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10 Pounds Bank of New South Wales
| Issuer | Bank of New South Wales |
|---|---|
| Year | 1870-1890 |
| Type | Log in to see details |
| Value | 10 Pounds |
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| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Central vignette at top depicts a seated allegorical female figure accompanied by a cornucopia, with sheep and a sailing ship visible in the background. The note carries a text panel below with the promise-to-pay inscription and denomination in full. Engraved in the intaglio style characteristic of Perkins, Bacon & Co. productions of the period. |
|---|---|
| Obverse lettering | NEW ZEALAND BANK OF NEW SOUTH WALES ON DEMAND I PROMISE TO PAY TO THE BEARER TEN POUNDS STERLING FOR THE BANK OF NEW SOUTH WALES TEN NEW ZEALAND |
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| Comments |
The Bank of New South Wales — founded in 1817 and the oldest trading bank in Australia — relied on Perkins, Bacon throughout much of the nineteenth century for its private banknote production. The firm's steel intaglio process was specifically chosen because its fine-line engraving was notoriously difficult to counterfeit, a real concern in colonial New South Wales where official oversight of private bank issuance was inconsistent at best.
The twenty-year date span reflects the long uninterrupted run of this series rather than any reissue or design change. High-denomination private banknotes of this period rarely circulated hand-to-hand — £10 represented roughly two months' wages for a laborer — and survivors typically show light wear or none at all.