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Australian Banknotes

  • Australian Banknotes

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Australian Banknotes

Collecting Australian banknotes is a popular pass time with many, sometimes for pleasure and frequently as an

investment for the future.

Please note: We’re rebuilding our site and are constantly adding items.

If there’s something you can’t see, why don’t you email us and find out if we have it

The passing of the Australian Notes Act of 1910, which assigned responsibility for the issue of banknotes to the Commonwealth Treasury, however, made it an offence for any bank to circulate banknotes issued by a State and withdrew their status as legal tender. Further, the issuing of banknotes by private banks was effectively discouraged by the Bank Notes Tax Act, also of 1910, which imposed a tax of 10 per cent per annum on all banknotes issued.

For the first three years following the Australian Notes Act coming into force, some of the earlier private banknotes were overprinted by the Treasury as a temporary measure and circulated as Australian banknotes until new designs were ready for Australia's first federal government-issued banknotes.

The first printing works to produce the new banknotes was situated near the docks at the western end of Flinders Street in Melbourne and in 1912 Thomas Samuel Harrison, an Englishman with extensive knowledge and experience in the field of security printing, was appointed Australia's first banknote printer. After a busy year acquiring machinery and setting up production facilities, Harrison had the first Australian banknote – of ten shillings denomination – ready for numbering on 1 May 1913.(extract from the Reserve Bank’s “ History of Banknotes)

Banknote Grading

  • Very Good (VG) – is generally a well used note still intact but soiled. No missing pieces but can still have rounded corners and tears can extend into the design. May be limp but still have a not unatractive appearance

  • Fine (F) – A well circulated note showing many folds & creases or wrinkling but not excessively soiled
  • Very Fine (VF) – A circulated note showing folds and some signs of wear. Paper reasonably clean & crisp
  • Extremely Fine (EF) – a pleasant looking note with evidence of light handling, may have up to three light vertical folds or one heavy vertical fold. May include slight edge wear, corner rounding or pinholes. Pinholes should be noted in any description of a note. Pinholes do not change the grade of a note but do affect the value and appearance of the note
  • Almost Uncirculated  (aUNC) – An almost perfect note except for handling marks & very minor imperfections & may have one very light banker’s fold & teller’s counting flicks.
  • Uncirculated (UNC) – A perfect note in brand new flat condition. Peper crisp with original natural sheen without discolouration.

 

Subcategories

  • Decimal Banknotes
    Decimal Banknotes

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1913 - 18 Commonwealth of Australia One Pound Banknote
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1913 - 18 Commonwealth of Australia One Pound Banknote

Signatures: Jas R Collins & Geo T. Allen Condition – Fine Renniks number: R18d .....

$2,500.00
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1918 Commonwealth of Australia Five Pound Banknote
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1918 Commonwealth of Australia Five Pound Banknote

Condition: Fine (F) Signatures: C.J.Cerutty & Jas R. Collins Renniks catalogue number: R32b .....

$3,250.00
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1918 Commonwealth of Australia One Pound Banknote
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1918 Commonwealth of Australia One Pound Banknote

Signatures: CJ Cerutty & Jas R Collins Condition is fine – please see images Renniks number: R21 .....

$1,450.00
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1927 Commonwealth of Australia George V Five Pound Banknote
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1927 Commonwealth of Australia George V Five Pound Banknote

Condition: Almost fine (aF) - please view images. Sigantures: Riddle & Heathershaw Renniks number: R42 .....

$950.00
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1927 Commonwealth of Australia George V Five Pound Banknote
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1927 Commonwealth of Australia George V Five Pound Banknote

Condition: Very Fine – please refer to images Signatures: Riddle & Heathershaw Renniks number: R42 .....

$2,250.00
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1933 Commonwealth of Australia George V Five Pound Banknote
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1933 Commonwealth of Australia George V Five Pound Banknote

Signatures: Riddle & Sheehan Condition: Fine/Very Fine (this means one side is in fine condition and the other side is in very fine condition.....

$2,500.00
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1933 Commonwealth of Australia One Pound Banknote
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1933 Commonwealth of Australia One Pound Banknote

Signatures: Riddle & Sheehan Condition: Better than Very Fine (VF++) Renniks number R28 .....

$550.00
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1933 Commonwealth of Australia One Pound Banknote
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1933 Commonwealth of Australia One Pound Banknote

Condition: Very Fine - please view photos Signatures: Riddle & Sheehan Renniks number R28 .....

$450.00
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1933 Commonwealth of Australia One Pound Banknote
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1933 Commonwealth of Australia One Pound Banknote

Condition: Very fine with three vertical folds – please view photos Signatures: Riddle & Sheehan Renniks number: R28 .....

$450.00
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1938 Commonwealth of Australia George V1 One pound Banknote
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1938 Commonwealth of Australia George V1 One pound Banknote

Condition: Extremely Fine (EF) – really nice note. Signatures: Sheehan & McFarlane Renniks number: R29 .....

$600.00
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1942 Commonwealth of Australia GeorgeV1 One Pound Banknote
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1942 Commonwealth of Australia GeorgeV1 One Pound Banknote

Condition: Very Fine (VF) – please view images Signatures: Armitage & McFarlane Renniks Number: R30a – dark green mai.....

$110.00
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1943 Ten Pound George V1 Banknote - Fine
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1943 Ten Pound George V1 Banknote - Fine

Signatures: HT Armitage & S.G. McFarlane Condition: Fine – please view images. Renniks catalogue number: R59 .....

$300.00
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1949 Commonwealth of Australia George V1 One Pound Banknote
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1949 Commonwealth of Australia George V1 One Pound Banknote

Very fine condition (VF) – please see photos Signatures: Coombs & Watt Renniks number: R31 .....

$140.00
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1953 Commonwealth of Australia QE11 One Pound Banknote
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1953 Commonwealth of Australia QE11 One Pound Banknote

Condition: Almost uncirculated (aUNC) – please view images. Signatures: Coombs & Wilson Renniks number: R33 .....

$210.00
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1988 Commemorative $10 Note
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1988 Commemorative $10 Note

This note was the first of it’s kind in the world in that it was printed on polymer (plastic) incorporating technology devised and developed in .....

$35.00
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