1916 Cerutty/Collins Specimen Five Shillings Note
Obverse:George V.
Reverse:FIVE SHILLINGS within complex pattern.
Signatories:C. J. Cerutty, Assistant Secretary
Jas. R. Collins, Secretary to the Treasury.
Size:128.00mm (width), 69.00mm (height).
Composition:Paper.
Watermark:None.
Serial
Numbers:		None.

Valuation :
1916 Cerutty/Collins Specimen Five Shillings Note

Very
Good		FineVery
Fine		Extra
Fine		Almost
Uncirc.		Crisp Flat
Uncirc.
200257,500

Notes:

The Five Shilling note was proposed during World War I as an alternative to the silver coinage then in use. 1,020,000 notes were printed in 1916 but signatures were not added until 1918 when Cerutty and Collins held the top Treasury jobs. The issue, which was to circulate without serial numbers, was abandoned in 1920 only weeks before the notes were due for issue when the price of silver fell.

All stocks were destroyed in 1936 with only 10 specimen copies being retained for archival purposes. In 1993, four more notes reached the marketplace, the property of a descendant of C. J. Cerutty, one of the signatories appearing on the note.

Website Design by AG Photography & Design
Material by Coinweb, Copyright © 2001-07 Australian Stamp & Coin Co Pty. Ltd.     Last modified: 05 December, 2007