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Larger To Smaller Banknote Change?
Recently, I was buying a New Zealand Ten Shilling note. The Cook
version, from 1940 onwards. It was comfortably within my budget. But, I mentioned the earlier version of the Ten Shilling, with another design, from 1934-40. And, my dealer's assistant pulled one out. It was, shall we say, *not* in the same neighbourhood as my budget. Anyway, it was a "large" format note. Which I hadn't realised before. I think this was in roughly the same size as the earlier *bank* banknotes issued by banks in the 1920s/30s before the Reserve Bank took over. I seem to recall this as also being the period when the USA Federal Reserve notes downsized, as well. And perhaps some other places? So, this lead to one of my general musings... Why did "they" change the size of the notes? From the larger to the smaller? Did this happen in many places at around the same time? Thanks for any insight... -- Get Credit Where Credit Is Due http://www.cardreport.com/ Credit Tools, Reference, and Forum |
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#2
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Larger To Smaller Banknote Change?
In article , Coffee's
For Closers writes Recently, I was buying a New Zealand Ten Shilling note. The Cook version, from 1940 onwards. It was comfortably within my budget. But, I mentioned the earlier version of the Ten Shilling, with another design, from 1934-40. And, my dealer's assistant pulled one out. It was, shall we say, *not* in the same neighbourhood as my budget. Anyway, it was a "large" format note. Which I hadn't realised before. I think this was in roughly the same size as the earlier *bank* banknotes issued by banks in the 1920s/30s before the Reserve Bank took over. I seem to recall this as also being the period when the USA Federal Reserve notes downsized, as well. And perhaps some other places? So, this lead to one of my general musings... Why did "they" change the size of the notes? From the larger to the smaller? Did this happen in many places at around the same time? Thanks for any insight... (Shot in the dark) More and more of the populace were prosperous enough to carry banknotes as a matter of routine, and the size was reduced to make them easier to carry, especially in hip pocket wallets. -- Roger Hunt |
#3
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Larger To Smaller Banknote Change?
On Sep 4, 6:15*am, Coffee's For Closers
wrote: Why did "they" change the size of the notes? *From the larger to the smaller? *Did this happen in many places at around the same time? The USA changed over to the smaller size bills now in use sometime in the 1920s in order to reduce production costs (more bills on the same amount of paper). |
#4
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Larger To Smaller Banknote Change?
Voltronicus wrote:
On Sep 4, 6:15 am, Coffee's For Closers wrote: Why did "they" change the size of the notes? From the larger to the smaller? Did this happen in many places at around the same time? The USA changed over to the smaller size bills now in use sometime in the 1920s in order to reduce production costs (more bills on the same amount of paper). Yes, and they circulated in July 1929, though they were of Series 1928. W. |
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