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Dallas Signature Currency Sale 4029 30 Apr 2021
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Australia Commonwealth of Australia 50 Pounds ND (1918) Pick 8d R67c PMG Very Fine 30. An extremely desirable type, seldom seen in any grade, examples are eminently collectible due to the unusually high face value. Four varieties for this denomination were issued between 1914 and 1940, with this being the last. Notice the large, sans serif serial numbers, which were indicative of the final wave of issue for this type. Because stocks of this high denomination were not in demand, issuance was very slow, which allowed this denomination, along with the 20 and 100 Pounds, to be released well past their normal lifespan, and certainly well beyond that of their lower denomination counterparts. In fact, bank records indicate that only 608,000 of these notes were printed and released until the end of World War II. The enormous face value at the time, coupled with economic conditions, forced their redemption, leaving only a scant few to be enjoyed by collectors today. Highly collectable, this piece shows signs of limited circulation in a well preserved state. Minor repairs are mentioned in the comments on the back of the third party holder. At the time of cataloging, only a total of four examples are registered in the PMG Population Report. https://currency.ha.com/itm/world-currency/australia-commonwealth-of-australia-50-pounds-nd-1918-pick-8d-r67c-pmg-very-fine-30/a/4029-28006.s?type=CoinArchivesCurrency4029 HID08706262019 © 2020 Heritage Auctions | All Rights Reserved
Estimate: 8000-12000 USD
Australia Commonwealth of Australia 50 Pounds ND (1918) Pick 8d R67c PMG Very Fine 30. An extremely desirable type, seldom seen in any grade, examples are eminently collectible due to the unusually high face value. Four varieties for this denomination were issued between 1914 and 1940, with this being the last. Notice the large, sans serif serial numbers, which were indicative of the final wave of issue for this type. Because stocks of this high denomination were not in demand, issuance was very slow, which allowed this denomination, along with the 20 and 100 Pounds, to be released well past their normal lifespan, and certainly well beyond that of their lower denomination counterparts. In fact, bank records indicate that only 608,000 of these notes were printed and released until the end of World War II. The enormous face value at the time, coupled with economic conditions, forced their redemption, leaving only a scant few to be enjoyed by collectors today. Highly collectable, this piece shows signs of limited circulation in a well preserved state. Minor repairs are mentioned in the comments on the back of the third party holder. At the time of cataloging, only a total of four examples are registered in the PMG Population Report. https://currency.ha.com/itm/world-currency/australia-commonwealth-of-australia-50-pounds-nd-1918-pick-8d-r67c-pmg-very-fine-30/a/4029-28006.s?type=CoinArchivesCurrency4029 HID08706262019 © 2020 Heritage Auctions | All Rights Reserved
Estimate: 8000-12000 USD