Watch the TikTok video above As well as a serial number that starts with 'BA 15'. “Depending on the condition, it is worth between $100 and $1750,” he added. TheHistoryOfMoney went on to explain the notes are so valuable as it was the “last print run of the old $5 series before the new $5 notes came out”.
“It could be worth a small fortune.” “Depending on the condition, it is worth between $100 and $1,740!” he wrote. The reason why these are so valuable is because the Royal Australian Mint doesn't create these anymore. These notes were the 'last print run of the old $5 series before the new $5 notes came out,” he said.
'It needs to have a Stevens/Fraser signature combination,' the man explained in the video. He also said the note's serial number has to begin with 'BA 15' for the note to be worth the big sum. 'Depending on condition it is worth between $100 and $1,750,' he revealed at the end of his video.
All Australian banknotes that have previously been issued into circulation by the Reserve Bank remain legal tender and can continue to be used.
A 1969 Philips-Randall $5 note is selling for a whopping $2,250. Source: M.R Roberts Wynyard Coins. These particular banknotes are missing the last serial number, with a '*' in place of it, and command “a huge premium” over the value of a standard note, according to a blog post on The Australian Coin Collecting Blog.
The first 'plastic fiver', with the serial number AA01 000001 was ceremonially presented to the Queen, with just 999,998 other fivers left with the prefix AA01. This sounds like a lot, but it is actually rare, as there are more than 400million £5 notes in circulation.
Exchanging old notes
This note replaces our paper £5 note which was withdrawn from circulation on 5 May 2017. You may be able to deposit withdrawn notes at your own bank or with the Post Office. Alternatively, you can exchange withdrawn banknotes with selected Post Office branches or with the Bank of England.
All genuine Bank of England banknotes that have been withdrawn from circulation retain their face value for all time and can still be exchanged over the counter. There is no fee for this service and there is no expiry on the period in which we will exchange old notes.
Surprisingly, old Australian paper banknotes can be quite valuable. Online banknote and coin specialist site, The Right Note, are selling notes ranging between $1500 and $15,000.
Australian $2 notes were issued from 1966 right up until they were replaced by Australian 2 dollar coins in 1988. Some Australian 2 dollar notes can be particularly valuable with certain serial numbers or if they are in mint condition. Values can reach up to $5,000 for the rarest old Australian two dollar bill.
The Reserve Bank, and most commercial banks, will redeem old Australian banknotes at face value.
The coin or bank note doesn't necessarily have to be particularly old. If it has a flaw or an error was made when it was designed or if it was the first of its type, these are all features that could give the cash a higher than face value worth.
If the $2 bill was minted and printed before 1976, it will likely be worth more than its face value on the collectibles market. In some cases, it might be worth only $2.25. The highest value is $4,500 or more for uncirculated notes from 1890, although most of those bills range in value from $550 to $2,500.
Exchanging old banknotes
Many banks accept withdrawn notes as deposits from customers. The Post Office will also accept withdrawn notes as a deposit into any bank account you can access at the Post Office. And you can always exchange withdrawn notes with us.
Currency that is still valid, but is simply worn, ripped, or in otherwise poor condition can be replaced at a bank. Deposit the money into any account, and the bank's relationship with their country's central bank and minting service will ensure that it is swapped for fresh currency.
British consumers enjoy withdrawing £5 notes so much that the Bank of England (BOE) has announced a ten-fold increase in the amount of the denomination that will be dispensed from UK cash machines.
Yes. You can exchange up to £300 of paper banknotes in any £5, £10, £20 and £50 denominations of the last series at participating branches within any two-year period.
Banks no longer have to legally accept old paper notes and coins once they have been withdrawn from circulation. However, some do continue to allow customers to deposit them into their accounts.
Banks that allow you to exchange paper notes will generally allow you to deposit the money into the account that you hold with them. Banks and building societies happy to exchange the old notes include Halifax, Lloyds, Nationwide, Barclays and HSBC - though keep in mind they may have a cut-off date.
Some five dollar notes can be particularly valuable with the right serial numbers or if in mint condition, reaching up to $6,500 for the rarest Australian $5 note.
2-dollar bills can range in value from two dollars to $1000 or more. If you have a pre-1913 2-dollar bill in uncirculated condition, it is worth at least $500. Even in circulated condition, these very old 2-dollar bills are worth $100 and up.
One of the most valuable dollar bill variations in the world, called a “ladder” in collector's parlance, could be worth about $6,000, according to the Penny Hoarder website: “When the serial number ascends (e.g. 12345678) or descends (e.g. 8765431) in order, collectors call it a ladder.