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1969 $5 Note Star Note Phillips/Randall R203s Uncirculated

1969 $5 Note Star Note Phillips/Randall R203s Uncirculated

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Product ID:
P-11058

A wonderful example of what many collectors rate as Australia’s rarest decimal star note.

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Description:

1969 $5 Note Star Note Phillips/Randall R203s Uncirculated

Serials: ZNC 93663*

Provenance: Lot #2509, Downie's (Australian Coin Auctions) Auction 271 (March 2000). Estimate: $9,000, Hammer: $9,500, Nett: $10,925.


A wonderful example of what many collectors rate as Australia’s rarest decimal star note.

John Grant Phillips was Governor of the Reserve Bank of Australia between July 23rd 1968 and July 22nd 1975.

Sir Richard John Randall was Secretary to the Treasury from October 28th 1966 until October 31st 1971.

$5 notes with this signature combination were issued over a much shorter period than that - October 1969 through to October  1972.

The mintage of the regular $5 notes with these two signatures was 84,400,000, whereas the mintage of the Phillips Randall $5 star replacement note is just 101,619.

The ratio of star notes to regular notes for the Phillips Randall $5 note was 831 to 1, which is the second lowest mintage out of all of Australia's decimal star replacement notes.

If the prices realised at auction are any guide to which note collectors regard as the rarest Australian decimal star replacement note, then the R203s has taken out that title regularly over the years.

The Phillips Randall $20 note might have a lower overall mintage, however values for that note in comparable quality have been eclipsed by the most keenly-sought Phillips Randall $5 stars in the past.

This particular note is as straight as a die - as one would expect for this grade, there isn't a fold to be seen on it. Sections of the intaglio remain raised, and the serial numbers remain deeply impressed into the paper.

This fantastic note could be proudly kept in the finest collection of Australian decimal stars.