This truly is quite a rare bank note.
As a First Prefix note from 1954 it is more than 60 years old.
First thing to say is that notes bearing this prefix are not very common and finding one is half the battle.
This note still has overall good paper quality despite being well circulated. It has good edges and corners, light overall creasing and very few stains.
At some point the note has been damaged with a scrape / cut on the left hand side of the reverse which has pushed the paper up. It has been then stuck down by a small strip of tape.
This is truly a shame as it would otherwise be far more than it is.
Never the less if your collection is looking to add a genuinely rare prefix to its ranks then this is a great chance.
Obverse: Captain (later Admiral) Arthur Phillip RN (11 October 1738 – 31 August 1814) was the first Governor of New South Wales and founder of the settlement which became Sydney.
After much experience at sea, including command of a ship that was saved in a storm by convicts, Phillip sailed with the First Fleet, as Governor-designate of the proposed British penal colony of New South Wales. In February 1788, he selected its location to be Port Jackson (now Sydney Harbour).
Reverse: Industry and Science – with a woman modelled by Karina Nartiss.
Watermark: Captain Cook in left hand oval . The word ’Ten’ also sits behind each of the signatories.
In October 1786, Phillip was appointed captain of HMS Sirius and named Governor-designate of New South Wales, the proposed British colony on the east coast of Australia, by Lord Sydney, the Home Secretary.
Phillip had a very difficult time assembling the fleet which was to make the eight-month sea voyage to Australia. Everything a new colony might need had to be taken, since Phillip had no real idea of what he might find when he got there. There were few funds available for equipping the expedition. His suggestion that people with experience in farming, building and crafts be included was rejected. Most of the 772 convicts (of whom 732 survived the voyage) were petty thieves from the London slums. Phillip was accompanied by a contingent of marines and a handful of other officers who were to administer the colony.
The 11 ships of the First Fleet set sail on 13 May 1787. The leading ship, HMS Supply reached Botany Bay setting up camp on the Kurnell Peninsula, on 18 January 1788. Phillip soon decided that this site, chosen on the recommendation of Sir Joseph Banks, who had accompanied James Cook in 1770, was not suitable, since it had poor soil, no secure anchorage and no reliable water source. After some exploration Phillip decided to go on to Port Jackson, and on 26 January the marines and convicts were landed at Sydney Cove, which Phillip named after Lord Sydney.
Shortly after establishing the settlement at Port Jackson, on 15 February 1788, Phillip sent Lieutenant Philip Gidley King with 8 free men and a number of convicts to establish the second British colony in the Pacific at Norfolk Island. This was partly in response to a perceived threat of losing Norfolk Island to the French and partly to establish an alternative food source for the new colony.
*All biographical details are taken from Wikipedia for education purposes only.