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How can you tell if you have a fake or counterfeit polymer banknote? You can do this simple trick. Crush the banknote with your palm like squeezing it into a ball and then let it go immediately. The note should spring back immediately. If not, then you may have a fake note in your hand.

. . . a complete collection of all Australian polymer notes (single note) issued since 1988, including all commemorative/numimatic notes, joint issues and special serial numbered issues. The only set that I do not have, at the moment, is the 1998 $10 Portraits AA98/AB98 (with or without frame). The $10 Portrait set was a failure at that time and the notes were later withdrew as it was not popular among collectors. The price was not right then for me and that was why I didn't buy them. It was NPA intention then to release all portrait sets on a yearly basis starting with the $10 note and collectors were also given the opportunity to get them all with matching serial numbers too. Unfortunately this was not the case.

Did you know .... that the Australia polymer notes series are designed in such a way that the portraits of female and male are alternated, with serial numbers on the front and signatures on the back, ie $5 Queen Elizabeth the ll/Parliament House, $10 AB Banjo Patterson/Mary Gilmore, $20 John Flynn/Mary Reibey, $50 Edith Cowan/David Unaipon, $100 Nellie Melba/John Monash and $5 Federation Henry Parkes/Catherine Helen Spence. Of course only the normal $5 note has one portrait on the front and none on the back.

.... Also did you know that .... The following were some of the names proposed for the new Australian currency back in the 60s when it was converting from Pound Sterling to Decimal - Boomer, the Digger, the Dinkum, the Emu, the Kanga, the Ming, Oz, the Quid, the Roo and Royal. Fortunately, the Dollar won the battle! Just like New Zealand, they too have proposed few other names for their currency, like the fern, kiwi, zeal before they too accepted dollar on 10.07.1967.

10 June 2010

Australia 2008 $50 MD08 Last Prefix

This is the 2008 $50 MD08 last prefix (P60b), released in September 2009. If you have one in uncirculated condition, you should be laughing by now. The reason is that dealers are now selling this note in uncirculated condition for approx. $150 each, as compared to $90 for the AA08 first prefix. You might be wondering why. It’s simple. Less than 50,000 pieces of the last prefix were printed as compared to a million for the AA08 prefix. One would expect the value of this MD08 note to appreciate much faster than the AA08 note given the low mintage. This note is now been replaced by the 2009 print.

Personally, since Australia has ceased printing replacement notes to replace those rejected prints, to me, last prefix is more like replacement note and should worth more than those first prefix notes. I also note that in most cases, the quantity of last prefix notes are printed much less than those printed for the first prefix or AA notes.