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.
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.
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.
2-dollar bills can range in value from two dollars to $1000 or more. If you have a pre-1913 2-dollar bill in uncirculated condition, it is worth at least $500. Even in circulated condition, these very old 2-dollar bills are worth $100 and up.
The Reserve Bank of Australia has estimated that approximately 19 million one dollar notes are still in circulation, so most Australian 1 dollar notes are still only worth a dollar each. Some one dollar notes are very valuable if they have the right serial numbers or if they're in mint condition.
Resale prices for the gold coin initially rose to $100, but had since fallen to around $60. The silver coin, however, has continued to rise in price and has now reached $1,200. The Royal Mint said the coins commemorated the 60,000 Australians who served in the Vietnam War and the more than 500 who lost their lives.
While rare serial numbers often generate interest, banknotes will only ever be worth their face value to us.
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.
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.
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.
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.
Low or High Serial Numbers: Those below 1000 or 100, for example 00000100, can sell for $300. In the case of highs it would be 99999900, or something similar. Of course, there are exceptions: A serial number 00000001 could be worth up to $15,000.
For those wanted to cash in big on their $2, look for a red seal. If it was printed in 1890 and uncirculated, it's worth $4,500. Other $2 bills with the red seal range from being worth $300 to $2,500. Some bills with brown or blue seals are also worth hundreds of dollars.
IS YOUR $5 WORTH A FORTUNE? old Australian $5 note could be worth up to $1750. start with 'BA 15'.”
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).
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.
The first two numbers of the prefix, which indicate the year the banknote was produced, are the same for all banknotes printed in the same year. All banknotes on a sheet will have the same suffix, which decreases by one from one sheet to the next.
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.
The reality is that unless you started collecting the coloured $2 coins in 2012, you are unlikely to find anything that has much value. It is possible to find the odd needle in the haystack, but it's uncommon that you're coloured $2 coin has any significant value.
The set was originally sold for $170 - however in recent days, the sets have been valued at as much as $6,000. Kandiah says it's the demand for the $2 Mars coin is driving the huge spike in price for the collection.