AUSTRALIAN paper decimal banknotes

AUSTRALIAN paper decimal banknotesAUSTRALIAN paper decimal banknotesAUSTRALIAN paper decimal banknotes
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AUSTRALIAN paper decimal banknotes

AUSTRALIAN paper decimal banknotesAUSTRALIAN paper decimal banknotesAUSTRALIAN paper decimal banknotes

What A Grand Looking Note...

    Twenty Dollars 1966 - 1993

    Sydney's early architect Francis Greenway, and Henry Lawson, one of Australia's best known poets and short story writers, were shown on the $10 note. Australia's banknotes were also transformed in this period. In 1988, harry Williamson was chosen to lead the design team, with a theme of 'settlement'. First banknote in the world to be printed on a non-fibrous polymer substrate.

    $20 Market Value Estimate...

    1966  Coombs/Wilson  Uncirculated

    Prefixes XAB - XBN  L: $62  H: $150  [$150] [$150]

    First Prefix XAA  L: $353  H: $666  [$675] [$675]

    Last Prefix XBP  L: $331  H: $569  [$700] [$700]


    1967  Coombs/Randall  Uncirculated

    First Prefix XBQ  L: $3640  H: $3700  [$8750] [$5250]

    Prefix XBR  L: $3680  H: $9100  [$5750] [$8000]

    Last Prefix XBS  L: $5000  H: $11100  [$9500] [$9000]


    1968  Phillips/Randall  Uncirculated

    Prefixes XBT - XET  L: $245  H: $413  [$400] [$400]

    First Prefix XBS  L: $450  H: $788  [$800] [$800]

    Last Prefix XEU  L: $321  H: $725  [$725] [$725]

    STAR Prefix ZXA  L: $14400  H: $25500  [$31500] [$31500]


    1972  Phillips/Wheeler  Uncirculated  'Commonwealth of Australia' 

    Prefixes XEW - XGX  L: $270  H: $325  [$450] [$400]

    First Prefix XEV  L: $456  H: $825  [$800] [$800]

    Last Prefix XGY  L: $506  H: $774  [$875] [$900]


    1974   Phillips/Wheeler Uncirculated  'Australia' 

    Prefixes XGS - XLG  L: $658  H: $1400  [$500] [$475]

    First Prefix XGY  L: $1050  H: $2300  [$2300] [$2300]

    Last Prefix XLH  L: $438  H: $763  [$800] [$850]


    1976  Knight/Wheeler  Uncirculated

    Prefixes XLK - XST  Centre Thread  L: $199  H: $398  [$400] [$400]

    First Prefix XLJ  Centre Thread  L: $413  H: $675  [$675] [$675]

    Last Prefix XSU  Centre Thread  L: $444  H: $750  [$775] [$775]

    Prefixes XQS - XUY  Side Thread  L: $275  H: $560  [$480] [$480]

    First Prefix XQR  Side Thread  L: $3500  H: $6000  [$6000] [$6000]

    Last Prefix XUZ  Side Thread  L: $494  H: $850  [$900] [$900]


    1979  Knight/Stone  Uncirculated

    Prefixes XVB - VDQ  Gothic  L: $116  H: $220  [$220] [$220]

    First Prefix XVA  Gothic  L: $294  H: $525  [$575] [$650]

    Last Prefix VDQ  Gothic  L: $438  H: $750  [$725] [$725]

    Prefixes VDS - VGW - OCR-B  L: $190  H: $320  [$325] [$325]

    First Prefix VDR - OCR-B  L: $1000  H: $1730  [$1750] [$1750]

    Last Prefix VGX - OCR-B  L: $431  H: $750  [$850] [$850]


    1983  Johnston/Stone  Uncirculated

    Prefixes VFW - VQJ  L: $116  H: $170  [$240] [$240]

    First Prefix VFV  L: $450  H: $800  [$875] [$900]

    Last Prefix VQK  L: $419  H: $725  [$725] [$725]


    1985  Johnston/Fraser  Uncirculated

    Prefixes VQM - EYC - OCR-B  L: $59  H: $156  [$130] [$120]

    First Prefix VQL - OCR-B  L: $200  H: $363  [$400] [$500]

    Last Prefix EYD - OCR-B  L: $363  H: $600  [$650] [$750]

    Prefixes EJZ - ENA  Gothic  L: $455  H: $550  [$650] [$625]

    First Prefix  EJY  Gothic  L: $681  H: $1350  [$1200] [$1150]

    Last Prefix ENB  Gothic  L: $1030  H: $1850  [$1850] [$1950]


    1989 Phillips/Fraser  Uncirculated

    Prefixes EVK - EYC  L: $75  H: $220  [$180] [$180]

    First Prefix EVJ  L: $288  H: $525  [$500] [$550]

    Last Prefix EYD  L: $363  H: $513  [$475] [$500]


    1989  Fraser/Higgins  Uncirculated

    Prefixes EYF - RKA  L: $68  H: $186  [$150] [$150]

    First Prefix EYE  L: $255  H: $463  [$500] [$550]

    Last Prefix RKB  L: $288  H: $538  [$550] [$650]


    1991  Fraser/Cole  Uncirculated

    Prefixes RHH - ABP  L: $58  H: $119  [$120] [$110]

    First Prefix RHG  L: $263  H: $463  [$475] [$475]

    Last Prefix ABQ  L: $513  H: $913  [$900] [$1100]

    Prefix AAA [Issued by NPA]   L: $97  H: $158  [$190] [$190]


    1993  Fraser/Evans  Uncirculated

    Prefixes RZW - ADJ  L: $55  H: $136  [$110] [$110]

    First Prefix RZV  L: $213  H: $375  [$375] [$425]

    Last Prefix ADK  L: $63  H: $210  [$135] [$135]

    Prefix  AAA [Issued by NPA]  L: $101  H: $164  [$200] [$200]


      

    $20 Note (1966–1993)

    • Red note issued from 1966 to 1993.
       
    • Features Lawrence Hargrave (aviation pioneer) and Sir Charles Kingsford Smith with aircraft motifs.
       
    • Collectability: One of the most widely used denominations, hence uncirculated examples are valuable. First/last prefix examples highly collectible.



    Commonwealth

    Phillips-Wheeler banknotes of 1972


     

    Australia

    Phillips-Wheeler banknotes of 1974


     

    Thread (center thread and side thread)

    Starting in 1974, the Reserve Bank added a metallic security thread down the center of banknotes as a new security feature. Because the center position is also the place where people fold their banknotes, they used prematurely. This is why the Reserve Bank moved the position of the thread to the side. The location of the thread (a dark line) can easily be found by looking at the banknote with enough lights passing through it.

    Gothic

    It refers to the font used for the serial number. Gothic font is narrow compared to the OCR-B one.


     

    OCR-B

    It refers to the font used for the serial number. OCR-B (Optical Character Recognition) font is narrow compared to the Gothic one. OCR-B function was to facilitate the optical character recognition operations by specific electronic devices. It was accepted as the world standard in 1973.


     

    Star (*)

    It refers to the star (pre-decimal) or asterix (decimal) that can be found at the end of the serial number to indicates replacement notes.



    LAST UPDATED: 2nd September 2025


    1968 $20 Phillips/Randall “Star” — ZXA 34431* (VF)

    A scarce survivor from Australia’s early decimal era...


    1968 $20 Phillips/Randall “Star” — ZXA 34431* (VF)


    A scarce survivor from Australia’s early decimal era, this Commonwealth of Australia $20 carries the asterisk (“*”) after its serial — marking it as a star replacement note. Star notes were inserted to replace misprinted sheets and, in Australia, were used from 1948 until 1972, making them a finite—and avidly pursued—subset of our paper money. 


    What sets this piece apart is its prefix. For the 1968 $20 signed Phillips/Randall, ZXA was the only star prefix, with a tightly limited run of 62,500 notes (numbered ZXA 00001–62500**), roughly 1 star per ~1,053 regular notes. Your note ZXA 34431* sits squarely in that range. 


    Design-wise, the note showcases Sir Charles Kingsford Smith at right and Lawrence Hargrave on the back—Gordon Andrews’ bold, modernist tribute to Australian aviation. Like all early decimal paper notes, it bears the Captain James Cook watermark and the “Commonwealth of Australia” title (used until 1974). 


    Grade & Eye Appeal (VF)

    In Very Fine (VF), expect several vertical and horizontal folds, light handling, and honest circulation tone, but with sound paper, intact margins, and no major faults. Star notes in true VF still present well, retaining good colour and detail.


    Market snapshot (Australia)

    Dealers regularly flag the 1968 $20 ZXA star as the key and only star of the $20 paper series, which underpins demand.
     

    Recent comparable dealer listings for ZXA star $20s show VF examples offered in the low-to-mid A$2,000s–A$3,000s (context: asking prices vary by eye appeal and certification).
     

    Fast facts

    Type: Star replacement (asterisk after serial)
     

    Serial: ZXA 34431* (within the sole star range)
     

    Signatures: M.J. Phillips / R.J. Randall (1968)
     

    Issue context: Only $20 star of the paper series (1966–1993)
     

    Design & security: Kingsford Smith / Hargrave; Captain Cook watermark; “Commonwealth of Australia” legend (pre-1974 paper)
     

    Collectors’ note

    Because it’s the only $20 star and has a single, short prefix run, ZXA-star notes command a premium across grades. In VF, originality (unpressed paper, no repairs), neat margins, and absence of pinholes or edge nicks materially influence price. Certification by a recognized TPG can improve liquidity in auction settings.


    Auction BUY:  $1500

    Private SALE:  $3425

    ROI: 128.3%

    WANTED TO BUY...

    Please reach us at austbanknotes@protonmail.com or via website message board

    WANTED TO BUY...

    • $20  1967  Coombs/Randall 
    • $20  1972  Phillips/Wheeler


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