What to do with my banknotes?

Discussion in 'Banknotes' started by 316ag, Feb 6, 2022.

  1. 316ag

    316ag Active Member

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    I’ve got $104 of Aus Bank Notes. Don’t know if they have any value over face? Should I just take them to the bank?
     

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  2. barneyrubble

    barneyrubble Well-Known Member Silver Stacker

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    They all look well circulated. The paper notes though may have some value above face, unfortunately the images are too small (or possibly my eyes too poor) to see the specifics such as signatures and serial numbers.

    Are any of the ones consecutive for example?
     
  3. 316ag

    316ag Active Member

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    Thanks for the reply.
    They’re all well circulated. No consecutive numbers. Most are signed by Fraser and different Secretaries. The Commonwealth of Aus $1 are Phillips / Randell.
    I think it’s easier to just take them to the bank.
     
  4. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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  5. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I suggest that you use your wife’s hair straightener to smooth out the notes.
     
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  6. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Unfortunately, well-circulated decimal notes such as these are never going to bring much more than face value as just too many of them
    have been hoarded over the years and are still in plentiful supply.

    Another option to consider apart from depositing them in the bank is selling them on eBay in one lot.
    I think an asking figure of up to about $140 is getable for $104 in face value notes, so you should still get a bit over face for them even after the selling fees
    are deducted.
     
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  7. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    I put mine under a handkerchief and use the wife's iron.
     
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  8. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    hv you been using your missus’ straightener when she’s not around, sammy?
     
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  9. Darwin

    Darwin Well-Known Member Silver Stacker

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    I'm 90% sure you can have the RBA (or actually any bank branch) take them off your hands for face value...

    An alternative is chuck them on eBay with a nice embellished backstory - somebody is sure to be willing to pay for anything that sounds good.


    Another option is I believe they're still technically legal tender, just withdrawn from circulation. In theory you could amuse yourself by confusing and/or irritating the hell out of any number of salespeople who either don't know what they are or don't realise what they're looking at.
     
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  10. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Well, whichever way you decide to dispose of them @316ag, make sure you do it sooner rather than later and buy 3 ounces of cheap silver with the proceeds.

    Don't put them back in the drawer and forget about them for a few years, because by then with the rampant inflation that is coming they will probably only have worth
    as emergency toilet wipe paper while the 3 ounces silver will be worth double or triple current prices;)
     
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  11. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    What I’d give to have hair on the head again!
     
  12. Silverling

    Silverling Well-Known Member Silver Stacker

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    A few years ago I had some notes in the same condition as yours. I was told by a collector that they were only worth face value and to just go to the bank cash them in. So I did just that and got full face value. I also had a whole bunch of the current 50 cent pieces that were collected by my Mum. Things like Princess Diana and other themed years, all circulated. The same collector didn't want those either so I cashed those in at the banks too and got full face value.
     
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  13. alor

    alor Well-Known Member Silver Stacker

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