Sorry! This 1927 Five Pound Kell/Heathershaw R39 Uncirculated has sold.

1927 Five Pound Kell/Heathershaw R39 Uncirculated

Front: Denomination at centre and in each corner, national crest at left and George V at right.

Back: Captain Cook landing scene at centre, denomination at left and right.

Period on Issue: January 27th 1927 ~ May 1928.

Mintage: 1,000,000


This may well be the finest example known of this incredibly rare five pound note dating just prior to the Great Depression.

James Kell was Governor of the Commonwealth Bank from October 10th 1924 until May 27th 1927.

James Heathershaw was Secretary to the Treasury August 3rd 1926, until April 28th 1932.

Five-pound notes featuring these two signatures were on issue for a much shorter period than that - between January 17th 1927 and May 1928. That relatively short print run was further split into two distinct categories - those notes where James Kell signed as "Chairman of Directors, Note Issue Department, Commonwealth Bank of Australia" (designated by Renniks as R#39), distinct from those notes where James Kell signed as "Governor, Commonwealth Bank of Australia" (designated by Renniks as R#40).

Research by Mick Vort-Ronald into the history of Australia's pre-decimal banknotes has determined that the number of R#39 £5 notes issued into circulation is "possibly 1,000,000". These were the first Harrison-series five-pound notes where the numeral used in the serial prefix was the same size as the numerals used in the serial number.

Auction research shows that less than 40 unique examples of this note are known in total. As can be expected for a paper currency note that had purchasing power greater than a week's average wages in 1927, the vast majority of the known notes have been graded as being in less than Very Fine quality.

Only 3 of the known examples have been offered for sale via auction in about Unc quality or better.

Of those three notes, this is the only example to have been consistently described as being in Uncirculated quality.

The body is crisp, the colours remain clear and distinct, the corners and edges are entirely sharp and original.

It was so highly regarded when it was first offered for sale in November 1996, the nett price paid was around 20% higher than the prevailing catalogue value at that time. It was also the second-highest of all of the Australian pre-decimal notes in that auction and was only exceeded by the desirable Collins Allen £20 in good VF quality.

This is a truly superior example of a truly rare and high-value note that was issued in a truly lean period of economic activity leading into the Great Depression.

Without question, it would be a worthy inclusion in the finest collection of Australian pre-decimal notes.

SKU: 3028

Browse our catalog of Five Pounds below:

Coin Name Reverse Obverse Price Status
1928 Five Pound Riddle/Heathershaw R42 about Unc PCGS 58 PPQ 1928 Five Pound Riddle/Heathershaw R42 about Unc PCGS 58 PPQ 1928 Five Pound Riddle/Heathershaw R42 about Unc PCGS 58 PPQ $9,500.00 Available Now View Product
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1928 Five Pound Riddle/Heathershaw R42 Extremely Fine 1928 Five Pound Riddle/Heathershaw R42 Extremely Fine 1928 Five Pound Riddle/Heathershaw R42 Extremely Fine $3,950.00 Available Now View Product
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1942 Five Pound Armitage/McFarlane R46 about VF 1942 Five Pound Armitage/McFarlane R46 about VF 1942 Five Pound Armitage/McFarlane R46 about VF $225.00 Available Now View Product
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1942 Five Pound Armitage/McFarlane R46 Extremely Fine 1942 Five Pound Armitage/McFarlane R46 Extremely Fine 1942 Five Pound Armitage/McFarlane R46 Extremely Fine $475.00 Available Now View Product
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1942 Five Pound Armitage/McFarlane R46 Very Fine 1942 Five Pound Armitage/McFarlane R46 Very Fine 1942 Five Pound Armitage/McFarlane R46 Very Fine $250.00 Available Now View Product
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1942 Five Pound Consec Run of 4 Armitage/McFarlane R46 PCGS Choice Unc 64 1942 Five Pound Consec Run of 4 Armitage/McFarlane R46 PCGS Choice Unc 64 1942 Five Pound Consec Run of 4 Armitage/McFarlane R46 PCGS Choice Unc 64 $6,950.00 Available Now View Product
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1942 Five Pound Consecutive Trio Armitage/McFarlane R46 Uncirculated 1942 Five Pound Consecutive Trio Armitage/McFarlane R46 Uncirculated 1942 Five Pound Consecutive Trio Armitage/McFarlane R46 Uncirculated $6,750.00 Available Now View Product
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1949 Five Pound Consecutive Pair Coombs/Watt R47 about Unc 1949 Five Pound Consecutive Pair Coombs/Watt R47 about Unc 1949 Five Pound Consecutive Pair Coombs/Watt R47 about Unc $1,500.00 Available Now View Product
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1949 Five Pound Consecutive Pair Coombs/Watt R47 Extremely Fine 1949 Five Pound Consecutive Pair Coombs/Watt R47 Extremely Fine 1949 Five Pound Consecutive Pair Coombs/Watt R47 Extremely Fine $750.00 Available Now View Product
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1949 Five Pound Coombs/Watt R47 about EF 1949 Five Pound Coombs/Watt R47 about EF 1949 Five Pound Coombs/Watt R47 about EF $375.00 Available Now View Product
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1949 Five Pound Coombs/Watt R47 about Unc 1949 Five Pound Coombs/Watt R47 about Unc 1949 Five Pound Coombs/Watt R47 about Unc $1,100.00 Available Now View Product
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1949 Five Pound Coombs/Watt R47 Extremely Fine 1949 Five Pound Coombs/Watt R47 Extremely Fine 1949 Five Pound Coombs/Watt R47 Extremely Fine $395.00 Available Now View Product
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1949 Five Pound Coombs/Watt R47 good EF 1949 Five Pound Coombs/Watt R47 good EF 1949 Five Pound Coombs/Watt R47 good EF $950.00 Available Now View Product
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1949 Five Pound Coombs/Watt R47 good VF 1949 Five Pound Coombs/Watt R47 good VF 1949 Five Pound Coombs/Watt R47 good VF $250.00 Available Now View Product
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1952 Five Pound Consecutive Pair Coombs/Wilson R48 Extremely Fine 1952 Five Pound Consecutive Pair Coombs/Wilson R48 Extremely Fine 1952 Five Pound Consecutive Pair Coombs/Wilson R48 Extremely Fine $1,250.00 Available Now View Product
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1952 Five Pound Coombs/Wilson R48 about EF 1952 Five Pound Coombs/Wilson R48 about EF 1952 Five Pound Coombs/Wilson R48 about EF $350.00 Available Now View Product
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1952 Five Pound Coombs/Wilson R48 good VF 1952 Five Pound Coombs/Wilson R48 good VF 1952 Five Pound Coombs/Wilson R48 good VF $225.00 Available Now View Product
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1952 Five Pound Coombs/Wilson R48 PCGS Choice Unc 63 1952 Five Pound Coombs/Wilson R48 PCGS Choice Unc 63 1952 Five Pound Coombs/Wilson R48 PCGS Choice Unc 63 $1,500.00 Available Now View Product
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1952 Five Pound Coombs/Wilson R48 Very Fine 1952 Five Pound Coombs/Wilson R48 Very Fine 1952 Five Pound Coombs/Wilson R48 Very Fine $175.00 Available Now View Product
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1954 Five Pound Coombs/Wilson R49 Extremely Fine 1954 Five Pound Coombs/Wilson R49 Extremely Fine 1954 Five Pound Coombs/Wilson R49 Extremely Fine $195.00 Available Now View Product
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1954 Five Pound Coombs/Wilson R49 Fine 1954 Five Pound Coombs/Wilson R49 Fine 1954 Five Pound Coombs/Wilson R49 Fine $50.00 Available Now View Product
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1954 Five Pound Coombs/Wilson R49 Very Fine 1954 Five Pound Coombs/Wilson R49 Very Fine 1954 Five Pound Coombs/Wilson R49 Very Fine $65.00 Available Now View Product
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1954 Five Pound Coombs/Wilson R49 Very Fine 1954 Five Pound Coombs/Wilson R49 Very Fine 1954 Five Pound Coombs/Wilson R49 Very Fine $75.00 Available Now View Product
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1960 Five Pound Consecutive Pair Coombs/Wilson R50 Uncirculated 1960 Five Pound Consecutive Pair Coombs/Wilson R50 Uncirculated 1960 Five Pound Consecutive Pair Coombs/Wilson R50 Uncirculated $1,500.00 Available Now View Product
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1960 Five Pound Coombs/Wilson R50 about EF 1960 Five Pound Coombs/Wilson R50 about EF 1960 Five Pound Coombs/Wilson R50 about EF $95.00 Available Now View Product
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1960 Five Pound Coombs/Wilson R50 about Unc 1960 Five Pound Coombs/Wilson R50 about Unc 1960 Five Pound Coombs/Wilson R50 about Unc $275.00 Available Now View Product
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1960 Five Pound Coombs/Wilson R50 Extremely Fine 1960 Five Pound Coombs/Wilson R50 Extremely Fine 1960 Five Pound Coombs/Wilson R50 Extremely Fine $100.00 Available Now View Product
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1960 Five Pound Coombs/Wilson R50 good EF 1960 Five Pound Coombs/Wilson R50 good EF 1960 Five Pound Coombs/Wilson R50 good EF $150.00 Available Now View Product
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1960 Five Pound Coombs/Wilson R50 Uncirculated TD10 Last Prefix - Ex RBA Archives 1960 Five Pound Coombs/Wilson R50 Uncirculated TD10 Last Prefix - Ex RBA Archives 1960 Five Pound Coombs/Wilson R50 Uncirculated TD10 Last Prefix - Ex RBA Archives $1,250.00 Available Now View Product
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1960 Five Pound Coombs/Wilson R50 Very Fine 1960 Five Pound Coombs/Wilson R50 Very Fine 1960 Five Pound Coombs/Wilson R50 Very Fine $55.00 Available Now View Product
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1960 Five Pound Coombs/Wilson R50S about VF 1960 Five Pound Coombs/Wilson R50S about VF 1960 Five Pound Coombs/Wilson R50S about VF $3,250.00 Available Now View Product
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1960 Five Pound TD/09 Last Prefix Coombs/Wilson R50L Uncirculated 1960 Five Pound TD/09 Last Prefix Coombs/Wilson R50L Uncirculated 1960 Five Pound TD/09 Last Prefix Coombs/Wilson R50L Uncirculated $2,250.00 Available Now View Product
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1913 Five Pound Collins/Allen No Mosaic R35 Contemporary Forgery 1913 Five Pound Collins/Allen No Mosaic R35 Contemporary Forgery 1913 Five Pound Collins/Allen No Mosaic R35 Contemporary Forgery $750.00
Last sold for this price on 27/5/2024
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1916 Five Pound Collins/Allen R36c Very Good 1916 Five Pound Collins/Allen R36c Very Good 1916 Five Pound Collins/Allen R36c Very Good $2,950.00
Last sold for this price on 21/5/2023
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1916 Five Pound Collins/Allen R36cF Suffix PCGS Choice VF35 1916 Five Pound Collins/Allen R36cF Suffix PCGS Choice VF35 1916 Five Pound Collins/Allen R36cF Suffix PCGS Choice VF35 $8,235.00
Last sold for this price on 17/5/2023
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1916 Five Pound Collins/Allen R36cF Suffix PCGS VF20 1916 Five Pound Collins/Allen R36cF Suffix PCGS VF20 1916 Five Pound Collins/Allen R36cF Suffix PCGS VF20 $4,950.00
Last sold for this price on 15/5/2023
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1916 Five Pound Collins/Allen R36cF Suffix PCGS VF25 1916 Five Pound Collins/Allen R36cF Suffix PCGS VF25 1916 Five Pound Collins/Allen R36cF Suffix PCGS VF25 $4,805.00
Last sold for this price on 23/1/2023
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1918 Five Pound Cerutty / Collins R37b good Fine 1918 Five Pound Cerutty / Collins R37b good Fine 1918 Five Pound Cerutty / Collins R37b good Fine $3,750.00
Last sold for this price on 30/7/2023
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1918 Five Pound Cerutty/Collins R37B about VF 1918 Five Pound Cerutty/Collins R37B about VF 1918 Five Pound Cerutty/Collins R37B about VF $4,500.00
Last sold for this price on 21/10/2022
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1918 Five Pound Cerutty/Collins R37B Extremely Fine 1918 Five Pound Cerutty/Collins R37B Extremely Fine 1918 Five Pound Cerutty/Collins R37B Extremely Fine $17,500.00
Last sold for this price on 11/5/2020
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1927 Five Pound Kell/Heathershaw R39 Uncirculated 1927 Five Pound Kell/Heathershaw R39 Uncirculated 1927 Five Pound Kell/Heathershaw R39 Uncirculated $22,500.00
Last sold for this price on 26/9/2019
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1928 Five Pound Riddle/Heathershaw R42 about VF 1928 Five Pound Riddle/Heathershaw R42 about VF 1928 Five Pound Riddle/Heathershaw R42 about VF $1,437.50
Last sold for this price on 10/7/2022
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1928 Five Pound Riddle/Heathershaw R42 good VF 1928 Five Pound Riddle/Heathershaw R42 good VF 1928 Five Pound Riddle/Heathershaw R42 good VF $2,500.00
Last sold for this price on 15/11/2023
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1928 Five Pound Riddle/Heathershaw R42 Very Fine 1928 Five Pound Riddle/Heathershaw R42 Very Fine 1928 Five Pound Riddle/Heathershaw R42 Very Fine $2,250.00
Last sold for this price on 6/9/2023
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1932 Five Pound Riddle/Sheehan R43 about EF 1932 Five Pound Riddle/Sheehan R43 about EF 1932 Five Pound Riddle/Sheehan R43 about EF $3,675.00
Last sold for this price on 16/5/2023
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1932 Five Pound Riddle/Sheehan R43 PCGS VF25 1932 Five Pound Riddle/Sheehan R43 PCGS VF25 1932 Five Pound Riddle/Sheehan R43 PCGS VF25 $1,750.00
Last sold for this price on 21/12/2022
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1933 Five Pound Riddle/Sheehan R44A about VF 1933 Five Pound Riddle/Sheehan R44A about VF 1933 Five Pound Riddle/Sheehan R44A about VF $1,050.00
Last sold for this price on 5/6/2022
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1933 Five Pound Riddle/Sheehan R44B good VF 1933 Five Pound Riddle/Sheehan R44B good VF 1933 Five Pound Riddle/Sheehan R44B good VF $1,750.00
Last sold for this price on 15/5/2023
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1939 Five Pound Consecutive Pair Sheehan/McFarlane R45 PMG AU53 1939 Five Pound Consecutive Pair Sheehan/McFarlane R45 PMG AU53 1939 Five Pound Consecutive Pair Sheehan/McFarlane R45 PMG AU53 $2,160.00
Last sold for this price on 13/12/2022
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1939 Five Pound Sheehan/McFarlane R45 about EF 1939 Five Pound Sheehan/McFarlane R45 about EF 1939 Five Pound Sheehan/McFarlane R45 about EF $600.00
Last sold for this price on 11/5/2020
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1939 Five Pound Sheehan/McFarlane R45 about EF 1939 Five Pound Sheehan/McFarlane R45 about EF 1939 Five Pound Sheehan/McFarlane R45 about EF $172.50
Last sold for this price on 22/9/2019
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1939 Five Pound Sheehan/McFarlane R45 about VF 1939 Five Pound Sheehan/McFarlane R45 about VF 1939 Five Pound Sheehan/McFarlane R45 about VF $267.00
Last sold for this price on 25/5/2024
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1939 Five Pound Sheehan/McFarlane R45 Extremely Fine 1939 Five Pound Sheehan/McFarlane R45 Extremely Fine 1939 Five Pound Sheehan/McFarlane R45 Extremely Fine $1,250.00
Last sold for this price on 14/6/2022
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1939 Five Pound Sheehan/McFarlane R45 Fine 1939 Five Pound Sheehan/McFarlane R45 Fine 1939 Five Pound Sheehan/McFarlane R45 Fine $150.00
Last sold for this price on 10/8/2022
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1939 Five Pound Sheehan/McFarlane R45 Very Fine 1939 Five Pound Sheehan/McFarlane R45 Very Fine 1939 Five Pound Sheehan/McFarlane R45 Very Fine $400.00
Last sold for this price on 17/10/2021
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1942 Five Pound Armitage/McFarlane R46 about EF 1942 Five Pound Armitage/McFarlane R46 about EF 1942 Five Pound Armitage/McFarlane R46 about EF $250.00
Last sold for this price on 18/10/2022
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1942 Five Pound Armitage/McFarlane R46 Fine 1942 Five Pound Armitage/McFarlane R46 Fine 1942 Five Pound Armitage/McFarlane R46 Fine $90.00
Last sold for this price on 20/4/2024
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1942 Five Pound Armitage/McFarlane R46 good Fine 1942 Five Pound Armitage/McFarlane R46 good Fine 1942 Five Pound Armitage/McFarlane R46 good Fine $130.00
Last sold for this price on 14/3/2023
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1942 Five Pound Armitage/McFarlane R46 good VF 1942 Five Pound Armitage/McFarlane R46 good VF 1942 Five Pound Armitage/McFarlane R46 good VF $275.00
Last sold for this price on 24/2/2023
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1949 Five Pound Consecutive Pair Coombs/Watt R47 good EF 1949 Five Pound Consecutive Pair Coombs/Watt R47 good EF 1949 Five Pound Consecutive Pair Coombs/Watt R47 good EF $850.00
Last sold for this price on 5/3/2020
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1949 Five Pound Coombs/Watt R47 Fine 1949 Five Pound Coombs/Watt R47 Fine 1949 Five Pound Coombs/Watt R47 Fine $109.25
Last sold for this price on 19/4/2023
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1949 Five Pound Coombs/Watt R47 Uncirculated 1949 Five Pound Coombs/Watt R47 Uncirculated 1949 Five Pound Coombs/Watt R47 Uncirculated $2,250.00
Last sold for this price on 5/7/2020
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1949 Five Pound Coombs/Watt R47 Very Good 1949 Five Pound Coombs/Watt R47 Very Good 1949 Five Pound Coombs/Watt R47 Very Good $40.25
Last sold for this price on 23/3/2024
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1952 Five Pound Consecutive Trio Coombs/Wilson R48 Extremely Fine 1952 Five Pound Consecutive Trio Coombs/Wilson R48 Extremely Fine 1952 Five Pound Consecutive Trio Coombs/Wilson R48 Extremely Fine $1,500.00
Last sold for this price on 1/2/2022
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1952 Five Pound Coombs/Wilson R48 Extremely Fine 1952 Five Pound Coombs/Wilson R48 Extremely Fine 1952 Five Pound Coombs/Wilson R48 Extremely Fine $495.00
Last sold for this price on 12/11/2023
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1952 Five Pound Coombs/Wilson R48 Fine 1952 Five Pound Coombs/Wilson R48 Fine 1952 Five Pound Coombs/Wilson R48 Fine $75.00
Last sold for this price on 16/3/2024
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1952 Five Pound Coombs/Wilson R48 good EF 1952 Five Pound Coombs/Wilson R48 good EF 1952 Five Pound Coombs/Wilson R48 good EF $410.00
Last sold for this price on 13/6/2022
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1952 Five Pound Coombs/Wilson R48 Uncirculated 1952 Five Pound Coombs/Wilson R48 Uncirculated 1952 Five Pound Coombs/Wilson R48 Uncirculated $2,500.00
Last sold for this price on 10/2/2023
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1952 Five Pound Coombs/Wilson R48 Very Good 1952 Five Pound Coombs/Wilson R48 Very Good 1952 Five Pound Coombs/Wilson R48 Very Good $60.00
Last sold for this price on 22/4/2024
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1954 Five Pound Consecutive Pair Coombs/Wilson R49 good EF 1954 Five Pound Consecutive Pair Coombs/Wilson R49 good EF 1954 Five Pound Consecutive Pair Coombs/Wilson R49 good EF $325.00
Last sold for this price on 5/3/2020
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1954 Five Pound Coombs/Wilson R49 about EF 1954 Five Pound Coombs/Wilson R49 about EF 1954 Five Pound Coombs/Wilson R49 about EF $125.00
Last sold for this price on 29/5/2023
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1954 Five Pound Coombs/Wilson R49 good EF 1954 Five Pound Coombs/Wilson R49 good EF 1954 Five Pound Coombs/Wilson R49 good EF $76.00
Last sold for this price on 23/9/2019
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1954 Five Pound Coombs/Wilson R49 good VF 1954 Five Pound Coombs/Wilson R49 good VF 1954 Five Pound Coombs/Wilson R49 good VF $109.25
Last sold for this price on 2/6/2023
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1954 Five Pound Coombs/Wilson R49 PCGS AU50 1954 Five Pound Coombs/Wilson R49 PCGS AU50 1954 Five Pound Coombs/Wilson R49 PCGS AU50 $150.00
Last sold for this price on 9/12/2022
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1954 Five Pound Coombs/Wilson R49 Very Good 1954 Five Pound Coombs/Wilson R49 Very Good 1954 Five Pound Coombs/Wilson R49 Very Good $25.00
Last sold for this price on 20/4/2024
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1954 Five Pound First Prefix TA/00 Coombs/Wilson R49F good EF 1954 Five Pound First Prefix TA/00 Coombs/Wilson R49F good EF 1954 Five Pound First Prefix TA/00 Coombs/Wilson R49F good EF $20.00
Last sold for this price on 28/10/2019
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1960 Five Pound Consecutive Run of 4 Coombs/Wilson R50 EF 1960 Five Pound Consecutive Run of 4 Coombs/Wilson R50 EF 1960 Five Pound Consecutive Run of 4 Coombs/Wilson R50 EF $195.00
Last sold for this price on 1/3/2023
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1960 Five Pound Consecutive Run of 4 Coombs/Wilson R50 Good EF 1960 Five Pound Consecutive Run of 4 Coombs/Wilson R50 Good EF 1960 Five Pound Consecutive Run of 4 Coombs/Wilson R50 Good EF $600.00
Last sold for this price on 27/3/2023
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1960 Five Pound Coombs/Wilson R50 Fine 1960 Five Pound Coombs/Wilson R50 Fine 1960 Five Pound Coombs/Wilson R50 Fine $40.00
Last sold for this price on 5/4/2024
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1960 Five Pound Coombs/Wilson R50 good Fine 1960 Five Pound Coombs/Wilson R50 good Fine 1960 Five Pound Coombs/Wilson R50 good Fine $50.00
Last sold for this price on 7/5/2024
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1960 Five Pound Coombs/Wilson R50 PCGS AU55 1960 Five Pound Coombs/Wilson R50 PCGS AU55 1960 Five Pound Coombs/Wilson R50 PCGS AU55 $175.00
Last sold for this price on 13/12/2022
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1960 Five Pound Coombs/Wilson R50 Very Good 1960 Five Pound Coombs/Wilson R50 Very Good 1960 Five Pound Coombs/Wilson R50 Very Good $25.00
Last sold for this price on 22/4/2024
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