1877 City of Melbourne Bank Ltd Five Pounds


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1877 City of Melbourne Bank Ltd Five Pounds
NOTE
1877 City of Melbourne Bank Ltd Five Pounds
QUALITY
Specimen
PROVENANCE
Bradbury & Wilkinson Archives, Spink London 2010
PRICE
$ 8,500
COMMENTS
This 1877 City of Melbourne Bank Ltd Five Pounds is an extremely rare, historically important pre federation banknote from Melbourne’s golden era. It offers a fabulous insight into Australia’s early currency history.
STATUS
Available now
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That we have just been asked to put together a set of early Pre-Federation specimen notes for a client’s superannuation fund reflects the price at which they are being offered and their perceived investment value. And we would encourage others to consider similarly for these notes have genuine potential.

Consider the merits of this Pre-Federation banknote.

It is an original specimen note from The Bank of Adelaide, one of Australia’s early colonial banks.
Its offering today reflects our respect for quality. Archived for more than a century by London engravers and printers Bradbury & Wilkinson, the note still retains its original characteristics and original colour, unaffected by the passing of time.

The paper is crisp. The note’s design detail and depth of colour is startling. It’s as though it has been time-capsuled for the last 121 years.

The offering of this note also reflects our respect for history. The Bank of Adelaide was formed in 1865 in Adelaide, South Australia.

Public confidence in the formation of the bank was so high that 180,000 applications for shares were received, even though only 35,000 shares were available for allotment. The bank survived for 115 years before being absorbed by the ANZ banking group in 1980.

The Bank of Adelaide was one of very few financial institutions to survive the banking crisis of the 1890’s without closing its doors and by the middle of the 20th century was regarded as a pillar of the Adelaide establishment.

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Note               1893 City Bank of Sydney

Quality           Specimen

Provenance    Private Collection Sydney

Price              $8,500

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Note              1893 City Bank of Sydney  

                          Ten Pounds

Quality           Specimen

Provenance    Spink London, 2010

Price              $ 12,500

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