1 Pound

The Bank of New South Wales was the oldest trading bank in Australia, established in 1817, and by 1910 was still issuing its own notes — a practice that would survive until the Commonwealth Bank gradually absorbed private note issue rights, finally ending with the Australian Notes Act of 1910, which in fact made Commonwealth notes the only legal tender. Notes already in private bank circulation were allowed to run down gradually rather than being recalled outright, which means surviving 1910-dated examples exist in an ambiguous legal-historical position.

Pick A5 is poorly documented in most standard references, and confirmed examples are genuinely rare in any condition.