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Both researchers divided the first two types of banknotes issued, the two varieties were classified as "issued" and "printed".
His portrait is ubiquitous, including on new banknotes issued this week.
Banknotes issued by all seven are legal currency and can be accepted throughout the UK.
It allows us a sense of self-importance in an era in which Britain no longer rules the waves, yet the Queen's head can still be found on banknotes issued as as far afield as Canada and the Falkland Islands.
Zimbabwe's people need huge sums of money to carry out even simple transactions as inflation soars, and new banknotes issued by the central bank in denominations of $1 million, $5 million and $10 million did not immediately relieve the country's cash shortage as long lines persisted at banks.
But the numbers have been falling as jobs disappear under the barrage of hyperinflation - currently estimated to be about 9m% but predicted to hit 100m% within three months - and a currency devaluing so fast that banknotes issued just a few months ago are now not worth enough to buy a single sheet of toilet paper.
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Items range from the Bordeaux vineyard Chateau Latour, bought for six hundred million pounds, to a hundred-billion-dollar banknote issued by Zimbabwe's central bank, worth only one U.S. dollar.
A £100 banknote issued by the States of Jersey including a holographic portrait of the Queen is being made available.
Also in the running for the prize, voted for by IBNS members, Sweden's 20 krona, Russia's 100 rouble, the 20,000 tenge note from Kazakhstan and the £5 banknote issued by Scotland's Clydesdale Bank.
Free blacks were depicted on a $10 banknote issued by the Bank of Catasauqua in Pennsylvania in the late 1850s.
Michael Shishman's seal is depicted on the reverse of the Bulgarian 2 levs banknote, issued in 1999 and 2005.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com