Old paper $50 AUD

Discussion in 'Banknotes' started by betterinvestmentthanshare, Sep 28, 2023.

  1. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

    Joined:
    Apr 26, 2014
    Messages:
    465
    Likes Received:
    181
    Trophy Points:
    43
    Location:
    South Australia
    Just come across 4 notes.
    Are they still legal tender?
    Are they worth anything to a collector?
    Cheers
     
  2. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    5,413
    Likes Received:
    3,513
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
    if not badly ripped, then Any bank has to exchange your old paper monies..they’re legal tender…unless they are in MINT condition, the you might get @$55ea…depending on serials
     
    barneyrubble likes this.
  3. barneyrubble

    barneyrubble Well-Known Member Silver Stacker

    Joined:
    Jan 30, 2017
    Messages:
    711
    Likes Received:
    452
    Trophy Points:
    93
    Location:
    Brisbane
  4. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

    Joined:
    Dec 31, 2014
    Messages:
    2,088
    Likes Received:
    3,132
    Trophy Points:
    113
    Location:
    Melbourne, Australia
    I don't believe Australia has ever expired any old notes. Even the old pound notes are probably still good, but they would certainly cause some confusion at the bank. :)
     
  5. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

    Joined:
    Mar 25, 2020
    Messages:
    1,538
    Likes Received:
    4,723
    Trophy Points:
    113
    Location:
    Deep Down The Rabbit Hole
    Not quite correct GoldnenEye.

    Take in any of the pre-1933 Australian banknotes that state this note is redeemable for gold and see how you go;)
     
    Last edited: Sep 28, 2023
    yuripuka, Acorn and GoldenEye like this.
  6. tozak

    tozak Well-Known Member Silver Stacker

    Joined:
    May 6, 2011
    Messages:
    1,957
    Likes Received:
    79
    Trophy Points:
    48
    Location:
    Australia
    Old notes are fine to exchange at any of the major 4 Banks (CBA, Westpac, ANZ, NAB) if they are damaged, incomplete or pre-decimal notes then the major 4 still take them but you have to wait 4-6 weeks whilst they get processed at the RBA. I took some old paper $20 notes into CBA that where sticky taped back together from shredded pieces, they exchanged the complete ones on the spot the others they sent to the RBA and some where paid out at $10 others $20. There is a conversion chart for the pre-decimal on the RBA website but it's still the same as 1966 so it's better off to sell those to collectors regardless the condition.
     

Share This Page