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FX.co ★ Sale of Australia’s first banknote expected to get AUD 3.5 million

Sale of Australia’s first banknote expected to get AUD 3.5 million

Sale of Australia’s first banknote expected to get AUD 3.5 million

According to ABC News, Australia's first banknote, printed in 1913, is expected to sell for a record amount (AUD 3.5 million or $3.6 million) when it goes to private sale next month.
The 10 shilling note was hand-numbered by governor-general Lord Thomas Denman's 5-year-old daughter Judith Denman, with the serial number M00001. She got the note as a gift from Austarlia's prime minister Andrew Fisher on May 1913.
The note was found tucked away in a book in England in 1999 nearly 12 years after Ms Denman's death. It was last sold in 2008 to a private coin and note collector for about $2 million, the highest ever paid for an Australian banknote or coin.
The note will be displayed at the World Stamp Expo later this month in a hand-crafted wooden box worth $10,000.
The Australian pound was the national currency from 1910 to 1966 in Australia. In 1966, a decimal currency, the dollar was introduced. In 1988, the process to replace banknotes made of paper with polymer started. The measure is aimed at counteraction against forgery.

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