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 Replies: 9 / Views: 3,315 |
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Pillar of the Community
Australia
762 Posts |
Usually around this time of year the RBA announces that they are offering the previous years first prefix, last prefix and general prefix banknotes for sale. This year there is no mention of it on their website but today I received a letter from them advising the following: Quote:
The Reserve Bank of Australia has announced plans to upgrade the security of Australian banknotes.
In light of this project, the Reserve Bank has decided to discontinue sale of the current polymer series. The Reserve Bank is now assessing potential options for future numismatic sales to coincide with the issuance of the new banknote series. So this would suggest that the 2013 notes are the final notes in the current polymer series. And that the new series of polymer notes arn't too far away. exciting times for banknote collectors     |
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Pillar of the Community
Australia
1006 Posts |
Very interesting I know they were looking at adding (magnetic?) strips to the banknotes to improve security. However it will be interesting in seeing how they revolutionise them, new designs prehaps?
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Valued Member
Australia
176 Posts |
I got the impression that the RBA was looking at other sales avenues other than the previous practice of selling notes directly to customers but maybe I have misinterpreted that sentence.
Pedro
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Pillar of the Community
 Australia
762 Posts |
Quote:
I got the impression that the RBA was looking at other sales avenues other than the previous practice of selling notes directly to customers My thought is that they will continue the first and last prefix sales as they are very popular. What they might do though is have some special souvenir sales for the new notes similar to what they had when polymer notes first came in. |
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Pillar of the Community
Australia
560 Posts |
Maybe this time we can have better designed banknotes.
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Valued Member
Australia
112 Posts |
I've said it before and will say it again, I think that there will be big changes next year to coincide with the 50th anniversary of decimal currency.
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Pillar of the Community
Australia
762 Posts |
I've just received information from a dealer that the RBA plan is that the new notes will be issued in 2016. Currently they don't know how many, or if any, 2014 dated notes will be issued so that is why they aren't sellig first or last prefixes this year.
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Pillar of the Community
Australia
869 Posts |
Yep...lets see. We will see if the design is going to be those really bright notes that we saw quite a while back.
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Pillar of the Community
Australia
869 Posts |
I'm looking at banknotes right now. Let's look at how long they've lasted.
PAPER
$1 note lasted 18 years 1966-1984
$2 note lasted 22 years 1966-1988
$5 note lasted 26 years 1966-1992
$10 note lasted 27 years 1966-1993
$20 note lasted 28 years 1966-1994
$50 note lasted 21 years 1974-1995
$100 note lasted 12 years 1984-1994
POLYMER (<Current 2015)
$5 note lasted 23 years 1992-
$10* note lasted 22 years 1993-
$20 note lasted 21 years 1994-
$50 note lasted 20 years 1995-
$100 note lasted 19 years 1996-
*(I'm not including the centenary note, to me that was a good chance at a testing phase and to show off to the world how good our numismatics technology was)
It's interesting, but I still can't believe that the polymer $5's have been around for 23 years. Mind you the $10 centenary not has been around for 27 years...wow!
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Pillar of the Community
Australia
762 Posts |
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t's interesting, but I still can't believe that the polymer $5's have been around for 23 years. Although don't forget it was changed in 1995 so technically the current $5 has only been around for 20 years. Still there is a whole generation of people now who only know polymer banknotes. It is also slightly frustrating that our cash system is so stable. We've only had one change of banknotes in the last 50 years and no change in coins (apart from the $1 and $2). Most other countries have had many changes in that time. |
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Replies: 9 / Views: 3,315 |
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Posted 07/14/2015 03:02 am
