Affordable, historic and beautifully presented, this impressive set represents the ‘currency crossroads’ for the Australian $5.
By the 1980s, an extensive review of the nation’s currency was underway. Due to issues of durability and cost-effectiveness, the $1 and $2 banknotes were replaced with coinage in 1984 and 1988 respectively. Ultimately, the paper $5 banknote was replaced with a polymer version, but in the 1980s, there was much speculation that the $5 note would follow the path of its lower denomination counterparts and be replaced with a coin. This theory was given weight when, in 1988, the Royal Australian Mint struck the nation’s first $5 coin.
The Last Note, First Coin $5 Pack forms a lasting record of this tumultuous time in Australian currency history. Representing the end of an era, the pack includes the last $5 paper note – issued from 1991 and bearing the facsimile signatures of Bernie Fraser, Governor of the Reserve Bank of Australia, and Secretary to the Treasury, Tony Cole. Symbolising ‘what might have been’, Australia’s first $5 coin forms the perfect complement. Spanning an imposing 38.74mm, this coin was issued in 1988 to celebrate the launch of the then new Commonwealth Parliament.
A premium grade memento of Australia’s ‘currency crossroads’, with both the last $5 note and first $5 coin presented in Uncirculated condition, this affordable set is housed within an illustrated, informative pack.