1932 One Pound Riddle/Sheehan R27B Uncirculated

1932 One Pound Riddle/Sheehan R27B Uncirculated. A superb crisp and original note issued during the depths of the Great Depression. Harry John Sheehan was appointed to the role of Commonwealth Treasury Secretary following the retirement of James Heathershaw on April 29th, 1932. These were challenging times for Australia - the Great Depression had taken grip of the national economy, driving unemployment and poverty to unforseen heights. Treasury's responsibilities to manage the national debt and credit were fundamental to ensuring that Australians were able to return to gainful employment as quickly as possible. A further however relatively minor complication following Sheehan's appointment was his concern over the size of his signature on the new notes. Sir Ernest Riddle had been the Governor of the Commonwealth Bank since 1927, and was highly regarded in his role. Sheehan was concerned that the appearance of their signatures on the new notes was not balanced, and instructed the staff of the Note Printing Branch to reduce the appearance of his own signature, so they appeared even and level. This particular note retains crisp and original paper - it is a complete marvel how an item with such high purchasing power during times of economic crisis can remain unhandled some nine decades after it was printed. Numismatic items such as this truly are blue-chip - their rarity and history is beyond question, when seen in such magnificent quality as this, they are keenly sought by discerning collectors on those few occasions they are offered on the open market. _gsrx_vers_841 GS 7.0.16 (841).

The item "1932 One Pound Riddle/Sheehan R27B Uncirculated" is in sale since Thursday, February 28, 2019. This item is in the category "Coins\Notes\Australian". The seller is "sterlingcurrencyau" and is located in Fremantle (WA). This item can be shipped worldwide.