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 Replies: 14 / Views: 3,396 |
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New Member
Australia
45 Posts |
Edited by mleivers71
05/01/2016 07:12 am
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Valued Member
Australia
124 Posts |
Thanks for posting mieivers 71.  I sent an email to the RBS early last month about purchasing first and last prefix notes and this is the reply I received. Thank you for your email.
In 2012 the Reserve Bank announced plans to upgrade the security of Australia's banknotes. To enable the Reserve Bank to focus its resources on this project, a decision was been made in 2015 to discontinue numismatic banknote sales of the current polymer series.
The Reserve Bank is currently assessing the potential options for future numismatic sales to coincide with the issuance of the next generation series of Australian banknotes. Further information regarding any numismatic arrangements will be published in the For Collectors section of our website as it becomes available. As a member of our database for people interested in receiving information about future numismatic banknote arrangements, you will also be contacted directly when information becomes available.
With kind regards
Louisa | Banknote Enquiries
RESERVE BANK OF AUSTRALIA | 65 Martin Place, Sydney NSW 2000
p: 1800 633 220 | f: +61 2 9551 8021 | w: banknotes.rba.gov.au
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Pillar of the Community
Australia
560 Posts |
I would have suspected that the $5 would have not been printed in 2014, but considering the 2013 is issued, their numbers would have begun to be depleted.
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Valued Member
Australia
248 Posts |
What do you think the possibility is that there was a 2015 run of $5 notes? Although it seems unlikely, it cannot be ruled out now that we know a 2014 run exists.
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Pillar of the Community
Australia
560 Posts |
I think they would have printed a majority of the new series of $5 in 2015.
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Pillar of the Community
Australia
762 Posts |
Its interesting because I haven't seen any sign of the 2014 $5 in circulation and the new generation $5 is due out in just a few months. Surely it would defeat the purpose of the new generation banknotes if they continued releasing old style notes after Sep 1  |
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Valued Member
Australia
248 Posts |
There are three possibilities: 1. They printed them before they knew when the new note would be released (or before they signed off on the final design) 2. They printed them as a contingency plan in case people didn't like the new note (because they knew it was ugly) 3. They overestimated how many notes were needed to replace the old ones that were removed from circulation before the new ones are introduced (recall what happened to the 1983-1985 20c coins) It must be remembered that paper $5 notes were printed the year before the polymer ones were introduced, and many of these were well-circulated, so I'm not surprised that they did a run of old-style notes in 2014. What I am surprised about, however, is that I've never actually seen one in circulation, so it will be interesting to see whether any of them surface over the next few months. If not, then hopefully the reserve bank will be kind enough to sell me a few, because I can foresee these becoming the centrepiece of my $5 note collection.  |
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Valued Member
Australia
248 Posts |
I've just finishing noodling $2000 worth of $5 notes, and I'm sorry to say that the ratio of 2012-dated notes to 2013-dated ones is about 3:1, which is much higher than the ratio I expected of about 3:2, based on the published range of serial numbers. This implies that almost half the $5 notes dated 2013 have still not been released into circulation, meaning that we've got Buckley's chance of finding a 2014-dated one in circulation before the old series is withdrawn. So now it's up to the Reserve Bank to decide whether they're prepared to sell some of the 2014-dated notes to us, because if the introduction of the new $5 note is successful, the entire batch of 2014-dated $5 notes is likely to be incinerated.  |
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Pillar of the Community
United States
992 Posts |
You can bet if they do incinerate the 2014 run that some RBS personnel will somehow be found to be in possession of rare notes.
Numismatic sales are a goldmine for the treasury, the notes will probably never be redeemed. That's all they need to be concerned with.
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New Member
 Australia
45 Posts |
http://banknotes.rba.gov.au/resourc...ial-numbers/UPDATE: Now the RBA has released information regarding 2015 banknote production!! and yep $5 notes have been printed? So now we have 2014 and 2015 notes that we haven't been able to purchase via the RBA. My guess the lowish print run of the last prefix/ last year (2015) $5 note should hold its value well.
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Valued Member
Australia
248 Posts |
I just noticed that as well. I was looking to see whether they'd published the 2016 serial numbers yet, but they had the 2015 ones instead.  |
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Valued Member
Australia
248 Posts |
BTW these are Stevens/Fraser notes, rather than Stevens/Parkinson ones, so they'll have double the numismatic value of the 2014 ones. |
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Pillar of the Community
Australia
762 Posts |
Its going to be very interesting to see what happens with these 2014 and 2015 notes.
Once the new generation $5 comes out on 1 September surely there wouldn't be any need to release the 2014 and 2015 $5. Will they simply destroy the 2014 and 2015 $5? Will some of them find their way into circulation?
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Bedrock of the Community
Australia
21786 Posts |
For the benefit of those CCF members of the non Australian persuasion, the first two digits of the eight digit serial number indicate the year in which the not was printed.
e.g.: a serial number of 10467237, indicates that this note was printed in the year 2010.
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Pillar of the Community
Australia
560 Posts |
So I figure they will just keep issuing the old $5 until stocks are exhausted.
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Replies: 14 / Views: 3,396 |
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Posted 05/01/2016 9:13 pm
