Malaya Board of Commissioners of Currency 1 Dollar 1.1.1940 Pick 4b KNB3a PMG Extremely Fine 40. The ill-fated green $1 was printed by Waterlow & Sons in huge quantity, but it was simply not meant to be. Notes were shipped to Singapore and Penang in batches, and two of these merchant ships carrying the paper notes were sunk. However, the batches that did arrive safely were not issued due to the Japanese invasion of Malaya. One brick of 1,000 notes disappeared, while others were stolen by the Japanese, and still others were destroyed to protect the integrity of the Board of Commissioners of Currency. Amazingly, some notes found their way into circulation, and some were sea salvaged by fisherman. At the time of cataloging, only 33 examples have been graded by PMG. Only one grades higher than this example. A rusty pair of staple holes are mentioned for accuracy. This extremely rare type never officially entered into circulation.

HID09801242017

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