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50 Dollars

Issuer Reserve Bank of Australia
Year 1973-1994
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Currency Dollar (1966-date)
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Obverse lettering AUSTRALIA FIFTY DOLLARS THIS AUSTRALIAN NOTE IS LEGAL TENDER THROUGHOUT AUSTRALIA AND ITS TERRITORIES GOVERNOR, RESERVE BANK OF AUSTRALIA SECRETARY TO THE TREASURY
Reverse description Intaglio bust portrait of Sir Ian Clunies Ross in left profile at centre-left, surrounded by a detailed composite vignette illustrating scientific and technological research themes, including space research imagery, circuit patterns, agricultural motifs, and molecular structures, rendered against a warm gold and green guilloche underprint. Numeral '50' appears at upper left and lower right, with 'AUSTRALIA' inscribed across the top.
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Australia's first $50 note entered circulation in 1973 as part of the decimal series that had launched in 1966, filling a gap between the $20 and $100 that the Reserve Bank had initially hesitated to create, fearing it would prove too convenient for tax evasion and cash-heavy transactions. The note ran for over two decades under eight different signature combinations — an unusually long lifespan that generated significant variation in serial typography, most notably the mid-run shift from the plain Johnston & Fraser font to the OCR-style variant, a detail that trips up collectors who assume the series is monolithic.

Replaced in 1995 by the polymer $50, the cotton paper issue now attracts steady collector interest, particularly the earlier Phillips & Wheeler examples.