Australia 1966 Complete Type I Specimen Banknote Set In Presentation Folder (10 Notes, $1 - $20, Inc $5)
We Last Sold This Item For: | $29,500.00 |
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Last Sold On: | 2/7/2023 |
# Sold In Past 12 Months: | 1 |
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Australia 1966 Complete Type I Specimen Banknote Set In Presentation Folder (10 Notes, $1 - $20, Inc $5)
Includes 10 Notes: Two each of $1, $2, $5, $10 and $20
This folder is an exclusive heirloom from one of our nation's most formative economic events.
To mark the introduction of Australia's new decimal currency notes in 1966, the Reserve Bank of Australia (RBA) prepared a special album that included two examples of each of the new denominations, as well as information on their design and production.
Personally Presented to Dignitaries
It is known that 17 of these albums were personally named for the recipient and signed by the Governor of the Reserve Bank, and were presented to:
The Queen, The Duke of Edinburgh, The Governor-General (Lord Casey), The Governor General's Wife,(Mrs Casey), The Prime Minister (Sir Robert Menzies), The Federal Treasurer (William McMahon), The Secretary to the Treasury (Sir Roland Wilson), President of the Senate (Sir Alister McMullin), Speaker in the House of Representatives (Sir John McLeay), Leader of the Opposition (Arthur Calwell), The Governor of the Bank of England (Retired, Lord Cromer), The Governor of the Bank of England (Lord Cobbold), The Governor of the Reserve Bank of New Zealand (Gilbert Wilson), the artist Alister Morrison, the artist Gordon Andrews and the artist Russell Drysdale.
An additional 235 albums were printed in exactly the same style, although they were not signed by the Governor of the Reserve Bank of Australia. Only 191 of these albums were actually distributed, to the following people and organizations:
The Governor of the Reserve Bank (Sir Herbert ‚Äö"Nugget" Coombs), The Deputy Governor of the Reserve Bank, Reserve Bank Board Members, Members of the Design Panel, Major Trading, State, Savings & Foreign Banks, Commonwealth Central Banks, Other Central Banks, Libraries & other institutions in Australia & overseas, High Commissioner in London, People and Organizations on the General Manager's list (mostly printers and overseas banks), Reserve Bank Archivist, Retired Treasury officials as well as Mr E. Kingsford Smith.
A total of 208 Type I specimen banknote albums were thus distributed.
If we presume that albums distributed to public collections will never be available to the collector market, it seems that at most, only 86 Type I Specimen note sets will ever be available to collectors.
Specimen banknotes are of great interest to collectors for the following reasons:
They are excessively rare;
They are printed before the commercial print run for the general public; and
They were generally presented to a very restricted list of prominent persons.
We haven't seen Type I decimal specimen note sets trade in their current price range since the late 1990s, and many sets have been split up since then.
This set remains in excellent condition - the covers are devoid of any wear or damage, while each of the notes remains in excellent condition.
This album remains an exclusive, rare, and historic memento of one of the most important events in Australia's economic history.
SKU: 18360
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