1933 One Pound Riddle/Sheehan R28 Fine
We Last Sold This Item For: | $130.00 |
---|---|
Last Sold On: | 22/4/2024 |
# Sold In Past 12 Months: | 1 |
Recent Sales in this Category
1933 One Pound Riddle/Sheehan R28 Fine
Front: George V at right, coat of arms above denomination at centre
Back: Pastoral scene in bas-relief, denomination at left
Period on Issue: August 24th 1933 ~ September 1938
Mintage: 271,372,000
This historic note was issued in the depths of the Great Depression.
The Great Depression of 1929 brought about the end of the gold standard in Australia - all notes became "Legal Tender", meaning they couldn't be redeemed in gold coin at the Commonwealth Bank (the equivalent of the Reserve Bank back then).
Sir Ernest Riddle was Governor of the Commonwealth Bank of Australia between June 1st, 1927, and February 28th, 1938.
Sir Harry Sheehan was Secretary to the Commonwealth Treasury from April 29th, 1932 until February 28th 1938.
£1 notes with this signature combination were issued over a shorter period than that - between August 24th, 1933 and September 1938.
The paper of this particular note is crisp and original - inspection under strong light shows that there isn't a flick or fold to be seen.
Nominal wage statistics from the ABS show that £1 was slightly more than a day's wages in 1933 - equivalent to slightly more than $300 in today's money.
We can only imagine just how far that sum of money would have gone during the darkest days of Australia's most challenging economic period, so it's incredible to see something so valuable in original condition some 85 years after it was issued into circulation.
This note has firm and original paper.
SKU: 2738
Browse our catalog of One Pound below:
I've taken my coins to Andrew a few times. Him and his staff are very nice people. Andrew is honest and down to earth. 👍
I have purchased several bulk lots of world coins from Sterling & Currency over the last few years. Read more...
I live on East Coast but prefer dealing with Andrew on the West due to his integrity, knowledge and prices, Read more...
Just purchased a 1966 blue case decimal mint set. Andrew gave me a ring to ensure it had arrived and provided Read more...
The team at Sterling & Currency is a family affair – small but growing. Andrew Crellin is the main dealer in the business, click here to read this credentials and how he started with the Perth Mint; spent a decade in Sydney working with two leading dealers and relocated back to Perth in 2006.
Jo is our budding Numismatist, Chief Event officer, Photographer and Packing Extraordinaire. Natalie is our media creator and photographer. Nicole manages the accounts and is part of the Packing Team. A myriad of important duties are carried out by the team that include photography, website updates, office admin, and chocolate eating.
Ruby the Ridgeback quite frankly has learned nothing about coins, however contributes by barking at anyone wearing hi-viz.
We're Always Buying!
We need to buy tens of thousands of dollars worth of coins and notes each and every week of the year.
If you'd like to turn all or part of your collection into cash, get in touch with our expert staff and we'll be happy to start working on a deal with you.
Australian Gold Coins
We have extensive experience in handling all Australian gold soveriegns and halves, from the Adelaide Pounds of 1852 right through to the last coins of George V of 1931. All of the Australian gold coins in our online shop are described in detail with high resolution images.
Coins
At Sterling & Currency, we specialize in handling Australian coins dating from our nation's settlement in 1788 through to the introduction of decimal currency in 1966. We have an extensive range in our online store of Australian gold, copper and silver coins.
Decimal Coins
The Australian proof and UNC coins struck by the Perth Mint and the Royal Australian Mint are the most accessible coins available to collectors today. If you're not able to find a particular coin that you're keen to add to your collection, let us know and we'll be contact you when it becomes available.