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Polymer First And Last Issue, Test Notes.

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goatieman23's Avatar
Australia
869 Posts
 Posted 02/06/2012  12:56 am  Show Profile   Bookmark this reply Add goatieman23 to your friends list Get a Link to this Reply
WHERE I AM AT
In the past few years I have filtered through hundreds of thousands of dollars through my retail business. I really wish every dollar that came through the business I could keep, but I do get paid so it's a job with benefits. Thoughout the past few years I've received some very scarce notes including:
WHAT I HAVE FOUND
$5 - FIVE DOLLARS
KC95, EA98
I've also had many recent near UNC $5 AA & last prefix notes.
$10 - TEN DOLLARS
DF94, DF97 (which Trevor Wilkins paid $310 for in good Fine cond)
I've also had many recent near UNC $10 AA & last prefix notes.
$20 - TWENTY DOLLARS
DA95
$50 - FIFTY DOLLARS
VG95x3, JC97 (just last week), JC98
$100 - ONE HUNDRED DOLLARS
JK96x3, CF98x2, JK98x2, JK99x4
Test First Prefix: AN96x3, Test Last Prefix: CS96x3
Test Prefixes: too many
PROBLEMS
The major problems with collecting polymer notes is;
- The cost
- The condition of the scarce or rare notes
- Finding the real information & a real indication of value
- Grading the notes
SERIAL NUMBER COLLECTING
I also amongst collecting the scarcer first & last prefixes, collect special serial numbers such as:
- Radars: Mirror image e.g 124 421
- Repeaters: 124 124
- Radar repeaters: 121 121
- Ladder radars: 123 321 or 876 678
But there are so many other types where you'd have to pay a huge premium for. The following are what I'd love to chase if I had the money to do so:
- Solid serials: 888 888
- 8 Digit Radars: e.g BD10455401
COMMONALITY OR UNCOMMONALITY
The commonality of some of these notes is so scarce. There are 9 solid serials in every 999,999 notes which makes them 1 in 111,111. Radars & repeaters are 1 in roughly 1,100. Radar repeaters 1 in roughly 11,111. But the numbers go on & on. I end up getting confused amongst trying to work them out. I have to sit down again one day with a clear frame of mind & work it all out. As for your statistics, the RBA website has a banknotes back-end which has the print releases of notes from the 1992 beginning of the secure polymer note.
url="mailto:christiangeorgiou@hotmail.com"]EMAIL ME[/url]
Pillar of the Community
Mr T's Avatar
Australia
2180 Posts
 Posted 02/06/2012  10:52 pm  Show Profile   Bookmark this reply Add Mr T to your friends list Get a Link to this Reply
You've done well with those early $5 and $10 notes. I've seen maybe five altogether in the last year and only one was a keeper (and even that surprised me).
Have you seen any $5 test notes recently?
Pillar of the Community
goatieman23's Avatar
Australia
869 Posts
 Posted 02/06/2012  11:45 pm  Show Profile   Bookmark this reply Add goatieman23 to your friends list Get a Link to this Reply
The scarcer issues that I have found have mostly been in Fine grade, the KC95 was in VG (so a little disappointing).
The question is what do you hold onto?
Post 1996 the RBA notified the public of the last prefixes of notes, whereas 1992 through till 1996 no-one was informed of the last prefix notes. I believe this is why it's so hard to find last prefix notes from 1999 & before.
Pillar of the Community
Mr T's Avatar
Australia
2180 Posts
 Posted 02/06/2012  11:59 pm  Show Profile   Bookmark this reply Add Mr T to your friends list Get a Link to this Reply
I hang onto notes that are uncirculated, or, if they're old, close to uncirculated. I don't really bother with first/last prefixes (too much to remember) or interesting serial numbers.
Pillar of the Community
goatieman23's Avatar
Australia
869 Posts
 Posted 02/07/2012  12:26 am  Show Profile   Bookmark this reply Add goatieman23 to your friends list Get a Link to this Reply
Much like me now-a-days. There are some oldies that you have to look out for. First prefixes aren't worth keeping unless if you're wanting first & last sets or if they're near EF to UNC or have nice serials. I have found some beauties over time, but I've also had to part with some too. One thing I recommend is each year the RBA sells first & last prefixes. I buy the $50 (because I collect 50's & I also buy the smaller printed last prefixes. My treasures that I've stumbled upon through my retail business (especially because I love the serial numbers) are:

$10 AA06 000004 (first prefix & extremely low serial)
$20 AA05 271271 (first prefix & repeater)
$20 AA07 581185 (first prefix & radar)
$50 DA03 123321 (last prefix & ladder radar serial)
$100 CS96 765567 (last test prefix & ladder radar)
$20 AK06 000060 (8 digit radar & low serial)
$50 BH04 745200 (last digit dropped 50%)
$50 FA08 271271-271271 (consecutive UNC repeater)
$50 CG06 123456 (full ladder serial)

Have a think of how scarce some of these notes are & get you note on...
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Mr T's Avatar
Australia
2180 Posts
 Posted 02/07/2012  12:32 am  Show Profile   Bookmark this reply Add Mr T to your friends list Get a Link to this Reply
Nice find with $10 AA06 000004. I'd hang onto any low serials if I found them.
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goatieman23's Avatar
Australia
869 Posts
 Posted 02/07/2012  01:12 am  Show Profile   Bookmark this reply Add goatieman23 to your friends list Get a Link to this Reply
It is so so so so hard to find low serial numbers, those two notes are my lowest in my collection. I also do have a $50 normal serial 000073 as for the high numbers? They're a little easier, I seem to find lots of high serial numbers in $5, I have a $5 FK06 999905 a $20 JA07 999953. Another Last prefix with a low serial I have is $20 JC07 001528.

As for the condition, 95% of the time if it's come out of circulation it's VF or below.
Pillar of the Community
goatieman23's Avatar
Australia
869 Posts
 Posted 02/07/2012  04:11 am  Show Profile   Bookmark this reply Add goatieman23 to your friends list Get a Link to this Reply
The actual printing of the $5 Test notes in 1997 saw the following prefixes released:
AN - AZ (NOPQRSTUVWXYZ): 13 Prefixes
BN - BZ (NOPQRSTUVWXYZ): 13 Prefixes
CN - CZ (NOPQRSTUVWXYZ): 13 Prefixes
DN (N): 1 Prefix
All runs of $5 notes contain 40 prefixes.
As part of the 1997 $5 Test Prefix run there were 9,770 notes produced. Therefore there was a total of 390,400.
Meaning they were scarce, but overall not as scarce as the final HB97 prefix in which only 136,000.
As far as the test prefix goes the first & last prefixes in these test notes are rare with only 9,770 of each the AN97 & DN97.
I can tell you right now that the only way you'd get a $5 AN97 or DN97 is with lots of cash.
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Mr T's Avatar
Australia
2180 Posts
 Posted 02/07/2012  07:15 am  Show Profile   Bookmark this reply Add Mr T to your friends list Get a Link to this Reply
I didn't realise there were so few of the $5 test notes made. I'm surprised I've even found one.
Pillar of the Community
goatieman23's Avatar
Australia
869 Posts
 Posted 02/07/2012  9:57 pm  Show Profile   Bookmark this reply Add goatieman23 to your friends list Get a Link to this Reply
I am still yet to find a $5 test note. But I don't really look out for them.

Just remember for first prefixes:
Out of what could have been a possible 999,999 of each first prefix, there were 85.7% produced.

Whereas with a last prefix with the same possible amount there was a mere 53.8% produced (not including test notes)

So with that in consideration the last prefix is always going to be more collectable.

But the modern problem is that the RBA releases them every year to the public...& you're asking yourself...what does that mean?

That there will be too many UNC First & Last Prefixes.

It is frustrating because theoretically I don't think their prices will go up as much as the older notes.

In 2010 less than 58,000 of the $100 EL10 were produced.
In 2008 less than 50,000 of the $50 MD08 were produced.
I assume that almost all of them would have been purchased by keen collectors or dealers.

I always wondering if any of those will be circulated. I think in that case that being there'll be so many UNC's it'll be special serials that will be the defining factor as far as price goes over time.

On Wednesday I received a $5 HB08 999855 (nice high serial of less than 443,000, but in average condition).

Does this mean that the latter serial numbers will be released into circulation? I would love to know.
New Member
Australia
6 Posts
 Posted 05/27/2013  08:23 am  Show Profile   Bookmark this reply Add maroskee to your friends list Get a Link to this Reply
*** Edited by Staff - Please Review the rules that you agreed to when you registered. ***
New Member
Australia
6 Posts
 Posted 05/27/2013  10:22 am  Show Profile   Bookmark this reply Add maroskee to your friends list Get a Link to this Reply
I have a $100 AN 96 Australian note mint crisp cond still has the fresh bank note smell any ideas where to sell
New Member
Australia
6 Posts
 Posted 05/27/2013  10:25 am  Show Profile   Bookmark this reply Add maroskee to your friends list Get a Link to this Reply
Sorry will go read them again :)
Pillar of the Community
goatieman23's Avatar
Australia
869 Posts
 Posted 05/27/2013  7:28 pm  Show Profile   Bookmark this reply Add goatieman23 to your friends list Get a Link to this Reply
Could you post some pictures? I've always been interested in upgrading mine.
As for selling AN96, there's no real good place to sell. You could sell on ebay but it may not fetch nowhere near as much as you would hope for.
Selling at auction won't happen, because the majority of polymers aren't fetching anywhere near expected estimates.
New Member
Australia
6 Posts
 Posted 05/27/2013  7:46 pm  Show Profile   Bookmark this reply Add maroskee to your friends list Get a Link to this Reply
Hi goatieman23 sorry as I'm new to this and this site I didn't fully read all rules that I was meant to but have since
Unfortunately I cannot post any such items like that at this time . : ( but I'm sure ill still have it in time when allowed ill post up photo
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