Private Bank Issues
Lot 3000 Session 10 (7.30pm Thursday) Private Bank Issues
Estimate $2,000
Bid at live.noble.com.au
SOLD $6,200
THE MERCANTILE BANK OF AUSTRALIA LIMITED, Melbourne, one hundred pounds, dated 1st May 1890, (date fully printed), not numbered, unsigned, no imprint (Vort-Ronald, comments on bank and p.171, and £100 specimen note discussed, Tomlinson p.70 illustrates a complete £100 note with numbers and signature positions and also a 100 undertype). Gum adhesion at back in corners, otherwise extremely fine and extremely rare.
The Mercantile Bank of Australia Limited (1885-1892) was originally the Australian Economic Bank Limited but under its new name, commenced a note issue. Advances on worthless share script resulted in losses to the bank and it suspended payment on the 5th March 1892.
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 2998
LONDON CHARTERED BANK OF AUSTRALIA, fifty pound, Geelong, 18-- (MVR type 1). A uniface printers ...
Estimate $3,000
Lot 2999
THE LONDON CHARTERED BANK OF AUSTRALIA, Sydney, fifty pounds, not dated (18--printed) not numbered, proof ...
Estimate $2,000
Lot 3000 This lot
THE MERCANTILE BANK OF AUSTRALIA LIMITED, Melbourne, one hundred pounds, dated 1st May 1890, (date ...
Estimate $2,000
Lot 3001
NATIONAL BANK OF AUSTRALASIA, five pounds, Melbourne, 186- (MVR type 1). A uniface proof of ...
Estimate $2,000
Lot 3002
THE NATIONAL BANK OF AUSTRALASIA, specimen five pounds, Melbourne 2nd July 1888, 000001/ 010000, imprint ...
Estimate $6,000