The serial number in the top left hand of the banknote needs to begin with AA14 or JC14. If that's the case, your $50 may be worth as much as $1500. The reason for its value is simple but arbitrary: there are not very many of them. And collectors are willing to pay high prices for banknotes just because they're rare.
A 50 dollar note can be particularly valuable with the right serial numbers or if it is in mint condition, values can reach up to $1,250 for the rarest polymer 50 dollar bill.
Australian $50 notes were issued from 1973 up until they were replaced in 1995. Some notes can be particularly valuable with the right serial numbers or if in mint condition, reaching up to $950 for the rarest notes.
You may think that $50 bills are extinct, considering how rare you'll come across them when getting your change back, or withdrawing cash from the bank. But, these bills are still in circulation and down for printing when needed. In fact, 5% of all banknotes printed nowadays are $50 bills.
786 Holy Fancy Number
The number 786 is considered to be lucky, many collectors like collecting notes with this series appearing on the serial numbers. Now, the choice is yours, apply all kinds of logic, permutations and combinations and make your own fancy number note collection.
Valuable $50 notes will have a Stevens/Parkinson signature combination on one edge. The Perth-based currency whiz also said the serial number in the top corner has to begin with AA 14 or JC 14 to be worth the large sum. If kept in good condition, the banknotes are worth between $70 and $1500.
Approximately 5% of all notes printed today are $50 bills. They are delivered by Federal Reserve Banks in brown straps. A $50 bill is sometimes called a "Grant" based on the use of Ulysses S.
The $50 note includes an embedded security thread that glows yellow when illuminated by UV light. When held to light, a portrait watermark of President Grant is visible from both sides of the note. In addition, the note includes a color-shifting numeral 50 in the lower right corner of the note.
Early serial numbers - AA01 is best, but anything with an A could be valuable. Consecutive serial numbers - such as JT 1234567. Significant serial numbers - such as the birth date or death date of the person featured on the note. Popular serial numbers - such as 007 or AK47.
All Australian banknotes that have previously been issued into circulation by the Reserve Bank remain legal tender and can continue to be used. New $5, $10, $20, $50 and $100 banknotes are now in circulation.
A highly collectible U.S. currency note representing only a tiny fraction of all issued… Star notes are created to replace newly printed bills that are defective and then destroyed; this is a highly sought-after vintage $50 Federal Reserve star note.
Once upon a time, though, $500, $1,000, $5,000, $10,000 and $100,000 bills were in circulation. After the last printing of those denominations in 1945, the Treasury Department and the Fed discontinued them in 1969.
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.
A gambler's phobia that dictates $50 bills are bad luck to use or possess. The exact origin of the superstition is unknown, but it would be extremely rare to see a $50 bill (USD) distributed at a casino cage or used by a poker player to buy into a tournament or cash game.
1862: The first circulating $50 bill was issued. 1863: Both one and two-year Interest Bearing Notes were issued that paid 5% interest. The one-year Interest Bearing Notes featured a vignette of Alexander Hamilton to the left and an allegorical figure representing loyalty to the right.
One of the most expensive bills is a 1891 $1,000 Silver Certificate “Mercy” Note, which is sometimes consider the “unicorn” of United States paper money, and it is estimated to draw $1.75 million to $2.25 million because there are only two of them left in the world.
The United States has never issued a million dollar bill. However, many businesses print million dollar bills for sale as novelties. Such bills do not assert that they are legal tender. The Secret Service has declared them legal to print or own and does not consider them counterfeit.
Standard two-dollar paper notes from 1988 - the last year of issue before Australia switched to a two-dollar coin - are now fetching as much as 10 times their nominal value. A one-dollar note from 1972 - featuring a delightfully youthful looking Queen Elizabeth II - can be worth as much as $95.
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.
Low Serial Numbers are quite popular to collect, paper money collectors usually look out for any number below 100, or even 1,000 as they're the most desirable of the low serial numbers. Such as any number below 00001000, or 00000100.
A serial number with all of the same numbers isn't the only kind to watch out for, you should also keep an eye out for ones with really low numbers, like 00000002, ones with really high numbers, ones with repeating number patterns like 12312312, ones that only use the same two numbers like 19919119, and flippers - ones ...
Hire a professional appraiser to grade your coins and tell you how much it is worth. The American Society of Appraisers and International Society of Appraisers have searchable directories of professional appraisers. A dealer might also be able to help.