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Banknotes of the Australian pound were first issued by numerous private banks in Australia, starting with the Bank of New South Wales in 1817. [1] [nb 1] Acceptance of private bank notes was not made compulsory by legal tender laws but they were widely used and accepted.
In May 2015, the National Library of Australia announced that it had discovered the first £A 1 banknote printed by the Commonwealth of Australia, among a collection of specimen banknotes. This uncirculated Australian pound note, with the serial number (red-ink) P000001, was the first piece of currency to carry the coat of arms of Australia. [8]
The Australian one-pound note was the most prevalent banknote in circulation with the pound series, with the last series of 1953–66 having 1,066 million banknotes printed. [2] The first banknotes issued were superscribed notes purchased from 15 banks across Australia and printed with Australian Note and were payable in gold.
1852 Type 1 Adelaide Pound: These pounds were the first Australian gold coins, which makes them very attractive to collectors and dealers. The 1852 Type 1 version is even more valuable because of ...
At federation in 1901 and for a period afterwards, the currency used in the Australian colonies which became states consisted of British silver and copper coins, Australian minted gold sovereigns (worth £1) and half sovereigns, locally minted copper trade tokens (suppressed in 1881, some state earlier [8]) and private bank notes.
A. Gordon Andrews (industrial designer) Australian five-dollar note; Australian five-pound note; Australian ten-dollar note; Australian fifty-dollar note