New Zealand 1930 5 Pound Unissued Specimen Note Pick#235 good EF
We Last Sold This Item For: | $3,000.00 |
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Last Sold On: | 18/8/2021 |
# Sold In Past 12 Months: | 0 |
New Zealand 1930 5 Pound Unissued Specimen Note Pick#235 good EF
Serial Number: A513 000
Front: King Tawhiao at left, denomination at right and in corners
Back: 3 circular vignettes within ornamental designs
Prepared just prior to the formation of the Reserve Bank of New Zealand.
It was the early 1930s before a centralised currency was issued in New Zealand. This shift came about for two independent reasons.
British coinage was still widely circulating in New Zealand, and the devaluation of the New Zealand pound versus the pound Sterling made it possible for any individual to profit simply by sending coins to England.
The Coinage Act 1933 therefore authorised New Zealand’s first local coinage.
At the same time, long-standing efforts to create a Reserve Bank came to fruition and the following year the first centrally-issued notes were authorised by the Reserve Bank Act 1934.
This particular specimen note retains crisp and original paper, and has one sharp crease through the body.
It remains a superb representation of the very last notes prepared for New Zealand just prior to the formation of the RBNZ.
SKU: 207841
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