A September 21 sale at International Galleries will feature a rare note, a Type II King George V 1,000 pound note. These notes were used in Australia in 1914, principally for inter-bank transfers. Two types of these notes have circulated, subsequently bearing two different signature combinations.

The Type II specimen being offered last surfaced back in 1994 following its purchase by Monetarium (Australia). Previously the Type I had sold for $1.1 million US; the Type II had sold back at that time for $225,000 US. It is the only Type II in private hands to ever have been known to exist.

Full details of this will be posted at www.iagauctions.com.

Resource: Bank Note Reporter, August 2008.

This entry was posted on Tuesday, July 29th, 2008 at 4:44 pm and is filed under Articles, Blog Entry, Coins & Currency. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

View all articles by Ed McDonough.