r310a – Mc173a # 1988 Johnston/Fraser Ten Dollar Banknotes

Plastic Issue
r310a 1988 Johnston/Fraser Ten Ten Dollar Banknotesr310a 1988 Johnston/Fraser Ten Dollar Banknotes
Obverse The ship “Supply” in Sydney Cove
Reverse Aboriginal youth with the Morning Star Pole
Signatories R. A. Johnston, Governor, Reserve Bank of Australia
B. W. Fraser, Secretary to the Treasury
Size 155mm [width], 77.50mm [height]
Composition Polymer
Watermark Polymer banknotes saw the end of the watermark, which was replaced with a Variable Optical Security Device (hologram) of Captain Cook
Serial Numbers Introduction 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
Fine VF EF aUNC CFU
2014  18 29  46
2015  15 33
2016  [27]28  [3042  45
2017
First serial prefix AB10 # r310aF – Mc173a/1
r310a 1988 Johnston/Fraser Ten Dollar Banknotes
Auction Prices
Fine VF EF aUNC CFU
2014  400
2015
2016
2017
Last serial prefix AB33 # r310aL – Mc173a/2
r310a 1988 Johnston/Fraser Ten Dollar Banknotes
Auction Prices
Fine VF EF aUNC CFU
2014  315 [180] 431
2015 180
2016
2017

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