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.
'Rare': Your $5 note could be worth $1,750
If you still carry cash with you, pull your wallet out: your $5 banknote could be worth much, much more than that. TikToker 'The History of Money' has revealed that some special bank notes with a certain serial code at the top-right corner are worth more.
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 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. Many non-collectors think it is crazy that 2 Australian dollars might be worth that much money!
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.
While rare serial numbers often generate interest, banknotes will only ever be worth their face value to us.
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).
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.
We Sell Rare Australian Fifty Dollar Paper Banknotes
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.
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.
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 Reserve Bank, and most commercial banks, will redeem old Australian banknotes at face value. If you take your old banknotes to a commercial bank they may exchange them for current banknotes.
USA 1882 $100 Gold Certificate – $117,500 (£94k) Gold certificates were used as paper currency in the USA between 1863 and 1933. They guaranteed the bearer the note's value in gold. The rarest specimens are worth a fortune – this 1882 $100 version, one of just seven, went under the hammer for $117,500 (£94k) in 2013.
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 need to worry as withdrawn notes can always be exchanged at the Bank of England for new notes and there is no deadline.
$5. The $5 paper banknote was first issued in 1967 and features Sir Joseph Banks and Caroline Chisholm. Banks was a naturalist and sailed with Captain James Cook to Botany Bay in 1770.
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.
A new $2 coin commemorating the end of the Vietnam War has skyrocketed in value and is now selling for up to $1,200 online. The Royal Australian Mint released two $2 coins earlier this month to commemorate 50 years since the end of Australia's involvement in the Vietnam War.
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.
They were released in two versions, a non mintmark version, and a 'C' mintmark coin. The low mintage of just 500,000 makes the non mintmark coin worth around $100 while the 'C' mintmrk coin can be worth $300 or more.
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.
If you see a “solid” serial number on your note — such as 55555555 — you can expect to get as much as $500 from collectors. Even more valuable are binary bills in which the serial numbers only have two numbers, such as 29299299. Some of these notes sell for more than $800 on eBay.
Sites like Heritage Auctions might give you some idea of the value if you own bills worth more than face value. Heritage Auctions touts itself as the world's largest numismatic auctioneer. Coin World is another website that might be able to give you an idea of what your bills are worth.