If you’re using a catalogue to value your paper notes, whether they be decimal or pre-decimal you should exercise caution. To work out if your paper note has any value over the face value of the note then pick up a copy of an Australian coin catalogue, ask someone with some banknote knowledge or take it to your local coin and banknote dealer. If the serial number has a star it is very valuable indeed -these are replacement notes and command a large premium. The prefix is the first 2 or 3 letters in the notes serial number. First and last prefix notes are often more collectable and command a premium to general prefix notes. Secondly the serial number is important in determining where your note falls in the run or manufacturing sequence of the notes. These features will help you determine the notes year of issue. The signatures belong to the Secretary to the Treasury and the Governor and these appear on the note. To value an Australian paper note first you must identify the famous Australians portrayed and the signatures the note bears. In 1966 Australia changed to decimal currency and introduced the one dollar and two dollar notes followed by 5, 10, 20, 50 and 100 dollar notes. Before 1966 Australia printed pre-decimal notes in ten shillings, one pound, 5,10, 20, 50 and 100 pound denominations. Sign up today at: paper banknotes can be very valuable but how do you know what your old note is worth? Banknotes used to be made of paper before the currently used polymer or plastic notes came into circulation. – Swap their spare coins with other Change Checkers – Find and identify the coins in their pocket If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to: So if you are genuinely interested in collecting banknotes, the chief cashier is what you should really be looking for. These £5 polymer banknotes will always be considered the ‘first’ polymer banknotes regardless of what serial number they hold and importantly uncirculated notes or those in good condition will also always be more sought after. This is where real rarities can be found – in the form of Chief Cashier signatures.īanknote designs rarely change but on average cashiers change every 5 or 6 years with some in the position for as little as 3 years. Generally collecting banknotes is not about the serial number it possesses, instead the chief cashier is of most interest, particularly on UK banknotes. There are many ways of assembling collections of banknotes, for example banknotes that feature famous people (scientists, writers or politicians) or banknotes with historical context such as those from a certain era. In fact, Graham Short’s work has an insurance valuation of £50,000 so these £5 notes will give you an extra £49,995 of value if you find one… Serious Collectors: What to look for…Ĭollecting banknotes is a serious hobby that many thousands of people all over the world enjoy. The first set features author Jane Austen and more recently notes featuring Harry Kane have been put into circulation and could be worth more than £20,000. Micro-engraver Graham Short has created special £5 notes, engraved with tiny portraits. However…ĭo look out for these £5 notes worth more than £20,000 in circulation! If you come across a fiver with a micro-engraved portrait of either Jane Austen or Harry Kane, whatever you do, do NOT spend it. There were countless stories and accounts of plastic banknotes fetching eye-watering sums of money after the launch, but one eBay seller took things a step further when he listed his ‘upside down’ banknote.Īlthough the seller stated in the description that the listing was a joke, he still received lots of serious questions about the note. So as much as I wish it could be true, reality check – don’t expect a big payout if you do find one. In fact I’m almost certain that every single person in the country checked their new note at some point to see if they were lucky enough to find one with the prefix AA01.Īlthough a banknote with the prefix AA01 might be worth slightly over face value to someone who is genuinely interested, we must remember that 1 million AA01 banknotes were printed. When they were first released, the new polymer banknotes created a collecting storm. Although there must be plenty of James Bond fanatics out there, we can think of so many other items of James Bond memorabilia that fans could spend £5,000 on! And realistically, if you had the choice, which would you prefer to spend £5K on? What about the AA01 banknotes?
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |