What is the value of a Commonwealth of Australia Twenty Dollar note with the prefix XAB?

Answer 1

The "Commonwealth of Australia" 10 Dollar paper note was issued in 1966, 1967, 1968 and 1972 and are no longer in circulation. After these issues, "Commonwealth of" was dropped. If it has been circulated and there is nothing unusual about it, it might fetch up to face value or a little more. If there is something unusual about it like the first of a series, all serial digits the same, a "Star" note, a notable defect in printing, etc., and it is still in very good condition or better, it might fetch up to $850 AUD or more. If it is uncirculated and there is nothing unusual about it, and in mint condition, it might fetch up to $220 AUD. If there is something unusual about it as previously described, it might fetch up to $14,000 AUD or more.

Answer 2

An Australian 1966 Twenty Dollar note (Coombs/Wilson - serial XAB), uncirculated and in absolute mint condition could fetch anything up to $135 AUD. If it has been circulated but still in good condition, it might fetch anything from $28 to $55 AUD.

A reputable coin dealer will be able to give a more accurate valuation.

Answer 3

Based on the serial number provided, this note features the signatures of Coombs and Wilson, and was issued between February 14th 1966 and part way through 1967.

Despite their age and importance (as the very first type of Australian paper $20 note issued), they are not particularly rare. Collectors generally pay a premium of up to $60 for notes in perfect "mint" condition.

Notes that are not in perfect condition will be worth significantly less, however as they remain legal tender many are still taken to the bank and exchanged for current $20 notes.