The last digit was replaced with a star or asterisk. Starnotes replaced soiled or damaged notes and were inserted into bundles for accuracy in accounting by the banks. It also tells us if we have a very rare star note which is very valuable. The serial number tells us if the paper note is a first issue, last issue or general issue for that series. There should be two serial numbers on the front of the note and they should match -3 letters followed by 6 numbers. The note will have an embossed feel.Īfter you have identified the signatures on your banknote then another important factor in determining the notes value is the serial number. The note also has a metallic security thread running vertically through the note which can also be seen when you hold the note up to the light. Hold your $20 banknote up to the light and in the white space you’ll see a watermark, the profile of Captain Cook which was manufactured in the paper as an anti-counterfeiting measure. Early notes form 1966 to 1974 read ‘COMMONWEALTH OF AUSTRALIA’ on the top (see note imaged) and from August 1974 to 1994 this was shortened to read ‘AUSTRALIA’.Įach Australian paper banknote has security features hidden away in the note. The denomination is shown as ’20’ and appears twice on the front of the note and twice on the back. The back portrays Lawrence Hargrave with his drawings of flying machines and kites. The front shows a portrait of Sir Charles Kingsford Smith with pendulum tracings symbolic of wings, 2 serial numbers and 2 signatories. It replaced the ten pound note which was of similar colouring. The Australian $20 was first issued in 1966, it was made of paper with red/yellow/black print.
Firstly though, we’ll identify the paper banknote. Whose signatures are on the note, what the serial number is, and the condition of the note which is known as the grade. The value of the Australian paper $20 note can be determined when we know 3 things. Australian Paper $20 Note Phillips Wheeler 1972 General Prefix Fine Value about $30 (2015)
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