Pre Fed 1 Pound Australian Note!

Wow...nice!

wow beautiful note thanks for posting it's probably the only time I will ever see one

If anything bears repeating, it is that. Don't even try to iron this note flat, steam it to reduce wrinkles, or anything that seems harmless.

I'm not an expert in the series, but as far as I know, all redeemed notes were destroyed, except for a few which were cashed in long after the rest; these were donated to museums. I think the government also kept one of each note, unissued, as an example, and other unissued "specimens" may also have been sent to England.


Two things I can think of would increase the value of these notes.

First, the consecutive numbering. Nobody back in the 1910s collected banknotes, and nobody would have kept consecutive examples of these notes as such; any consecutive numbers would be "natural" in that the person who originally acquired them likely never even noticed or cared that they were consecutive. So few of these notes survived that the odds of consecutive numbers surviving are quite low; the two items together make a single artefact, much rarer than the individual notes. Consecutive numbers don't raise the price of modern notes by much (if at all) because a lot more pairs have been deliberately kept together by collectors.

Secondly, to have remained together "accidentally" in this fashion, they must not have been in circulation for very long, so they're probably in much better condition than yours is. Even a small change in grade can make a big difference in price. Your note catalogues at $50,000 in VF and $100,000 in EF; that's why getting it properly graded by an expert who can see it in hand is most important.

To add to my addition: if you're anywhere near the Gold Coast this weekend, bring your note to the ANDA Show being held there. See here for details. It'll cost you ten bucks to get in, but many of the big dealers (including four of the five named so far in this thread) will be there and would happily value your note for you.

ok here are a few that I quickly scanned up, thanks for the previous posts, very helpful!








If anyone can let me know any info or approx valuations of these it would be much appreciated.

Sorry of the quality of scans, first few times I've ever done it haha

The first one is Armitage/McFarlane, difficult to tell grades from scans, but I would say it is Ef or better. Ef is valued at $325, aUnc at $575 and Unc at $975. Yours may be Unc, but like I said, it is hard to tell from the pics.

The second one is Coombs/Watt, Ef $425, aUnc $700, Unc $1300

The third one is Coombs/Wilson, it looks to be uncirculated, value $375

The fourth one is another 'WOW' one. Riddle/Heathershaw, again, difficult to tell the grade from the scan. Vf $875, EF $2500, aUnc$5000, unc $9750

The fifth one is Riddle/Sheehan, looks to be in great condition, Ef $2100, aUnc $3850, unc $7000

The sixth one is Sheehan/McFarlane, Vf$325, Ef $825, aUnc $1450, Unc $2500

The last one is another 'WOW' Cerutty/Collins. Fine $2100, Vf $6250, Ef $21,000 aUnc $36,500 Unc $57,500

You really need to get these assessed. You have an important and valuable collection that would be incredibly difficult to replace in the event of loss or damage. The 'wow' notes here don't turn up all that often and a collection like yours will generate a lot of interest if you decide to sell them all at once. Australian banknotes have been an incredibly good investment over the last couple of decades. They have out striped virtually all other forms of investment. If you don't need to sell, this collection will only increase in value. If you do need, or want to sell, take your time and learn all you can to make the best decision. Like Sap said, auction will probably be the best way to go.

Please understand this next bit carefully. I have given you a few prices for each note based upon grade, VF being Very Fine, EF being Extra Fine and so on. Value of ALL notes and coins is based upon a few things, condition, as denoted by VF, EF etc, scarcity, which your "wow" notes definitely have, and demand, again, your 'wow' notes. Grading is subjective, you may want them all to be uncirculated because they are the most valuable, but if three dealers say it is EF, then that is what it is.

Placing your notes at auction will be the best way to determine value, people will pay what they think they are worth, with no other factors influencing.
Selling to a dealer might, and I say 'might', result in a slight down grading in the dealers favour. For what you have, you need to be dealing with the experts in this field.
If you approach a few dealers with the intent of obtaining valuations for insurance purposes, which will most likely cost a small fee, you will get a good idea of grade.