The 1918 Commonwealth of Australia One Pound banknote signed by James Cerutty (Assistant Secretary to the Treasury) and James Collins (Secretary to the Treasury) is a significant early issue in Australia’s paper currency history. Printed by the Government Printer in Melbourne, this note belongs to the third signature pairing used on the One Pound denomination.

The design features the Australian Coat of Arms at centre, flanked by intricate lathework patterns intended to deter counterfeiting. The reverse carries a geometric design with “ONE POUND” boldly displayed.

These notes were issued during a time of post–World War I economic adjustment, making them important both numismatically and historically. While millions were printed, few survive in high grade due to heavy circulation, as the One Pound represented a substantial sum in everyday transactions.

Grade: Very Fine 20

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