Private Bank Issues
Lot 3004 Session 10 (7.30pm Thursday) Private Bank Issues
Estimate $3,500
Bid at live.noble.com.au
SOLD $7,800
THE ORIENTAL BANK CORPORATION, one pound, issued at Sydney, 14 April 1879, (date printed), No. 595668 hand signed by Manager A.D. Wilson and entered by J.G. Mackellor, imprint to left at bottom, 'Perkins, Bacon & Co. London' (Vort-Ronald, type [c], p.189-191 on bank, and similar note illustrated as Fig.200). Folds and creases, some surface wear, age tone, otherwise fine and very rare.
Although founded in India in 1842 it moved to its new head office in Threadneedle Street London in 1851, and shortly after opened in Melbourne and Sydney in 1852. It closed in 1884 when various depressions in Mauritius and Ceylon forced it to suspend payment. It was able to pay between 19/3 and 19/9 in the pound. After re-organisation the bank gradually moved the bulk of its business into Asia. It failed again in 1892 during the depression of that time. Probably a dozen or so notes from this bank survive.
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 3002
THE NATIONAL BANK OF AUSTRALASIA, specimen five pounds, Melbourne 2nd July 1888, 000001/ 010000, imprint ...
Estimate $6,000
Lot 3003
THE NATIONAL BANK OF AUSTRALASIA, Sydney, New South Wales, ten pounds uniface, dated 1st January ...
Estimate $2,000
Lot 3004 This lot
THE ORIENTAL BANK CORPORATION, one pound, issued at Sydney, 14 April 1879, (date printed), No. ...
Estimate $3,500
Lot 3005
THE ORIENTAL BANK CORPORATION, one pound, issued at Melbourne, July 1 1881, (date printed), No. ...
Estimate $3,500
Lot 3006
THE ORIENTAL BANK CORPORATION, five pounds, Melbourne, 6th Jany 1875, pencilled 'To this/Nov 2nd/74' (Spink ...
Estimate $400