Aust. Banknotes - Other Properties - Private Bank Iss

Lot 4123    SESSION 15 (7.30PM THURSDAY 1ST AUGUST)    Aust. Banknotes - Other Properties - Private Bank Issue

Estimate $4,500
Bid at live.noble.com.au
SOLD $2,700

CORNWALL BANK, Launceston (Cornwall County), Van Diemen's Land, one pound, dated Feb, 1, 1831, (183 printed), numbered 7338, signatures on note are Richard Dry (foundation director of the bank 1828-1836) and William Effington Lawrence (Bank Chairman 1828-1836), and made out to James Ranken, all on paper, unwatermarked (?), note printed on copper plates by Thomas Bock of Hobart, imprint of 'Bock sct Hobart' to left under cartouche on left, uniface, black on browned white paper, (Vort-Ronald, comments on bank and type p.153). Many folds and creases, rough edges stiffened with fresh paper on frayed edges, with additional tone and staining marks, many pin-holes, otherwise good - very good and excessively rare if not unique as an issued note from this bank.

Ex Noble Numismatics Sale 59 (lot 2095) and Sale 71 (lot 2988). Lot includes copy of newspaper article on the find of the note.
A small bank that was active from 1828-1835. Opened when the Derwent Bank refused to open a branch in Launceston. The bank was absorbed by the Bank of Australasia. Notes were issued in denominations from one to twenty pounds. Proof and unissued notes are known, this example is the only known issued and circulating note. The lot comes with a newspaper clipping from January 1997 Bank Note Reporter.