ATAR Notes: Forum
General Discussion => General Discussion Boards => Other General Discussion => Topic started by: Edmund on January 08, 2009, 02:59:08 pm
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(http://img123.imageshack.us/img123/5863/dscn1240ju2.jpg)
Recently I was clearing a storeroom which contained plenty of my parents old stuff, and happened to come across these old Australian bank notes. Are these still accepted in stores? What shall I ddo with them?
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still accepted in stores LOL!!!
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chuck em out.
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Cant you take it to a bank?
Or to the reserve bank?
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Sell them to a musem for $9001
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chuck em out.
don't do that
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FREQUENTLY ASKED QUESTIONS ABOUT NOTES
1. How do I tell if I have a counterfeit note and what do I do with it?
2. Can I reproduce a note and what are the laws involved with such reproductions?
3. What should I do if I have a damaged note?
4. Should I accept a damaged note offered to me in payment/change?
5. What are unfit, incomplete and badly damaged/contaminated notes?
6. Are damaged notes worth full face value?
7. Is the serial number used when assessing the value of damaged notes?
8. How can I obtain value for my old Australian notes?
9. What is my pre-decimal Australian note worth in dollars?
10. Are my old, rare or misprinted Australian notes worth more than their face value?
11. Why are printed names of people featured on some currency notes and not others?
12. Are the signatures of the RBA Governor and Secretary to the Treasury in a different order on some notes?
13. How can I determine the year a currency note was manufactured?
14. Who makes Australia’s coins?
15. How long do polymer notes last in circulation compared to paper notes?
16. What does the RBA do to assist people with a vision impairment to differentiate notes?
17. Who are the people on our notes?
18. Who decides which people feature on notes?
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1. How do I tell if I have a counterfeit note and what do I do with it?
Australia’s currency notes have many features designed to combat counterfeiting and the Reserve Bank of Australia (RBA) has produced a guide to assist you to detect and deal with counterfeit notes.
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2. Can I reproduce a note and what are the laws involved with such reproductions?
The Crimes (Currency) Act prohibits reproduction or representations of notes which might mislead people to believe they are genuine notes.
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3. What should I do if I have a damaged note?
If the damage to the note consists of wear, tears, sticky tape or staples, marks or defacement, and the note is complete, it can continue to be used. The damage has no impact on the value of the note. The same applies if there is a piece missing which is less than 20 per cent of the note or there is heat damage which affects less then 20 per cent of the note. These notes are called unfit notes. While unfit notes can continue to be used, the RBA asks banks, other deposit-taking institutions such as building societies and credit unions, and cash centre operators to remove these notes from circulation when they are returned to them. You can assist in the removal of unfit notes from circulation by exchanging them at your bank, credit union or building society.
If 20 per cent or more of the note is missing, the note is incomplete. You can take incomplete notes to the RBA branch in Sydney or Canberra or to most banks, building societies or credit unions who will reimburse you a percentage of the note’s face value equal to the percentage of the note remaining. They may choose to send the note to the RBA’s National Note Processing and Distribution Centre for assessment. You will need to complete an Incomplete/Badly damaged/Contaminated Note(s) Claim Form. If more than 80 per cent of the note is missing, the remaining portion has no value.
Alternatively, you can send your incomplete note with an Incomplete/Badly damaged/Contaminated Note(s) Claim Form for assessment to:
The Manager, Processing
National Note Processing and Distribution Centre
Note Printing Australia Limited
PO Box 2100
CRAIGIEBURN VIC 3064
If the note is badly damaged, e.g. severely heat affected, or contaminated, it needs to be assessed by the RBA’s National Note Processing and Distribution Centre. The RBA will pay the appropriate value for the note after evaluation based solely on visual evidence. Again, you can take the note to the RBA branch in Sydney or Canberra or to most banks, building societies or credit unions who will send it to the RBA’s National Note Processing and Distribution Centre together with a completed Incomplete/Badly damaged/Contaminated Note(s) Claim Form.
If you have a damaged note and are unsure what to do with it, more information is available on the RBA web page on damaged notes, or you can telephone the RBA on 1800 633 220.
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4. Should I accept a damaged note offered to me in payment/change?
Damaged notes can be accepted safely where there is less than 20 per cent of the note missing or affected by heat, regardless of whatever other damage there is to the note. If you believe that 20 per cent or more of the note is missing, you should refuse to accept the note on the grounds that it is incomplete.
Of course, these considerations apply only to genuine notes. You should not accept any note if there is any reason to believe it may be counterfeit, no matter what condition it is in. The RBA has a separate guide to Security Features and Counterfeit Detection which can assist you in detecting counterfeit notes.
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5. What are unfit, incomplete and badly damaged/contaminated notes?
These are categories of worn and damaged notes which are defined on the RBA’s web page on damaged notes.
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6. Are damaged notes worth full face value?
A genuine note that has become worn or sustained minor damage in circulation, i.e. an unfit note, can be exchanged for its full face value.
When a piece of a note is missing, i.e. the note is incomplete, the RBA needs to take into account the possibility that both pieces may be presented for value separately. It is clearly not sustainable to exchange each of the pieces for full face value. If two people have two pieces of the same note, the RBA’s policy is that the most equitable outcome is for each person to receive a share of the value equal to the proportion of the note they hold. The combined value paid should be the face value of the original note.
The RBA adopts the following policy for determining the value of damaged notes where pieces are missing:
If less than 20 per cent is missing: The note is regarded as unfit and full face value is paid.
If between 20 per cent and 80 per cent is missing: The note is regarded as incomplete and value is paid in proportion with the percentage remaining, e.g. half face value if half the note is present.
If more than 80 per cent is missing: No value is paid.
The assessment of value for incomplete notes depends only on the surface area remaining. Other badly damaged/contaminated notes need to be returned to the RBA for assessment.
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7. Is the serial number used when assessing the value of damaged notes?
The presence or absence of a serial number or other specific feature is not a determining factor when assessing damaged notes for value.
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8. How can I obtain value for my old Australian notes?
All previous issues of Australian notes retain their legal tender status. However, it is a long time since these notes actively circulated in Australia and most retailers and members of the public would be reluctant to accept them as they are not familiar with the designs and may suspect them to be counterfeit.
The RBA, and most commercial banks, will redeem old Australian notes at face value. If you take your old notes to a commercial bank they may exchange them for current notes. Please bear in mind that a commercial bank may require time to confirm that a note from a previous note series is genuine or may need to send such notes to the RBA for confirmation.
Alternatively, you can exchange your old notes for current notes by visiting the following RBA locations:
Location Street Address Hours of Business
Head Office
Sydney
65 Martin Place
SYDNEY NSW 2000
Map of Head Office Monday to Thursday between 9.30 am and 4.00 pm AEST and
Friday between 9.30 am and 5.00 pm AEST.
Branch
Australian Capital Territory 20-22 London Circuit
CANBERRA ACT 2600
Map of Canberra Branch Monday to Thursday between 9.30 am and 4.00 pm AEST and
Friday between 9.30 am and 5.00 pm AEST.
Both locations are closed on public and New South Wales Bank holidays.
http://www.rba.gov.au/faq/currency.html#8
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keep it with you for 10 years, then sell it to a museum or something. If you cbs, then just go give it to any bank. they'll give you 5 dollars for the 5 dollar note ect.
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I was hoping they would worth more like $5 = $50...lol
Anyone interested? I'll start with the $5 cos Ive got 2 of them...
And these notes are too big to fit into parking machines etc etc...
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Lol put them on ebay. I doubt anyone from VN wants old notes (prove me wrong lol)
You may want to research what era/year/aprox time of production they're from.
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Ok, I just checked on Google, they were around during 1990.
That means they are nearly 20 years? :o
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Ok, I just checked on Google, they were around during 1990.
That means they are nearly 20 years? :o
the year they were printed is usually shown on the note itself. Check the serial number and look at the first two numbers.
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Ok, I just checked on Google, they were around during 1990.
That means they are nearly 20 years? :o
the year they were printed is usually shown on the note itself. Check the serial number and look at the first two numbers.
According to Wikipedia these notes existed from 1966-1992...
One of the serial numbers: RHJ 539685
hmmmmmm..........
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send them to me :)
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send them to me :)
Lets say I swap one of my $5 with a $20 new note? he he he he he
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Ok, I just checked on Google, they were around during 1990.
That means they are nearly 20 years? :o
the year they were printed is usually shown on the note itself. Check the serial number and look at the first two numbers.
According to Wikipedia these notes existed from 1966-1992...
One of the serial numbers: RHJ 539685
hmmmmmm..........
lol, maybe they're extra special government prototypes of the notes to be introduced in 1966 that were made 13 years earlier
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Ok, I just checked on Google, they were around during 1990.
That means they are nearly 20 years? :o
the year they were printed is usually shown on the note itself. Check the serial number and look at the first two numbers.
According to Wikipedia these notes existed from 1966-1992...
One of the serial numbers: RHJ 539685
hmmmmmm..........
i'm guessing the note was made in 1953? well currently that's how the system works. The first two numbers of the serial number on a note determine the year it was produced. Not sure if this basis of determining the year a note is manufactured was functional back in the 60's or 70's.
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(http://img123.imageshack.us/img123/5863/dscn1240ju2.jpg)
Recently I was clearing a storeroom which contained plenty of my parents old stuff, and happened to come across these old Australian bank notes. Are these still accepted in stores? What shall I ddo with them?
u could just keep and try selling it on ebay
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Ok, I just checked on Google, they were around during 1990.
That means they are nearly 20 years? :o
the year they were printed is usually shown on the note itself. Check the serial number and look at the first two numbers.
According to Wikipedia these notes existed from 1966-1992...
One of the serial numbers: RHJ 539685
hmmmmmm..........
i'm guessing the note was made in 1953? well currently that's how the system works. The first two numbers of the serial number on a note determine the year it was produced. Not sure if this basis of determining the year a note is manufactured was functional back in the 60's or 70's.
If thats the case, then:
$5 = 1972
$5 = 1983
$10 = 1983
$20 = 1953
Sounds right, but 1953?? A bank note over 50 years old...
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Sounds right, but 1953?? A bank note over 50 years old...
i don't see why not.
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Sounds right, but 1953?? A bank note over 50 years old...
i don't see why not.
If it is 20 dollars, then it can't be 1953, because the Australian Dollar was first issued in 1966.
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Sounds right, but 1953?? A bank note over 50 years old...
i don't see why not.
If it is 20 dollars, then it can't be 1953, because the Australian Dollar was first issued in 1966.
well they may have not used the system of serial numbers etc to which it would be harder to determine the production date.
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I just found someone selling one of those at eBay:
http://cgi.ebay.com.au/5-00-1967-Coombs-Randall-R202-gFine_W0QQitemZ110332805466QQcmdZViewItemQQptZAU_Coins_Australian?hash=item110332805466&_trksid=p3286.c0.m14&_trkparms=66%3A2%7C65%3A1%7C39%3A1%7C240%3A1318
$5 = $5.50???! Noooooooooooooo!!!!!!!!!!
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Don't forget the $6 postage.
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Check the completed listings on ebay.
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Don't forget the $6 postage.
You have to use the $6 to send the item I guess...
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Eh, It's not really that valuable. If you can keep it for another 50 years, then I guess it will some value, if not exchange it at a bank.
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Eh, It's not really that valuable. If you can keep it for another 50 years, then I guess it will some value, if not exchange it at a bank.
Yep, that's what I'd do.
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become an old money collector. this could be a new hobby :P
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quote author=hard link=topic=9554.msg121713#msg121713 date=1231387303]
chuck em out.
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dont throw them out they can be valuable and you can get $50 for an old $10 note