The Australian dollar is the official currency of Australia, and it is denoted by the symbol $ or AUD. The currency is divided into 100 cents, and it is available in both coin and banknote form. The Australian 1 dollar note is one of the banknotes in circulation, and it has a rich history behind it. In this article, we will explore how much Australian 1 dollar notes are worth and their history.
The history of Australian 1 dollar notes:
The Australian 1 dollar note was first introduced in 1966, following the introduction of decimal currency. The note features the portrait of Queen Elizabeth II on the front and a depiction of five Australian species of eucalyptus trees on the back. The note was printed on paper made from 100% cotton and was approximately 140mm by 70mm in size.
In 1984, the Reserve Bank of Australia announced that it would stop issuing 1 dollar notes and replace them with coins. However, the notes remained in circulation until they were gradually withdrawn and replaced by the coins. The last Australian 1 dollar note was printed in 1984, and it was replaced by the 1 dollar coin in 1985.
How much are Australian 1 dollar notes worth today?
Today, Australian 1 dollar notes are no longer legal tender, which means they cannot be used to purchase goods and services in Australia. However, they can still be exchanged for their face value at the Reserve Bank of Australia or at some commercial banks. The face value of the note is 1 Australian dollar.
Since the notes are no longer in circulation, their value as collectibles depends on their condition, rarity, and historical significance. Some collectors may be willing to pay more than their face value for notes that are in good condition, have a low serial number, or have a historical significance, such as being one of the last notes to be printed.
The value of Australian 1 dollar notes as collectibles can vary widely, and it is recommended that collectors do their research and consult with experts before buying or selling them. Online auction sites and coin and currency dealers are good resources for finding information about the value of Australian 1 dollar notes.
Australian 1 dollar notes are no longer legal tender and have been replaced by the 1 dollar coin. However, they can still be exchanged for their face value at the Reserve Bank of Australia or some commercial banks. The value of Australian 1 dollar notes as collectibles depends on their condition, rarity, and historical significance and can vary widely. Collectors should do their research and consult with experts before buying or selling them.
