$5 Last Note & First Coin Pack

$5 Last Note & First Coin PackAffordable, historic and beautifully presented within a superbly designed ALL NEW pack, this impressive set represents the currency crossroads for the Australian $5. By the 1980s, an extensive review of the nations currency was underway. Due to issues of durability and cost effectiveness, the $1 and $2 banknotes were replaced with coinage in 1984 and 1988 respectively. Ultimately, the paper $5 note was replaced with a polymer version, but in the

Affordable, historic and beautifully presented within a superbly designed ALL-NEW pack, this impressive set represents the ‘currency crossroads’ for the Australian $5.

By the 1980s, an extensive review of the nation’s currency was underway. Due to issues of durability and cost-effectiveness, the $1 and $2 banknotes were replaced with coinage in 1984 and 1988 respectively. Ultimately, the paper $5 note was replaced with a polymer version, but in the 1980s, there was much speculation that the $5 note would follow the path of its lower denomination counterparts and be replaced with a coin. This theory was given weight when, in 1988, the Royal Australian Mint struck the nation’s first $5 coin.

The Australia $5 Last Note & First Coin Uncirculated Pack forms a lasting record of this tumultuous time in our currency history. The end of an era, the pack is highlighted by the last $5 paper note – issued from 1991 and bearing the facsimile signatures of Bernie Fraser, Governor of the Reserve Bank of Australia, and Secretary to the Treasury, Tony Cole. Symbolising ‘what might have been’, Australia’s first $5 forms the perfect complement. Spanning 38.74mm, this groundbreaking coin was issued in 1988 to celebrate the launch of the then new Commonwealth Parliament. Crucially, Australia’s last $5 note and first $5 coin are presented in strictly Uncirculated condition.