| Obverse |
Coat of Arms & George V |
| Reverse |
Pastoral Scene – Tending Sheep |
| Signatories |
E. C. Riddle, Governor, Commonwealth Bank of Australia
H. J. Sheehan, Secretary to the Treasury
|
| Size | 154.94mm [width], 81.28mm [height] |
| Composition | Paper – 77 gsm |
| Watermark | Head of Edward, Prince of Wales in left oval
’ONE POUND’ behind each signature |
| Mintage: | 271,372,000 |
Serial
Numbers |
Prefix letters L, M or N over numerals
L / 0 000001 to N / 71 372000. |
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 reduce the size of the note to a more
manageable size. Other innovations were the addition of an oval displaying the watermark profile of the Prince of
Wales (later to become famous as the King who abdicated - Edward VIII) , and another watermark - ONE POUND - behind
each signature.
Valuation : r28 – Mc44 # Riddle/Sheehan One Pound Banknotes
| Grading | VG | Fine | VF | EF | aUNC | CFU |
| 1998 | 25 | 50 | 100 | 250 | 500 | 750 |
| 2003 | 50 | 100 | 250 | 500 | 1,000 | 2,000 |
| 2008 | 150 | 300 | 700 | 2,000 | 3,500 | 5,500 |
| 2009 | | [$233] | | | [2,446] | [$5,941] |
Lots 158 and 159 at the International Auction Galleries Auction 68 held on 21st September, 2008
were pairs of r28 banknotes - graded UNC - which realised prices of $11,766 and $12,815.
Lot 160 at the International Auction Galleries Auction 70 held on 13th September, 2009
was a pair of r28 banknotes - graded UNC - which realised a price of $11,650
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