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1979 Australia Two Dollars – JTB

$32.50 AUD

Availability: 1 in stock

SKU: JTB088184-07B Category:
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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.

SKU

Year

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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

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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