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1914-24 Collins/Allen One Thousand Pound Note |
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Valuation :
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| Very Good | Fine | Very Fine | Extra Fine | Almost Uncirc. | Crisp Flat Uncirc. | |
| 2002 | 100,000 | 145,000 | 195,000 | 250,000 | 285,000 | 325,000 |
Notes:
This note features a mob of sheep on the back, the same design used on the fifty pound note reverse.A total of 88,585 Collins/Allen Thousand Pound Notes were printed. 52,600 are believed to have been released. They were available to the public until June, 1915. At that time, Denison Miller, Governor of the Commonwealth Bank advised Secretary of the Treasury Allen that there were 'enormous risks' arising from differences in colour, size and paper quality which offered little safeguard against forgery. His words were heeded and soon the notes ceased to circulate, to be used exclusively for the banks for exchange between themselves.
A check in 1921 revealed that several hundred noted were unaccounted for. By 1931, this number had fallen to 66. Most of the notes were destroyed in 1969. None are known in private hands, which relegates the values stated above to no more than conjecture. Cancelled specimens exist in a number of museums. There are reports that in September, 1964, a £1000 note was donated to Reverend Sir Irving Benson of the Methodist Central Mission. Although unconfirmed, it is said to have been acquired by a private Melbourne collector.
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