About Australian Decimal Paper Banknotes

Fair Market Value Update – Ten Pound Banknotes (1954 & 1960) Series: Coombs – Wilson

Era: Commonwealth / Reserve Bank Transition Design: Arthur Phillip – Industry & Science | Denomination: £10 (Australian Pounds)

1. Historical Context The 1954 Ten Pound marks Australia’s final large-format pre-decimal high-denomination note. Printed under the Commonwealth Bank, it carried into the Reserve Bank’s 1960 series before withdrawal in 1966. Only 61 million were produced, and few high-grade survivors remain, as £10 equalled a week’s wage at the time — most circulated heavily. 

2. Current FMV Benchmarks (Nov 2025) All valuations below represent weighted Fair Market Value (FMV) averages derived from reliable confirmed sources.

3. Market Momentum Demand for verified high-grade 1954 and 1960 notes has risen ~18% since late 2024, reflecting tight supply and collector migration from polymer to paper era notes. Short-term liquidity remains strong in the $700–$1,100 band with consistent two-day turnover for UNC stock. 

4. roBBie Kovak™ FMV Position Our Fair Market Value benchmark rejects catalogue fiction. All £10 assessments use verified data and actual sale averages across Australian platforms. Collectors can rely on this data as the current FMV standard for 1954 and 1960 Ten Pound banknotes. 

Fair Market Value delivers verified data — not catalogue fiction — giving collectors a transparent benchmark they can trust.