November 23, 2017, 02:32:15 PM
Welcome, Guest. Please login or register.

Though the parent site, RealBanknotes.com requires an invitation for membership, the RealBanknotes.com Forums are free and open for anyone to join, so if you have any interest in collecting paper money, feel free to register.  Hope to see you on the boards!

Author Topic: Half Sovereign from Australia  (Read 635 times)

Proteus

  • Administrator
  • Hero Member
  • *****
  • Posts: 1109
    • View Profile
    • RealBanknotes.com
Half Sovereign from Australia
« on: February 19, 2013, 06:25:17 PM »
Just won an auction for this Australian banknote with 'ol George on it.  It was way more expensive than most of my purchases, but I know that this is a scarce note, so a really good investment.
« Last Edit: April 11, 2013, 12:44:40 AM by Proteus »

contarius

  • Jr. Member
  • **
  • Posts: 56
    • View Profile
Re: Half Sovereign from Australia
« Reply #1 on: March 12, 2013, 04:09:16 AM »
Congratulations Proteus!
I think you did really well with this note. A real pearl. Would love to have one in my own collection.

In truth the design is a bit of a mess, and the dam/weir on the reverse is a little boring. But the classic KGV portrait more than makes up for this, and the colours are still clear and vibrant on your note.

Aussie collectors seem obsessed with grade over and above rarity, and they're willing to pay crazy prices when a note is in pristine condition. I guess this is because they can put them aside as legitimate pension investments recognised by the tax authorities.


Proteus

  • Administrator
  • Hero Member
  • *****
  • Posts: 1109
    • View Profile
    • RealBanknotes.com
Re: Half Sovereign from Australi
« Reply #2 on: March 12, 2013, 10:00:25 AM »
When I started to read your reply I was going to mention the fact that banknotes are officially considered investments, but you beat me to it and probably know more on the subject!

But you're right on all accounts, I think:  its not particularly pretty, but it is fairly scarce.  This was definitely a factor in making this purchase (cost me quite a bit; one of my more expensive purchases).  However, another point is the name of the currency: Sovereign.  I find this quite interesting.  Its like I bought half of a king or something ...  ;)