First Australian Banknote Expected to Sell for $3.6M

Geo Beats
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The first Australian banknote is expected to sell for $3.6 million.

See a coin or small bill on the ground? You may want to pick it up because it’s true worth isn’t necessarily dependent on the face value.

The first ever banknote issued in Australia will soon be up for sale by Melbourne based monetary dealer, Coinworks. Expected to sell for approximately $3.6 million, the bill is currently labeled as a record holder after it sold for a little under $2 million back in 2008.

Evidently the note increased dramatically in value during the 5 year time span. The 10-dollar Australian note was discovered in 1999 among the personal belongings of the deceased Judith Denman.

She was the daughter of the former governor-general and had received the note as a gift from the then Prime Minister when she was just 5 years of age in May of 1913. The banknote’s serial number of M000001 easily depicts it as the first to be produced.

Earlier this year, a coin called the ' Flowing Hair Silver Dollar' sold for more than $10 million at a New York City auction. The coin was minted in 1794 and it pictures a side profile of Lady Liberty.

It is believed that the monetary piece was the first silver dollar made in the United States given its perfect condition.