Australia 1877 - Mercantile Bank of Sydney £1 Specimen (Pick Unlisted)
The Mercantile Bank of Sydney operated within Australia’s competitive pre-Federation private-bank system, where banks issued their own notes prior to the consolidation of authority under the Commonwealth in the early 20th century. Specimens from these institutions are extremely scarce, as most were kept in printer archives, lost through mergers, or destroyed when financial regulations tightened. No other examples of this £1 specimen have been found in PMG records, major Australian or international auction archives, or institutional collections. Read more →