r1a – Mc1 # 1913 Collins/Allen Ten Shilling Banknotes

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1913 Collins/Allen Ten Shilling Banknote

r1a – Mc1 # 1913 Collins/Allen Ten Shilling Banknotes
Presentation Note (With Letter)

r1a 1913 Collins/Allen Ten Shilling Banknotesr1a 1913 Collins/Allen Ten Shilling Banknotes

ObverseCoat of Arms & George V
ReverseGoulburn Weir, Victoria
SignatoriesJames R. Collins, Assistant Secretary
George T. Allen, Secretary to the Treasury
Size194mm [width] 83mm [height]
CompositionPaper
WatermarkNone
Serial NumbersPrefix M followed by 6 numbers – all in red print
Numbers M 000001 to M 000500

Notes :
This note usually has tiny holes. It was pinned to a Treasury letter which had signed by George T. Allen, Secretary to the Treasury. Notes that are still accompanied by this letter command a significant premium. There are approximately 30 notes [presented and circulation issues] that are thought to be in existance.The Coat of Arms displayed on the front of the note was a continuation of the design used on the overprint of superscribed notes in the preceeding three years. There was no official authority for the design used – it did not conform to grants for the Australian Coat of Arms given on either 7th May, 1908 (used on silver coins from 1910) or 19th September, 1912. The ’unofficial’ design was used on all issues up to 1933.

The first 500 notes (Serial numbers M 000006 to M 000500) were allocated by ballot to Parliamentarians and high-ranking officials, who paid for them. They were distributed with an accompanying letter signed by George T. Allen, Secretary of the Treasury. The letter was dated 13th July, 1913.

Notes M 000001, 2 and 3 were presented to the Governor-General Lord Denman, his daughter Judith, who numbered the first note, and his son, at a ceremony on May 1, 1913. This date is regarded as the official commencement for the Commonwealth series of pre-decimal notes. The Prime Minister, Andrew Fisher paid for numbers 4 and 5. These low numbered notes attract significant premiums because of their historical significance.

Auction Prices
VGFineVFEFaUNCCFU
2012128,150
2013
2014
2015
2016
2017

$1.9m for rare Australian banknote

The first banknote printed in Australia has become the nation’s most expensive money, selling for a record $1.909 million [March 2008]. The historic banknote, with the serial number M000001, was printed on May 1, 1913, and presented to Governor-General Thomas Denman’s daughter Judith by Labor Prime Minister Andrew Fisher. Ten shillings in 1913 would be just shy of $50 in today’s money, which means the note sold for more than 38,000 times its equivalent face value.

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