r85 – Mc125 # 1974 Phillips/Wheeler Two Dollar Banknotes
Australia

r85 1974 Phillips/Wheeler Two Dollar Note
Obverse John Macarthur with Merino Sheep
Reverse William James Farrer with Wheat Ears
Signatories J. G. Phillips, Governor, Reserve Bank of Australia
F. H. Wheeler, Secretary to the Treasury
Size 145.00mm [width], 72.50mm [height]
Composition Paper
Watermark Captain Cook in left panel
Serial NumbersPrefix HBQ 528001 to HLP 999999

Notes : The Commonwealth of Australia logo at the top of the note was replaced by Australia. According to Michael Vort-Ronald's publication Australian Decimal Banknotes : Paper Issues [Second edition, 2000, ISBN 0958758093] the change took place following a directive of then Prime Minister, Gough Whitlam, that where possible, references to the 'Commonwealth of Australia' should be changed to 'Australia' in official descriptions generally. Mr Whitlam believed that the term 'Commonwealth' no longer carried the same sort of relevance in the 1970s, in particular because of its associations with "British Commonwealth" and "Commonwealth of Nations". The Government reviewed the wording in 1977 but decided not to direct the Reserve Bank to change it due to the cost involved and other factors, such as consistency in the use of 'Australia' on both banknotes and coins.

Valuation : r85 – Mc125 # Phillips/Wheeler Two Dollar Banknotes

 FineVFEFaUNCCFU
1998 4 610 2030
2003 5 1015 2550
2008 9 1530 4085
Auction Prices
2012  81330[14] 32
2013     44
2014     41
First serial prefix HBQ # r85F – Mc125a
r85F First prefix HBQ 1974 Phillips/Wheeler Two Dollar Banknotes
 FineVFEFaUNCCFU
2008 50 90175 250350
Auction Prices
201213    
Last serial prefix HLP # r85L – Mc125b
Last Serial Prefix HLP r85L Phillips/Wheeler Two Dollar Banknotes
 FineVFEFaUNCCFU
2008 30 60115 170250
Auction Prices
2012     

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