‘NUMISNET WORLD’


Volume 21 Issue 3   Formerly published as the 'Tasmanian Numismatist' - Internet Edition' (Est. 1996)    March  2016


'NUMISNET WORLD'

INTERNET EDITION

Edited by Graeme Petterwood. © 2016.

COPYRIGHT.

The contents of this independent Internet newsletter, and all prior issues - included the 'Tasmanian Numismatist - Internet Edition' - are copyrighted ©, but anything herein can be fairly used to promote the great hobby of numismatics; however, we do like to be asked by commercial interests if they wish to use any of our copy. This permission, however, does not extend to any article specifically marked as copyrighted © by the author of the article.

Explicit permission from the author, or the Editor of the  NumisNet World' '(Internet Edition) newsletter, is required - in writing - prior to use of that material.

 

All or any previous prices quoted in articles in this free newsletter, unless stipulated, are estimates only and they should not be considered to be an offer to sell or purchase the items mentioned or used as illustrations. Wherever possible - illustrations (*enlarged or otherwise) are from the newsletter's library collection - or that of the extensive library of the former 'Tasmanian Numismatist' -  Internet Edition © 1991 - 2007.

Krause-Mishler (KM) Standard and Specialized World Catalogs (also including 'Pick' banknote numbers) - and McDonald and/or Renniks Australian catalogue numbers - are used where applicable.

*Please note that the photoscans of items are not always to size or scale. (Fair 'acknowledged' use of any original scan is allowed for educational purposes.)

 

PLEASE NOTE - RE-STATED DISCLAIMERS:

Where on-line web-site Links or addresses are supplied, they are done so in good faith - however, our readers are advised, that, if a personal decision to access them is made - it is at your own risk!

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THE SAGA of AUSTRALIA'S

FIRST POLYMER BANKNOTE

1988

This historically important part of Australia's numismatic history came along with it's own load of 'baggage' when it was initially released. A beautiful example of imaginative art, it proved to be a step too far - a sort of false start.... but, after that first brief stumble, it quickly recovered - and it was the fore-runner of our modern currency.

 

1988 Original Blue Reserve Bank Presentation Folder - 800,000 issued. (Mc$10GF)

Bicentenary Polymer Substrate $10.00 banknote.

Prefixes AA00 .. .... to A23 .. ....

 

1988 dated 26th January - $10.00 Polymer Substrate note from folder. Prefix AA03 03.... (Mc$10GF-1)

 

The presentation folder note contained the Bicentenary date above the ship's mast.

 

While everyone wanted a dated Bicentennial polymer 'fantastic plastic' note - a strange new fabric to a population used to paper money - the 1st. circulation issue to be released was actually undated - but, due to serious technical problems regarding the special hologram area, it was quickly withdrawn.

The 3rd. & 4th. prefix numbers of the faulty withdrawn notes being 93, 94, or 96 only.

The serial number range of this first circulation release commenced at AB10 ...... and finished at AB33 ....with the general prefixes in between.

After some fast experimentation, the polymer notes were re-issued with a thicker layer of lacquer being applied over the Capt. Cook hologram area - the same prefixes were re-used from AB10  - but were expanded up to prefix AB 57 to cater for the amount of faulty note numbers that had to be taken out. and destroyed. In numismatic catalogues this re-lacquered re-issue is referred to as the 2nd. release!

These proved to be OK for the hard handling of general circulation - and, even today, good samples of the Bicentenary 'Tenner' occasionally appear in supermarkets and stores.  How many of these attractive notes are still hoarded in granny's bedroom drawer or old kitchen cupboard is anyone's guess!

 

It also became obvious, from prefix numbers discovered a few years later, that excess to demand notes from the reserve held for the initial folder release - or those removed from the presentation pack by members of the public, or dealers - had found there way into circulation after the historical event had lost its gloss! So, be aware that the hologram on some dated notes with early prefixes may only have the thin lacquer coating which can scratch more easily.

Careful inspection under magnification is needed to spot the thicker coating, if it has been applied..

 

1988 dated Polymer note found in circulation - Prefix AA 21 03.... (Mc$10GF-1)

 

1988 undated 2nd. release circulation issue Polymer note - Prefix AB11 31.... (Mc174b)

 

The issue prices of these 1988 Bicentenary notes have appreciated slowly, but comfortably, over the last 28 years - and, of course, such an event as a special note issue deserves a place in all Australian numismatic collections. Referral to a good current catalogue is a good idea !

 

1988 dated Polymer note  - with low Prefix AA 00 03.... (Mc$10GF -1)

This note would have come from the reserve held aside by NPA for Staff Presentation issues.

 

During the process of preparing the Bicentenary issue - special attention was given to the Note Printing Australia (NPA) staff involved in such a prestigious event. A special allocation in a special 'staff' presentation folder was prepared for them.

The grey folder contained 2 low prefix notes in consecutive number order (Mc$10GF-4) - and, it is recorded that 499 folders (998 notes) were issued as gifts

The prefixes started at AA00 0. ....but the start and finish serial numbers of the block of notes is not known to this writer.

Eventually, the residue from these reserved early-run notes were released into circulation - and, if you are alert, you still may find one in Extra Fine condition  - without the folder. The market pricing, however, will be commensurate with similar individual low prefix notes - not with the catalogue price of a folder pair!

 

 

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Buried Treasures and Paraphernalia!

While searching for pictorial stuff to illustrate the last article, I found myself diverted by little items of other stuff that has lain unseen for ages like buried treasure! I have selected a few of those near-forgotten pieces - and rustled through some old memories - in keeping with this current newsletter theme of stuff in folders et al - to add as a tiny sweet taste of numismatic dessert!

 

I have very fond recollections of attending the first 'International Coin, Banknote and Medallion Fair' organized by the 'Numismatic Association of Australia' (N.A.A) in Hobart, Tasmania - in conjunction with the 'Tasmanian Numismatic Society' (T.N.S.) in May 1991.

My memories were boosted by the discovery of a thin, dusty folder containing a copy of an article I had penned for the now defunct magazine 'Australian Coin Review' (A.C.R.) dated June 1991. A small handful of photos that I taken at the event - stored in the same folder - was a bonus .... and a selected few are shown here - for the first time, I think!

 

Pictures of the late Ray Jewell - with his Krause World Coins Catalog in hand - a young John Pettit enjoying a coffee - deep in thought - along with other busy dealers - and the thronging crowd - brought back feelings that I had forgotten about!.

 

The International Coin Fair was held on a rather misty weekend, May 11 - 12th., - and, after a spontaneous decision, very early on Saturday morning, at our home in Launceston 123 miles to the north - I decided to drive down for a day trip and see what it was all about.!

After a brief discussion, I found that I had the pleasure of my wife as company - she wasn't feeling 100% - but, her justification to come with me was that she wanted to go shopping at Salamanca Market before I spent all our money - she was deadly serious - and I really wasn't going to argue - so, I gave her the Credit Card to hold and, as a compromise, I had drawn a little extra folding money from the local ATM.!

 

We arrived mid-morning 10.00a.m. - shortly after the Fair was to be officially opened to the public - so we parked the car as close as possible - and, virtually, ran for it!

We thought we were just in time to beat the rush - but, we were mistaken!

The queues were already about to snake out of the doors of the former Hobart Sheraton Hotel - they would eventually spread halfway around the block. by lunchtime - and stay that way for most of the day.

It was our very first major numismatic event - we had no idea what to expect - but - it would actually prove to be life-changing!

(The Sheraton is shown in the background of the pic. and my late wife was giving me the look -'Let's get to Salamanca Market' - as it was just across the Marina.).

 

We decided to stay in Hobart for the whole weekend, so, we took our chances with accommodation - and decided on a place I knew of in the city.  As a senior representative of a major Northern company, with a branch in Hobart at that time, I knew of several places we could get a reasonable bed, if I pulled a few strings....

That decision to stay - along with the escalating chain of events and incidents - and the absolutely wonderful people I met at the special Dinner function for dealers and invited guests  - was, in retrospect, one of my most inspired!. 

 

How I managed to be invited to the Dealer's Dinner and share a table with some remarkable people - who later became fast friends - is another life-changing story - but, I won't bore you with that - except to mention that I found an ex-Launceston friend was also a senior Executive Officer of the T.N..S. - so, my wife and I also ended up as potential members that day - and the invite to attend the Dinner was offered!!

However, as she was obviously off-colour, my wife decided she would stay at the hotel to recuperate after a very long day - and, she added a few things to the Room Service bill - while I attended the Dinner alone.

She was persuaded to  share a little of her late supper with me when I got back. ...and her good humour had also returned - so the weekend improved greatly! However, suffice to say - the Pandora's Box of numismatics - at the top level - was opened to me that weekend, and - the treasures were immense!

 

 I am always ready to compromise - but, it was definitely a case of comply - or else, on the Saturday!

We went to the Fair, we left the Fair - we went to the Salamanca Market !

We picked up a few goodies - that we could have probably bought cheaper nearer home!

We went back to the Fair the next day - and, we even took time to enjoy the sights on the Sunday! 

All's well, that ends well!

 

Additional Reading:-

Australian Coin Review June 1991 - 'Hobart Coin Fair Afterthoughts' - by Graeme Petterwood.

 

SOME OF THE TREASURES THAT I CAME HOME WITH!

 

 1991 (Hobart Fair) Uncut Australian $10.00 paper notes in pairs (Mc$10U 5)

Notes with top or bottom centre selvage and colour indicators usually command a price premium.

 

The Uncut note phenomena was about to start - and Hobart 1991 was the venue for the initial launch. ...and we went wild!

Each pair of $10's was accompanied with a numbered Certificate.  A purchase limit of 4 pairs  (8 notes) per customer had been set..

The issue price for this strictly limited release of 3000 pairs was AUD$65.00 per pair  - and, within minutes several attending major dealers had scoured the buyers and the secondary price sky-rocketed and a rush started as enterprising young things rejoined the queue to make a quick buck or three!

My wife and I had each purchased a set - and she sold hers for AUD$95 .00 pair - (money for the Salamanca Market was her reason).

The price bubble for the notes eventually burst in the late 1990's - and the retail price slumped for some time - during the mid 2000's  - but, it has stabilized in recent years as available stocks have been absorbed into newer collections - and now, when they come onto the market, they are selling at about catalogue value - AUD$100.00 pair.

 

The other item that attracted my attention was the re-release of the Last Issue Green Folder $2.00 notes - initially issued to mark the withdrawal of that note from circulation some years prior when it was replaced with an Aluminium-Bronze coin in 1988

Only 500 of the folders within its distinctive envelope were made available for the Hobart International Coin, Banknote and Medallion Fair - so I bought 5 folders (1%) as a small investment -  each of the folders was stamped with a map of the state and the date of the event - whereas the old general folder was not stamped and a quantity issue figure is not readily available.

Other states 500 folder limits were also appropriately stamped with their state map over the next few years, as the N.A.A. held a fair in their capital cities - and the limited stocks were eventually exhausted in 1994 at Perth,  Western Australia.. The special stamped folders were limited to 3000 in total, nationwide.

All of these folders were initially marketed at AUD$8.00 ea -the current retail for the Tasmanian, and other states, stamped folders is now about $30.00 each.

The last prefix that had been printed by Note Printing Australia was the Johnston-Fraser LQG run which had occurred sometime between 1985 -1987  - and those last of the last $2.00 notes were sold in New South Wales at the Sydney Fair in mid-November 1991 and now attract a premium of about AUD$90.00

 

 

1991Tasmanian International Coin Fair issue prefixes - LPL ...... (Mc$2GF 1b)

Last $2.00 notes - residue of 1985 final printing runs

Green Folder, within printed envelope, containing one Uncirculated $2.00 note

 

 

Included in the treasures from the 1991 International Fair in Hobart were:-  several Degraves One Shilling token replicas, a bag of uncirculated 25th Decimal Coinage Anniversary 50 Cent coins - also a State Coat-of-Arms 1991 Uncirculated $10.00 coin with an 'Apple Isle' outer cover and inner covers with several iconic Tasmanian scenes - and a similar design cased 1991 Proof $10.00 Silver Coin in a stylized 'Apple Isle' outer cover. (see above)

 

1991 - The 25th. Anniversary of Decimal Currency (uncirculated) C.N. 50 Cents (now toning)

 (from a $10.00 bag purchased at the 1991 Coin Fair, and only recently re-discovered.)

 

 

The NAA-TNS 'Woodstock' Dinner Invitation

...and two of the event special tokens.

 

The Booklet (shown above) - and a strictly limited amount (100) of numbered Replica 33mm. One Shilling tokens especially produced in Aluminium - and bearing some elements of the Degraves Shilling token - were provided for invited guests to the 'Woodstock' Dinner. 

(Token #69 )

 

A similar limited issue Replica 33mm. token in Brass (100) was available loose to the public at the Coin Fair venue for a fee of AUD$6.00 as a memento - and to assist the 'Tasmanian Numismatic Society in covering the operating costs. (Token #65)

 

Main referral:-

Pocket Book to Australian Coins and Banknotes (22nd. Edition) - by Greg McDonald 2015

 

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A RECENT OBSERVATION....!

In recent years, the fluctuation in the Australian numismatic market has been fuelled by the retirement of many old-time collectors - who had started gathering in 1966 with the introduction of Decimal Currency in this country. 

The frenetic era that followed at that time - as our old Imperial cash disappeared - and as people started to learn much more about the historical hobby of Numismatics - spawned a spontaneous expression that included a mixture of technical curiosity, greed, the desire to learn the history of far-away places - and the plain old habit to hoard pretty or unusual things!

 

As the business side of the hobby developed, it morphed into a commercial enterprise of unimaginable power over the gatherers - and, their interest in scarce little pieces of metal and scraps of printed paper - was exploited, supposedly, for mutual benefit! 

Decimal currency may have sparked that initial interest, but, once a hobby like this gathered momentum it didn't stop at just one collecting field - and - it won't stop until it does! 

Last month saw the 50th. anniversary in Australia of the advent of the Decimal Currency  - the phenomena that changed the lives of so many of us - and our families and friends -  who were dragged along for the ride

Changes may occur - but, the numismatic bug that bit us decades ago - has left its deep imprint on our psyches.

 

Some, virtually pristine, early issue decimal coinage collectables are coming back onto the market as single items - Mint packs and Proof Sets - and, while the influx will probably have an impact of price - it will tend to split the market into two areas - basic collectables and investment.

A percentage of the lower condition items, of a more common nature, on offer will probably get passed in at auctions - as the new breed of investor/collectors take on the market.  Like everything else that is for local sale - it is a case of Supply and Demand - and Condition!

 

Australian pre-decimal Silver 'Shrapnel'

 

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'NUMISNET WORLD' - INTERNET EDITION

JULY 2007 - to date.

Full details of 'Numisnet World' - incorporating 'Tasmanian Numismatist'  (2007)

http://www.vision.net.au/~pwood/dec07.htm   -  (Volume 12 - Issues 7 - 12)

For full details of 'Numisnet World' (2008)

http://www.vision.net.au/~pwood/dec08.htm   -  (Volume 13 - Issues 1 - 12)

For full details of 'Numisnet World' (2009)

http://www.vision.net.au/~pwood/dec09.htm   -  (Volume 14 - Issues 1 - 12)

For full details of 'Numisnet World' (2010)

http://www.vision.net.au/~pwood/dec10.htm   -  (Volume 15 - Issues 1 - 12)

For full details of 'Numisnet World' (2011)

http://www.vision.net.au/~pwood/jun11.htm   -  (Volume 16 - Issues 1 - 6)

http://www.vision.net.au/~pwood/dec11.htm   -  (Volume 16 - Issues 7 - 12)

For full details of 'Numisnet World' (2012)

http://www.vision.net.au/~pwood/june12.htm -  (Volume 17 - Issues 1 - 6)

http://www.vision.net.au/~pwood/dec12.htm  -   (Volume 17 - Issues 7 - 12)

For full details of 'Numisnet World' (2013)

http://www.vision.net.au/~pwood/june13.htm  -  (Volume 18 - Issues 1 - 6)

http://www.vision.net.au/~pwood/dec13.htm   -  (Volume 18 - Issues 7 - 12)

For full details of 'Numisnet World' (2014)

http://www.vision.net.au/~pwood/june14.htm  - (Volume 19 - Issues 1 - 6)

http://www.vision.net.au/~pwood/dec14.htm  -   (Volume 19 - Issues 7 - 12)

For full details of 'Numisnet World' (2015)

http://www.vision.net.au/~pwood/june15.htm -   (Volume 20 - Issues 1-6)

http://www.vision.net.au/~pwood/dec15.htm   -  (Volume 20 - Issues 7- 12) 

 

VOLUME 21 - 2016

Issue 1. January 2016:- http://www.vision.net.au/~pwood/jan16.htm

EDITORIAL - A brief history of the newsletter - and realization that everything has its time in the Sun - but history continues, no matter what!

A NUMISMATIC HINT - ANDA (Australian Numismatic Dealers Association) published a small, handy booklet a few years ago - a 'freebie' - to assist new gatherers of Australian coinage. Worthy of inclusion in any collector's library!

SUPPLY & DEMAND! - Our hobby - be it as pure collecting members of a club, or those with a more altruistic commercial interest - rely on that basic rule - Supply and Demand! This brief memorandum gives a few clues on how to get started - buying or selling - and a few hard-learned handy-hints might allow us to strike a balance that keeps the whole business thing, of negotiating prices, on an even keel.

CORRECTION - We all make mistakes at times....!

 

Issue 2. February 2016:- http://www.vision.net.au/~pwood/feb16.htm

DECIMAL CURRENCY COMES TO OZ! - The next best thing to 'sliced bread' was the eventual opinion when 'Dollar Bill' started to let the Australian population know that Decimal Currency was coming to town. This reprise may stir a few memories of that day, in February 1966, we started playing with Dollars and Cents!

 

Issue 3. March 2016:-

THE SAGA OF AUSTRALIA'S FIRST POLYMER BANKNOTE 1988 - The trials and tribulations connected with our first issue of 'fantastic plastic' (polymer substrate) was big news back in 1988 - but the initial 'teething' problems were solved -and our expertise has now been adopted all over the world. This brief article gives a brief look at our first effort.

BURIED TREASURE & PARAPHERNALIA! - I'm a bit like an old pack-rat - I hoard 'treasure' away and forget about it - and when I do find it - it is like it is brand new!  In 1991, after the first International Coin, Banknote and Medal Fair in Tasmania,  I did exactly that - and, in 2016, I found some of it!

A RECENT OBSERVATION - Time is creeping up on many older gatherers who started to dabble in the hobby in 1966 with the advent of Decimal Currency in this country. The market place is seeing, more frequently, various prestige life-time accumulations being offered for auction. We may ponder where will prices go? - and, will it divide the hobby into two distinctive parts - collectors or speculators ..... or -  has that already occurred?!

 

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'NUMISNET WORLD'

(INTERNET EDITION)

COPYRIGHT.

The contents of this independent Internet newsletter, and all prior issues - included the 'Tasmanian Numismatist - Internet Edition' - are copyrighted ©, but anything herein can be fairly used to promote the great hobby of numismatics; however, we do like to be asked by commercial interests if they wish to use any of our copy. This permission, however, does not extend to any article specifically marked as copyrighted © by the author of the article.

Explicit permission from the author, or the Editor of the  NumisNet World' '(Internet Edition) newsletter, is required - in writing - prior to use of that material.

 

The 'NumisNet World'’ (Internet Edition) newsletter has been provided with space on this privately maintained Internet site and is currently presented free on a monthly basis with the aim of promoting the hobby of numismatics. Whilst the 'NumisNet World'' (Internet Edition) newsletter abides by the same basic guidelines originally suggested for the official 'Tasmanian Numismatist' newsletter, it is a separate, independent publication.

The ‘Tasmanian Numismatist’ newsletter is the only official newsletter of the ‘Tasmanian Numismatic Society’ and it is published periodically and distributed by post, email or hand delivered, directly to financial members of the Tasmanian Numismatic Society and selected associates and institutions.

All titles and matters pertaining to the T.N.S. are re-published with the permission of the current Executive Committee of the ‘Tasmanian Numismatic Society

 

Any literary contributions or relevant and constructive comments regarding numismatics are always welcome.

Please note that all opinions expressed in material published in the ''NumisNet World'' (Internet Edition) newsletter are those of the authors, and not necessarily those of the Editor. 

ALL comments in linked articles are the responsibility of the original authors.

Bearing in mind our public disclaimers, any Internet links selected by the authors of this newsletter, are usually provided as a complimentary source of reference to the featured article in regard to: (1) Illustrations -  or  - (2) To provide additional important information. 

 

Some illustrated items - including their designs and packaging -  may be subject to existing copyright restrictions.

In such instances, they may not be replicated or their images reproduced or republished - unless prior permission is sought from, and given by, the originator, owner or licensee of such item, design or packaging.

 

PRIVACY PROTECTION

The 'NumisNet World' (Internet Edition) newsletter complies with the Privacy and Personal Information Protection Act.

Under this act, information about individuals can be stored and published only if: the information is already contained in a publicly available document or if personal information has been provided by the individual to whom the information relates, and if that individual is aware of the purposes for which the information is being collected.

All information published by the ''NumisNet World'' (Internet Edition) newsletter is either publicly available, or has been voluntarily provided by writers, on request from the Editor of the ''NumisNet World'  (Internet Edition) newsletter.

While the ''NumisNet World' (Internet Edition) newsletter may hold writers' addresses and other details for the purposes of communication and copyright protection, it will never make such addresses or details available to any member of the public without the permission of those involved.

The 'NumisNet World'' (Internet Edition) newsletter also respects the privacy of our readers. When you write to us with comments, queries or suggestions, you may provide us with personal information including your contact address or other relevant information. Your personal information will never be made available to a third party without permission.

 

DISCLAIMER

All details of a commercial nature, organisations, items or individual arrangement to buy, sell or trade are provided in good faith as information only, and any consequent dealings are between the parties concerned. 

The 'NumisNet World' (Internet Edition) newsletter takes no responsibility for disagreements between parties, and also reserves the right to only feature information that it considers suitable in promoting the hobby to our readers. Deadline for any literary contributions, or amendment to copy, is 7 Days prior to the beginning of the month of publication.

 

The Editor,

Numisnet World - (Internet Edition). 

P.O. Box 10,

Ravenswood. 7250. Tasmania.

Australia.

Internet Page: http://www.vision.net.au/~pwood/tns.html

Email: pwood@vision.net.au

 

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