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1976 Australia Two Dollars – HTV

AUD$22.50

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SKU: HTV373581-6D Category:

Nice note with the exception of a blue ink mark on the obverse on Farrer’s face.

Edges are showing just a touch of wear but nothing signficant.

There is a horizontal crease as well which is clear in the pictures.

It was in this year that the Aboriginal Land Rights (Northern Territory) Act was first enacted.

Good strong collection filler from this year.

SKU

Year

Denomination

Signatories

Serial No.

Renniks No.

Approx. Grade

Design

Obverse: John Macarthur (1766 – 11 April 1834) was a soldier, entrepreneur, politician and pioneer of the Australian wool industry.

Reverse:William James Farrer (3 April 1845 – 16 April 1906) was a leading Australian agronomist and plant breeder. Farrer is best remembered as the originator of the “Federation” strain of wheat, distributed in 1903. His work resulted in significant improvements in both the quality and crop yields of Australia’s national wheat harvest, a contribution for which he earned the title ‘father of the Australian wheat industry’.

Watermark: Captain Cook in left panel

History

In 1966, when the Australian dollar was introduced, the international currency relationships were maintained under the Bretton Woods system, a fixed exchange rate system using a U.S. dollar standard.

The Australian dollar, however, was effectively pegged to the British pound at an equivalent value of approximately 1 gram of gold.

The highest valuation of the Australian dollar relative to the U.S. dollar was during the period of the peg to the U.S. dollar. On 9 September 1973, the peg was adjusted to US$1.4875, the fluctuation limits being changed to US$1.485–US$1.490; on both 7 December 1973 and 10 December 1973, the noon buying rate in New York City for cable transfers payable in foreign currencies reached its highest point of 1.4885 U.S. dollars to one Australian dollar.

*All details taken from Wikipedia for educational purposes only.

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