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. Collectors may wish to have their banknotes appraised by a reputable banknote and coin dealer.
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.
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 designs of Sir John Monash and Dame Nellie Melba have been seen on Australian hundred dollar notes since 1996. Some notes can be particularly valuable with the right serial numbers or if in mint condition, the rarest polymer 100 dollar bill can reach up to $2,750 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.
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.
Age - Older 2-dollar bills are more valuable than newer ones, as a general rule. Serial number - 2-dollar bills feature different serial numbers, some of which are more valuable. Misprints - Certain misprints, such as seals that are doubled or not placed properly, are very rare but are valuable.
Most large-size $2 bills issued from 1862 through 1918, are highly collectible and are worth at least $100 in well-circulated condition. Uncirculated large-size notes are worth at least $500 and can go up to $10,000 or more.
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.
“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.
Generally, the more unique the serial number on your dollar bill, the more likely it is to be worth more than face value. Some examples of uniqueness include repeating numbers, numbers with a star after them and sequences (such as 12345678).
Of the 14 signature combinations printed on the $20 note since its issuance, the 1967 and 1989 issues are of the greatest value, while generally any notes printed in the first or last batch of a release often fetch top dollar with the right buyer.
Valuable £5 notes - the signs to watch for
The closer the banknote is to the very first batch produced, the more valuable it could be. These are the notes that start with the 'AA01' prefix. If your note is then followed by a serial code in the low digits, it's likely to be even more attractive.
Palindromes are words or numbers that read the same way, backward or forward. Some very rare $2 bills from 1976 feature serial numbers that are also palindromes. Because these bills are so rare, they can be quite pricey, fetching as much as $95. The ladder is the rarest variety of the 1976 two-dollar series.
There are two uncirculated $2 bills that have a value that can exceed $4,500, according to U.S. Currency Auctions. Both are treasury notes from 1890. One has a brown seal, while the other has a red seal.
According to the USCA website, any $2 bill with a red seal printed between 1862 and and 1896 is worth big bucks. The top payout is $4,500, and that's if the bill was printed in 1890 and uncirculated. Other $2 bills with the red seal range in worth from $300 to $2,500.
The Huffington Post denies the controversial $20,000 valuation of all 2$ bills after this remarkable appraisal at a Toronto auction house. Only the 1986-series bill with an AUH-prefix on the seven-digit serial number below the bill's pic is worth the whopping 20 grand.
How Much Is a $1 Silver Certificate Worth? That depends on the type of $1 silver certificate. For instance, a Series 1896 $1 Silver Certificate Educational note in good condition is worth more than $500 while a $1 Black Eagle Silver Banknote Certificate in the same condition can fetch just above $110.
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.
Happen across one of these bad boys while you're noodling and you're probably looking at a $2000 coin. At that value we're happy to say that not only is the $2 coin struck on a Euro planchet one of the most rare Australian 2 dollar coins, it's almost certainly the most valuable one you might find while noodling.