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George Shenton Unissued One Pound Trader's Note Ca 1865 Extremely Fine

George Shenton Unissued One Pound Trader's Note Ca 1865 Extremely Fine

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Product ID:
P-30040

An attractive example of this important and rare WA trader's note.

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$1,950
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Description:

George Shenton Unissued One Pound Trader's Note ca 1865 Extremely Fine


Only three examples of this important WA trader's note have turned up at auction over the past decade.

In West Australia, there are around nine private merchants that issued their own notes between the late 1800’s and the early 1900’s.

In terms of his influence on the colonial economy of Western Australia, George Shenton was arguably foremost among them, however his unissued one pound notes are the most affordable and accessible of all the private “shinplasters” issued in WA.

When we consider that only three examples of this important WA trader's note have turned up at auction over the past decade, that is quite remarkable.

A good amount of biographical information can be obtained online, needless to say he was a prominent businessman in the West Australian colonial economy right until his death in a shipwreck off Mandurah in 1867.

At the peak of the banknote market around 10 years ago, this note was trading for around $7,500.

While the market has undoubtedly eased since then, the rarity of this note has not diminished one iota. We believe it is excellent value for money at the current price.