The $1 banknote was replaced by a $1 coin in 1984, while the $2 banknote was replaced by a smaller $2 coin in 1988. Although no longer printed, all previous notes of the Australian dollar are still considered legal tender.
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.
Australian $10 notes were issued from 1966 up until they were replaced in 1993. Some notes can be particularly valuable with the right serial numbers or if in mint condition, reaching up to $6,000 for the rarest notes.
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!
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.
However, even a $2 bill from the 1800s that has been well-preserved will rarely be worth more than about $1000 dollars; there simply isn't much demand for $2 bills among collectors for them to fetch the very high prices of other rare currencies.
'Rare': Your $5 note could be worth $1,750
These “rare” bank notes look just like ordinary $5 notes – but have a serial code that begins with “BA 15”, he said in a TikTok video which has already amassed more than 19,000 likes. This code is called the Stevens/Fraser signature combination, the TikToker revealed.
We Sell Rare Uncirculated Five Dollar Paper Banknotes
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.
They are part of the Australian Pound banknotes series. The Commonwealth Bank of Australia started issuing these 1000 Australian Pound banknotes in 1914.
Which Australian One Dollar Coins Are Valuable? Australia's rarest one dollar coin is the 2000 $1/10c mule - this is the one to look for!
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.
In 1904, $4 bills ceased being issued, but they continued to circulate for several years after that; however, by 1947, according to a Globe and Mail article, they would rarely show up in circulation anymore. Today, the bills are a collector's item.
Since $10,000 notes were last issued back in 1934, they are extremely rare. You are not likely to ever see one in circulation, and they currently remain soundly in the possession of collectors.
Though a gold three-dollar coin was produced in the 1800s, no three-dollar bill has ever been produced. Various fake US$3 bills have also been released over time. These generally poke fun at politicians or celebrities such as Richard Nixon, Michael Jackson, George W.
£5 notes with certain features are being sold for up to £400 on auction platforms, such as eBay. These notes have unique serial numbers with some indicating they were the first batch. Other high-value £5 notes include those with serial numbers that spell out innuendos or contain errors.
Is there a $500 note in Australia? NO! Did you know, according to the Reserve Bank of Australia (RBA), there are 300 million $100 notes that are in circulation, almost three times the number of $5 notes. Less than 10 per cent of $100 banknotes ever issued have returned to the RBA as unfit banknotes.
This kind of note is wanted by collectors, as they were part of the 'star' replacement notes issued by the Reserve Bank to replace ones that had been damaged or were faulty. A 1969 Philips-Randall $5 note is selling for a whopping $2,250.
Some cases have shown that fivers with an AK47 serial number have been sold for thousands of pounds online, with one dad of three making more than £1,000. Another fiver that appeared to be a hit with collectors was one with the serial code AA01 444444 on it.
Watermark. Hold the note to light and look for a faint image of a large numeral 5 in the blank space to the right of the portrait and a faint image of three numeral 5s to the left of the portrait. The images are visible from both sides of the note.
"The $2 bill was often thought to be bad luck, as 'deuce' was a name for the devil," CNB St. Louis Bank wrote. "Recipients would tear off one corner, believing it would negate the bad luck of the bill. This caused many of the bills to be taken out of circulation as mutilated currency."
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.
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.