1934 Riddle Sheehan Ten Pounds R57


1934 Riddle Sheehan Ten Pounds R57
1934 Riddle Sheehan Ten Pounds R57
COIN
1934 Riddle Sheehan Ten Pounds R57
QUALITY
Uncirculated
PROVENANCE
Private Collection Victoria
PRICE
$ 49,500
COMMENTS
This Ten Pounds banknote might have come off the printing press yesterday. It is that good. Yet it was printed in 1934, and there would have been a lot of temptation to use a ‘ten quid’ note before decimalisation in 1966.
STATUS
Sold November 2013
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This Ten Pounds banknote might have come off the printing press yesterday. It is that good.

Yet it was printed in 1934, and there would have been a lot of temptation to use a ‘ten quid’ note before decimalisation in 1966.

The note is crisp, the colours impactful and vibrant. And it is this supreme quality that offers the buyer the ultimate confidence. The ultimate faith in its investment potential.

Its quality is unbeatable. Only twelve or so examples survive in this original pristine condition from the three million originally printed.

It is this point that we invoke the question … where do you find a supreme quality rarity at this price level?

Pre decimal coins and pre decimal banknotes enjoy a shared history. Although pre decimal banknote collecting did not come to the fore as an area of investment interest until the mid to late 1980’s, quality pre decimal notes have quickly established themselves as a viable investment option for the collector who is looking for portfolio diversification. .

The George V 1934 Riddle Sheehan banknotes of £1, £5 and £10 introduced a new era in banknote design aimed at thwarting potential forgers. A press release in early October 1934 stated that new design features would include effective watermarks, intricate and delicate engraving and anti-photographic colour printing.

Other innovations were the addition of a circle in the lower centre displaying the watermark profile of the Prince of Wales (later to become the King who abdicated – Edward VIII).

Past performance of investments and other financial matters is no indication of future returns or performance .

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