Private Bank Issues

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This lot is not illustrated.

Lot 1524       Private Bank Issues

Estimate $300
Bid at live.noble.com.au
SOLD $300

BANK OF AUSTRALASIA, 'ONE' overlay on printed one pound notes, proof, unwatermarked paper, green on white, ONE in print spaced over five circles, (Vort-Ronald type two Fig. 60 for illustration one overlay for Ã…â€Å‣5 note with five circles, not in Spink Perkins Bacon Archive sale). Light folds and discolouration at right edge of note, otherwise nearly extremely fine, extremely rare and possibly unique in private hands.

Added colour to notes increasingly from the 1850's became used as a measure to prevent forgery. A range of geometric designs were often used, with some banks employing different designs for different denominations. That the Bank of Australasia used these overlay colour designs for many years, does indicate there success in preventing forgery. Green was selected for the one pound note as it was difficult to reproduce photographically, and appeared as black, in black and white photographs. Items like this were rarely available, as their use in the wrong hands would have allowed separate photographing and subsequently improved forgeries. Hence these overlays were zealously protected and few, if any others, are at present in collectors hands.

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 1522  

    BANK OF AUSTRALASIA, Geelong written in replacing Adelaide, one pound altered to ten pounds, 2 ...

    Estimate $2,500

  • Lot 1523  

    BANK OF AUSTRALASIA, Launceston, one pound, dated 15 Sept. 1863, (date fully printed), not numbered, ...

    Estimate $750

  • Lot 1524   This lot

    BANK OF AUSTRALASIA, 'ONE' overlay on printed one pound notes, proof, unwatermarked paper, green on ...

    Estimate $300

  • Lot 1525  

    BANK OF AUSTRALASIA, Sydney, one pound, uniface, dated 1 Jany 1886, (date fully printed), numbered ...

    Estimate $1,200

  • Lot 1526  

    BANK OF AUSTRALASIA, Brisbane, one pound, uniface, dated 1 July 1887, (date fully printed), numbered ...

    Estimate $2,000