Queensland, Australia. The Rare Coin Company is poised to set yet another world record when it bids to acquire the very first Australian Commonwealth Banknote ever printed, the 1913 Ten Shilling note.
Rob Jackman, the Company’s founder will attend the International Auction Galleries auction at the Sofitel Hotel Gold Coast in Queensland on Sunday 9th of March 2008 from 3pm. It is estimated that the banknote is valued at $1.3 to $1.4 million dollars and that the auction will attract a number of major coin dealers and private collectors.
If successful, this will be the second time in less than four months that The Rare Coin Company has set a new world record for the price paid for an Australian banknote at public auction. In November 2007, the Company paid $1,223,250 dollars for an Australian 1924 George V One Thousand Pound banknote, which was sold at auction by Nobles Numismatics in Sydney.
Further background information about the 1913 Ten Shilling banknote
On the 1st of May 1913 the first official Commonwealth banknote was printed with a number of important personages in attendance, including Andrew Fisher, The Governor of the Commonwealth Bank Dennison Miller, the Governor General Thomas Denman, and the Lord Mayor of Victoria. A quick demonstration of the printing process was followed by a ceremony where the first banknotes were then produced by a hand numbered machine press.
The Governor General’s daughter, Judith, was then involved in operating the lever of the hand press to produce the first Australian Banknote, with the serial number M000001, and was subsequently presented with this important note. Thomas Denman and his family returned to England upon the completion of his term, and the note then remained with the family’s descendants until it was returned and sold in Australia in 2000 by Mr. Barrie Winsor. The note is still in its original Government House envelope, inscribed in old ink “Judith’s 10/- Note, May 1st 1913”.
Further Information about The Rare Coin Company
The Rare Coin Company is an Australian owned business which was originally established in 1982 in Albany Western Australia. Over the years the company has undergone many stages of development to emerge as one of Australia’s leading numismatic specialty firms today.
The Rare Coin Company prides itself on specializing in Australian numismatic rarities for a discerning collector and investor market both in Australia and internationally. The company has offices in Albany (head office), Perth and Sydney with consultants travelling extensively interstate and overseas promoting Australia’s numismatic market.
The aim of The Rare Coin Company is to create wealth and security for collectors and investors through the astute acquisition of genuinely rare and superbly preserved Australian coins and banknotes. Through our many years experience, our experts know the market well and are able to direct clients as to the areas with the best investment potential. The company stands behind the rarities it provides with an officially signed certificate guaranteeing authenticity and future liquidation.