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    Description

    Famed 50 Pound Rarity

    Australia Commonwealth of Australia 50 Pounds ND (1918) Pick 8c R67b PMG Very Fine 25.
    Highest denomination Australian banknotes are interesting and very rare. Surprisingly, their lifespan was much longer than some may realize, as their usefulness in daily transactions was minimal, which prolonged their tenure. This rare and desirable 50 Pound note, with no prefix but suffix Y, was first issued in 1924 and circulated along with previous and subsequent issues until approximately 1950. Despite the long lifespan, very few of these notes exist to be enjoyed today. The Commonwealth of Australia indicated that about 608,000 of these notes were printed and issued. All but 1,300 of that number were redeemed by 1950. Of the remaining 1,300, it is anyone's guess as how many many have been destroyed, lost, or forgotten in the last 70 years. This offered note is one of only a few known in the hobby and is an iconic rarity. A few pinholes and minor repairs are mentioned for accuracy. This is a key note for Australia.


    Estimate: $15,000 - up.

    Auction Info

    Proxy Bidding Ends
    October
    23rd Saturday 10:50 am CT
    Auction Dates
    October
    23rd Saturday
    Proxy Bidding Time Remaining
    4 Days 5h 13m 55s
    Bids + Registered Phone Bidders: 11
    Lot Tracking Activity: 28
    Page Views: 426

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    This lot is in: 1 - Heritage Signature® Auctions Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live):
    (Lots 28001-28550) - 11:00 AM Central Time, Saturday, October 23, 2021.
    (Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live starts 7 days before the live session begins and continues through the session.)

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    Additional Location Info:
    Heritage Auctions
    2801 W. Airport Freeway
    Dallas, TX 75261



    Current Bid:
    $20,000
    Bid Protection
    w/ Buyer's Premium (BP) : $24,000.00 Minimum Next Bid: $21,000 ($25,200.00 w/ BP)
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