Paper Money

Coin honors first Aussie note

Australia’s first bank note, printed a century ago, is now for sale with an asking price of $3.5 million Australian.

New silver commemorative coins replicating the note’s design from the Perth Mint have a far smaller price tag.

On May 1, 1913, 5-year-old Judith Denman turned the handle on a printing press and Australia’s first bank note — denominated 10 shillings — received serial number M000001. Prime Minister Andrew Fisher, the proponent of the Australian note series, gave her the note, which returned to England with her when Lord Denman, her father, stepped down as governor general in 1914.

She died in 1987, and the note was discovered among her effects in 1999. It sold in 2000 for $1 million Australian. Another sale in 2008 brought a reported $1.9 million Australian, according to Australasian Coin and Banknote Magazine (March 2000 and May 2008 issues).

Cataloged as Virtually Uncirculated, the note has a fine centerfold resulting from its early storage, and not its usage, according to Coinworks, the firm that is attempting to find a buyer.

The announcement of the sale and the asking price, which is equivalent to about $3,587,315 U.S., was made on May 1, the anniversary of the note’s manufacture.

The announcement may have upstaged a new coin and stamp set from the Perth Mint that honors the first bank note.

Released May 10, the set contains a rectangular Proof .999 fine silver dollar with the note in color on the reverse, and the Ian Rank-Broadley effigy of Queen Elizabeth II on the obverse.

A 60-cent stamp in the set shows the recipient of the first note, while a $2.60 note in the set depicts the Australian coat of arms.

A total of 3,000 sets are available. The coin weighs 31.135 grams, and measures 47.6 millimeters wide and 27.6 millimeters tall. Design is credited to Wade Robinson.

Coinworks has created a dedicated website for the first note,, where as noted, the item has a price tag of $3.5 million Australian.

Talisman offers the replica set for a much more affordable $99.95. Shipping and handling require an additional charge.

To order, telephone Talisman Coins at 888-552-2646 or visit ¦

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