Old Australian Paper Banknotes Help

Discussion in 'Banknotes' started by Silverling, Aug 17, 2017.

  1. Silverling

    Silverling Well-Known Member Silver Stacker

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    Hello forum, can you help me. I have some old $5, $2, and $1 bank bills in a circulated state. It was stashed by me years ago thinking maybe one day it might be worth something.

    My question is, are they worth more than face value? Or should I just go to the bank and deposit them as regular money. Thanks for any tips.
     
  2. House

    House Administrator Staff Member

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    There's a few versions of each so years and pics of the notes would significantly help your query ;)

    I'd assume they're all worth more than face value and wouldn't hand them over to the bank. Did you check eBay for prices for notes in similar condition to yours?
     
  3. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    We have collectors in our coin club who regularly pay their dues in paper money.

    It is all down to condition and signature pairings!.

    Knowing the signatures would go a long way to working out if they are worth anything.
     
  4. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    Yes, normally these paper monies can be converted to new ones in local banks... they will honor them as face values..
     
  5. yuripuka

    yuripuka Well-Known Member Silver Stacker

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    Would there be a premium if they were new in bundles of 100 straight from the bank/mint?
     
  6. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    ^^^
    coffee money for your trouble :)
     
  7. Silverling

    Silverling Well-Known Member Silver Stacker

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    Hi, I can provide more info and along with some photos. The condition of all the notes are used, 1 with some 40 year sticky tape on it. So it's all used. At one stage 2 years ago I had another small lot of old notes and a collector told me it was of no value to him. He said, just take it to the bank as I will only give you face value and I don't really want it, so I did just that.

    So here are the photos. The top left $5 note is a Commonwealth of Australia note, all the others are just marked Australia. Face value of the lot is $90. So what should I do, sell it here maybe or take it to the bank. Thanks Everyone.
    P1000696.JPG P1000698.JPG P1000701.JPG
     
  8. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    ok, as to conditions.. they're very much circulated... hope we agree on this part... Commonwealth of Australia $5 note may fetch you $7.50-$10.... the notes are depended on those signatories at the time of printing... Stones and Frasers are common signatories as well as Stevensons :)

    But If I were you, and only $90 face value, just keep them for your kids (or grandkids) cause these won't break your piggy bank if you're holding them, right?
     
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  9. Silverling

    Silverling Well-Known Member Silver Stacker

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    Hello, I have just down sized and I am selling all my collectibles. I have no children and I am getting older and older. I have decided to sell these bank notes as that one $5 Commonwealth of Australia note might be worth a bit. Anyhow thanks for your help, my listing (with better photos) is here: https://www.silverstackers.com/foru...uding-commonwealth-of-australia-5-note.85865/
     
  10. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    well... sooooorrey
     

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