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10 Pounds
| Issuer | Reserve Bank of New Zealand |
|---|---|
| Year | 1940-1967 |
| Type | Standard circulation banknote |
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| Obverse description | Intaglio portrait of Captain James Cook in an oval vignette at lower right, rendered in fine engraved detail against a guilloche underprint in salmon-orange. The crowned Arms of New Zealand with motto 'ONWARD' appear at left alongside a large vignette of a full-rigged sailing vessel, all framed within an elaborate scrollwork border with denomination panels bearing '£10' at upper corners and 'TEN POUNDS' at lower right. |
|---|---|
| Obverse lettering | THE RESERVE BANK OF NEW ZEALAND PROMISES TO PAY ON DEMAND IN WELLINGTON THE SUM OF TEN POUNDS |
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| Comments |
New Zealand retained the pound well after most Commonwealth nations had moved on, and this note spans nearly three decades of issue — a range that catches multiple signature combinations and a mid-run addition of a security thread, making the Fleming issues particularly worth distinguishing. The threadless Fleming and thread Fleming are catalogued as the same Pick number but behave differently in the market.
De La Rue's London production remained uninterrupted through the Second World War for New Zealand's higher denominations, unlike some colonial issues that were forced into substitute printing arrangements. The ten-pound face value kept circulation volumes low; high-denomination notes of this period were largely used in commercial and interbank settlement rather than retail trade, which affects survival rates in used grades.