5 Pounds

Australia's first government-issued banknotes — this series among them — were introduced under the Australian Notes Act 1910, which abolished the existing system of private bank currencies and replaced it with a unified Commonwealth issue. The 5 Pounds was among the higher denominations from the outset, primarily a commercial and banking instrument rather than everyday currency.

Catalog references listing Cerutty & Allen signature combinations for this pick are erroneous. No such pairing existed; the correct signature is Cerutty & Collins. Collectors should verify serial configurations — suffix-V notes appear under the Cerutty & Collins pairing, not the misattributed one. The distinction matters when attributing rarity across the signature varieties.