Saturday, March 13, 2010

Proof Banknote

By now, we should be able to understand the characteristic of specimen banknote which we have discussed earlier. Another type of banknote - proof banknote. What is this proof banknote? Perhaps the proof coin sounds much familiar to many collectors. Is there a proof banknote?

Yes. Proof banknotes were generally used to test run the printing plates and designs. They were normally printed in single face and without any serial numbers or signatures. Unlike specimen banknote, proof banknotes were mounted on cardboard for stability in working their way through the approval process. Another characteristic of this note is that the mounted note usually had printer's notations written in pencil at the bottom or backside.

A sample of Proof Banknote. This is a Treasury note $10 proof mounted on a card. Printed in black and white. Noted the notation by pencil written May 1880 at low centre margin.

Wednesday, March 10, 2010

Straits Settlements $1 Note 1906

This is a Straits Settlements $1 note issued during the reign of King Edward VII (1901 to 1910). It was dated 1 September 1906 and was printed by the London firm of Thomas De La Rue & Co. Ltd. There are few different types of this $1 Straits Settlements note issued during the reign of King Edward II and King George (1910 to 1936). This particular one that posted below is the earliest type of $1 Straits Settlements note. Comparing to other issuance of $1 Straits Settlement notes, this type of $1 note was printed without figure "1" on the both sides of "One Dollar" of the obverse.

Kelvin Cheung owns this piece of note which he bought it from a banknote fair in Europe. Any one has any idea on the value of this note? One thing to note is that the note is graded low with a few holes internally from excessive folding.

$1 Straits Settlement note printed in 1906. Collection of Kelvin Cheung.