r44a – Mc65 # 1933 Riddle/Sheehan Five Pound Banknotes
Pink Face of King

r44a 1933 Riddle/Sheehan Five Pound Banknotes

Obverse George V & Coat of Arms
Reverse Commerce Scene
Signatories E. C. Riddle, Governor, Commonwealth Bank of Australia
H. J. Sheehan, Secretary to the Treasury
Size 180.34mm [width] 78.74mm [height]
Composition Paper – 77 gsm
Watermark Head of Edward, Prince of Wales, in centre oval
’FIVE’ behind each signature
Serial NumbersPrefix letter R over numeral
R/0 000001 to R/10 [last number unknown]

Notes : By introducing a ’legal tender’ status for issued banknotes, there was no longer a need for them to be redeemable in gold. The opportunity was taken with this change to modify the designs to show King George V on the front and a bas-relief panel on the back depicting ’Commerce’. Other innovations were the addition of a circle in the lower center displaying the watermark profile of the Prince of Wales (later to become famous as the King who abdicated – Edward VIII).

Approximately 20,338,000 five pound notes were printed between 1933 and 1939 featuring the Riddle/Sheehan signature combination. Cross-hatching with red and green ink on approximately half of the notes produced a ’pink’ effect on the King's face. On the remainder, lack of cross-hatching left the King's face white.

Valuation : r44a – Mc65 # Riddle/Sheehan Five Pound Banknotes

1998 250 5001000 200035004500
2003 350 7502000 5000750012500
2008 650 15004000 110002000037500
Auction Prices
2012 43760920005050  
2013    5592  
2014   [1210] 2500