Description: General Issued Banknote.
Domicile: Hobart Town. Circa: 1864.
Union Bank of Australia (1837-1951)
1864 One Pound Issued Note
Australian Pre Federation Banks of Issue
During the 1800’s many private and state Government banks were established to replace an inadequate barter system, as no currency medium in any form had been provided for use in the colonies. The newly established banks introduced a variety of legal tender paper notes, which were traded till the late 1800’s when the financial crash of 1889 forced many banks to close their doors.
Pre Federation notes originated in England where they were painstakingly engraved and printed before being shipped to Australia to begin their commercial use.
Pre Federation Notes from part of Australia’s earliest banknote history are highly prized numismatic rarities in these times.
Engraved by: Perkins, Bacon & Co., London
Domiciled: Hobart Town
Serial: L 19425
Grade: Very Fine