The E-Sylum:  Volume 11, Number 11, March 16, 2008, Article 24

FIRST AUSTRALIAN BANKNOTE SELLS FOR RECORD AUS$1.909 MILLION

The first banknote printed in Australia has become the nation's
most expensive money, selling for a record $1.909 million.

The 10 shilling note was the showpiece item of the International
Auction Galleries Australian and World Rare Coin and Banknote
Auction at the Sofitel in Broadbreach, Queensland.

The note was bought by Sydney trader John Pettit for a client
with an extensive private collection.

"He's got one of the best Australian banknote collections and
he wants this as the iconic piece in his collection," said Mr
Pettit, of John Pettit Rare Banknotes.

The banknote was printed on May 1, 1913, and presented to
Governor-General Thomas Denman's daughter Judith by Labor
prime minister Andrew Fisher.

"It's a note that all collectors know because of the photograph
of the Governor-General's daughter holding it up when it was
being printed."

Mr Pettit said the whereabouts of the piece had been unknown
until it turned up in a letter file in a drawer in England
in 1999.

The historic banknote, with the serial number M000001,
returned to its homeland when it was bought by an Australian
collector eight years ago.

To read the complete article, see:
Full Story

[E-Sylum subscriber Kerry Rodgers had a nice a article about
the note in the March 2008 issue of bank Note Reporter (p71).
-Editor]

  Wayne Homren, Editor

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