1978 10,000 Dollar Unissued Commonwealth Treasury Bond
| We Last Sold This Item For: | $950.00 |
|---|---|
| Last Sold On: | 4/12/2022 |
| # Sold In Past 12 Months: | 0 |
1978 10,000 Dollar Unissued Commonwealth Treasury Bond
Front: Coat of Arms at top centre, value at top right and centre, signature at bottom right
Back: Contract terms and conditions
This is a unique and superbly presented slice of Australian economic history.
As far as I’m aware, Note Printing Australia has always printed Australia's national negotiable instruments such as bonds - I am not aware that such work has ever been performed by a private company.
This means that the specimen bond we offer here was not printed under the authority of the Commonwealth Government. Despite this status, it looks great; is quite rare, and I believe is probable evidence of privatization pressures on the Commonwealth government in the late 1980s.
I have no doubt there will be an interesting back story to this bond - the fact that JP Morgan is identified as being involved in it, and as the bond has John Howard’s signature on it (even if it is a facsimile), leads me to think that this specimen was the result of some fairly advanced planning.
I don’t see a printing company going to the trouble of designing a series of rather intricate and complicated specimen bonds for a country that has never had them privately printed before unless there was some prospect of them getting the work.
JP Morgan could have had the printer prepare some of the specimens as part of a pitch to market Australian government bonds at that time, they may have paid the printer regardless.
This is of course uninformed speculation, and there could be a completely different explanation for this bond's existence.
Once the archives of the printer (The United States Banknote Corporation) were sold in the 1990s, a small group of unissued bonds came onto the market.
This particular bond measures 30cm * 20cm. I have handled a very small number of these over the years and have seen them framed - they look fantastic.
SKU: 210043
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$950.00 Last sold for this price on 4/12/2022 |
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