Yes, you can cash in old Australian notes at face value through the Reserve Bank of Australia (RBA) or most commercial banks, as they remain legal tender, but notes in good condition might be worth more to collectors, so consider getting them appraised by a dealer first, especially if they're pre-decimal or rare.
The Reserve Bank redeems all previously issued Australian banknotes at face value. Although they are not obliged to do so, most commercial banks will also redeem old Australian banknotes at face value.
It is U.S. government policy that all designs of Federal Reserve notes remain legal tender, or legally valid for payments, regardless of when they were issued. This policy includes all denominations of Federal Reserve notes, from 1914 to present as per 31 U.S.C. § 5103.
Take it to a bank to either deposit or trade it in. The bank will then send it to the reserve bank to destroy it/ remove it from circulation.
Some notes can be particularly valuable if they have the right serial numbers or if they're in mint condition. The rarest $1 notes can sell for up to $7,500 each.
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.
These are some of the rarest and most valuable $1 bills that can fetch you a pretty penny (note that the values here are for bills in excellent condition): 1890 $1 Treasury Note: $1,000. 1928 $1 Bill: $1,000. 1923 $1 Bill: $1,000.
Many banks will still accept old notes from existing customers, allowing you to deposit them into your account. The banks that will do this include Barclays, Halifax, Lloyds, Nationwide, NatWest and Santander.
The rare Australian coin that sells for around $60,000 (or more, depending on condition) is the 1930 Australian Penny, an accidentally minted coin from the Great Depression era with a very low mintage, making it a "numismatic superstar" sought by collectors for its rarity and historical significance. Its value comes from being the lowest mintage pre-decimal Australian coin, with only about 1,500 believed to exist in circulation, notes 9News.com.au and Network Ten.
The Reserve Bank of India set 7 October 2023 as the 2000 note exchange last date for banks. After this deadline, the RBI bank 2000 notes exchange facility is available only at 19 RBI Issue Offices subject to relevant RBI or Government regulations (up to a limit of Rs. 20,000 at a time).
You can exchange them by post too taken from Bank England website Exchanging old notes by post There is no deadline to exchange old banknotes with the Bank of England by post.
Mutilated/damaged banknotes can be exchanged at a commercial bank branch where a member of the public holds an account.
The value of an old Australian $10 note varies greatly, from face value ($10) for circulated notes to thousands of dollars for rare examples in mint condition, especially those from the 1966-1972 paper series with star replacements, specific signature combinations (Coombs/Wilson, Johnston/Fraser), first/last prefixes, or error notes (like AA prefix 1988 Bicentennial polymer notes). Most common notes are worth face value unless they have these collector-desired features, but even standard decimal notes (1974-1993) can fetch higher prices in uncirculated condition.
Australian $1-2 notes were issued from 1966 right up until they were replaced by coins in 1988. Some notes can be particularly valuable if they have the right serial numbers or if they're in mint condition. The rarest $2 notes can sell for up to $5,000 each.
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 banknotes
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 directly.
If you take your old banknotes to a commercial bank they may exchange them for current banknotes. Please bear in mind that a commercial bank may require time to confirm that a banknote from a previous banknote series is genuine or may need to send such banknotes to the Reserve Bank for confirmation.
Exchanging old notes
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. There is no deadline to exchange old banknotes with the Bank of England.
The commemorative $10 note was the first banknote to be printed on polymer substrate with an integrated optically variable device; it was released on 26 January 1988, the bicentenary of Governor Arthur Phillip's naming of the colony Sydney Town.
Did not see Series 1977 A listed, however 1977 uncirculated worth $15, uncirculated "Star" worth $20. Since it is in circulated condition somewhat less than that.
A specific type of misprinted $1 bill from the 2013 Series, particularly in matching pairs, can be worth up to $150,000 to collectors, due to an error where millions were printed with duplicate serial numbers. To identify one, check for a "Series 2013" date near George Washington's photo, a "B" Federal Reserve seal, and a serial number ending in a star (★) within specific ranges (e.g., B00000001★ - B00250000★).
Most $2 bills are worth face value, but older bills (pre-1976), those in uncirculated condition, or bills with errors (like star notes, low serial numbers, or misprints) can be worth hundreds or even thousands of dollars, with rare 19th-century notes fetching thousands. Key factors are age, condition (crisp and folded is best), and unique serial numbers or printing mistakes.