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1928 Ten Shilling Riddle/Heathershaw R7 Very Fine

1928 Ten Shilling Riddle/Heathershaw R7 Very Fine

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Great body with firm paper, a natural example.

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TEN SHILLING 1928 Riddle/Heathershaw Very Fine

Great body with firm paper, a natural example.

Most collectors working towards a type set of Australian pre-decimal ten shilling notes start at the easiest end and work back – from the more readily available Queen Elizabeth (QEII) notes issued in the 1960’s to those issued before World War I.

The first really tough note these collectors come across is the Gold Bearing ten bob of the 1920’s – all of the QEII and King George VI notes can be sourced with patience, while the total number of Gold Bearing notes is so small that some collectors will take them in any condition they can get.

Internal records held by the Commonwealth Bank showed that as of October 1945, 99.69% of all of the Gold Bearing ten shilling notes ever printed had been destroyed - we can only imagine just how few have survived the seven decades that have passed since then.

The first thing a collector notices when they handle a Gold Bearing Ten Pound note is the light texture of the paper - they were printed on paper with a 1,500 MDF rating. KGVI notes had a 2,500 MDF rating, while our paper decimal notes had a 3,150 MDF rating.

These technical figures clearly show that the Gold Bearing notes were half as strong as our decimal notes. When we consider that most decimal notes lasted for less than 2 years, we understand why there are so few Gold Bearing notes around today in decent quality.