1 Australian Pound (1938 – 1952 Series)

The 1 Australian Pound banknote issued between 1938 and 1952 belongs to the pre-decimal currency system used in Australia prior to the introduction of the Australian dollar in 1966. Produced by the Commonwealth Bank of Australia, this series represents a transitional era spanning the late interwar period, the Second World War, and the early post-war years. The note features traditional engraved artwork typical of British Commonwealth currency of the time, with highly decorative borders, formal typography, and allegorical imagery.

On the front of the banknote appears a portrait of King George VI, reflecting Australia’s constitutional ties to the British Crown during the period. The portrait is finely engraved with delicate shading around the uniform and facial features, framed by ornate scrollwork and patterned guilloché designs. The text Commonwealth of Australia spans the upper centre, while the promise This note is legal tender for one pound appears prominently in formal script across the middle. Signature panels for government officials sit beneath, and a large watermark panel occupies the left-hand side as a primary anti-counterfeit feature. The denomination is clearly displayed in each corner within elaborate cartouches.

The reverse features an agricultural pastoral scene showing a rural worker tending livestock, symbolising Australia’s agricultural economy at the time. Sheep and landscape elements are rendered in detailed engraving, surrounded by a complex decorative border that echoes the ornamental style of contemporary British banknotes. The green colour palette is restrained yet intricate, relying on layered linework rather than colour variation to create depth and texture.

As a withdrawn pre-decimal currency, the 1 Australian Pound (1938–1952) is no longer accepted by banks or standard exchange bureaux and is often discovered in inherited collections or long-stored travel souvenirs. If you hold old Australian banknotes and want a straightforward way to exchange leftover currency, our UK-based service provides a practical solution.

• Indicate the quantity of 1 Australian Pound banknotes you want to exchange

• Click the ‘Add to your account’ button

• Your online account now shows the exchange value

Many people inherit historic overseas banknotes that high-street providers cannot process due to withdrawal status or age. We exchange leftover currency for individuals, charities, and businesses across the UK, offering a trusted route to convert obsolete foreign banknotes into pounds securely and efficiently without needing a specialist collector or dealer.