Australian two-dollar note

Two Dollars

(Australia)
Value	2 Australian dollars
Width	152 mm
Height	76 mm
Security features	metallic security thread, Watermark
Paper type	Cotton fibre
Years of printing	1966–1988
Obverse
Design	John Macarthur and Merino sheep
Designer	Gordon Andrews
Design date	1965
Reverse
Design	William Farrer and Wheat
Designer	Gordon Andrews
Design date	1965

The Australian two dollar note was introduced in 1966 due to decimalisation, to replace the £1 note which had similar green colouration. The note was issued from its introduction in 1966 until its replacement by the two dollar coin in 1988.

Security features

The paper design included a watermark in the white field of Captain James Cook, the watermark was also used in the last issue of pound banknotes. A metallic strip, first near the centre of the note, then from 1976 moved to the left side on the obverse of the note.

Removal from circulation

The two dollar note was replaced by a gold-coloured coin in 1988, due to the longer service life and cost effectiveness of coins. These notes can still be redeemed at face value by the Reserve Bank of Australia and most commercial banks,^[1] but numismatics and note collectors may pay a higher price for these notes depending on age and condition.

References

1. Redemption of old Australian Banknotes — Reserve Bank of Australia

• Ian W. Pitt, ed. (2000). Renniks Australian Coin and Banknote Values (19th ed.). Chippendale, N.S.W.: Renniks Publications. ISBN 0-9585574-4-6.