$20 1966 - 1993 DETAILED REPORT...

• Denomination: $20
   
• Year of Issue: 1966
   
• Signatories: H.C. Coombs (Governor, Reserve Bank of Australia) / Roland Wilson (Secretary to the Treasury)
   
• Prefix Range: XAA – XDE
   
• Catalogue Reference: Renniks R402
   
• Design Type: First decimal series
   

• Obverse: Sir Charles Kingsford Smith (pioneering aviator)
   
• Reverse: Lawrence Hargrave (aeronautical inventor)
   
• Designer: Gordon Andrews
   
• Watermark: Captain James Cook (standard watermark for first decimal paper notes)
   
• Dimensions: 162 mm x 81 mm
   
• Paper Type: 100% cotton fibre, with metallic security thread
   

• Printer: Note Printing Branch, Reserve Bank of Australia (Melbourne)
   
• Issue Date: 14 February 1966 (Decimal Currency Day — C-Day)
   
• Withdrawn: 1994 (fully replaced by polymer notes)
   

This was Australia’s first $20 decimal note, equivalent to the pre-decimal £10.

• Condition: Uncirculated (UNC) = Crisp, no folds, no handling marks, full original paper sheen
   
• Scarcity: Increasingly scarce in true UNC condition, especially first-prefix XAA
   
• Catalogue Value (2025):
   
  • Common prefixes (mid-range): AUD $1,000 – $1,600
     
  • First prefix (XAA): AUD $3,000 – $5,500 (depending on serial and quality)
     
  • Star replacement notes (*): AUD $6,000+ (highly prized)
     

• High demand among decimal banknote collectors
   
• Value premium for:
   
  • Low serial numbers
     
  • First and last prefix (XAA / XDE)
     
  • Replacement star notes
     
  • Perfect centering and registration
     
• Auction Realisations (2024–2025):
   
  • XAA UNC note: AUD $4,400 (Melbourne, 2024)
     
  • Mid-prefix UNC note: AUD $1,250 – $1,750
     
  • Star replacement UNC: AUD $7,200
     

• Watermark: Clear Captain Cook portrait
   
• Security thread: Fully embedded metallic thread (vertical, visible under light)
   
• Micro-printing: Fine detail in portraits and linework
   
• Paper quality: Crisp, fibre-based with original sheen in UNC

• Denomination: $20
   
• Year of Issue: 1967
   
• Signatories: H. C. Coombs (Governor, Reserve Bank of Australia) / R. J. Randall (Secretary to the Treasury)
   
• Series: Commonwealth of Australia — First decimal series
   
• Catalogue Reference: Renniks R404; Pick 40a
   

• Obverse (Front):
   
  • Portrait of Sir Charles Kingsford Smith, pioneering Australian aviator
     
  • Vignette of Kingsford Smith’s aircraft, the Southern Cross
     
  • Orange-brown multicolour underprint
     
  • Numerals and "COMMONWEALTH OF AUSTRALIA" text
     
• Reverse (Back):
   
  • Portrait of Lawrence Hargrave, aeronautical pioneer
     
  • Hargrave’s box kites and flying machine drawings
     
  • Orange, brown, and light green tones
     

• Watermark: Captain James Cook (in oval)
   
• Paper Type: Rag-based paper (cotton)
   
• Dimensions: 158 mm × 83 mm
   

• Print Quantity: ~61.2 million (high mintage but low survival in Uncirculated)
   
• First $20 issue with Randall signature — issued for a short period (late 1966–1967)
   
• Highly collectible due to short Coombs/Randall pairing (rare compared to Coombs/Wilson or Phillips/Randall)
   

• Uncirculated (UNC): AUD $3,500 – $6,000+
   
  • Higher premium for:
     
    • Exceptional centring
       
    • Crisp, bright original paper
       
    • Low serial numbers
       
    • Solid serial numbers (e.g., repeaters, radar notes)
       
• Investment Status: High demand among Australian pre-polymer collectors, with stable to appreciating values for pristine examples
   

• Sharp intaglio print (raised ink texture)
   
• Clear, sharp watermark visible when held to light
   
• No folds, creases, or handling marks in Uncirculated grade
   
• Original paper sheen (“crackle”) and square corners

• Issue Year: 1968
   
• Signatories:
   
  • Governor: H.C. "Nugget" Coombs
     
  • Secretary to the Treasury: R.J. Randall
     
• Series: Commonwealth of Australia
   
• Type: Decimal Paper Note
   
• Denomination: $20
   
• Prefix Range: First Prefixs: ZAA, General Prefix: ZAB–ZLU
   
• Serial Format: Six digits (e.g., ZAA 000001)
   
• Printer: Note Printing Branch, Reserve Bank of Australia
   
• Material: Paper (before Australia’s switch to polymer in 1988)
   

• Obverse (Front):
   
  • Portrait of Sir Charles Kingsford Smith, aviation pioneer.
     
  • Orange-red, brown, and olive tones.
     
  • Features aircraft imagery and Smithy's signature Lockheed Altair and Southern Cross planes.
     
• Reverse (Back):
   
  • Portrait of Lawrence Hargrave, aeronautical engineer and inventor.
     
  • Features early flying machine designs (box kites, rotary engines).
     

• Metal security thread (thin, positioned near centre).
   
• Watermark: Captain James Cook (visible when held to light).
   
• Fine intaglio printing providing texture.
   

• Standard Uncirculated (UNC):
   
  • Typical market value: AUD $950 – $1,400 depending on prefix, eye appeal, and paper originality.
     
• First Prefix (ZAA):
   
  • Higher premium: AUD $2,000 – $3,500 in strict UNC condition.
     
• Star Replacement Notes (a rare variant with a * in serial number):
   
  • Highly rare: AUD $8,000–$15,000 if found in UNC.
     

Grading standards are strict: notes must have no folds, handling marks, or pinholes to qualify as UNC.
 

• Condition sensitivity: High. Tiny handling marks or bends drastically reduce value.
   
• Desirability: Strong, especially for first prefixes and replacement stars.
   
• Market trend (2023–2025): Values stable to slightly increasing due to growing interest in pre-polymer decimal notes.

• Denomination: $20
   
• Issuing Authority: Commonwealth of Australia
   
• Signatories: Phillips/Wheeler (H.C. "Nugget" Coombs successor J.G. Phillips & F.H. Wheeler)
   
• Series Year: 1972
   
• Printer: Note Printing Branch, Reserve Bank of Australia
   
• Type: Paper banknote (pre-polymer)
   
• Condition Focus: Uncirculated (UNC)
   

FeatureDetailsObverse (Front)Portrait of Sir Charles Kingsford Smith, aviation pioneer; image of the Southern Cross constellation; Lockheed Altair aircraftReverse (Back)Portrait of Lawrence Hargrave, aviation inventor; sketches of early flying machines (box kites and experimental aircraft)Primary ColoursRed-orange and ochreDimensions158 mm x 79 mmWatermarkCaptain James Cook (standard watermark for paper notes of the era)Security FeaturesMetal security thread (embedded), watermarkSerial PrefixesRanging from XAX to XBP (first & last prefix ranges for 1972 issue)  

Grade Estimated Value (AUD)Uncirculated (UNC)$300 — $700+ (depending on prefix, serial number & centring)Star Replacement Notes Significantly higher, often $2,000+ in UNCFirst/Last Prefix (XAX or XBP)Can add 15–50% premium 

• Desirability Factors: Bright original colour, crisp paper, sharp corners, no folds/handling marks, centred margins.
   
• Rarity: Medium — higher availability than earlier Coombs/Wilson $20 but sought after due to historical significance and quality of design.
   
• Common Market Sources: Australian auction houses (Downies, Noble Numismatics), eBay, private dealers.
   

• This series marked the final use of "Commonwealth of Australia" on Australian banknotes before transitioning to simply "Australia" in later issues.
   
• Sir Charles Kingsford Smith remains a popular figure, boosting the note's appeal among aviation and history enthusiasts.

Issuer
Reserve Bank of Australia (RBA)

Series & Design
– Commonwealth of Australia replaced by Australia (first issue: 1974)
– First signature pairing of Phillips/Wheeler with Australia text
– Decimal currency series (introduced 1966)

Signatures
– Governor: John R. Phillips
– Secretary to the Treasury: F.H. Wheeler

Catalogue Reference
– Renniks: R409
– Pick: P-41

Obverse Design
– Portrait of Reverend John Flynn
– Royal Flying Doctor Service biplane (De Havilland DH-50)
– Morse code and pedal radio motifs
– Designer: Gordon Andrews

Reverse Design
– Portrait of Lawrence Hargrave, aviation pioneer
– Early flying machines and kites
– Designer: Gordon Andrews

Security Features (1974 issue)
– Watermark: Captain James Cook (left of note)
– Metallic Security Thread: Embedded (first introduced to $20 in 1967 series)

Dimensions
– 158 mm × 80 mm

Paper Type
– 100% cotton fibre (no polymer)

Prefix Range
– General issue prefixes: XAA – XDX
– First and last prefixes (collectible premiums):
 • XAA (first)
 • XDX (last)

Production & Circulation
– Printed by Note Printing Australia (NPA), Melbourne
– In circulation 1974–1994 (until polymer $20 release)

Market Value (as of 2025)
– Uncirculated (UNC) condition:
 • Common prefix: AUD $400–700
 • First/last prefix: AUD $900–1,500+ (depending on demand and grade)

Key Collector Notes
– First $20 note to omit “Commonwealth of” → significant transitional issue
– Crisp paper, deep red-orange tones, sharp intaglio printing prized
– Popular among decimal and pre-polymer collectors

• Denomination: $20
   
• Issue Year: 1976
   
• Signatories: Sir John Knight (Governor, Reserve Bank of Australia) / M. R. Wheeler (Secretary to the Treasury)
   
• Series Prefix Range: CAA–DJF
   
• Material: Paper (Cotton fibre)
   
• Printer: Note Printing Branch, Reserve Bank of Australia (Melbourne)
   

• Obverse (Front): Portrait of Sir Charles Kingsford Smith, famed Australian aviator; aircraft and route map background; blue/green colour palette
   
• Reverse (Back): Portrait of Lawrence Hargrave, aviation pioneer; box kites, aeronautical sketches; multicoloured ochre/tan background
   
• Watermark: Captain James Cook
   
• Security Features:
   
  • Metal security thread (vertical, near centre)
     
  • Watermark (clear, visible when held to light)
     
  • Intaglio raised print
     
  • Microprint & fine-line patterns
     

• Condition: Uncirculated (UNC) — crisp, no folds, no marks, full original sheen
   
• Estimated Value (as of 2025):
   
  • Common Prefix UNC: AUD $225–350
     
  • First/Last Prefix (CAA or DJF): AUD $300–500+ (depending on serial number & demand)
     
• Serial Number Premiums:
   
  • Low numbers (000001–000100), repeaters, radars, and solid numbers carry significant premiums
     
• Supply: Reasonably available in UNC; higher demand for crisp, centred examples with even margins
   

• Stable demand among Australian decimal collectors
   
• Values up ~5–10% since 2022 due to increased interest in paper pre-polymer notes
   
• First/Last prefixes and error notes (misprints, missing print, ink smears) fetching higher premiums at auction
   
• Popular due to end of paper era nostalgia and iconic aviation-themed design

• Denomination: $20
   
• Issuing Authority: Reserve Bank of Australia
   
• Series: Commonwealth of Australia
   
• Signatories: John R. Knight (Secretary to the Treasury) / Harry F. Stone (Governor, Reserve Bank)
   
• Year of First Issue: 1979
   
• Prefix Range: CAA – DDP
   
• Catalogue Reference: Renniks R.408 | Pick 44a
   
• Material: Paper (100% cotton fibre)
   
• Printer: Note Printing Branch, Reserve Bank of Australia, Melbourne
   

• Portrait: Sir Charles Kingsford Smith (Aviation pioneer)
   
• Background: Smith’s aircraft — Fokker F.VII Southern Cross
   
• Other Elements: Flight map routes, RBA coat of arms watermark, clear microprinting
   

• Portrait: Lawrence Hargrave (Aviation inventor)
   
• Background: Hargrave’s box kites, early aviation experiments
   
• Other Elements: Engineering sketches and documents
   

• Watermark: Captain James Cook portrait
   
• Security Thread: Embedded metallic thread (left of centre)
   
• Intaglio Printing: Raised ink texture on portraits and denomination
   

• Dimensions: 158 mm x 83 mm
   
• Color Scheme: Predominantly orange-red with multicolour tinting
   
• Serial Number Location: Two horizontal numbers (top left, bottom right)
   
• Serial Number Type: Black ink, Gothic font
   

• Condition (Uncirculated): Crisp, no folds, clean margins, sharp corners, vivid color
   
• Rarity (Uncirculated): Moderately scarce but available; higher scarcity in first/last prefixes and special serials (e.g., repeaters, radar numbers)
   

• Standard Prefix (CAA-DDP): AUD $95 – $140
   
• First Prefix (CAA): AUD $150 – $250
   
• Last Prefix (DDP): AUD $170 – $280
   
• Special Serial Numbers: Premiums vary (often 2x–5x standard value)
   

• Last $20 Australian paper banknote issued with Knight/Stone signatures
   
• Paper $20 was replaced by polymer in 1994
   
• Popular with collectors for its aviation theme and distinct orange coloration

• Issuer: Reserve Bank of Australia
   
• Series: Commonwealth of Australia
   
• Denomination: $20
   
• Year of First Issue: 1983
   
• Signatories:
   
  • Johnston: A.S. Johnston (Governor)
     
  • Stone: B.W. Stone (Secretary to the Treasury)
     

• Obverse: Sir Charles Kingsford Smith (aviation pioneer)
   
  • Vickers Vimy aircraft
     
  • Southern Cross constellation
     
  • Stylised globe and map route
     
• Reverse: Lawrence Hargrave (aviation inventor)
   
  • Box kites, flying machines
     
  • Aeronautical diagrams
     
• Designer: Harry Williamson
   

• Dimensions: 152 mm × 76 mm
   
• Material: Paper (100% cotton fibre)
   
• Watermark: Captain James Cook (left side when viewed from front)
   
• Security Features:
   
  • Metallic security thread (windowed, embedded left of portrait)
     
  • Micro-printing and fine line patterns
     

• Prefix Range: CGA – CNZ
   
• Format: 2-letter, 6-digit serial (e.g., CG 83 000001)
   

• Print Run: High (exact figures not publicly disclosed)
   
• Period of Circulation: 1983–1994 (withdrawn and replaced by polymer series)
   

• Crisp, flat note with original sheen
   
• No folds, creases, marks, handling wear
   

• Retail Estimate (UNC): AUD $90–$160
   
• Higher Values:
   
  • First/last prefixes (e.g., CGA000001 or CNZ999999): up to AUD $300+
     
  • Consecutive pairs/sets: premium pricing
     
• Auction Premiums: Strong if graded (PCGS or PMG 66+)
   

• Popular due to aviation-themed design
   
• Last $20 paper note before polymer transition
   
• Widely collected but still affordable
   
• Strong demand for pristine UNC and special serials

• Denomination: $20
   
• Year of Issue: 1985
   
• Signatories: John Johnston (Governor) / Bob Fraser (Secretary to the Treasury)
   
• Prefix Range: From CNC to DND
   
• Type: Paper (not polymer; part of the final paper series before polymer transition in 1994)
   
• Dimensions: 152 mm x 76 mm
   
• Printer: Note Printing Australia
   

• Obverse (Front)
   
  • Portrait: Sir Charles Kingsford Smith (aviator, pioneer)
     
  • Imagery:
     
    • Southern Cross constellation
       
    • Kingsford Smith’s aircraft: "Southern Cross"
       
    • Airmail route map
       
  • Color Theme: Predominantly orange-red
     
• Reverse (Back)
   
  • Portrait: Lawrence Hargrave (aviation pioneer)
     
  • Imagery:
     
    • Box kite designs
       
    • Diagrams of early flying machines
       
  • Color Theme: Orange-red with lighter background imagery
     

• Watermark: Captain James Cook (visible when held to light)
   
• Security Thread: Metallic thread (windowed, running vertically)
   
• Intaglio printing (raised ink texture)
   

• Uncirculated (UNC): AU$125 – AU$250 (depending on prefix, centering, and paper quality)
   
• Special Prefix Premiums:
   
  • First Prefix (CNC): Higher value (AU$250+)
     
  • Last Prefix (DND): Moderate premium
     
• Star/Replacement Notes (ZNC - ZND): Highly collectible, often AU$400+ (UNC)
   

• Common in circulated grades
   
• Scarcer in crisp UNC condition (especially with perfect centering and full margins)
   
• Popular for collectors of pre-polymer notes and aviation-themed numismatics
   

• Condition-sensitive — UNC notes should have:
   
  • No folds, bends, pinholes, or handling marks
     
  • Sharp corners and vibrant colors
     
• Slabbed (graded) examples by PMG/PCGS garner higher premiums
   
• Replacement/star notes and first/last prefixes are standout targets for serious collectors

• Denomination: $20 AUD
   
• Year of Issue: 1989
   
• Signatories: R.A. (Bob) Fraser (Secretary to the Treasury) & Bernie Phillips (Governor, Reserve Bank of Australia)
   
• Prefix Range: ZAA–ZDF (General issue)
   
• Serial Format: 2-letter/6-number (Zxx 000000)
   
• Catalogue reference: Renniks R413
   

• Obverse (Front):
  Portrait of John Flynn (Founder of the Royal Flying Doctor Service)
  Features medical symbols, De Havilland DH.50 aircraft, pedal radio
   
• Reverse (Back):
  Portrait of Reverend John Flynn and RFDS service imagery (flying doctor and outback scenes)
   
• Designer: Gordon Andrews (Designed Australian decimal banknotes, 1966 series)
   
• Dimensions: 152 mm × 75 mm
   
• Material: Cotton fibre paper
   
• Watermark: Captain James Cook (Standard watermark for decimal paper notes)
   

• Watermark: Captain James Cook portrait (visible when held to light)
   
• Metallic security thread: Windowed thread, embedded vertically
   
• Micro-printing and fine line engraving: Anti-counterfeiting measures
   

• Last $20 paper note before polymer transition (polymer $20 introduced in 1994)
   
• Commonly hoarded in Uncirculated condition due to end-of-paper era
   

• UNC (Uncirculated): AUD $95–150 (depending on prefix and centering)
   
• Star Note (ZDF last prefix): Rare — AUD $400–600+
   
• First Prefix (ZAA): Slight premium — AUD $120–160
   
• Consecutive pairs/sets: Attracts premiums
   

Graded examples (PMG/PCGS):

• Gem UNC 65+ fetches top-end prices
   

• Stable collector interest — end-of-paper era nostalgia
   
• Slight premiums rising for pristine UNC with strong embossing and no handling marks
   
• Scarce prefixes and Star notes continue outperforming base issues

• Issuer: Reserve Bank of Australia
   
• Denomination: $20
   
• Series Year: 1989
   
• Signatories: R.A. (Bob) Fraser (Secretary to the Treasury) / B.W. (Bernie) Higgins (Governor, Reserve Bank of Australia)
   
• Catalogue Reference: Renniks R-416
   

• Obverse (Front): Portrait of Sir Charles Kingsford Smith, Australian aviation pioneer. Features include:
   
  • Southern Cross constellation
     
  • Kingsford Smith’s aircraft Southern Cross
     
  • Sydney skyline of the 1930s
     
  • Printed signature pair: Fraser/Higgins
     
• Reverse (Back): Portrait of Lawrence Hargrave, aeronautical inventor. Features include:
   
  • Hargrave’s box kites and flying machine designs
     
  • Early aviation motifs
     

• Watermark: Captain James Cook (visible under light)
   
• Metallic security thread: Embedded vertical windowed thread
   
• Microprinting and fine-line patterns for anti-counterfeiting
   

• Material: Cotton-based paper
   
• Dimensions: 152 mm × 76 mm
   
• Colour Scheme: Predominantly orange-red with multicoloured intaglio printing
   

• Introduced: 1985 (general design), Fraser/Higgins specific print run dated 1989
   
• Withdrawn: Gradually phased out after the introduction of polymer $20 in 1994
   
• Estimated print run: Several million (exact RBA figures not disclosed; moderately available in Unc condition)
   

• Catalogued retail value (Renniks 32nd edition, 2025):
   
  • ~AUD $40 to $70 depending on prefix and crispness
     
• Notable prefixes:
   
  • Common: AHQ, AHY
     
  • Scarce: First and last prefixes (AHQ… to AHZ) may attract premium
     
• Auction results (2024–2025):
   
  • Typical Unc notes sell between AUD $50–80
     
  • Exceptional examples (First/Last prefix, consecutive pairs, or star notes) can exceed AUD $100+
     

• Last paper $20 series before full polymer transition
   
• Attractive due to iconic aviation theme and historical significance
   
• Generally accessible and popular starter note for collectors of Australian decimal paper money

• Denomination: $20
   
• Series: Commonwealth of Australia (Paper banknote)
   
• Issue Year: 1991
   
• Signatories: Bernie Fraser (Governor, Reserve Bank of Australia) / Tony Cole (Secretary to the Treasury)
   
• Catalogue Reference: Renniks R-413
   
• Material: Paper (Cotton fibre)
   

• Obverse (Front)
   
  • Portrait: Sir Charles Kingsford Smith (pioneering Australian aviator)
     
  • Main Features:
     
    • Aircraft imagery (Fokker F.VIIb/3m "Southern Cross")
       
    • Map of flight paths
       
    • Fine line patterns and micro-printing security
       
• Reverse (Back)
   
  • Portrait: Lawrence Hargrave (aviation pioneer and inventor)
     
  • Main Features:
     
    • Box kites and early flying machines
       
    • Engineering sketches and diagrams
       
    • Strong aviation innovation theme
       

• Watermark: Captain James Cook (right-hand side when held to light)
   
• Metallic Security Thread: Windowed thread running vertically
   
• Micro-printing: Tiny text visible under magnification
   
• Intaglio Printing: Raised ink texture on major design elements
   

• Prefix Range: GAA – GGP
   
• Format: 2-letter, 6-digit (e.g., GAA 123456)
   
• Fonts: Gothic typeface, black ink
   
• Position: Horizontal left & vertical right on obverse
   

• Print Run: Estimated ~70–80 million (across multiple prefixes)
   
• Circulation Period: Until phased out by polymer $20 note (introduced 1994)
   

• Uncirculated (UNC): AUD $80–130 (common prefixes)
   
• Exceptional Prefixes (First/Last): Up to AUD $180+
   
• Star Notes: None officially issued in 1991
   
• Premium Factors:
   
  • Consecutive runs
     
  • Low serial numbers
     
  • Special prefixes (e.g., first prefix GAA, last prefix GGP)
     

• Highly sought as the final $20 paper note before polymer transition
   
• Fraser/Cole signature combo has mid-range rarity within paper $20 issues
   
• Demand steady among type-set and signature-set collectors
   
• Storage advice: Mylar sleeve, cool/dry conditions to prevent paper deterioration

The 1993 Australian Fraser/Evans $20 Paper Banknote is a highly regarded and significant piece of Australian currency, notable for its historical value and the key features it possesses. Below is a detailed report on the note:

• Date of Issue: 1993
   
• Signatories: The banknote features the signatures of John Fraser, the Secretary of the Treasury, and David Evans, the Governor of the Reserve Bank of Australia (RBA).
   
• Material: This banknote is made from paper (not polymer, which was introduced later) and was part of a series that included other denominations featuring similar designs.
   
• Denomination: $20 (AUD)
   
• Series: The 1993 series was issued as part of the Australian Government’s effort to replace older notes with more secure and visually distinct versions.
   

• Obverse:
   
  • Portrait: The front of the banknote features a portrait of Mary Reibey, a well-known historical figure in Australian history who was a prominent businesswoman and philanthropist. Her image was chosen for the banknote because of her role in the growth of early Australian commerce.
     
  • Other Elements: The note displays various security features such as watermarks, microprinting, and fine-line printing for counterfeiting protection.
     
• Reverse:
   
  • The reverse of the note highlights the Australian trading schooner, a reference to Reibey’s contribution to Australian commerce. This side also includes representations of Australia’s heritage and landscape.
     

• Watermark: A portrait of Mary Reibey is visible when the note is held up to the light.
   
• Security Thread: The note incorporates a metallic thread that is visible on the right side.
   
• Microprinting: Small text appears throughout the note to prevent counterfeiting.
   
• Fluorescent Ink: Certain areas of the note feature fluorescent ink that glows under UV light.
   
• Embossed Features: Raised features for tactile identification are also included for visually impaired users.
   

• Uncirculated Condition: A note described as "uncirculated" has never been in public circulation, maintaining a pristine condition with no creases, folds, or signs of handling.
   
• Value: An uncirculated 1993 $20 paper banknote in perfect condition holds a premium over its face value due to its rarity, historical significance, and pristine quality.
   
• Collectible Market: Banknotes in uncirculated condition are particularly sought after by collectors and investors. This condition is a key factor in determining the note’s market value, which can vary depending on demand and the specific features of the note.
   

• The value of the 1993 Fraser/Evans $20 paper banknote in uncirculated condition can vary, typically ranging from $40 to $100 AUD, depending on the demand among collectors and the exact condition. Some examples, especially those with serial numbers in low or desirable ranges, may fetch higher prices at auction or among specialist collectors.
   

• This banknote forms part of Australia's evolution of currency design and anti-counterfeiting measures.
   
• The shift from paper notes to polymer in the mid-1990s marked a significant moment in Australian monetary history.
   
• The note reflects a period of modernization in the currency design, and as the last paper series before the introduction of polymer notes, it holds particular value for numismatists.
   

• The 1993 Fraser/Evans $20 paper banknote is an essential item for any Australian currency collection. Its uncirculated condition makes it even more valuable for collectors seeking high-quality, historical banknotes. The combination of unique design features and its historical significance in Australian currency evolution makes it a cherished piece for those interested in Australian numismatics.