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1 / 2 / 2012
New Governor for the Reserve Bank in september
Reserve Bank of New Zealand NEWS RELEASE

Date: 30 January 2012


Reserve Bank Governor not seeking another term

Reserve Bank Governor Alan Bollard today announced he will not be seeking another term as Governor when his current term ends on 25 September this year.

Appointed in September 2002, Dr Bollard is in his second five-year term.

Dr Bollard said that he will be fully focused in his remaining eight months on the serious economic and financial challenges facing New Zealand.

“As I noted last week, the Bank is ready to respond to ongoing developments overseas, especially in Europe, the US and China, as well as domestically, particularly the Canterbury earthquakes. In addition, the Bank’s expanded prudential regulatory responsibilities mean we will continue to introduce new prudential requirements this year, especially in the insurance and non-bank sectors.”

The Chair of the Reserve Bank Board, Dr Arthur Grimes, said the Board will search in New Zealand and abroad to identify a successor to Dr Bollard. The Governor is appointed by the Minister of Finance on the recommendation of the Board.


4 / 12 / 2011
2007 and 2008 MATCHED NUMBER SETS released
In an unexpected move NZ Post recently started advertising the sale of matched serial number banknote sets for the two years 2007 and 2008. I know no details of why this is happenning after the RBNZ announced after the issue of the 2004 sets that they would only issue new sets with a change of design or signature etc.
Regardless these sets are on offer. Here is a link to their site
http://coins.nzpost.co.nz/2011/2007-new-zealand-bank-note-set
Those people who previously had 'reserved' a specific serial number can apparently get the set number that they had previously. I am in the process of placing my order for my 'numbers'.
Click the link to the right to see an example.

5 / 11 / 2011
Noble Auction 98 inSydney November 2011 now online
The catalogue for Noble Numismatics auction # 98 in Sydney in November 2011 is now available online at http://www.noble.com.au/auctions
There are 86 lots of New Zealand banknotes and 70 lots of New Zealand coins. There is a large selection of New Zealand and Australian Tradesman's Tokens to browse through also.
I trust that we all will find something amongst all those banknotes to add to our collections.
Good luck!

21 / 7 / 2011
RBNZ Announce New Banknote Upgrade Project
New Zealand banknote upgrade project underway

Date: 21 July 2011

The Reserve Bank announced today that planning has begun to upgrade New Zealand’s current series of banknotes.
Reserve Bank Governor Alan Bollard said the project will involve updating all five banknotes, the $5, $10, $20, $50 and $100.
“This upgrade will ensure our banknotes benefit from the technical advances that have been introduced in banknote security over the last 12 years. Such upgrades are carried out on a regular basis and help to maintain New Zealand’s low counterfeiting levels. The project will also look to improve the quality of these notes,” he said.
Dr Bollard emphasised that planning for the upgrade project is at an early stage and the various new banknotes will be progressively released from 2014 at the earliest.
A recent survey carried out by Nielsen for the Reserve Bank found the public is satisfied with the colours, design and themes of the existing notes and that the different note denominations were easy to distinguish. The public were also happy with the range of notes available.
“As a result of these survey findings, we will not be making significant changes to the overall themes of the notes themselves. This includes continuing to use the five respected individuals currently depicted on our notes.” Dr Bollard said.
“However, we are planning to modernise the designs, as modern printing techniques will allow us to give the notes a new look.
“At this point in the project it is envisaged the new notes will be phased in and will be used alongside the existing notes for a period once they are released.”
The Reserve Bank has already begun contacting business and consumer groups with a special interest in currency matters to gather technical feedback. Further such groups can contact the Bank at newnotes@rbnz.govt.nz.
Further details of the Currency Survey carried out by Nielsen can be found on the Reserve Bank website at http://www.rbnz.govt.nz/currency/.

Banknote Upgrade Project Questions and Answers

Why is the Reserve Bank planning to upgrade our banknotes?

The Reserve Bank regularly reviews and improves New Zealand’s banknotes to ensure the security features within them are updated. With technology constantly evolving, it is important our banknotes keep up, to help ensure counterfeiting levels remain low.

What notes will be affected?

All of the banknotes currently in use in New Zealand will be part of the upgrade – this is the $5, $10, $20, $50 and $100. No changes are being made to our coins.

What changes will be made to the notes?

The main aim of the project is to update the security features. However, doing so also provides an opportunity to “refresh” the notes and update their look and quality. Exactly what this will entail is still being decided.
At this stage of the project, it is envisaged that the themes of the notes will remain the same, as will the range of note denominations on offer.

Will different New Zealanders be depicted on the notes?

With the improvement of security features being the focus of the banknote upgrade, the Bank will not change the New Zealanders depicted on the notes.

When will we see the new notes?

The Bank’s note upgrade project is in its early stages and it will be several years before new notes are issued in New Zealand - 2014 at the earliest.

How will the notes be circulated when they are released?

The Bank plans to release the notes one or two denominations at a time and co-circulate them with the notes already in use – so both sets will be acceptable to use at the same time. After a period (still to be determined), the old notes will be withdrawn and only new notes issued.

Which note/s will be produced first?

This is still to be determined.

Who will print the new notes?

A tender process will be run to determine the best candidate for printing our new notes.

Is counterfeiting an issue in New Zealand?

New Zealand has very low counterfeiting rates by international standards. However, in recent times the technology used for counterfeiting has improved and we need to strengthen our security features to combat this.

Will my old currency still be useable when the new notes come in?

Yes. The existing notes will co-circulate with the new notes for some time after the new notes’ introduction. More information about this will be available closer to the release of the new notes.

I have a special interest in currency matters. Who can I contact to discuss my specific concerns or requirements around the change?

The Bank has established a dedicated email address for such queries – newnotes@rbnz.govt.nz. Please note this is for individuals or groups with a specialist interest in, or concern about this project for operational or practical reasons.

What is meant by note “themes”?

This includes the New Zealanders depicted on the notes, as well as elements such as the flora and fauna.

When will we hear more from the Reserve Bank about this upgrade?

The Reserve Bank plans to provide public updates each time the project reaches an important milestone. It will also run an education and information campaign about the new notes closer to their release.

*****************************************************

Details of the surveys done are available on the RBNZ website as well.


19 / 6 / 2011
Noble's July 2011 Auction Feature NZ Collections
UPDATED 5 JULY 2011

19 June 2011...
The Noble Numismatic's auction of July 2011 will include at least two private New Zealand collections for us to get enthusiastic about. I have the good fortune to be friends with both these vendors and am sad to see them parting with these parts of their collections but of course we all can benefit from their choices to part with the collections and fill any gaps they can accomodate.
One is an Australian based collector and one England based.
Both have been seriously keen collectors over the years so some very good quality items will appear. With luck the collections will compliment each other rather than compete with each other. Whilst I am aware of many of the items on offer it would be inapproriate for me to favour any here as both vendors are friends and I would hate to be seen to promote one bunch over the other.
The auction catalogue should be online around about Monday July 4th I'm told.

I have seen a proof of the NZ section of the catalogue and there are just over 350 lots of NZ banknotes.

Once again it is a good time to add some quality New Zealand Numismatic itens to your collections, as I hope to do.
Enjoy!
Update:
Sale 97 preface

Wednesday, 22 June 2011
The small Naval Gold Medal awarded to Captain William Bligh.

This sale will be remembered above all else for the inclusion of the highly important gold medals awarded to Captain (later Vice-Admiral and Governor) William Bligh of Mutiny on the Bounty fame. The first is the Naval Gold Medal awarded to Captain Bligh in 1797 for the defeat of the Dutch Fleet at Camperdown.

The other medal is also in gold and was awarded by the Society for the Encouragement of Arts, Manufactures and Commerce, later the Royal Society of Arts, (founded in 1754 in Covent Garden in London) for the conveying of breadfruit from Tahiti to the West Indies in 1794. After serving aboard the Resolution as Sailing Master with Captain James Cook on his third epic voyage to the Pacific in 1776, Bligh was to return to the Pacific in 1787 in command of the Bounty to transport breadfruit trees to the West Indies when the mutiny caused the breadfruit to be thrown overboard. Bligh’s superb navigation feat on board a longboat is, as they say, history and he once again returned to Tahiti to successfully complete his transportation of breadfruit trees. The Society’s gold medal was at one time suspended in a swivel desk mount. Six silver tableware forks engraved WEB (William and Elizabeth Bligh) are also included. These Bligh items are being sold on behalf of descendants of Bligh.

The other outstanding feature of the sale is the offering, on behalf of the family, of a World War II Victoria Cross group to Private Edward ‘Ted’ Kenna of the 2nd/4th Infantry Battalion of the AIF awarded for magnificent gallantry in New Guinea in May 1945.

This is the first time Noble Numismatics has offered a Second World War Victoria Cross group at auction. There are only twenty Victoria Crosses to Australia for World War II. Ted Kenna was a Victorian and it was his wish that eventual sale of his awards should go to helping his children and grandchildren with their lives. The medal group has been on display at the Australian War Memorial in Canberra courtesy of the recipient’s family until placed by them for sale with Noble Numismatics this year.

To support the military section a family has consigned the World War I DSO, Military Cross and bar, MID group to Captain P.J.F. O’Shea of the AIF. The multiple decorations were awarded to this gallant and courageous doctor for actions in Belgium and France in 1917 and 1918 while serving in the Australian Army Medical Corps. The estimate for this outstanding medical officer’s group is $40,000.

The auction has a strong element of high grade Australian Commonwealth coins highlighted by pattern square cupro-nickel kookaburra pennies of 1919, 1920 and 1921 both types, gem quality proofs of florin 1915H, crown 1937, florin to halfpenny 1938 offered individually and 1939 kangaroo reverse halfpenny. Currency coins include many gem uncirculated florins purchased from Sale 11 to 23 in the early 1980s, and a nearly complete collection formed by West Australian collector Patrick Connolly offered in one session. This collection is generally in extremely fine to choice uncirculated through all denominations. Colonial coins include a previously unseen NSW holey dollar and dump, 1813, a series of Proclamation coins as well as Australian gold from an 1852 Adelaide pound onwards.

A high grade collection of half sovereigns from 1856, with quite a few from the Reserve Bank of Australia Collection, should get the attention of collectors. This collection has been formed by a Queensland collector over the last twenty five years. A Sydney collector has consigned choice Sydney Mint sovereigns 1855-1870, some ex Spink Australia Sales 36-39.

Historical medals include an original River Murray Navigation medal in bronze by L.C. Wyon and a silver medal of the French explorer La Perouse. A fascinating ‘recent’ medal is a gold Coronation Medal 1902 (56 mm) engraved to ‘Right Honourable Thomas Hughes First Lord Mayor of Sydney 1902’. Containing over $4,000 of gold this historic and unique piece of Sydney history is expected to sell for $10,000 or more.

British coins include a series of copper and bronze from 1839 to 1901 sent by Spink to a collector in Sydney in January 1960. The coins have been packed away almost since then, many have original mint red, the rarest is an 1856 penny. From the late Frank McCarthy’s Collection comes a fine silver crown of Elizabeth I, 1601 and a gold unite of James I. The New Zealand coins include a Waitangi proof set accompanied by a letter and registered envelope for delivery in 1935. The set was only opened in recent years. Miscellaneous tokens include a choice set of seven bone tokens of Keeling Cocos Islands, 1913, collected on the island during World War II.

World coins in gold and silver feature popular silver dollar issues of China and U.S.A. Ancient coins include a predominately Roman collection formed by a Sydney teacher.

Banknotes include the collection of the late Graeme Bamford of Perth, who formed a collection of Western Australian paper currency, a collection of Australian five dollar notes including all three specimen types and a collection of postal notes. Once again a major collection of New Zealand notes is offered, this time the collection formed by Martyn Cole, a New Zealander now living and working in Europe.

Australian notes include a newly discovered example of the Australian Wool Company one pound note; this one is signed and dated 1855, six years after Ben Boyd’s Royal Bank of Australia was forced into administration. The rarest Commonwealth note is an emergency issue of 1914 known as the rainbow pound. A small hoard of gold period notes of 1918-1926 will attract attention including a Cerutty/Collins five pounds which could be classed as an error as there is only the slightest trace of the mosaic of fives overprint on the back, the ink must have faded and not have been noticed. Though condition of some notes is affected by poor storage they are attractively priced for collectors. In decimals, there is a specimen one dollar that precedes the type one issue; it may be unique and so estimated at $30,000. A one hundred dollars test note BX 96 prefix is also the only example known being printed with blue ink portraits (like the ten dollars) instead of grey ink. Is it a completely new variety? No doubt it will attract strong bidding with an estimate of $25,000.

This three day sale is packed with many interesting lots to attract most collectors and the catalogue should be carefully studied whether on-line or with the printed hardcopy.

The viewing takes place at the Melbourne office of Noble Numismatics Pty Ltd, level 7, 350 Collins St, on Wednesday 20th July to Friday 22nd July and Monday 25th July for international and interstate viewers. Enquiries: Melbourne, Gerhard Reimann-Basch, Ph. 03 9600 0244. Sydney, Jim Noble, Ph. 02 9223 4578.

ONLINE NOW AT http://www.noble.com.au/auctions


19 / 6 / 2011
Noble's July 2011 Auction Feature NZ Collections
19 June 2011...
The Noble Numismatic's auction of July 2011 will include at least two private New Zealand collections for us to get enthusiastic about. I have the good fortune to be friends with both these vendors and am sad to see them parting with these parts of their collections but of course we all can benefit from their choices to part with the collections and fill any gaps they can accomodate.
One is an Australian based collector and one England based.
Both have been seriously keen collectors over the years so some very good quality items will appear. With luck the collections will compliment each other rather than compete with each other. Whilst I am aware of many of the items on offer it would be inapproriate for me to favour any here as both vendors are friends and I would hate to be seen to promote one bunch over the other.
The auction catalogue should be online in the next week or so and this 'news' item will be updated with a link to the Noble site at that time.
But once again it is a good time to add some quality New Zealand Numismatic itens to your collections, as I hope to do.
Enjoy!



19 / 6 / 2011
Noble's July 2011 Auction Feature NZ Collections
19 June 2011...
The Noble Numismatic's auction of July 2011 will include at least two private New Zealand collections for us to get enthusiastic about. I have the good fortune to be friends with both these vendors and am sad to see them parting with these parts of their collections but of course we all can benefit from their choices to part with the collections and fill any gaps they can accomodate.
One is an Australian based collector and one England based.
Both have been seriously keen collectors over the years so some very good quality items will appear. With luck the collections will compliment each other rather than compete with each other. Whilst I am aware of many of the items on offer it would be inapproriate for me to favour any here as both vendors are friends and I would hate to be seen to promote one bunch over the other.
The auction catalogue should be online in the next week or so and this 'news' item will be updated with a link to the Noble site at that time.
But once again it is a good time to add some quality New Zealand Numismatic itens to your collections, as I hope to do.
Enjoy!



7 / 1 / 2011
2007 dated $10 notes released into circulation
2007 dated $10 banknotes (AA 07 to DA 07) have been sighted in circultion in Auckland over the festive season. This is good news for those of us that collect them by prefix. Well it will be when we can get our hands on some. Any visitor here who wants to help me out with examples in uncirculated at a reasonable and fair price, please email me. Keep in mind that I supply all the information in this site for free, so please don't ask a price that is greedy. I won't pay it! Other denominations and prefixes always needed. Scott at scottdy@ihug.com.au

29 / 10 / 2010
Robb Family Collection Auction Nov 2010
The Robb Family Collection of New Zealand banknotes and coins is the main feature of Noble Numismatics Auction 95 to be auctioned November 23 to November 25, 2010 in Sydney.
The banknotes section is presented in its own catalogue (95B) of 200 pages featuring 546 lots and the catalogue would be a great addition to any numismatic library.
The entire catalogue will be online from monday November 1st on Nobles all new website.
Apart from all the banknotes featured in the separate catalogue there is also a large selection of New Zealand coins from the Robb collection in the general catalogue (95A). The general catalogue also has several pages of new Zealand banknotes that are from other vendors and in itself is a nice selection of offerings. Featuring quite a few predecimal banknotes including seven predecimal proofs which offer invaluable information for those of us keen on print run data etc.
Even if you don't wish to buy anything I would recommend you peruse this catalogue at length. The staff at Nobles have done a great job of presenting the collection with extra large images and I expect the images in the online catalogue will be even better.

15 / 9 / 2010
NEW Book on Reserve Bank Banknote Issues
A new book on the Reserve Bank of New Zealand banknotes is being released.
For further information - http://nzhnoted.weebly.com/index.html
Keep visiting that site and this one for updates.
Enquiries about purchase can be made through the authors website.

The book is perfect bound.
All the images that are colour are printed in colour while those that are originally black and white are black and white.
P&P in NZ is $6.00 and Australia $10.00.
Email orders or enquiries to nzhnoted@gmail.com

Postal order address is best to:
Mr Robert Pepping,
C/- Sacred Heart College,
250 West Tamaki Rd,
Glendowie, 1071,
Auckland, New Zealand.

I am looking forward to reading this new publication on my favourite subject. As all collectors shoud be.


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Copyrights Reserved by Scott de Young Since July 2004