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1969 $5 Note Star Note Phillips/Randall R203s Uncirculated

1969 $5 Note Star Note Phillips/Randall R203s Uncirculated

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A wonderful example of what many collectors rate as Australia’s rarest decimal star note.

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1969 $5 Note Star Note Phillips/Randall R203s Uncirculated

Serials: ZNC 75008*


Ex the Bramwell Clive Jellettt collection: Lot #3460, Noble Numismatics Auction 94 (July 2010). Estimate: $10,000, Hammer: $10,000, Nett: $11,650.

A wonderful example of what many collectors rate as Australia’s rarest decimal star note.

John Grant Phillips was Governor of the Reserve Bank of Australia between July 23rd 1968 and July 22nd 1975.

Sir Richard John Randall was Secretary to the Treasury from October 28th 1966 until October 31st 1971.

$5 notes with this signature combination were issued over a much shorter period than that - October 1969 through to October  1972.

The mintage of the regular $5 notes with these two signatures was 84,400,000, whereas the mintage of the Phillips Randall $5 star replacement note is just 101,619.

The ratio of star notes to regular notes for the Phillips Randall $5 note was 831 to 1, which is the second lowest mintage out of all of Australia's decimal star replacement notes.

If the prices realised at auction are any guide to which note collectors regard as the rarest Australian decimal star replacement note, then the R203s has taken out that title regularly over the years.

The Phillips Randall $20 note might have a lower overall mintage, however values for that note in comparable quality have been eclipsed by the most keenly-sought Phillips Randall $5 stars in the past.

This particular note is as straight as a die - as one would expect for this grade, there isn't a fold to be seen on it. Much of the intaglio ink  remains raised, and the serial numbers remain deeply impressed into the paper. The paper has an original sheen which is seldom seen these days on any decimal note from that period, let alone a rare star replacement note.

One tiny pinch in the upper top right corner of the note is the only disturbance to the paper's completely original quality, and is only mentioned for accuracy.

Bramwell Jellett was a prominent South Australian collector who was active between the 1950's and the late 1980's. Once complete, his collection contained (among many other things), a strong Holey Dollar and several 1813 Dumps; a Type II Adelaide Pound; a 1930 penny and a range of truly superb paper decimal star replacement notes.

This fantastic note could be proudly kept in the finest collection of Australian decimal star notes.

Click here to read our article that explains just what a star replacement note is.

Click here to read our article that explains how to collect star replacement notes.