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Value Of Consecutive Banknotes

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Valued Member

Australia
248 Posts
 Posted 04/15/2016  03:58 am Show Profile   Bookmark this topic Add Hercules to your friends list Get a Link to this Message Number of Subscribers
I just went to the bank to get some $100 notes to noodle, and I ended up with a whole string of consecutive serial numbers, with only one break in between. How much do you think they'd currently be worth, and how long do you think it will take for them to become worth significantly more than face value?
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sel_69l's Avatar
Australia
21786 Posts
 Posted 04/15/2016  04:12 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Their high face value makes them difficult to keep.
You have to think about the ravages of inflation, maybe low now, but could be very high in future decades with current U.S. debt arounf $18 trillion.

On a debt per capita basis, Australia is catching up to the U.S.; our mining boom has long since petered out.
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trout1105's Avatar
Australia
7096 Posts
 Posted 04/15/2016  08:08 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
Instead of keeping the notes I would take 5-6 of them and buy a Nice Sovereign , I am pretty sure that one Gold coin will be worth a fair bit more than 6x consecutive banknotes in a few years
Valued Member
Australia
369 Posts
 Posted 04/15/2016  4:56 pm  Show Profile   Bookmark this reply Add airgem to your friends list Get a Link to this Reply
There doesn't seem to be enough interest in banknotes in this country to be a worthwhile venture. It's frustrating and hard to understand but that's life
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MobOfRoos's Avatar
Australia
762 Posts
 Posted 04/16/2016  8:18 pm  Show Profile   Bookmark this reply Add MobOfRoos to your friends list Get a Link to this Reply


Consecutive notes don't demand a premium because they are so easy to obtain. ATMs commonly dispense them. If they were a first or last prefix.........that would be a different story
Valued Member
Australia
248 Posts
 Posted 04/17/2016  06:03 am  Show Profile   Bookmark this reply Add Hercules to your friends list Get a Link to this Reply

Quote:
Their high face value makes them difficult to keep.




They mucked up this weekend's $2 noodling hunt, forcing me to focus on lower denominations instead. The $2 queen's coronation coin is the only circulating Australian coin I still need to collect (excluding varieties and errors and those that have been withdrawn), but because of the relative scarcity of it, I'm really not impressed that I have to wait until my next pay day to try again.


Quote:
Instead of keeping the notes I would take 5-6 of them and buy a Nice Sovereign


This is the best idea so far, but I can think of many other things I'd like to buy for this, like a "wavy" 20c, an "incuse flag" 50c, or a complete set of paper $5 notes (uncirculated, of course!). I would have also added a $1/10c mule to this list, except that I've already got one. Perhaps I should save up all my consecutive $100 notes, and use them to buy a double-headed 2007 5c. Then, I won't have to worry about losing a coin toss ever again!
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paxbrit's Avatar
United States
992 Posts
 Posted 05/19/2016  8:34 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list Get a Link to this Reply
Back when, consecutive numbers were genuinely rare, only a few people collected and even fewer were tucking away runs of notes. Not so, today. Consecutive numbers are not common, but certainly not difficult to locate in quantity with modern issues.

Unless they are in pristine Gem UNC 67 condition, consecutive numbers don't really do much for value, seeing as how you need to pony up double or triple the price of a single to get them.

Around 5% to 10% for a premium, but condition is everything. Some folks do collect notes in threes, for that album page with three slots.

If you can afford to do so, tuck a few pairs or threes away for the long term, the population of sequential notes only gets smaller, never larger, once they hit circulation and the market.
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