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1992 Australia Five Dollars Polymer - AB09
From the very first production run of 5 dollar polymer notes.
This note is well circulated and has numerous creases.
It is a good collection filler for anyone looking to get the full set.
The Bank Notes Tax Act of 1910 effectively ended the era of private currency in Australia.
It is a federal law that imposes on all bank issued currency a tax of ten per cent. The tax applies on "all bank notes issued or re-issued by any bank in the Commonwealth after the commencement of this Act, and not redeemed."
The effect of the tax was to bring to an end the historical practice of private sector currency creation in Australia.
Prior to the act of 1910, the dominant form of currency in Australia was state issued currency and bearer redeemable promissory notes issued by private banks and denominated in pounds sterling.
The Act allowed the Federal government Treasurer to issue notes in denominations of 10s., £1, £5, £10, and any multiple of £10. These were to be legal tender and payable in gold coin on demand at the Commonwealth Treasury.
This act perpetuates the effective prohibition of private currencies in Australia.
*All biographical details are taken from Wikipedia for education purposes only.
A remarkable bank note in every way with abundant security features. This note had some extremely special features built into it as security against forgery. It was a world first and makes these notes highly desirable as collectors items. Collectors value numerous variations of this note.The $5 note incorporates the following security features:
Within the clear window is a stylised gum flower printed and it can be seen from either side of the note.If the note is held up to the light a seven pointed star within a circle is formed by four points on one side of the note combining perfectly with three points on the other.
If the note is held up to the light you can see an image of the Australian Coat of Arms under other printing.
The words FIVE DOLLARS has been micro printed and can be seen with the aid of a magnifying glass.
Slightly raised printing (intaglio) can be felt with the finger and is also used for the portraits and other major design elements.
Highly intricate multi-coloured fine-line patterns and images appear on each side.Under ultra-violet light the serial number will fluoresce and also a square patch becomes visible on the back of the note.
Obverse:Queen Elizabeth II (Elizabeth Alexandra Mary; born 21 April 1926) is the queen regnant of sixteen independent sovereign states known informally as the Commonwealth realms: the United Kingdom, Canada, Australia, New Zealand, Jamaica, Barbados, the Bahamas, Grenada, Papua New Guinea, the Solomon Islands, Tuvalu, Saint Lucia, Saint Vincent and the Grenadines, Belize, Antigua and Barbuda, and Saint Kitts and Nevis. She holds each crown separately and equally in a shared monarchy, as well as acting as Head of the Commonwealth, Supreme Governor of the Church of England, and Head of State of the Crown Dependencies, British overseas territories, the Realm of New Zealand and the external territories of Australia. As a constitutional monarch, she is politically neutral and by convention her role is largely ceremonial.
Reverse:Old and New Parliament House, Capital Hill, Canberra. Parliament House is the meeting place of the Parliament of Australia. It is located in Canberra, the capital of Australia. It was opened on 9 May 1988 by Queen Elizabeth II, Queen of Australia. Its construction cost was over $1.1 billion. At the time of its construction it was the most expensive building in the Southern Hemisphere. Prior to 1988, the Parliament of Australia met in the Provisional Parliament House, which is now known as "Old Parliament House".
Watermark: With the introduction of the new polymer bank notes we saw the end of the customary watermark. It was replaced with a Variable Optical Security Device in the bottom corner.