Rare Banknotes at Wellington Auction
Rare Banknotes at Wellington Auction
Friday 25 and
Saturday 26 May will see the largest auction of New Zealand
banknotes ever held in New Zealand by Mowbray
Collectables. Nearly 500 banknote and related lots will go
under the hammer in Wellington, starting with cheques from
the New Zealand Banking Company from the earliest days of
settlement at Kororarika of 1840 to 1845, a cheque signed by
E Wakefield in Wellington in 1841 and rare private currency
notes used in in 1845 when change was scarce.
There are 85 notes issued by trading banks from the 1850’s until 1934 before Reserve Bank notes started. Many are scarce and only available as printer’s proofs or specimens – little wonder when an 1873 National Bank of New Zealand 50 pounds ($100) would buy what $6750 buys today. There are intriguing designs such as on the Bank of New Zealand 1903 One-Pound featuring Maori, the Lion and the Unicorn, an idyllic pastoral scene, kiwis, and sheep all on one note, estimated at $12,000.
The scarcest Reserve Bank Note on offer is a 1934 50-pounds, with around 80 known, estimated at $15,000. It would have bought $6000 of goods in today’s money when first issued.
The auction also features a rare Bank in
Aberdeen Scottish Five Shilling Note of 1799 and other World
Banknotes. New Zealand coins include the rare 1935 Waitangi
Crown and nineteenth century private traders’ half penny
and penny copper and bronze tokens, now estimated at up to
$1200.