World Currency
Australia Commonwealth of Australia £20 ND (1918) Pick 7c R65b. The last variety of this denomination, with bold X suffix and Cerutty-Collins signature. Despite its lower denomination, it is the one with the lowest number of notes outstanding, according to the government census taken on 31st August 1945, when all denominations £20 and above were declared not valid for legal tender for security purposes. Only slightly more common than the R65a, but still a rare offering at auction. A problem free PMG Very Fine 25. From the Drs. Joanne and Edward Dauer Collection of Australian Banknotes HID08701242017
Estimate: 30000-40000 USD