Federal Bank of Australia (Melbourne) ca 1889 10 Pounds Unissued Specimen Note MVR# 1 Uncirculated
We Last Sold This Item For: | $5,041.00 |
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Last Sold On: | 10/10/2019 |
# Sold In Past 12 Months: | 0 |
Federal Bank of Australia (Melbourne) 1889
10 Pound Unissued Specimen Note
Reference #: MVR# 1
Quality: Uncirculated
Serials: 0001 - 50000
A scarce high denomination note from this short-lived bank.
The narrative of the Federal Bank of Australia mirrors the incredible wealth that was generated during the land boom seen in Melbourne in the late 1800's.
Unfortunately for the bank's directors; investors and depositors, their demise also exemplified the crushing cost of the banking crisis of 1893 that followed. The Federal Bank of Australia has been described by one historian as being “The most famous and most notorious of all boom institutions.”
The Federal Bank of Australia was formed by James Munro in December 1881, and opened for business on Monday April 3rd 1882.
The handwritten notation in the top margin of this note identifies it as having been prepared at the absolute peak of the Land Boom that unfolded in Melbourne in the 1880's, when land in the Melbourne CBD was as expensive as it was in London.
Click here to read our full article on the incredible story of the Federal Bank of Australia.
SKU: 21117
Browse our catalog of Pre-Federation Banknotes below:
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