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11.02.2016 News - It has now been announced that a new $5 "Wattle" note will be released on 01.09.2016 to coincide with the National Wattle Day. This is the first of the next generation of banknotes which will include a tactile feature for the benefit of those vision-impaired. The new series will retain the same colour, size and the same people that portrayed on the current notes. The release of the $5 will also marks the 50th anniversary of Australia conversion to the decimal currency (14.02.1996). Full details of the note will be released in the middle of the year.

. . . a complete collection of all Australian polymer notes (single note) issued since 1988, including all commemoratives, joint issues and special serial numbered issues. The only sets that I do not have, at the moment, are the 1988 bicentenary 3 coins and 3 banknotes portfolio album issue and the 1998 $10 Portraits AA98/AB98 (with or without frame). The Coins & Banknotes set comprises of 3 notes ($2 last paper, $5 paper and $10 polymer 1988 commemorative). I have not purchased this set as the notes used for this issue were just ordinary notes with no unique or special serial numbers. A total set of 25,000 albums were issued at a price of $120. As for the $10 Portrait set, it 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!

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!

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 This note is now been replaced by the 2009 print.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.