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10 Pounds
| Issuer | Bank of New South Wales |
|---|---|
| Year | ND (1910) |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Pound sterling (1694-date) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Plain cream-white reverse with a simple rectangular orange-brown border frame. Four oval guilloche medallions are positioned one at each corner, and a large central octagonal panel carries the word 'TEN' in bold serif capitals, all printed in a single orange-brown tone without further ornamentation. |
| Reverse lettering | TEN |
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| Comments |
The Bank of New South Wales was a private trading bank, not a central authority — it issued its own notes under the right granted to Australian banks before the Commonwealth Bank Act of 1911 effectively ended private note issue by imposing a prohibitive ten-percent tax on such circulation. This note predates that legislation by a thread, placing it among the last generation of privately issued Australian banknotes.
Ten-pound denominations from this period were working instruments of commerce, not retail currency — used for interbank settlement and large mercantile transactions. Survival rates are accordingly poor; high-value notes were redeemed, cancelled, and destroyed with far greater efficiency than lower denominations.