Private Bank Issues
Lot 2975 Session 10 (7.30pm Thursday) Private Bank Issues
Estimate $4,500
Bid at live.noble.com.au
SOLD $12,400
THE COMMERCIAL BANK OF SOUTH AUSTRALIA, Adelaide, one pound, dated 1 January 1883 (date printed), numbered No.B141199, uncertain signatures for manager and accountant, imprint of 'Bradbury Wilkinson & Co. Engravers & C. London' (Vort-Ronald, Type two, Fig.143, [p.137] a similar note, further comments p.136-7, also Tomlinson p.54-5 and illustration p.55). Creases and folds, paper toning, otherwise nearly fine 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.
Quick find
View a lot by number and sale.
Adjacent lots
Lot 2973
THE CITY BANK OF SYDNEY, one pound, Sydney, 1st January, 1900, D071938 (MVR 2d). One ...
Estimate $15,000
Lot 2974
THE COLONIAL BANK OF AUSTRALASIA, Melbourne, five pounds, dated 1st May 1886, (date fully printed), ...
Estimate $2,000
Lot 2975 This lot
THE COMMERCIAL BANK OF SOUTH AUSTRALIA, Adelaide, one pound, dated 1 January 1883 (date printed), ...
Estimate $4,500
Lot 2976
THE COMMERCIAL BANK OF SOUTH AUSTRALIA, one pound, Adelaide, 1st January, 1885, No. B 156818 ...
Estimate $5,000
Lot 2977
COMMERCIAL BANK, Hobart Town, Van Diemens Land, one pound, forgery in Indian ink, 1 July ...
Estimate $2,500