Did They Get Paid? - Coin Community Forum

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Author	Replies: 8 / Views: 1,973
Ausjack Pillar of the Community Australia 841 Posts	Posted 07/23/2012 8:23 pm I was just thinking about our very first lot of $5 polly notes and was wondering if the unit that first thought of the numbering system got paid and what were they thinking Report this Post to the Staff

MobOfRoos Pillar of the Community Australia 762 Posts	Posted 07/25/2012 03:00 am Yeah it was pretty ordinary. The person who dreamt up the prefixes for the first decimal notes in 1966 didn't have a lot of forsight either. Didn't leave enough room for the $50 and $100 notes so the $20 & $50 prefixes ran out. Report this Post to the Staff
Mr T Pillar of the Community Australia 2180 Posts	Posted 07/25/2012 06:01 am I thought something similar was done with pre-decimal notes (inconsequential numbers in the prefix). I bet there was a feeling of 'why didn't we think of that earlier' with the use of the year in the prefix. Report this Post to the Staff
Peter THOMAS Pillar of the Community Australia 2830 Posts	Posted 07/25/2012 10:46 am Given that coins have carried a date for hundreds of years, it amazes me that notes were not dated until the era of polymer. Report this Post to the Staff
trout1105 Pillar of the Community Australia 7096 Posts	Posted 07/25/2012 3:21 pm Quote: Given that coins have carried a date for hundreds of years, it amazes me that notes were not dated until the era of polymer US and Canadian notes have been dated for quite a long time now, It is a wonder why we didn't adopt the same idea a lot sooner. Report this Post to the Staff
Ausjack Pillar of the Community Australia 841 Posts	Posted 07/25/2012 5:41 pm I suppose we should give some leniency as it was the 60's And trout, we'll have to get Sap to confirm but I'd say there were a few reason, it was because we didn't print enough to worry about it. You know the good old Aussie, she'll be right mate attitude until the pollies come out and they wanted to keep a better track of it as they were intending to print heaps due to our low dollar were as when it was paper it was heaps higher..maybe? One thing that's surprised me is that we haven't made bigger notes like the US to cover the now billions that we have and soon to be like the US again when we hit to the trillions..just a thought come on Sap help me out mate Edited by Ausjack 07/25/2012 5:44 pm Report this Post to the Staff
MobOfRoos Pillar of the Community Australia 762 Posts	Posted 07/26/2012 09:00 am Quote: One thing that's surprised me is that we haven't made bigger notes The $100 note was issued way back in 1984 and would have been worth many times the value of a modern $100. I can only assume that with electronic transfers of money being so popular these days that there has been no need to issue higher denominations. Its a shame though. I guess the reason notes never used to have the year on them is tied up in the history of them. My understanding is that originally they didn't represent actual money, they only represented the promise of money. Report this Post to the Staff
Ausjack Pillar of the Community Australia 841 Posts	Posted 07/27/2012 02:16 am or you wouldn't be far off the money roo Report this Post to the Staff
nealeffendi Pillar of the Community Australia 852 Posts	Posted 07/31/2012 08:01 am MobOfRoos Your mistaken as to why they have not issued higher denominations. They (the government, police, reserve banks etc) want to restrict cash transactions and get all transactions recorded. Not just to control narcodollars or terrorist fundings (the excuses they give) but also to crack down on black markets, cash payments, tax avoidance and libertarian types. If they can see it they can tax or confiscate it and its easier to seize funds in an electronic account than wads of cash hidden away by the populace And its fiat money so its not even a promise of money (that promise of money ceased to be printed on Australian banknotes around 1931 but that promise had ceased to be honoured in 1915. Look at the early 10 shilling notes and their promise to pay the bearer on demand a half sovereign). Report this Post to the Staff
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