r310a – Mc173a # 1988 Johnston/Fraser Ten Dollar Banknotes

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1988 Johnston/Fraser Ten Dollar Banknote

Plastic Issue – First release
r310a 1988 Johnston/Fraser Ten Ten Dollar Banknotesr310a 1988 Johnston/Fraser Ten Dollar Banknotes
ObverseThe ship “Supply” in Sydney Cove
ReverseAboriginal youth with the Morning Star Pole
SignatoriesR. A. Johnston, Governor, Reserve Bank of Australia
B. W. Fraser, Secretary to the Treasury
Size155mm [width], 77.50mm [height]
CompositionPolymer
WatermarkPolymer banknotes saw the end of the watermark, which was replaced with a Variable Optical Security Device (hologram) of Captain Cook
Serial NumbersIntroduction of the Two letter & Two number Prefix
AB10 – AB33

Notes : This note was the first circulation issue Australian polymer banknote. The first printing had a thin, smooth varnish over the hologram which rapidly rubbed off when used. Printing was stopped when the problem was identified.

All first printing [general circulation] notes have a serial number prefix between AB10 and AB 33 with the first two digits of the number being 93, 94 or 96 [AB 33 965070].

An Elaborate Field Test
Much was riding on the $10 note circulating in a satisfactory manner – over $20 million had been sunk into research and production costs in this technology over two decades, with the intention that Australia would eventually convert it’s entire circulating currency to the new “plastic fantastic” notes, after which the technology would then be exported the world over.

No less than 11 distinct varieties have been identified, the rarest of them has a catalogue value of $38,000. Refer to table at the end of this excellent article for a complete list.

Auction Prices
FineVFEFaUNCCFU
2014182946
20151533
2016[27]28[30]4245
2017[19]20[23]2935
First serial prefix AB10 # r310aF – Mc173a/1
r310a 1988 Johnston/Fraser Ten Dollar Banknotes
Auction Prices
FineVFEFaUNCCFU
2014400
2015
2016
201733[113]259
Last serial prefix AB33 # r310aL – Mc173a/2
r310a 1988 Johnston/Fraser Ten Dollar Banknotes
Auction Prices
FineVFEFaUNCCFU
2014 315[180]431
2015180
2016
2017[469]1,430
800,000 single notes were placed in blue cardboard folders (that were in turn enclosed in white RBA envelopes) and distributed through Australia’s major retail banks. Such notes are identified by the AA serial prefix. Notes with the AA 00 first prefix were the first printed.

Mc $10GF 1

RBA Folders

Standard Serials

Standard serials are regarded as those that run between AA 01 and AA 22

Mc $10GF 3

RBA Folders

Last Prefix

Notes with the AA 23 prefix were the last printed
updated: 29/08/2017

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