Australia 1879–1903 - Federal Bank of Australia, Limited £1 Sydney Specimen (Pick Unlisted)
The Federal Bank of Australia commenced operations in 1881 and expanded aggressively during the speculative land-boom years of the late nineteenth century. Its collapse during the catastrophic banking crisis of 1893 resulted in the rapid liquidation of assets and the withdrawal, redemption, and destruction of nearly all circulating notes. As a consequence, surviving material associated with the bank is almost entirely confined to printer’s proofs, archival specimens, and presentation examples retained outside Australia. Read more →