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1949 Five Pound Consecutive Pair Coombs/Watt R47 good EF

1949 Five Pound Consecutive Pair Coombs/Watt R47 good EF

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Two light bends are evident.

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1949 Five Pound Consecutive Pair

Signature Combination: Coombs/Watt

Reference Number: Renniks # 47

Quality Grade: good EF

Two light bends are evident.

Dr Herbert Cole ("Nugget") Coombs was Governor of the Commonwealth Bank of Australia from January 1st 1949, and then Governor of the Reserve Bank of Australia between January 13th 1960 and July 22nd 1968.

George Watt was Secretary to the Commonwealth Treasury from January 30th 1948 until March 31st 1951.

£5 notes with the signature combination of these two gents were issued between August 22nd 1949 and October 1952.

The number of £5 notes printed with this signature combination was just 82% of the quantity issued with the Armitage / McFarlane signature combination between 1942 and 1949.

The paper quality of these particular notes remains strong - they're firm, and retain a lot of bounce.

Although they were sold to the previous owners as being in Uncirculated quality (for $13,500 no less!), inspection under direct light shows they've been pressed and have several light folds.

They certainly aren't Uncirculated, nor are they worth what the previous owners paid, they are quite scarce as a pair, and a strong representation of these high-value notes.