r44b – Mc66 # 1933 Riddle/Sheehan Five Pound Banknotes

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1933 Riddle/Sheehan Five Pound Banknote

White Face of King
r44b 1933 Riddle/Sheehan Five Pound Banknotes

ObverseGeorge V & Coat of Arms
ReverseCommerce Scene
SignatoriesE. C. Riddle, Governor, Commonwealth Bank of Australia
H. J. Sheehan, Secretary to the Treasury
Size180.34mm [width] 78.74mm [height]
CompositionPaper – 77 gsm
WatermarkHead of Edward, Prince of Wales, in centre oval
’FIVE’ behind each signature
Serial NumbersPrefix letter R over numeral
R/10 [start number unknown] to R/20 338000

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 modify the designs to show King George V on the front and a bas-relief panel on the back depicting ‘Commerce’. Other innovations were the addition of a circle in the lower center displaying the watermark profile of the Prince of Wales (later to become famous as the King who abdicated – Edward VIII).

Approximately 20,338,000 five pound notes were printed between 1933 and 1939 featuring the Riddle/Sheehan signature combination. Cross-hatching with red and green ink on approximately half of the notes produced a ’pink’ effect on the King’s face. On the remainder, lack of cross-hatching left the King’s face white.

Auction Prices
VGFineVFEFaUNCCFU
2014
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2017138

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updated: 14/09/2017