old Australian $5 note could be worth up to $1750.
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.
Some old banknotes may be valuable as collector items. The Reserve Bank does not provide opinions concerning the market value of old, rare or misprinted banknotes. Old banknotes may be appraised by a reputable banknote and coin dealer.
'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.
Most commercial banks will redeem old Australian banknotes at face value. A commercial bank may require some time to confirm that a banknote from a previous series is genuine or may need to send such banknotes to the Reserve Bank for confirmation.
The $1 note was replaced by a $1 coin in 1984, while the $2 note was replaced by a smaller $2 coin in 1988. Although no longer printed, all previous notes of the Australian dollar are still considered legal tender.
While there are five different series of the $5 dollar bill from 1934, most well-preserved banknotes are only worth $8 to $12. Rare 1934 $5 bills, mainly rare seals, errors, and star notes, can be worth $45 or more depending on the market and paper condition.
All of the banknotes are printed with a unique serial number in special ink that fluoresces under ultra violet light. You can also use the serial number to tell when the banknote was printed. Look at the first two digits on this $50 note. This one was printed in 2009.
The pound (Sign: £, £A for distinction) was the currency of Australia from 1910 until 14 February 1966, when it was replaced by the Australian dollar. Like other £sd currencies, it was subdivided into 20 shillings (denoted by the symbol s or /–), each of 12 pence (denoted by the symbol d).
Some one dollar notes are very valuable if they have the right serial numbers or if they're in mint condition. The rarest Australian dollar note can sell for up to $7,500. Although Australians use one dollar coins today, 1 dollar notes are still incredibly popular with collectors decades after they were replaced.
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.
On 12 April 2016, the Reserve Bank of Australia announced a new design for the 5-dollar banknote would be introduced into circulation on 1 September 2016, the fourth polymer $5 banknote issued since 1992.
The Reserve Bank has decided to update the $5 banknote to feature a new design that honours the culture and history of the First Australians. This new design will replace the portrait of Her Majesty Queen Elizabeth II. The other side of the $5 banknote will continue to feature the Australian Parliament.
1861: The first $5 bill was issued as a Demand Note with a small portrait of Alexander Hamilton on the right and an allegorical statue representing freedom on the left side of the obverse.
1963 $5 Dollar Bill Value (Red Seal)
A red seal appears on money that was issued by the US government from 1862 to 1971. The seal meant that the Treasury had a direct obligation to redeem that note to get silver or gold.
Serial Number
A unique combination of eleven numbers and letters appears twice on the front of the note. Each note has a unique serial number. The first letter of the serial number corresponds to the series year.
There are unique features that can change that, like errors or “a fancy serial number.” “A true serial number 1 banknote or notes with solid serial numbers can be worth thousands, while some errors can also launch an item into that value range,” Johnson says.
Since the issuance of NNS polymer banknotes, the median life has ranged widely across denominations – from 3.5 years for $5 banknotes up to 10 years for $50 banknotes – even though all Australian banknote denominations are produced with the same technology and have identical security features.
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.
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.