One pound 1913 to 1923 - Price guide and values
In 1914-15, a note was made as an interim emergency issue, printed at the Government Printing Office by the Government Stamp Printer, to meet the large demand for banknotes generated during the early years of World War I. It was known as the 'rainbow note' because of the colours in the design which merged from light blue ends through green to bright orange in the centre of the front. On the back, this colouring was reversed.
The paper used to print these emergency notes varied. Apart from the normal 'SOVEREIGN' watermark, notes are know with watermarks of 'COWANS', 'RECORD' and 'ORIGINAL', some with the additional words 'BRITISH MADE'. Some notes do not have a watermark, while on others, the watermark is upside down.
The simple printing technique used made the note easy to counterfeit. As a result, it had only a short print run between late 1914 and early 1915. Approximately 4,000,000 emergency rainbow notes were issued and subsequently, rapidly withdrawn by the Treasury.
You can see the list of signatures on australian banknotes. To help you to know the meaning of grades such as G, VG, F, VF, EF, AU, UNC, etc., you can jump to the grading section. View the average prices of certified banknotes sold at auctions.
Collins-Allen
- Circulated
- Uncirculated
| Varieties | AG-3 | G-4 | VG-8 | F-12 | VF-20 | EF-40 | AU-50 |
|---|---|---|---|---|---|---|---|
| Prefix P - Red small serial | - | - | $8,800 | $9,900 | $30,500 | $72,600 | $97,800 |
| Prefixes R and S - Blue small serial | - | - | $1,620 | $3,130 | $8,600 | $17,500 | $25,500 |
| Prefix Q - Blue small serial | - | - | $1,620 | $3,130 | $6,300 | $17,500 | $25,500 |
| Prefix T - Blue small serial | - | - | $1,800 | $3,830 | $10,400 | $20,500 | $29,500 |
| Prefix T - Black large serial | - | - | $3,380 | $5,900 | $8,800 | $20,800 | $27,500 |
| Suffixes B to S - Black large serial | - | - | $968 | $2,120 | $7,200 | $12,300 | $16,500 |
| Suffix A - Black large serial | - | - | $1,150 | $2,360 | $8,100 | $14,100 | $19,300 |
| Suffix T - Black large serial | - | - | $1,080 | $2,230 | $7,700 | $13,100 | $17,800 |
| Prefix A suffixes C to O | - | - | $1,190 | $2,070 | $5,400 | $10,900 | $15,800 |
| Prefix A suffix B | - | - | $1,330 | $2,230 | $5,700 | $12,300 | $18,300 |
| Prefix A suffix P | - | - | $1,400 | $2,480 | $6,100 | $13,000 | $19,300 |
| Varieties | UNC-60 | UNC-62 | CUNC-63 | CUNC-64 | GUNC-65 | GUNC-66 | GUNC-67 |
|---|---|---|---|---|---|---|---|
| Prefix P - Red small serial | $118,300 | $131,800 | $138,800 | $165,000 | $191,300 | - | - |
| Prefixes R and S - Blue small serial | $39,300 | $48,300 | $53,000 | $72,800 | $92,500 | - | - |
| Prefix Q - Blue small serial | $39,300 | $48,300 | $53,000 | $72,800 | $92,500 | - | - |
| Prefix T - Blue small serial | $44,000 | $53,600 | $58,500 | $82,400 | $106,300 | - | - |
| Prefix T - Black large serial | $46,300 | $58,600 | $65,000 | $91,300 | $117,500 | - | - |
| Suffixes B to S - Black large serial | $20,600 | $23,300 | $24,800 | $33,500 | $42,300 | - | - |
| Suffix A - Black large serial | $23,000 | $25,500 | $26,800 | $36,500 | $46,300 | - | - |
| Suffix T - Black large serial | $21,800 | $24,400 | $25,800 | $34,800 | $43,800 | - | - |
| Prefix A suffixes C to O | $20,400 | $23,400 | $25,000 | $35,600 | $46,300 | - | - |
| Prefix A suffix B | $23,700 | $27,200 | $29,000 | $38,500 | $48,000 | - | - |
| Prefix A suffix P | $25,300 | $29,200 | $31,300 | $41,800 | $52,300 | - | - |
Average prices of certified One pound 1913 to 1923 Collins-Allen sold at auctions
Cerutty-Collins
- Circulated
- Uncirculated
| Varieties | AG-3 | G-4 | VG-8 | F-12 | VF-20 | EF-40 | AU-50 |
|---|---|---|---|---|---|---|---|
| Prefixes A to E and suffixes E to B | - | - | $608 | $970 | $2,180 | $5,400 | $9,500 |
| Prefix A and suffix D | - | - | $810 | $1,330 | $3,830 | $9,800 | $15,300 |
| Prefix E and suffix C | - | - | $788 | $1,370 | $3,560 | $9,000 | $14,000 |
| Varieties | UNC-60 | UNC-62 | CUNC-63 | CUNC-64 | GUNC-65 | GUNC-66 | GUNC-67 |
|---|---|---|---|---|---|---|---|
| Prefixes A to E and suffixes E to B | $15,300 | $19,000 | $21,000 | $26,800 | $32,500 | - | - |
| Prefix A and suffix D | $20,100 | $23,300 | $25,000 | $34,400 | $43,800 | - | - |
| Prefix E and suffix C | $18,800 | $21,900 | $23,500 | $31,100 | $38,800 | - | - |
Average prices of certified One pound 1913 to 1923 Cerutty-Collins sold at auctions
Last update : Wednesday, June 4, 2025
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