ref: 18 11 2016
FANTASTIC FRIDAY OFFER
NOT OFTEN FOUND
A CHOICE NUMISMATIC GEM
POSTMUS BANKNOTES WITH THE EXPERIMENTAL METALLIC SECURITY THREAD
PREFIXED: A 78 DATED: 19 SEPTEMBER 1938
UNIQUE BANKNOTES
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1938
GOVERNOR J POSTMUS
ONE POUND BANKNOTE
FIRST ISSUE - WITH METALLIC SECURITY THREAD
GRADE: VF / VF +
CIRCULATION NOTE
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plus
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1938
GOVERNOR J POSTMUS
ONE POUND BANKNOTE
FIRST ISSUE - WITH METALLIC SECURITY THREAD
GRADE: UNCIRCULATED
SPECIMEN NOTE
Actual coins and multiples where applicable - coin image may be generic where necessary
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1938 - GOVERNOR J POSTMUS FIRST ISSUE SOUTH AFRICAN RESERVE BANK ONE POUND NOTES
During the course of the circulation of the 1938 banknotes, it was decided to introduce a 0.5mm imbedded metallic security thread, as seen on the far left of the note when looking at the obverse of the note, or on the far right when viewing the reverse side of the banknote. This was the only series, of the year 1938, that the metallic security thread had been used on the notes.
Appointed as second Governor of the South African Reserve Bank. J Postmus had already proved to be a leader in South African banking at an early stage in his career, and was one of the Reserve Bank's first Directors in 1921 as one of the representatives of the commercial banks. Part of his term of office coincided with a turbulent period in South Africa's economic history, including the question surrounding the return to the gold standard and its eventual abandonment. During the middle part of his Governorship, world events led to the Second World War which lasted until his retirement in 1945
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MARKET VALUE AROUND R 30 000 FOR THE BANKNOTE AND THE SPECIMEN
A CHOICE NUMISMATIC OFFER FOR BOTH THESE BANKNOTES - NOW ONLY
R 25 000
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