Private Bank Issues

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Lot 2889    Session 10 (7.30pm Wednesday)    Private Bank Issues

Estimate $7,000
Bid at live.noble.com.au
SOLD $6,600

UNION BANK OF AUSTRALIA, Melbourne, one pound altered to five pounds, 1 July 1852, (18 printed), No. 111544, hand signed by uncertain Manager and Accountant, note altered from one pound to five pounds by removing corners with 1 and ONE in oval frames and replacing from other notes by skillful attachment a 5 and FIVE in those corners, in addition letters are added to text changing ONE POUND to FIVE POUNDS, a vignette of Queen Victoria seated on throne upper left and the Britannia and Australia allegorical representations separated by a sailing ship are present, printed on unwatermarked paper (?), with imprint on centre of bottom frame, 'Perkins Bacon & Petch, London Patent Hardened Steel Plate', black on white, (Vort-Ronald Type One (p.225), and compare with other known one pound altered to five pounds forgery, fig.227 (p.223), also for specimen proof of £1 and £5 notes copied, see Spink sale Perkins Bacon Archive lot 786 and 790 both illustrated). Heavy folds and creases, major repairs to note by additions for alterations (as above), many small holes, and extensive toning, otherwise very good, as a forgery the second known example, and very rare for a one pound note from this bank at this time.

Ex Dr. Alan Nicholson Collection, Sale 49 (lot 1609). The forger has been reasonably successful for the alterations and additions of the One to Five in the ornamental frames. But the alteration is less successful in the replacing of the ONE POUND in the text to FIVE POUNDS as a careful check shows traces of the ONE underneath and the added S is noted to interfere with the Stg of the next word of text. Consequently this note is relatively easy to detect as a forgery. Clever concealment of the adjustments have been made by multiple creasing of the note.

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 2887  

    UNION BANK OF AUSTRALIA, one pound, issued at Melbourne but overstamped GEELONG three times, 1 ...

    Estimate $20,000

  • Lot 2888  

    UNION BANK OF AUSTRALIA, one pound, Goulburn, 4th Jnry 1858 No. C/T 9841 (MVR type ...

    Estimate $16,000

  • Lot 2889   This lot

    UNION BANK OF AUSTRALIA, Melbourne, one pound altered to five pounds, 1 July 1852, (18 ...

    Estimate $7,000

  • Lot 2890  

    UNION BANK OF AUSTRALIA, Melbourne, one pound, dated 1 Jany 1876 (187- printed), numbered No.F452590, ...

    Estimate $15,000

  • Lot 2891  

    THE UNION BANK OF AUSTRALIA LIMITED, Sydney, one pound, dated 1 Jany 1892 (date printed) ...

    Estimate $11,000