1936 Ten Shilling Riddle/Sheehan R11 Extremely Fine
We Last Sold This Item For: | $1,250.00 |
---|---|
Last Sold On: | 16/7/2022 |
# Sold In Past 12 Months: | 0 |
1936 Ten Shilling Riddle/Sheehan R11 Extremely Fine
Front: George V at right, watermark pane at left
Back: Manufacturing scene in bas-relief at centre, denomination at left
Period on Issue: March 19th 1936 ~ April 1939
Mintage: 98,120,000
This Depression-era ten-shilling note has great paper and minimal folds.
The Great Depression of 1929 brought about the end of the gold standard in Australia - all notes became "Legal Tender", meaning they couldn't be redeemed in gold coins at the Commonwealth Bank (the equivalent of the Reserve Bank back then).
The ten-shilling was the first "legal tender" denomination introduced into circulation (July 17th, 1933), and within a month there was an outcry - some members of the general public were confusing them with the £1 notes of the same basic design and size.
Losing ten bob then was a big deal - most people were lucky to have a job at all and it was equivalent to about half a day's wages.
To fix the problem, the government decided to print "TEN SHILLINGS" in red ink in the top, left and right borders, and they were introduced on April 13th, 1934.
This still wasn't a big enough difference for some, so the intaglio colour was changed to vivid orange in March of 1936.
Not only was the mintage of this note extremely low, but they also had such high purchasing power that most people had to spend them - they are nearly all seen in fairly low grade.
Click the PCGS icon below to verify the certificate details for this coin directly on the PCGS website.
PCGS Certificate Number: 43703135
SKU: 2373
Browse our catalog of Ten Shillings below:
I've taken my coins to Andrew a few times. Him and his staff are very nice people. Andrew is honest and down to earth. 👍
I have purchased several bulk lots of world coins from Sterling & Currency over the last few years. Read more...
I live on East Coast but prefer dealing with Andrew on the West due to his integrity, knowledge and prices, Read more...
Just purchased a 1966 blue case decimal mint set. Andrew gave me a ring to ensure it had arrived and provided Read more...
The team at Sterling & Currency is a family affair – small but growing. Andrew Crellin is the main dealer in the business, click here to read this credentials and how he started with the Perth Mint; spent a decade in Sydney working with two leading dealers and relocated back to Perth in 2006.
Jo is our budding Numismatist, Chief Event officer, Photographer and Packing Extraordinaire. Natalie is our media creator and photographer. Nicole manages the accounts and is part of the Packing Team. A myriad of important duties are carried out by the team that include photography, website updates, office admin, and chocolate eating.
Ruby the Ridgeback quite frankly has learned nothing about coins, however contributes by barking at anyone wearing hi-viz.
We're Always Buying!
We need to buy tens of thousands of dollars worth of coins and notes each and every week of the year.
If you'd like to turn all or part of your collection into cash, get in touch with our expert staff and we'll be happy to start working on a deal with you.
Australian Gold Coins
We have extensive experience in handling all Australian gold soveriegns and halves, from the Adelaide Pounds of 1852 right through to the last coins of George V of 1931. All of the Australian gold coins in our online shop are described in detail with high resolution images.
Coins
At Sterling & Currency, we specialize in handling Australian coins dating from our nation's settlement in 1788 through to the introduction of decimal currency in 1966. We have an extensive range in our online store of Australian gold, copper and silver coins.
Decimal Coins
The Australian proof and UNC coins struck by the Perth Mint and the Royal Australian Mint are the most accessible coins available to collectors today. If you're not able to find a particular coin that you're keen to add to your collection, let us know and we'll be contact you when it becomes available.