U.S. Coin Price Guide

Coin Collecting

Buy Coin Supplies

One Thousand Dollar Discovery Note
By Spink

A unique discovery note will be auctioned by Spink’s in its Asian Banknote Sale to take place in Singapore on July 5th.

Sale 8014 Lot 0A: The $1000 “Government of the Straits Settlements” of 17 March 1911 has serial number A/1 000001. It is grey & black with crowned arms top centre flanked by a lion and a unicorn. The $1000 value in located in a black tablet at center of the note. The signatures of currency commissioners Brockman, Michell and David are visable and the notes value is also translated into four languages, English, Chinese, Malay and Arabic around the edges of the note.

The Straits Settlements were a collection of territories of the British East India Company in Southeast Asia, which were given collective administration in 1826 as a crown colony,They were distinct from the native princely states, some of which later formed the Federated Malay States.

Initially, the Straits Settlements consisted of Penang, sometimes officially named Prince of Wales Island, Singapore with about a score of islets of insignificant size lying in its immediate vicinity, the islands and territory of the Dinding, Province Wellesley, the town and territory of Malacca and the islands of Labuan.

The colony was dissolved in 1946, when Singapore became a separate crown colony (ultimately independent), while Penang and Malacca joined the Malayan Union, which eventually became Malaysia.

The note was discovered by the consignor with an envelope titled SPECIMEN/ON HIS MAJESTY’S SERVICE and listing the serial number of the note in ink.

The note was presumably taken off the top of the pile of the new issue of $1000 when they were delivered in 1911 and in the absence of a true specimen a note was required for reference purposes, the Number 1 being closest to hand. This example is an issued note but has been perforated and stamped SPECIMEN so the note could not subsequently be stolen or spent. This was a fairly common practice although obviously not often with notes of this magnitude.

The note is in VF condition. The paper still has good body and maintains its original appearance. The Spinks catalog estimate is $ 200,000-400,000

© 1992-2018 DC2NET™, Inc. All Rights Reserved