Story

Last note and first coin

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 note 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 Australia $5 Last Note and First Coin Uncirculated Pack forms a lasting record of this tumultuous time in our currency history. The end of an era, the pack is highlighted by 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 forms the perfect complement. Spanning 38.74mm, this groundbreaking coin was issued in 1988 to celebrate the launch of the then new Commonwealth Parliament.
2 25Y81CAA Australia 5 Dollar Last Note and First Coin Uncirculated Pack InCardOpen

Presentation packaging

Preserving the impeccable Uncirculated quality for the long-term, Australia’s last $5 paper note and first $5 coin are set behind archival bubble and housed in a superbly illustrated and informative pack.

Specifications

Specifications

Year

1988

Metal

Base Metal

Monetary Denomination (AUD)

5.00

Minimum Gross Weight (g)

28.000

Maximum Diameter (mm)

38.74

Finish

Uncirculated

Legal Tender

Australia

Effigy

Raphael Maklouf design of H.M. Queen Elizabeth II

Designer

Stuart Devlin

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