As a result of the Great Depression, Australia abandoned the Gold Standard, with one consequence being that banknotes were no longer redeemable in gold.
These notes were now guaranteed by the Commonwealth, and formed what is known as the ‘Legal Tender Series’. Notable as the last George V £1, we have the first Legal Tender £1 note in superb about Uncirculated condition!
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https://www.downies.com/1933-1-r28-riddle-sheehan-legal-tender-about-uncirculated222361933 £1 R28 Riddle/Sheehan Legal Tender about Uncirculatedhttps://www.downies.com/media/catalog/product/a/h/ah510_2_.jpg17501750AUDInStock/Collectables/Banknotes/Australian Banknotes/Predecimal Banknotes/Monthly Catalogues/Archive/Notable Notes/Collectables/Banknotes/Australian Banknotes/Collectables/Banknotes/Notable Notes<ul>
<li>First note of the Legal Tender Series, issued as Australia began to recover from the Great Depression</li>
<li>The 1933 £1 Riddle/Sheehan was the very last of its denomination issued during the reign of King George V</li>
<li>Two notes available, graded in about Uncirculated quality</li>
</ul> <p>As a result of the Great Depression, Australia abandoned the Gold Standard, with one consequence being that banknotes were no longer redeemable in gold.</p>
<p>These notes were now guaranteed by the Commonwealth, and formed what is known as the ‘Legal Tender Series’. Notable as the last George V £1, we have the first Legal Tender £1 note in superb about Uncirculated condition!</p>00https://www.downies.com/media/catalog/product/a/h/ah510_1.jpgadd-to-cartcountryofissue:AustraliaAustraliaR28Paper£1About UncirculatedCommonwealth Bank of Australia
