountain'. Text to attract business with Chinese minority in the population. Gold Mountain refers to Melbourne after the gold rush of the 1850s.

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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