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1998 Australian Polymer $5 Notes

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Pillar of the Community
Australia
1005 Posts
 Posted 10/01/2011  07:19 am  Show Profile   Bookmark this reply Add ozcoins to your friends list
A scalpel may lead to accidental (or possibly deliberate) errors.
Pillar of the Community
Australia
7096 Posts
 Posted 10/01/2011  07:47 am  Show Profile   Bookmark this reply Add trout1105 to your friends list
Sorry sudoku

I wonder if you can get them cut for you at the mint.
Then take your scalpel to downies
New Member
Australia
9 Posts
 Posted 10/01/2011  08:10 am  Show Profile   Bookmark this reply Add Sudoku to your friends list
Ah now trout1105 we def have a similar sense of humour LOL! The prior post cracks me up too, if we're on the same wave length, that the scalpel could slip towards my wrist or maybe that a cutting error could bring a higher price - I'm not sure which is funnier! But seriously I'm still wanting someone to give this newbie an answer on what's the deal with cut as opposed to uncut, I just don't get it? Now, trout1105, I just don't know if you're serious re the mint and getting them cut professionally*#!? Just so you don't all think I'm suicidal over this, 1998 was a long time ago - say lar vee - but the day may come where I'll want to sell so I'm just trying to get up to speed with how/what/when/where.
Pillar of the Community
Australia
7096 Posts
 Posted 10/01/2011  08:46 am  Show Profile   Bookmark this reply Add trout1105 to your friends list
I was only joking about cutting them.
Seriously tho if the notes are valued at $85 unc each then this sheet of 40 must be worth a lot more than the 3400 for single notes.
According to the lates rennics book there are only 199 of these left (1 Was cut up for charity) but the value is there as $1350.
I find this verry strange
Pillar of the Community
Australia
7096 Posts
 Posted 10/01/2011  08:49 am  Show Profile   Bookmark this reply Add trout1105 to your friends list
The book also states that some sheets have been cut up by dealers and sold as singles
Pillar of the Community
Australia
1005 Posts
 Posted 10/01/2011  08:53 am  Show Profile   Bookmark this reply Add ozcoins to your friends list
Nothing about wrists was intended in my post!
I was only talking about cutting plastic
New Member
Australia
9 Posts
 Posted 10/01/2011  09:28 am  Show Profile   Bookmark this reply Add Sudoku to your friends list
Okay, so it's not just me that can't understand the valuation rationale - I feel better already. There were only 200 sheets printed and the Snakey Downies Guy (SDG) told me that "people" had been cutting them up and I couldn't understand at the time why they'd do that and SDG wasn't forthcoming with a reason either. That being said, it should mean the uncut sheets become more valuable, right? Maybe it's more about the actual serial nos?

Valued Member
Australia
85 Posts
 Posted 10/01/2011  10:01 am  Show Profile   Bookmark this reply Add floridapalms to your friends list
Do not cut them up,the value is in the uncut sheets and with the small issue they will become valuable in time as a stand alone item
Book values are just a guide and not realistic in the real world
Pillar of the Community
Australia
1005 Posts
 Posted 10/01/2011  8:54 pm  Show Profile   Bookmark this reply Add ozcoins to your friends list
Hi Floridapalms,
I am not so confident that they will become more valuable. If they are not valued/highly sought now, then something would need to change to make them more valuable. The main thing that would have to change would be peoples attitudes towards collecting them.
While there are not many of them, that does not seem to be enough to make them desired (and valuable).
Years ago, I bought a sheet of uncut paper $5 notes, and sold them very soon after buying them to someone advertising that they wanted to buy them. At the time I was young enough that I was still getting pocketmoney, and had to borrow my parents credit card to buy them. The person who bought them offered me several times what I paid for them, so I was very happy.
I have occasionally looked at the value for these and have been surprised that they are not more valuable. I never considered the individual prices of the notes, but I would not be surprised if those ones were worth more if the sheet was cut up.
I'll have to go and take a look.
New Member
Australia
9 Posts
 Posted 10/01/2011  9:26 pm  Show Profile   Bookmark this reply Add Sudoku to your friends list
Quite a bizarre story isn't it? Particularly when you read about the same series in single notes being offered at good prices - here's another I found offered @ $65 for a single note:
Year: 1998
Denomination: Five Dollars (Polymer)
Signatories: I.MacFarlane,Governor,Reserve Bank of Australia E.A. Evans, Secretary to the Treasury
Serial Number: BA 98 070633
Renniks No.: R218cF
Approx Grade: UNC
Note Description:
This note is in superb condition and will only increase in value as the years pass.The early years of polymer production are a guaranteed safe bet for investors. As a first prefix note it becomes all the rarer and the investment potential soars. These notes have added their own face value each and every year since release. There has never been a better time to invest in this period as prices will continue to rise.
Design Details:
A remarkable banknote in every way with abundant security features. This note had some extremely special features built into it as security against forgery. It was a world first and makes these notes highly desirable as collectors items. Collectors value numerous variations of this note.
The $5 note incorporates the following security features:
Within the clear window is a stylised gum flower printed and it can be seen from either side of the note.
If the note is held up to the light a seven pointed star within a circle is formed by four points on one side of the note combining perfectly with three points on the other.
If the note is held up to the light you can see an image of the Australian Coat of Arms under other printing.
The words FIVE DOLLARS has been microprinted and can be seen with the aid of a magnifying glass.
Slightly raised printing (intaglio) can be felt with the finger and is also used for the portraits and other major design elements.
Highly intricate multi-coloured fine-line patterns and images appear on each side.
Under ultra-violet light the serial number will fluoresce and also a square patch becomes visible on the back of the note.
Obverse:
Queen Elizabeth II (Elizabeth Alexandra Mary; born 21 April 1926) is the queen regnant of sixteen independent sovereign states known informally as the Commonwealth realms: the United Kingdom, Canada, Australia, New Zealand, Jamaica, Barbados, the Bahamas, Grenada, Papua New Guinea, the Solomon Islands, Tuvalu, Saint Lucia, Saint Vincent and the Grenadines, Belize, Antigua and Barbuda, and Saint Kitts and Nevis. She holds each crown separately and equally in a shared monarchy, as well as acting as Head of the Commonwealth, Supreme Governor of the Church of England, and Head of State of the Crown Dependencies, British overseas territories, the Realm of New Zealand and the external territories of Australia. As a constitutional monarch, she is politically neutral and by convention her role is largely ceremonial.
Reverse:
Parliament House is the meeting facility of the Parliament of Australia located in Canberra, the capital of Australia, designed by Mitchell/Giurgola Architects, and opened on 9 May 1988 by Elizabeth II, Queen of Australia. At the time of the construction, it was the most expensive building in the Southern Hemisphere at over $1.1 billion. Prior to 1988, the Parliament of Australia met in the Provisional Parliament House, which is now known as "Old Parliament House".
Watermark:
With the introduction of the new polymer banknotes we saw the end of the customary watermark. It was replaced with a Variable Optical Security Device in the bottom corner.
Pillar of the Community
Australia
762 Posts
 Posted 10/01/2011  9:35 pm  Show Profile   Bookmark this reply Add MobOfRoos to your friends list


I am no investment expert but here is my take on it.

The "value" of a coin or note is only what someone else is prepared to pay for it.

The market for uncut sheets of notes would be very small. In fact I would suggest that there are already more uncut sheets in the market place than there are collectors of them. This is why dealers are cutting them up into individual notes. There is simply more of a market for uncirculated notes than there is for uncut sheets.

This would also explain the Rennicks valuation. It was calculated on the wholesale value of selling a bulk lot of 40 uncirculated notes.
Pillar of the Community
Australia
7096 Posts
 Posted 10/01/2011  10:01 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list
mobofroos
I think you hit this right on the nail
Pillar of the Community
Australia
762 Posts
 Posted 10/01/2011  10:13 pm  Show Profile   Bookmark this reply Add MobOfRoos to your friends list
Thanks trout.
I have been lurking for a while now so I thought it was time to make some contributions.

I guess the lesson is that when investing in coins or notes you will get a better return if it is something that is in great demand (or likely to increase in demand) in the collector community.
Valued Member
Australia
363 Posts
 Posted 10/01/2011  10:25 pm  Show Profile   Bookmark this reply Add spg1 to your friends list

There a quite a few dealers on ebay selling same serial number sets with a consecutive running prefix. I often wondered how they got the notes.....
New Member
Australia
9 Posts
 Posted 10/01/2011  11:26 pm  Show Profile   Bookmark this reply Add Sudoku to your friends list
Nice piece of lateral thinking MobOfRoos :)
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