Australia’s first banknote printed 100 years ago has gone on sale for $3.6 million
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Australia’s first banknote printed 100 years ago has gone on sale for $3.6 million

Australia’s first banknote printed 100 years ago has gone on sale for $3.6 million

In a rare revision of Australia’s economic history, the first bank-note printed over a 100 years ago has gone on the auction block for a price of A$3.6 million ($3.68 million). Though this year has seen currency land on the auction blocks in the form of coins such as the rare

The idea of printing a bank currency note came to then Prime Minister of Australia Andrew Fisher, who felt that there needed to be a national sense of identity, post the colonial era in the country. Hence came this note, which was valued as A$10, and then gifted to Judith Denman. Eventually it was almost lost in the belongings of Denman, before being discovered again 12 years after her death, found as a part of the clearance of her belongings.

This A$10 bank note was gifted to the daughter of the then Governor General of Australia Lord Denman

Much later in the year 2000, the note changed hands with a private Australian collector, who paid A$ 1 million for the currency note, and then finally in 2008, when another collector bought it for a price of A$ 1.9 million. At the event headed by dealer Coinworks, collectors will get an opportunity to own a sample of history, when Australia bought in a feeling of nation amongst it’s people, and accepted the entry into the Commonwealth nations. For those interested about currency and history of nations, do take a look at the most expensive coins list, which delves deeper into the importance of symbols similar to this Australian bank note.

Via: Paul Fraser Collectibles

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