Commonwealth of Australia Banknote
Being a numismatist, or someone who collects currency, is a fun hobby for you and old alike. It allows access to history that you touch and hold in your hands. While collecting rare Australian coins is a terrific hobby, collecting paper currency, such as Commonwealth of Australia banknotes is especially interesting because of the depictions of people and events on the paper money and the value that some of the can be worth.
What is some interesting information about Commonwealth of Australia banknotes?
The first Commonwealth of Australia banknotes appeared around 1910 following the passage of the Australian Notes Act of 1910, which was overseen by the Queensland Treasury. A Commonwealth Bank Board was established in 1924, which took over the oversight of printing banknotes from the Treasury. Another item of legislation, the Reserve Bank Act of 1959, paved the way for all banknotes to be printed under the authority of Australia's Reserve Bank. Banknotes printed between 1992 and 1996 became the first ones worldwide printed on polymer substrate instead of paper.
What type of Commonwealth of Australia banknotes are available?
The denominations of Commonwealth of Australia banknotes that are available are:
Old Australian notes in good condition often increase in value. A $1 denomination was available until 1984 when a $1 coin debuted and $2 Commonwealth of Australia banknotes were available until 1988 when a $2 coin first appeared.