The unique Australian note bought for $1 million was exhibited to public
The Money Expo held in Sydney on October 15-16 is described in the local newspapers with a lot of buzz. The matter is the unique item exhibited on the expo – the very first Australia’s bank note of its own issue. Nowadays, the note is stored in private hands and was kindly borrowed for the short public observation by its owner. The bank note issued on May 1, 1913 has the face value of ten shillings, but its de-facto value is more than 1 million dollars.
The bank bill marked with the 000001 serial number is in perfect condition due to it never circulated: the note was stored as a souvenir one by the daughter of Lord Denman, Australia’s former Governor-General. Being a kid, Judith Denman performed the main role in the ceremony of starting the issue of Australian own paper currency; the very first example of the Commonwealth shilling was given to her as a memory gift by the country’s Prime Minister of the time.
The most exciting part of the story is that the real treasure of monetary history spent more than 90 years in oblivion in a usual envelope at Ms Denman’s house; the unique bill was accidently discovered there after some time since her death. Currently, the greatest Australian financial legacy is stored in the bank vault of its present owner, which bought the collectible piece for $1 000 000 in 2014.
The Sydney Expo represented to the visitors the other significant money collectible – the silver Holey Dollar. The latter is the first Australian domestic metal currency; the unusual coins with a round hole in the center were made of Spanish colonial dollars by punching out the center and restamping the face value. The Holey Dollars had denominations of five shillings, and the round centers called Dumps were restamped into 15 pence pieces. The DIY-method of punching and restamping was invented in 1813 to prevent the export of Spanish silver coins from Australia. The pristine Madrid Holey Dollar showed at the expo is the only one made of the silver coin originally struck in Spain, not its American colonies; the price of the piece is up to 450 000 dollars.