1979 Australia Two Dollars – JTB

USD$25.31

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SKU: JTB088184-07B Category: Tag:

Description

35+ years old and looking like new. Here is a great paper decimal note in mint UNC condition. Perfect for going the long haul all the way to your retirement.

Highly collectible and a great investment opportunity. Will accumulate value strongly in the years to come.

Pretty much fresh from the bank and awaiting your portfolio.

Additional information

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History

After 1901, when the Australian colonies federated into a single Commonwealth, the federal government became responsible for the currency. The Australian Notes Act was passed in 1910. In 1913 the first series of Australian notes was issued, based on the old British system of 12 pence to a shilling, 20 shillings to a pound.

In 1963, Australia initiated the change to decimal currency. More than 1000 submissions were made about the name of the new currency unit. The Prime Minister of the day, Sir Robert Menzies, proposed the ‘royal’. The ‘dollar’ was eventually chosen as the name, and decimal currency was introduced on 14 February 1966.

Shortly after the changeover, substantial counterfeiting of $10 notes was detected. This provided an impetus for the Reserve Bank of Australia to develop new note technologies jointly with the Commonwealth Scientific and Industrial Research Organisation.

*All details taken from Wikipedia for educational purposes only.

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