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Lot 3436      

Estimate $3,250
Bid at live.noble.com.au
SOLD $3,000

THE ROYAL BANK OF AUSTRALIA, five pounds, Lauceston, not dated (18 printed), proof, not signed, printed on unwatermarked paper, with imprint on centre of bottom 'Perkins Bacon & Petch London, Patent Hardened Steel Plate', with vignette of modified Royal Arms with supporters and St Andrew, value within oval left and right and in decorative floral border to left, all within rectangular spiral border, states on front of note 'Promise to pay the Bearer on demand at Launceston FIVE POUNDS sterling', blue on white (MVR p.210-12 on bank, similar one pound note illustrated as Fig 218 on p.210). Folds and creases, with unobtrusive rust holes lower left, a little aging tone, some ink smudging on the back, otherwise nearly very fine and very rare, especially for this city.

This proof issue of (second) The Royal Bank of Australia (1888-1927) is of some interest particularly as it utilised the same vignette and has some similarity in style to the defunct earlier Royal Bank of Australia (1840-1850). This new Royal Bank of Australia, remained small and conducted business in a cautious manner, consequently it survived the banking crises and crashes in the 1890s. It was eventually taken over by the E.S.& A. Bank in 1927. Three five pound printers proofs, stamped SPECIMEN were sold by Spink in May 1995 from the Perkins Bacon Archives, but these came from Sydney, Melbourne and Adelaide and all were printed with black ink on card rather than blue ink on paper. Launceston appears to be unrecorded. Ex.Noble Numismatics Sale No.49B (lot 1602) Dr A.Nicholson Collection.