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Replies: 9 / Views: 2,783 |
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Valued Member
Australia
85 Posts |
Daughter works for a food outlet and was presented with this today. Second one in 3 weeks. Into the collection it goes. 
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Pillar of the Community
Australia
4411 Posts |
I havent seen one in circulation for several years. About a month ago a teller at the bank had kept one for me but that is the only one I have. Trainerman how old is your daughter  she sounds awesome!
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Valued Member
Australia
176 Posts |
Always liked the design of this particular note and happy to put them away!
Pedro
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Valued Member
 Australia
85 Posts |
I have both the wife and daughter on the look out for coins and notes. Good thing is the daughter works for the fast food outlet, the the wife does the banking everyday for the store she works in.
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Pillar of the Community
Australia
560 Posts |
I use to have a lot of uncirculated, sold them in HK. I remember they came out just after New Years in 2001, because I got them in Hamilton 2 days after.
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Pillar of the Community
Australia
869 Posts |
Yeah, they are a very scarce note to find in circulation now. So many people don't even know they exist. I might get maybe two or three each year, just like the pale $5 notes. I gave the last one to my sister for face value. The prefix was EG, being her initials. I brought two first & two last prefixes from a Downies auction a few years ago. As for the Vort Report (for those who don't know, a report looking through 5,000 notes of each denomination for signatories); the 2011 Report saw 0 of the Federation Notes. This figure was also 0 in 2010 & only 0.2% in 2009. Theoretically based on the stats that the Federation Note (2001 $5) made up 11.1% of all $5 Polymer notes produced we would expect that 16,228,555 notes would be circulating, but all I will say it was a note that was heavily hoarded & so be it, why would it not be. People took the opportunity to hoard the "new" at the time 1988 Bicentenarial $10 note, so the same would go with this different themed note. Just remember that there were huge amounts of this note produced; being 88,399,880 (based on the RBA stats). It's quite an unusual method they used for this print of notes. As far as I'm aware they printed the AA serial on it's own & then they printed the other print runs of mixed amounts during these prints. AB-DB, DC-GC & GD-JD. I'm not 100% sure about this, but it seems that it could have been a method they used. I hope that helps clarify.
I like the federation note but I'm not a fan of the bicentenary note (apart from it's world awe inspiring technology). I should like all polymers though, seen as though I collect them.
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Pillar of the Community
Australia
4411 Posts |
Banks actively remove them from circulation and send them back to the reserve bank. Its my understanding after talking to a teller the other day that they've been doing this for a few years now.
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Formerly nancyc
Australia
5385 Posts |
A Bank Teller told me in about 2007/8 that whenever a 2001 CoF $5 note turns up at any Bank, the tellers have been advised to remove them, and I think they are sent to the Reserve Bank.
If this is in fact the case, it's no wonder they're few and far between.
I guess they are destroyed then, but of course I don't konw that for a fact.
Maybe if any member has a relative/friend that works in a Bank, they could check this out for us.
life is a mystery to be lived not a problem to be solved
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Valued Member
 Australia
85 Posts |
I have spoken to 2 tellers at the bank I use for coins and asked both if they have any "unusual" notes in their drawers (tills) and I was told by both they have been instructed to return any notes not currently in general circulation (everyday notes) to the Reserve Bank.
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Pillar of the Community
Australia
869 Posts |
Trainerman, love your style. I know who to come to for the final word when it comes to the banks in collaboration with the (main) Reserve Bank.
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Replies: 9 / Views: 2,783 |
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