1918 One Pound Cerutty/Collins R21 Very Fine

1918 One Pound Cerutty/Collins R21 Very Fine

Front: National arms at centre

Back: Mining scene at centre

Period on Issue: 1918 ~ May 28th 1923

Mintage: 57,031,768

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Circulated examples of this note that are problem-free are incredibly scarce.

Most collectors of Australian pre-decimal banknotes collect by "type", that is they start off looking to get one of each type of Australian banknote printed during our pre-decimal period.

As the market for Australian pre-decimal notes has eased considerably over the past few years, it'd be logical to presume that good quality notes are now far easier to get than they used to.

The good news is that yes - they are far cheaper, but they are not far easier to get.

The Treasury Series of Australian Commonwealth Notes

The "Treasury" series of Australian banknotes was on issue between 1913 and around 1923 - these notes are referred to as "Treasury" notes by collectors because they were the first Australian banknotes issued for the Australian Commonwealth Treasury. There were a number of changes made to the way Australia's currency notes were printed in the decade between 1913 and 1923 - not only did the signatories change from Collins and Allen to Cerutty and Collins, but the format of the serial numbers added to each of the notes changed several times also.

When it comes to the Treasury series £1 notes, collectors have 5 different varieties of note to choose from. There are 4 varieties of Collins Allen £1 note, and just the one variety of Cerutty Collins note. As the Note Issue Department had settled on a serial number format that could be used for the medium term without any problems by late 1916, no minor changes were necessary to the Cerutty Collins £1 notes between 1918 and 1923. As the Australian economy recovered following the end of World War I, more currency notes were printed than was necessary during the war.

All of this means that the Cerutty Collins £1 note is the most affordable Treasury series note available to collectors - it is the easiest to get in attractive and presentable condition.

The paper of this particular note remains bright and firm - the note retains plenty of body, the edges and corners are all sharp, and the colours are extremely original. The folding evident is commensurate for the grade.

This is an attractive example of Australia's first Commonwealth £1 banknote.

SKU

2615