Q u alit y Coins and Bank n o t e s
September 2009
A Unique Discovery! Previously Unknown Decimal Specimen Note Set Emerges onto the Market for Private Sale for the Very First Time presenting the 1985 Johnston / Fraser Type 4 Decimal Specimen Note Set in Official Presentation Booklet
A Supreme Opportunity for Buyers of Immensely Important Numismatic Rarities { See Centre Spread for more details } Also inside this issue: Extremely Rare Pre-Federation Banknotes, High Performing Pre-Decimal Banknote Rarities, Magnificient Australian Commonwealth Coins, Scarce and Rare Paper Decimal Specimen Banknotes, Very Rare Polymer Specimen Banknotes, Pre-Federation NZ Colour Trial and Printer’s Proofs, Superb Australian Commonwealth Coins, Slabbed Proclamation Era Coins, A Large Range of World Polymer Collectables plus the latest Mint releases!
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How to Contact Us We provide our clients with seven simple contact options:
Office and Showroom: Visit our offices and showrooms located in Albany and Perth or arrange an appointment at our Melbourne or Sydney offices. (See back of catalogue for details)
Personal Consultation: We have consultants available to meet with you in our Perth, Albany, Melbourne and Sydney premises. Alternatively, you can arrange for a consultant to visit your home, office or a place of your choosing.
Online:
www.rarecoin.com.au
Visit us online 24 hrs a day, 7 days a week.
Mail: Complete the enclosed mail order form and post it to: The Rare Coin Company PO Box 829 Albany WA 6331
Phone:
Order Hotline: 1800 641 633 (Aust. only) Orders taken from 9am to 5pm WA time, Monday to Friday.
Fax:
Mail Order Direct: (08) 9842 6273 Complete the enclosed mail order form and fax it to the number shown above.
W
Our main feature in this month’s issue is a unique find in Australian decimal Specimen notes, comprising an official booklet housing twelve Specimen overprinted banknotes all bearing the signatures of Johnston / Fraser and accompanied with a letter of recognition to J. James from the Governor of The Reserve Bank of Australia. This booklet is a previously unknown presentation and its entry onto the market for the first time marks a significant occasion in Australian numismatics. The Rare Coin Company is extremely proud to have the opportunity to offer this highly important numismatic acquisition to our valued clients and we are extremely excited about its future potential on the investment scene. See full details of this exclusive offer on pages 10 and 11. The Specimen note booklet is also part of our main feature on Australian decimal Specimen notes, with emphasis on their rarity and strong historical market performance. Decimal Specimens have achieved impressive growth in recent decades as buyers have turned their attention to the limited availability and significance of this area of the market. Today, Specimen issues continue to represent excellent growth potential to astute collectors when available, maintaining their dominant position in Australia’s numismatic investment arena. We have acquired a choice selection of very rare Specimens in various types to offer this month and recommend this area of the market as a most worthwhile proposition for buyers seriously looking to add diversity and potential to their portfolio.
Email:
enquiries@rarecoin.com.au Send your enquiry or order to the email address as above.
‘Colonial Banknotes Firmly Cementing their Position in the Market, Now a Force to Be Reckoned With’
elcome to September’s edition of Essentially Money where we’re pleased to bring you a stellar collection of coins and banknotes for your collecting and investing pleasure.
Whether profit motivated or simply a passionate historian dedicated to acquiring and preserving an extraordinary and beautiful piece of Australia’s heritage, quality rare Pre-Federation banknotes have the ability to meet all your expectations. Past price performance and sustained growth, rarity and quality, combined with a marked increase in interest in this area of rare banknote trading, has seen Pre-Federation banknotes achieve excellent returns and great respect in the numismatic industry.
Robert & Barbara Jackman managing directors
Other features in this month’s issue include very rare pre-decimal consecutive pairs in premium condition. Australian Commonwealth sets and pairs are in high demand and increasingly difficult issues to come by, so if this is an ideal opportunity for you, don’t hesitate on these beauties. Also included are rare and prized Australian and New Zealand Colonial banknotes and rare quality Australian pre-decimal coinage. A host of superb collectable coin and note issues this month includes a scarce and tempting selection of world polymer banknotes and scarce quality proclamation coinage for collectors building specialised collections. Exciting new releases from The Perth Mint this month will also no doubt attract strong collector interest, so we trust that you will take advantage of our special September edition. As always, we welcome the opportunity to catch up with clients in person so keep watching to see when we are in your area next. Whether you are buying, selling or seeking numismatic advice, the team always enjoy the opportunity to say hello.
Shows & Events in September & October 2009 Melbourne Trading and Investing Expo
Singapore Coin Fair
Showcasing Numismatic Investment Opportunities
Showcasing Numismatic Investment Opportunities
Friday 16th, Saturday 17th and Sunday 18th October
Geraldton, WA - Tuesday 8th to Thursday 10th September
Melbourne, VIC - Friday 2nd and Saturday 3rd October
Venue and Times to be announced
Paelsart Room, Ocean Centre Hotel, Cnr Foreshore Dr & Cathedral Ave
Stand 66 Melbourne Exhibition & Convention Centre, Clarendon St, Southbank
The Rare Coin Company will be presenting a range of numismatic issues.
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The notable rarity and condition of this banknote domiciled in Adelaide is sure to entice connoisseurs of distinctive colonial rarities. Banknotes issued by private trading banks between 1817 and 1910 were intended to be expendable, so it seems amazing that any could have survived in such fine condition after 136 years.
1873 The National Bank of Australasia Five Pound Issued Note Domicile: Adelaide Cat Ref: MVR2c Grade: good Fine
Extremely Rare
Price: $65,000
Liquidation Guarantee
Only Seven Examples Known to Exist! Printed in strictly limited numbers and presented in such fine condition adds to this note’s exceptional growth potential. Issued by a private trading bank that was short-lived due to the 1893 banking crisis, this beautifully preserved ‘specimen’ presents investors and collectors with a tremendous tangible asset and exclusive ownership of an item of immense historical and numismatic importance.
1877 The City of Melbourne Bank Ltd Five Pound Specimen Note Domicile: Melbourne Cat Ref: MVR1 Grade: about Uncirculated
Extremely Rare
Price: $38,500
Liquidation Guarantee
Only Three Examples Known to Exist!
Geraldton Grand Coin and Banknote Show
Tues / Thurs : 9.00am - 5.00pm Wednesday : 9.00am - 7.00pm
Only Three Examples Known to Exist!
Wayne Fernie and Rob Jackman will be attending with a range of collectables and investment items.
Both Days : 10.00am - 5.00pm The Rare Coin Company will be presenting a range of numismatic issues.
Building Wealth Through Rare Australian Coins and Banknotes • Albany 1800 641 633 • Perth 1800 811 120
Especially printed in very low numbers as an example of a note issue, ‘Specimens’ usually ended up in note printing archives, but on very rare occasions were presented to VIP’s and those involved in the note’s production. It was only through this presentation that they were made available to the collecting public, which makes their rare appearance on today’s market so momentous.
1893 The City of Melbourne Bank Ltd Ten Pound Specimen Note Domicile: Melbourne Cat Ref: MVR1 Grade: Uncirculated
Extremely Rare
Price: $40,000 • Melbourne (03) 9653 9412 • Sydney (02) 9089 8780 • Visit our website at: www.rarecoin.com.au
Liquidation Guarantee
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Rare Quality Australian Pre-Decimal Banknotes Need No Introduction with Buyers in Today’s Climate!
Magnificent Australian Commonwealth Coins Offer A Sound Proposition in the Finest Quality Rarities
While buyers of Pre-Decimal banknotes may feel disappointed at missing opportunities to secure premium quality examples, it’s a well known fact that demand will always far exceed availability at any given time. On a positive note though, this bittersweet scenario in this area of the numismatic market is precisely the key to it’s ongoing success in the price performance arena.
Proof and premium quality Pre-Decimal coins evoke passion and anticipation amongst keen buyers lured by their inherent rarity, investment appeal, craftsmanship and history. Struck from special dies, Proofs outshine even the best circulation strikes. Prior to 1955 only a very select number were struck for presentation to VIP’s or dignitaries. So few were struck that when they appear on today’s market they achieve compelling results and swiftly vanish into private hands.
A Very Rare Find Australian Pre-Decimal banknotes in Uncirculated grade and consecutive runs attract premium prices due to their considerable rarity, superior state of preservation, investment appeal and collectability. Ten Shilling notes of the Legal Tender series 1933 to 1938 were smaller than previous issues, making them easier to distinguish from other denominations.
1936 George V Riddle / Sheehan Ten Shilling Consecutive Trio Cat Ref: R11 Grade: Uncirculated
Very Rare in Runs
Price: $45,000
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Very Rare to Acquire in Pairs The fact that these Pre-Decimal Star (replacement) notes also bear last prefixes, makes them especially rare and prized in this superior quality.
An Extremely Rare Investment Prospect ~ Estimated Only Two Examples Known The large size and weight and elaborate design detail make the Australian Florin collectable in almost all grades and one of the most popular silver Pre-Decimal coins to acquire. To find a Florin in exquisite near Fleur De Coin (FDC) grade is nothing short of astounding, representing a rare investment opportunity. Australian florins were minted from 1910 until 1963. For the first seven years they were minted in London and then mostly in Australia at either the Melbourne or Sydney Mints. The only exceptions to this were during World War II when some were minted in the USA. Like all other predecimal Australian coinage the florin was based on the silver standard. It was minted in 92.5% silver and 7.5% copper from 1910 until 1945. In 1946 the coins were debased to 50% silver, 40% copper, 5% nickel, and 5% zinc due to Australia needing to pay off its’ huge debts incurred during the war. The George VI florin was minted from 1938 to 1952. In 1938 both the reverse and obverse design changed to feature George VI without a crown and the Australian Coat of Arms with a more stylised kangaroo, emu, and wattle sprigs.
Issued by the Reserve Bank of Australia, they were amongst the final of the pre-decimal stars to be released prior to the introduction of decimal currency in 1966.
Grade: near FDC
Extremely Rare ~ Estimated Two Known
Price: $80,000
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Rare Quality ~ Key Date ~ Mintage 500,000 1915 Australian Florins are hard to find in higher grades, which has elevated superior coins high on the discerning buyer’s wish list.
1961 Elizabeth II Coombs / Wilson Ten Shilling Last Prefix Star Note Consec Pair
King George V florins were issued from 1911 to 1936. Production of 1915 issues was shared between the Royal Mint, London and Heaton Mint, Birmingham.
Cat Ref: R17sL Grade: about Uncirculated / Uncirculated
1915 George V Florin
Very Rare in Pairs
Price: $60,000
1947 George VI Florin Proof
Slabbed: PCGS MS64 (Mint State)
Liquidation Guarantee
Very Rare in this Grade
Price: $38,000
Liquidation Guarantee
{ Slabbed }
Third Lowest Mintage of all Florin series after 1932 & 1933
A Small Coin with a Big Future For intuitive buyers with a keen eye for detail, Australia’s Threepence presented in Proof production quality is an absolute must have. Acquiring a quality threepence is significant when you consider its small size tended to cause production problems. Early proofs, produced using polished dies, were frequently struck multiple times to ensure that the full design became visible.
1960-61 Elizabeth II Coombs / Wilson Last Prefix Note Set Cat Ref: R17, R34b, R50, R63 Grade: about Uncirculated / Uncirculated
Price: $8,500 4
Very Scarce ~ Ex NPA Archive
Liquidation Guarantee
Building Wealth Through Rare Australian Coins and Banknotes • Albany 1800 641 633 • Perth 1800 811 120
1934 George V Threepence Proof Slabbed: PCGS PR66
Rare
Price: $23,000
Liquidation Guarantee
{ Slabbed }
Mintage: Less than 100 Examples Known
• Melbourne (03) 9653 9412 • Sydney (02) 9089 8780 • Visit our website at: www.rarecoin.com.au
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Australia’s Paper Decimal Specimen Banknotes ~ Fast Following in the Success of their Pre-Decimal Counterparts! Track the price performance of Decimal Specimens and it soon becomes apparent why these highly prized and valuable banknotes spark such spirited competition amongst today’s buyers. With growth rates averaging anywhere up to 23%* over recent decades, they have consistently proved their investment potential. We are delighted to present these exceptional examples spanning three decades from the very beginnings of Australia’s decimal currency in 1966 to 1984, just four years before the first Polymer banknotes were issued. Demand for uncirculated paper notes rapidly rose after Polymers were introduced, which makes them a very scarce and treasured item to secure today.
1966 Coombs / Wilson Ten Dollar Type One Specimen Note
1966 Coombs / Wilson Ten Dollar Type Two Specimen Note
Cat Ref: RDS4 Grade: Uncirculated
Cat Ref: RDS9 Grade: about Unc / Unc (Pinhole)
Very Scarce
Very Rare
Price: $22,750
1966 Coombs / Wilson One Dollar Type One Specimen Note
1974 Phillips / Wheeler One Dollar Type Three Specimen Note
Cat Ref: RDS1 Grade: Uncirculated
Cat Ref: RDS16 Grade: Uncirculated
Very Scarce
Rare
Price: $22,750
Price: $44,500
Liquidation Guarantee
Liquidation Guarantee
Price: $57,000
Liquidation Guarantee
Liquidation Guarantee
1966 Coombs / Wilson Twenty Dollar Type One Specimen Note
1974 Phillips / Wheeler Fifty Dollar Type Three Specimen Note
Cat Ref: RDS5 Grade: Uncirculated
Cat Ref: RDS21 Grade: Uncirculated
Very Scarce
Very Rare
Price: $22,750
Liquidation Guarantee
Price: $47,000
Liquidation Guarantee
1984 Johnston / Stone One Hundred Dollar Type Four Specimen Note 1966 Coombs / Wilson Two Dollar Type One Specimen Note
1974 Phillips / Wheeler Two Dollar Type Three Specimen Note
Cat Ref: RDS2 Grade: Uncirculated
Cat Ref: RDS17 Grade: Uncirculated
Very Scarce
Rare
Price: $22,750
Liquidation Guarantee
Price: $44,500
Cat Ref: RDS28 Grade: Uncirculated
Rare
Price: $47,500 Liquidation Guarantee
Liquidation Guarantee
*Past performance is no indication of future returns.
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Building Wealth Through Rare Australian Coins and Banknotes • Albany 1800 641 633 • Perth 1800 811 120
• Melbourne (03) 9653 9412 • Sydney (02) 9089 8780 • Visit our website at: www.rarecoin.com.au
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Printed in Numbers Less than 100, these Polymer Specimens are a Hot Target for Buyers of the Rarest and Finest! Polymer banknotes in superlative condition are a highly venerated acquisition. Specimen issues with Reserve Bank of Australia presentation letters are particularly rare, underpinning their investment appeal. Polymers are interesting to collect as they incorporate the year of printing within the banknote’s serial number (post 1992), which enables collectors to acquire notes based on their production year.
The Australian Polymer banknote series forms an integral part of the country’s currency and general history, demonstrating key advances in technology that have been embraced by note printers world-wide. The carefully preserved Type Four Specimen banknotes offered here are presented in a special commemorative folder, further highlighting their numismatic importance and destiny as high flying performers in the world of Specimen banknotes.
Australia Leads the World in Banknote Technology Developed by the Reserve Bank of Australia (RBA) and the Commonwealth Scientific and Industrial Research Organisation (CSIRO), the polymer note was the world’s first ‘plastic’ banknote. It was designed to improve the security and durability of the country’s currency. The first polymer banknote was a special $10 bicentennial issue released into general circulation in January 1988. Total conversion to polymer banknotes was completed in 1996 when Australia became
Housed in Presentation Folder with Letter of Recognition to Clea Gazzard
the first country to use a full set of circulating polymers. Banknotes were previously made from rag-based paper. Polymer notes are nonfibrous and made from polymer biaxial orientated polypropylene, which significantly enhances their durability, quality, cost-effectiveness and security. Many advanced security features not feasible with paper money have been perfected on polymers, making counterfeiting virtually impossible due to the cost and superior technology.
1988 Johnston / Fraser Bicentennial Ten Dollar Type Four Specimen Note Cat Ref: RDS29 Grade: Uncirculated
Very Rare
Price: $37,000
Liquidation Guarantee
{ Housed in Presentation Folder }
1993 Fraser / Evans Ten Dollar Type Four Specimen Note
1995 Fraser / Evans Fifty Dollar Type Four Specimen Note Cat Ref: RDS33 Grade: Uncirculated
Cat Ref: RDS31 Grade: Uncirculated
Very Rare
Very Rare
Price: $75,000
Price: $80,000 Liquidation Guarantee
Liquidation Guarantee
Presented to Gordon Andrews (Designer)
Housed in Presentation Folder with Letter of Appreciation to Gordon Andrews { Housed in Presentation Folder }
1994 Fraser / Evans Twenty Dollar Type Four Specimen Note
1996 Fraser / Evans One Hundred Dollar Type Four Specimen Note
Cat Ref: RDS32 Grade: Uncirculated
Cat Ref: RDS34 Grade: Uncirculated
Very Rare
Very Rare
Price: $88,000 8
Liquidation Guarantee
Building Wealth Through Rare Australian Coins and Banknotes • Albany 1800 641 633 • Perth 1800 811 120
Price: $85,000 • Melbourne (03) 9653 9412 • Sydney (02) 9089 8780 • Visit our website at: www.rarecoin.com.au
Liquidation Guarantee
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Twelve Unique Specimen Notes, One Unique Presentation, One Sensational Investment Opportunity!
Housed in an informative Presentation Book with an exclusive letter from B.W Fraser
The emergence of this Decimal Specimen note presentation for private sale is a momentous and extremely exciting occasion in Australian numismatics and one which The Rare Coin Company is justly proud to exclusively offer to valued clients for the very first time! Unique to Australian Numismatics As a previously unknown presentation, we believe this unique Specimen set holds an enormously prosperous future for the buyer looking for extraordinary blue chip opportunities in rare and prestigious Australian banknotes. The set is the only known Specimen set bearing the Johnston / Fraser signature combination, plus the unique use of notes bearing serial numbers from a normal print run rather than the customary zero serials solely reserved for Specimen issues. The Specimen overprint is the extremely rare Type Four version, printed commercially on either side of the note in red ink. The official letter and
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presentation booklet from The Reserve Bank of Australia gives prominence to this significant numismatic find, offering the investor an unparalleled proposition in Australia’s rare and prized decimal specimen banknotes series.
Quality Specimens are Strong Performers Specimens, examples of a given issue, were used for presentation purposes and as reference material. Few were printed and because generally they have not circulated, are of superior quality, leading to significant rises in value and demand. Australia’s transition to polymer banknotes greatly increased the investment potential of this banknote area. Recent auctions have revealed some top results for premium decimal items, including a record price for the historic TAA Robbery Decimal Type Three Specimen note set. For many years, the Australian banknote series was undervalued and largely ignored by traditional numismatists but that has changed dramatically in recent decades. Decimal Specimens are now revered as blue chip numismatic investments.
1985 Specimen Set Signatories Bernie William Fraser Backed by a Bachelor of Arts, majoring in economics, Fraser joined the National Development Department in 1961 and moved to the Treasury in 1962. After various finance positions he was appointed Secretary to the Treasury in 1984. Robert Alan Johnston Johnston joined the Commonwealth Bank of Australia in 1940. Apart from service in the RAAF, he remained with the bank until 1960, when he moved to the Reserve Bank of Australia. He also held various finance positions before being appointed Governor of the bank in 1982.
1985 Johnston / Fraser Type Four Decimal Specimen Note Set Two notes in each of the $2, $5, $10, $20, $50 and $100 Denominations Grade: Uncirculated
Unique
Price: $600,000 Liquidation Guarantee
Building Wealth Through Rare Australian Coins and Banknotes • Albany 1800 641 633 • Perth 1800 811 120
• Melbourne (03) 9653 9412 • Sydney (02) 9089 8780 • Visit our website at: www.rarecoin.com.au
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Contact one of our professional Numismatic Consultants for expert advice and guidance on successful investing for your Personal Investment Portfolio or Self Managed Super Fund.
You can contact The Rare Coin Company at:
Edward Armstrong Chief Executive Officer
0447 968 885
Wayne Fernie
Perth Sales Manager
0407 425 011
Fiona Stevenson
Murray Holmes
0418 913 243
0407 225 750
Numismatic Consultant - Albany
Numismatic Specialist - Albany
Brett Scott
Albany Sales Manager
0408 921 916
Ron Scott
Numismatic Consultant - Albany
0417 954 464
Albany Office & Showroom
Perth Office & Showroom
12 Sanford Road, Albany WA PO Box 829, Albany WA 6331 Phone: (08) 9892 8000 Fax: (08) 9842 1702 Freecall: 1800 641 633
286 Hay Street, East Perth WA PO Box 6912, East Perth 6892 Phone: (08) 9225 5044 Fax: (08) 9225 4500 Freecall: 1800 811 120
Sydney Office*
Melbourne Office*
(*Private Consultations by appointment only) Level 26, 44 Market Street, Sydney NSW Phone: (02) 9089 8780 Fax: (02) 9089 8989
(*Private Consultations by appointment only) Level 27, 101 Collins Street, Melbourne VIC Phone: (03) 9653 9412 Fax: (03) 9653 9416
Email: enquiries@rarecoin.com.au Website: www.rarecoin.com.au Our Albany office and showroom, located in Sanford Road is open each weekday from 9am to 5pm.
Tom Bishop
John Cunningham
Corrin Marshall
0417 936 861
0407 227 890
0448 882 291
Numismatic Consultant - Perth
Reynold Chamberlain Numismatic Consultant - Perth
0437 773 330
Numismatic Consultant - Perth
John Brookes
Numismatic Consultant - Sydney
0417 996 969
Numismatic Consultant - Perth
James Tham
Numismatic Consultant - Sydney
0439 946 658
Colin Hughes
Numismatic Consultant - Perth
0439 600 026
Our Perth office and showroom, located in Hay Street close to The Perth Mint, is open each weekday from 9am to 5pm and also Saturdays from 9am to 1pm for your added convenience. The Rare Coin Company offers a Liquidation Guarantee on selected investment quality items sold through our company. Items featuring this Liquidation logo come with an official Certificate of Authenticity and Future Liquidation by The Rare Coin Company.
Liquidation Guarantee
Nicholas Tham
This guarantee applies only on selected items as indicated in this publication. All other numismatic material does not carry a liquidation guarantee, however we are always happy to purchase quality items for future resale - subject to stock requirements.
0419 907 877
For more information regarding our Liquidation Guarantee policy please contact us on: 1800 641 633
Numismatic Consultant - Sydney
Your Privacy: The personal information you have provided is protected by the Privacy Act 1988. We observe the national privacy legislation and will handle your personal information in accordance with these principles. If you wish to access your personal information, or do not wish to receive further promotional material, please contact us. Further information regarding our privacy practice is set out in our published Privacy and Confidentiality flyer. Special Disclaimer: The average returns shown for items in this catalogue were calculated using pricing information obtained from the McDonalds Australian Coins and Banknotes catalogues. Disclaimer: *Past performance is no indication of future returns. °Potential investors into numismatics should seek advice of a qualified rare coin and banknote dealer and a Financial Advisor. No warranty is given and no liability accepted by Arcabi Pty Ltd or its employees for any statement of opinion, errors or omissions. E&OE Items offered are subject to being sold out prior to receipt of order. All previous selling lists are cancelled. Prices shown are subject to change without notice. All prices include GST. Some items may not be immediately available from our retail outlet. Pictures are shown for illustration purposes only. Members of ANDA
Arcabi Pty Ltd trading as The Rare Coin Company ABN 70 081 444 322
© Copyright 2009
Building Wealth Through Rare Australian Coins and Banknotes • Visit our website at: www.rarecoin.com.au