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No, the largest denomination issued was the $100,000 note.
Check the note, but it almost surely would start on the date the note is issued.
In current legal tender $100 note. However in 1878 there was a $10,000 note and a "demand note" with a value of $50,000,000 was issued in 1861.
its a Bond.
A paper note that a borrower promises to repay money in a certain length of time is called a promissory note. A bank loan is a type of promissory note. Individuals can also use this type of note when someone owes them money.
Australia. The Reserve Bank of Australia (RBA) in conjunction with the Commonwealth Scientific and Industrial Research Organisation (CSIRO) developed the first polymer bank notes which were issued as a trial in 1988. The trial was not especially successful and the process was refined. The polymer $5 note was first issued in 1992. The polymer $10 note was first issued in 1993. The polymer $20 note was first issued in 1994. The polymer $50 note was first issued in 1995. The polymer $100 note was first issued in 1996. By the end of 1996, all of Australia's circulating bank notes were of the new polymer type and the old paper notes were progressively withdrawn.
The first Bank of England Twenty Pound note was issued in 1725. The first Bank of England decimal Twenty Pound note was issued in 1970.
It's a proper term for paper currency, where the bill was issued by a specific bank, such as the Bank of England or US Federal Reserve.
William Shakespeare appeared on the Series "D" Twenty Pound note. The note was first issued on the 9th of July, 1970, and last issued in 1991, and ceased to be legal tender on the 19th of March, 1993.
The first woman to appear on US paper currency was Pocahontas, who appeared on the reverse of a an $20 National Bank Note issued in 1865. Martha Washington was the only other woman to appear on paper money. Her portrait was used on $1 silver certificates that were issued from 1886 to 1896.
The last paper Twenty Dollar notes were issued for circulation in 1993, the first polymer notes were issued in 1994. Your banknote is possibly a part of one of the several different types of "First and Last" sets issued (not intended for circulation). The paper note you describe seems to have been issued as a collectors item either as a single paper note or together with the new polymer note, both in a presentation folder. The problem is that neither of them are described as having red serial numbers and the note may also have an inscription on the front. They are definitely a collectible and, in mint condition and the original packaging, could fetch up to $350 AUD. I suggest you take your note to a reputable coin dealer who will be able to positively identify it for you and give a more accurate valuation.
If by "banknote" you refer to paper money including promissory notes and Treasury notes, the Bank of England and its predecessors have issued various forms of paper currency from as early as 1694. It is extremely likely that earlier forms of paper money were issued by different countries, but not as general circulation currency. Very few English notes have survived from prior to 1775.
Australia did not have its own currency in 1907. The Australian Five Pound note was first issued in 1914. The Australian Five Dollar note was first issued in 1967.
The Bank of England first issued a regular Fifty Pound note in around 1725. The Bank of England issued the modern Fifty Pound note in 1981.
You do not specify a country. The first Australian One Hundred Dollar note was issued well after Australia's changeover to decimal currency in 1984. The first New Zealand One Hundred Dollar note was issued at New Zealands changeover to decimal currency in 1967.
Have another look. The Queen is not on the Australian Ten Dollar note, only the polymer Five Dollar note issued since 1992. Prior to the issue of polymer notes, she appeared on the paper One Dollar note issued from 1966.
The first paper currency authorized by the US Treasury was issued in 1861. Prior to that date, thousands of private banks issued their own money in hundreds of designs. In order to give an estimated value on your five dollar note, much more information concerning it is required.