Ten pounds 1939 and 1940 - Price guide and values
By introducing a 'legal tender' status for issued banknotes, there was no longer a need for them to be redeemable in gold. The opportunity was taken with this change to modify the designs. A new portrait of King George V was relocated to the lower center on the front and a bas-relief panel depicting 'Agriculture' appeared on the back. Other innovations were the addition of a circle in the lower right displaying the watermark profile of the Prince of Wales (later to become famous as the King who abdicated - Edward VIII) and watermark TEN POUNDS behind each signature.
The Coat of Arms which appears on the front was modified with this issue to more closely conform with the heraldic description given in the Arms Grant of 1912. The major changes were the inclusion of the 'bordure ermine' and the Quartering of State Emblems on the shield is corrected.
Approximately 3,076,000 ten pound notes were printed between 1934 and 1940 featuring the Riddle/Sheehan signature combination.
You can see the list of signatures on australian banknotes. To help you to know the meaning of grades such as G, VG, F, VF, EF, AU, UNC, etc., you can jump to the grading section. View the average prices of certified banknotes sold at auctions.
Riddle-Sheehan
- Circulated
- Uncirculated
| Varieties | AG-3 | G-4 | VG-8 | F-12 | VF-20 | EF-40 | AU-50 |
|---|---|---|---|---|---|---|---|
| Prefixes V1 and V2 | - | - | $495 | $990 | $1,950 | $5,400 | $8,100 |
| Prefix V0 | - | - | $540 | $990 | $2,480 | $6,000 | $9,300 |
| Prefix V3 | - | - | $540 | $990 | $2,480 | $6,000 | $9,300 |
| Varieties | UNC-60 | UNC-62 | CUNC-63 | CUNC-64 | GUNC-65 | GUNC-66 | GUNC-67 |
|---|---|---|---|---|---|---|---|
| Prefixes V1 and V2 | $10,900 | $12,800 | $13,800 | $17,400 | $21,000 | - | - |
| Prefix V0 | $12,500 | $14,600 | $15,800 | $20,900 | $26,000 | - | - |
| Prefix V3 | $12,500 | $14,600 | $15,800 | $20,900 | $26,000 | - | - |
Average prices of certified Ten pounds 1939 and 1940 Riddle-Sheehan sold at auctions
Last update : Sunday, June 22, 2025
