Table of Contents
Are old Australian banknotes worth anything?
Surprisingly, old Australian paper banknotes can be quite valuable. Online banknote and coin specialist site, The Right Note, are selling notes ranging between $1500 and $15,000.
What do I do with old Australian banknotes?
The Reserve Bank, and most commercial banks, will redeem old Australian banknotes at face value. If you take your old banknotes to a commercial bank they may exchange them for current banknotes.
Are banks still accepting old notes?
Take them to your bank When it comes to old coinage, some banks will accept them. However in most cases you will need to pay them into an account, rather than swap them. And banks may impose a timescale on this.
What are old Australian $1 notes worth?
The $1 notes are a consecutive AAA-prefixed pair valued at $2975. The most desirable of all are consecutively numbered pairs (or more if you’re lucky). For example, a consecutive pair of 1966 $1 notes bearing the first AAA prefix is now valued at $2975.
Will a bank take old money?
The bank will simply take in your old notes and issue new ones. If you are exchanging a foreign currency for dollars, the bank should also provide a receipt that includes the exchange rate used and any fees.
How much are the old $2 bills worth?
Most large size two-dollar bills issued from 1862 through 1918, are highly collectible and are worth at least $100 in well-circulated condition. Uncirculated large size notes are worth at least $500 and can go up to $10,000 or more.
Can I still use my old Australian banknotes?
All Australian banknotes that have previously been issued into circulation by the Reserve Bank remain legal tender and can continue to be used. New $5, $10, $20, $50 and $100 banknotes are now in circulation.
What is the value of old banknotes?
The only exception to this is the 10 shilling banknote, which converts to $1. Some old banknotes may be valuable as collector items. The Reserve Bank does not provide opinions concerning the market value of old, rare or misprinted banknotes.
Are old Australian dollar notes still legal tender?
Although no longer printed, all previous notes of the Australian dollar are still considered legal tender. These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.
How important is the condition of my Australian note?
Condition of your Australian note is of utmost importance and greatly affects it’s value. A folded note or one kept in your wallet for years will never be worth as much as a flat crisp uncirculated banknote.