Yesterday Today | Bank of New South Wales' five-pound note

By Alan McRae
September 30 2019 - 4:00am
IN THE MONEY: A Bank of New South Wales note issued on October 6, 1866. A note such as this would have circulated on the Turon goldfields.
IN THE MONEY: A Bank of New South Wales note issued on October 6, 1866. A note such as this would have circulated on the Turon goldfields.

THE first banknotes to circulate in the colonial days in Australia were issued by private banks. The Bank of New South Wales was the first after Governor Macquarie decided to form the financial institution. This week's image is a genuine Bank of New South Wales five-pound note that was issued on October 6, 1866, just one of a series of denominations issued by the bank.

Each individual note had its own individual serial number, in this case AA203884. It was issued in Sydney and signed by the bank manager and principal accountant, with each serial number entered into the notes issued register.

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