1923 One Pound Miller/Collins R23B PCGS VF25
We Last Sold This Item For: | $650.00 |
---|---|
Last Sold On: | 13/1/2023 |
# Sold In Past 12 Months: | 0 |
1923 One Pound Miller/Collins R23B PCGS VF25
Front: Denomination at the centre and in each corner, national crest at left and George V at right.
Back: Captain Cook landing scene at the centre, denomination at left and right.
Period on Issue: July 26 1923 ~ April 12 1926
Mintage: "Possibly less than 10,000,000" [Source: Vort-Ronald; Mick, "Australian Banknotes", Self-published, Whyalla, 1983, p 145.]
This is a presentable example of a scarce Australian 1 pound note.
On the 6th of June in 1923, the first of Australia’s new “Harrison” or “gold-bearing” series banknotes were issued into circulation.
Shortly after the notes were released, Treasury decided to alter the design of the front of the note very slightly by removing the name of the person responsible for engraving the printing plates.
Unfortunately, the general public wasn’t informed of this minor change, and there was something of a panic - many folks simply refused to accept them.
Research by the eminent numismatist Dr Alan Nicholson has shown that at the same time Treasury decided upon this change, they had also identified a potential problem - some of the serial numbers being used on the new notes had actually already been used on the Type I Superscribed £1 notes that had been issued between 1910 and 1914.
This situation had the potential to hinder the identification of potential forgeries, as the format used in the serials on both types of note was one letter as a prefix, with six digits in the number.
It was Nicholson’s theory that once Treasury officials became aware of this duplication in serials, all of the new “Harrison” series £1 notes were quickly withdrawn; destroyed and replaced by notes that had two numbers in the serial prefix.
This particular note has traded "raw" as Fine and Very Fine previously, PCGS have noted a small tear in the bottom margin. We believe the price takes that into account.
Click the PCGS icon below to verify the certificate details for this note directly on the PCGS website.
PCGS Certificate Number: 45378841
SKU: 2647
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