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1968 $2 Note Flap Error Phillips / Randall R83 about Unc 44mm * 40mm

1968 $2 Note Flap Error Phillips / Randall R83 about Unc 44mm * 40mm

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A very early paper decimal note error in superb quality.

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1968 $2 Note Flap Error Phillips / Randall R83 about Unc 44mm * 40mm

A very early paper decimal note error in superb quality.

All types of misprinted banknotes, printing errors or “variety” notes as they’re known are scarce, particularly when they’re in impeccable condition and old.

This particular note has crisp and original paper - it certainly hasn’t been pressed or otherwise interfered with.

It doesn’t have a centre-fold, teller’s flick or pay-packet bends, but does have one very light and small handling fold in the body of the note, which explains the grade we’ve attributed to it.

Flap errors that originate from the period prior to 1975 (when “Commonwealth of Australia” was seen on our notes) are extremely scarce - the eminent banknote researcher Mick Vort-Ronald’s book titled “Australian Banknote Errors” identifies the range of different printing errors that are seen on Australia’s circulating currency notes, and also lists auction appearances of the different examples of error note that have been sighted.

Mick’s research covers the period ranging between the 1970’s and 2012 - my reckoning of his research over that time shows he has counted just 8 printing flap errors across all denominations at auction from the C of A period.

Interestingly, 2 of those were $1 notes, 5 were $2 notes, and 1 was a $10 note.

The $10 note had Coombs Wilson signatures, and was graded good Fine condition. The $2 C of A flap errors all had serials that followed this one, and were graded between about Fine and Uncirculated.

The latter note was seen in a Downie’s auction in July 2007, and made a $1,900 hammer price against an $800 estimate. Including the 19.25% buyer’s premium, this means the note made a total nett price of $2,265 - it was clearly popular!

This particular note surely compares well with that one - the very slight handling mark evident has been mentioned for clarity, and it has an earlier serial number.

Certainly one for the discerning collector of Australian misprints and errors - one that hasn’t been seen for more than a decade.