| Author |
 Replies: 10 / Views: 2,913 |
|
|
Pillar of the Community
Australia
3831 Posts |
Ever since the news broke out about the embarrassing 'responsibility' error - I haven't quite seen them in circulation. The new 5 and 10 dollar note virtually wiped out all the older notes, however I can still find heavily circulated $50 note issued in 1995.
Could it be that RBA is busy replacing the newer notes...?
|
|
|
|
Moderator
 Australia
16816 Posts |
I was helping count the church offering yesterday - which is usually a good random sample of notes that are actually circulating. $1050 in $50 notes showed a ratio of about half and half, old versus new. They printed way too many of them before noticing the error, and the error needs a magnifying glass to see it. I doubt they'd bother deliberately replacing them just for that. It's not as though they mis-spelled the name of the country, or something. It's embarassing, yes, but I think the Australian public would be more offended by the RBA wasting millions of dollars in an attempt to "cover up" their mistake by withdrawing and destroying the error notes. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
|
|
Valued Member
269 Posts |
The 46 million notes with 'responsibilty' are remaining in circulation.
The error-corrected print run has already happened (June) and
it might be worth keeping a perfect example of the typo with an unusual serial.
In a few generations it will likely be worth more than $50.
|
|
Pillar of the Community
Canada
2574 Posts |
Quote:
it might be worth keeping a perfect example of the typo with an unusual serial. Is there a Serial Number Data Base for RBA notes? |
|
Valued Member
Australia
369 Posts |
Quote:
In a few generations it will likely be worth more than $50. Yeah like $51. Must be hoarded by the millions. Scary thing is that there are some who can afford to hoard them. Even scarier is the fact I won't be around in a few generations to see the result.  |
|
Pillar of the Community
Germany
992 Posts |
|
|
Pillar of the Community
Canada
2574 Posts |
|
|
Pillar of the Community
Australia
1333 Posts |
O.o what would give you that impression? definitively not replacing the note how some people are "collecting" them even tho they don;t understand that this untended error is not actual collectible note, as impose to mis inked or like sample note, due to the population of this error.
|
|
Pillar of the Community
Australia
2180 Posts |
I'm still seeing both, but there are an awful lot of old $50 notes and they do last, so I guess that's not surprising.
|
|
Pillar of the Community
Canada
2574 Posts |
Quote:
how some people are "collecting" them even tho they don;t understand that this untended error is not actual collectible note -my initial reaction was to agree to this statement, but if "IB 18" (assuming the last prefix) is indeed a short run (with limited # released like 600,000 suggested by the RBA site/link listed) than I would suspect that this prefix (IB 18) would be worth keeping (or as "CoinOS" suggests- a special SN, radar, etc would be good to put aside). Sadly too many collectors (& dealers) cannot appreciate that its either a short-prefix (series) or special # should be the note to keep. Edited by walk2dwater
07/31/2019 5:58 pm
|
|
Pillar of the Community
Australia
2180 Posts |
I got the chance to look through some $50 notes today and there were more of the new than any other.
And I got lucky and found a 2016-dated $50 note too.
|
| |
Replies: 10 / Views: 2,913 |
|
Posted 07/29/2019 12:43 am
