The Bank of England 10 shilling note is a classic and rare issue of currency. It’s a reminder of an era gone by and is highly sought after today by collectors. In this blog, we will delve into the design, worth and rarity of the Bank of England 10 shilling note. We will look at the history behind it, its current value, who created it and why it has become so collectible over time.
The Design of the Bank of England 10 Shilling Note
The design of the Bank of England 10 Shilling Note is simple yet elegant. The vignette of Britannia is a classic example of British iconography and the portrait of William Pitt conveys a sense of stability and trustworthiness. Furthermore, the note’s layout and font are timelessly beautiful, making it a true collector’s item.
The Bank of England 10 Shilling Note is one of the rarest and most valuable bank notes in circulation today. It was first issued in 1797 as a promissory note to pay the bearer on demand the sum of ten shillings.
The note was printed on both sides with a vignette of Britannia on the front and an oval portrait of William Pitt on the back. The face of the note also bears the text “Bank of England Ten Shillings” and “Pay to Bearer On Demand”.
The Worth of the Bank of England 10 Shilling Note
The Bank of England 10 Shilling Note was first introduced in 1960 and was in circulation until 1992 when it was replaced by the 5 Pound note. The 10 Shilling note featured a portrait of Queen Elizabeth II on the obverse and a view of Westminster Abbey on the reverse. The note was brown in colour and measured 135mm x 65mm.
Today, the Bank of England 10 Shilling Note is no longer in circulation but it still retains some value. Depending on its condition, a Bank of England 10 Shilling Note can be worth anywhere from £5 to £20. So if you have one of these notes sitting around, it might be time to check its value!
Today, there are only a handful of these notes still in existence and they are highly sought after by collectors. A genuine Bank of England 10 Shilling Note can be worth tens of thousands of pounds.
The Rarity of the Bank of England 10 Shilling Note
In 1928, the Bank of England released a new 10-shilling note as part of a redesign of all British currency. The new note was larger than the previous design and featured a portrait of King George V on the front and a view of Westminster Abbey on the back. This design was in circulation for just over a decade when, in 1939, the bank released a new 10-shilling note featuring a portrait of King George VI.
While King George V 10 shilling note is not rare, it is less common than its successor. According to estimates, there are about 60,000 King George V 10 shilling notes in circulation today. In comparison, there are approximately 150,000 King George VI 10 shilling notes in circulation.
The rarity of the King George V 10 shilling note makes it valuable to collectors. In good condition, these notes can sell for upwards of £100 (approximately $130). So, if you come across one of these old notes, you may want to hold onto it!
Is A Shilling Worth Anything?
A shilling is a coin used in the United Kingdom, and was also used in Australia, New Zealand, and other British colonies. It is currently worth 5p (pence) in the UK.
In Australia it was worth 12.5c (cent) but was withdrawn from circulation in 1966. In New Zealand it was also worth 12.5c but was withdrawn from circulation in 1967. There are 100 pence in a pound sterling.
The shilling is no longer in circulation in any of these countries, so its value is largely dependent on collectors and the current market for such coins.
10 Shillings – Elizabeth 2 Notes
The Bank of England’s shilling notes were introduced in 1960 and featured the portrait of Queen Elizabeth II on the front. The back design changed several times over the years, but the queen’s image remained on the front until the last shilling note was withdrawn from circulation in 1988.
Today, these notes are collector’s items and can be worth a significant amount of money, depending on their condition and rarity. For example, a used shilling note from 1960 with the queen’s original portrait could be worth anywhere from £5 to £50. A pristine note from 1988 with the final design could fetch up to £200.
Whether you’re interested in collecting Bank of England shilling notes or simply curious about their history and value, this guide will provide you with all the information you need.
Australian Ten Shilling Banknotes
In 1966, the Reserve Bank of Australia issued ten shilling banknotes. The notes were printed by the Reserve Bank Note Printing Department in Melbourne and had a portrait of Queen Elizabeth II on the obverse and a kangaroo on the reverse. The design also featured a watermark of Captain James Cook, which was first used on Australian currency in 1879.
The ten shilling banknote was introduced following the decimalisation of the currency in 1966, when Australia changed from the pound to a dollar system. The note was initially issued as part of the new currency’s first series, which also included five shilling, one and two dollar denominations. The ten shilling banknote ceased to be legal tender after 30 June 1983, when it was withdrawn from circulation due to high inflation and replaced with a twenty cent coin.
As of 2020, there are an estimated 3.7 million Australian ten shilling banknotes in existence. Most of these are held by collectors and institutions, with only a small number believed to remain in circulation. Given their rarity, Australian ten shilling banknotes are highly sought after by collectors and can command high prices at auctions.
What Does A 10 Shilling Note Look Like?
The 10 shilling note was introduced by the Bank of England in 1928 and was one of the first British banknotes to feature a portrait of the monarch on the front.
The note was printed on white paper and featured a portrait of King George V on the front and an image of Britannia on the back. The words “Bank of England” were printed across the top of the note, while the word “Ten” was written in both English and Welsh below the portrait of the king.
The serial number was printed in red ink on the left side of the note, while the date was written in black ink on the right side. The 10 shilling note ceased to be legal tender in 1961 when it was replaced bythe decimal five pound note.
When Did The Ten Shilling Note Finish?
The last series of shilling notes were issued in 1966, with the 10 shilling note ceasing to be legal tender in 1970.
The high value of the pound sterling meant that there was little demand for such high denomination notes, and so they were gradually phased out.
The last 10 shilling note was withdrawn from circulation on 11 November 1970.
What Is The Equivalent Of 10 Shillings Today?
The Bank of England stopped issuing shilling notes in 1963 as part of decimalisation, when the United Kingdom adopted a base 10 system for currency.
One shilling was equal to one-tenth of a pound sterling. In 1971, the UK switched to a decimal currency system, and the shilling was replaced by a five-pence piece (equivalent to 0.05 pounds sterling).
Today, there is no direct equivalent for the shilling currency. However, considering that one shilling was worth one-tenth of a pound sterling, it would be worth approximately 0.6p in today’s money.
Is A Shilling 10 Pence?
Yes, a shilling is 10 pence. The Bank of England released a new £10 note in September 2016, which features a portrait of Jane Austen on the back. The note is made of polymer, which makes it more durable and cleaner than paper notes.
How Much Are 10 Shillings In American Dollars?
Ten shillings is equal to 50 pence in British currency. One American dollar is equal to 0.77 British pounds, so 10 shillings are worth about $7.70 in American currency. The value of the banknote may be different depending on its design and rarity.
Conclusion
The Bank of England 10 Shilling Note is a rare and valuable collectable item. Its distinct design, made up of the words “Bank Of England” in large print on one side, makes it easily recognizable.
With its worth reaching almost £20 today, it’s no surprise that this note has become an incredibly popular item among collectors.
Whether you’re looking for something unusual to add to your collection or simply curious about its origins and rarity, the Bank of England 10 Shilling Note is an interesting piece with a definite place in history.
