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 Replies: 47 / Views: 6,880 |
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Pillar of the Community
Australia
762 Posts |
Quote:
So out of the 162,479,800 notes in which 159,880 would be very high serials, the percentage is 0.0983753% or just plain 0.1%. This means that at time of release if you only searched the 1999 $50's your chances of getting a very high serial would be 1 in only 1,016, which nearly as scarce as a radar serial. Correct me if I'm wrong here but migsy's note fits in the last 50 (or 999950 to 999999) so the odds of finding that would be doubled to 1 in 2,032. Judging by the interest on this forum I think you could expect a large premium on the note if you sold it migsy. |
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Valued Member
Australia
119 Posts |
Goatieman, you are the man! Seriously. You are like the rainman of Oz notes. Good stuff as usual.
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New Member
 Australia
15 Posts |
darn! Thanks Goatieman,thats awesome! Some great calcs there,just blew me away! Feeling like I won lotto or something ...lol So id the official number 1 in 2032? Pretty mind boggling stuff,and very interesting. Thx for the offer Goatie,thinking this one might be destined for ebay,mix it up with the collectors.Great thing is I am a FT carer,and I really need the money (im poor!) But I must say I'm new here and dont know what it would command on the forum pricewise,compared to ebay.What would I be better doing? What do we think its worth...any idea? Thx for your help guys,and glad you got to see it Goatie,you obviously love collecting em... Migsy |
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Pillar of the Community
Australia
869 Posts |
Whoa...error in figures I was using stats based on 4 print runs rather than 5 (i.e 160 prefixes rather than 200)...oops, sorry, one sec & I'll put the pieces back together.  That's what happens when you get me too late in the night.  I'll be two minutes. |
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New Member
Australia
15 Posts |
NO NO stick with 4 print runs...thats better!
Still waiting,take your time mate....lol Seriously appreciate the calculations,im crap at Maths
Cheers!
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Valued Member
Australia
119 Posts |
Migsy, far be it from me to give anyone selling advice BUT please examine the fees associated with selling on ebay. They seem to be quite onerous unless you can produce some decent sales volume. I'm relatively new here myself but from what I've seen these forum members are always fair. Once again, just giving an opinion that is worth as much as you paid for it. Do what you think is best. Cheers. |
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Pillar of the Community
Australia
1005 Posts |
Selling "money" on ebay is also costly because the fees are based on a % of final price. Eg if you sell a $50 note for your fees are that % of the $50 as well as a % of the "profit" |
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New Member
Australia
15 Posts |
Thanks Jamie,yeah I'm trying to get an idea what its really worth,i watched a note last year on ebay and I had record of it somewhere which I'm trying to find.Couldnt remember if it was a 1999 note or not,bu remember the last 6 digits being something like 999979 or something similar...and it went for over a grand! Im sure the ppl here on the forum are great,im on a similar forum to do with PMs and they are great too.Sure you get your scammers but most people are good. IS there a Auction format on CCF? I'm new here,apologies for not reading all the stickys :0p |
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Pillar of the Community
Australia
653 Posts |
 to the forum migsy !. What a lucky find from an ATM withdrawal  . Although I am not really into note collecting, your post (and similar ones) have me intrigued. May keep an eye out for high or low digit numerals on the banknotes in future... Squire |
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Pillar of the Community
Australia
4411 Posts |
If it was UNC and a first or last prefix id imagine it could be worth oodles. Especially a last prefix but from what I understand last frefixes donr usually get a full million notes printed.... goatie?
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Pillar of the Community
Australia
869 Posts |
I think the forum was down before...it was coming up with IIS Password...white screen with some green font. Wierd. Anyways, there were 162,479,800 notes. Okay, this is the first time I screwed the figures so majorly. In two aspects. The prefixes as well as the formula. There were 200 prefixes ranging from AA to PE. This means that there would be 19,800 serials between 999,900 & 999,999. (in $50's in 1999; 99x200) So out of the 162,479,800 notes in which 19,800 would be very high serials, the percentage is 0.0121%. This means that at time of release if you only searched the 1999 $50's your chances of getting a very high serial would be 1 in only 24,545 which is very rare. Theoretically searching through the entire circulating $50 currency in Australia right now would mean: 486 million $50's circulating 18.0% Macfarlane/Evans (of which 47.8% were 1999) Which would mean that the 1999 $50's still circulating would be: 41,864,254 Crunching those figures down with the figures of how scarce a 1999 $50 with very high serial number would mean that the following number exist: 5,102 a percentage of 0.00105% or a 1 in 95,264 which is almost as scarce as a solid serial. As for being in the top 50 (e.g 999950 & above = 49 notes) 9,800 around 0.006% or a 1 in 49,592 notes Now based on RBA & 2011 Vort Report 2,525 around 0.00052% or 1 in 192,471 notes I'm pretty sure that's right. Very nice...I guess it's a matter of finding that one collector...  ...is it me? All I'll say is one day in circulation I found a AA06 000004 serial note. Does it compare...yes & no. |
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Pillar of the Community
Australia
4411 Posts |
AA06 000004 has got to be your favourite note!  What denomination? |
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Pillar of the Community
Australia
507 Posts |
Anything less than 10 would be a major find, so that's an awesome note! Now why didn't you get the one with matching digits?  |
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Pillar of the Community
Australia
869 Posts |
Enworb, as for full million notes, you won't find them these days unless if you're buying them (paper) from auction.
You might occasionally find 000000 which is not a specimen, but they are considered to be accidental releases by NPA (Note Printing Australia). They will still have a value 5 times greater than a solid serial!!
Generally every prefix will print at a maximum of 000001 to 999999, which is 999,999 notes. Hence the 000000 being so wanted.
I have a $50 AA05 777777 note, it's not in the best condition (I think it's VF) but it's worth lots.
As I've said before, I'd love a PE99 999999 (Last $50 of the century) or a JK99 999999 (Theoretically, the last printed note of the century in Australia).
1000000 (million) serials were printed from 1933 through to 1976. Any others that may exist are just Buckley's chance.
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Pillar of the Community
Australia
869 Posts |
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Replies: 47 / Views: 6,880 |
First Page
Posted 05/14/2012 08:20 am
