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. . . 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!

news 8.7.2015 : . . . it has now been announced that the new generation of upgrade of banknotes will be released sometime in 2016. At the moment, we are not sure if the designs are the same with just additional security features added, but we have been informed that the main features of the notes are still the same. In view of the pending release, it is not sure if there are any reprints for the year date 2014 notes. And even if there were, the RBA has yet to decide if these will be released to the public for circulation. As not all denominations are printed for every year, if there was any 2014 printed, my bet would be at least the $50 piece, as this denomination is very popular for Bank's ATMs and also it has been reprinted every year since 2003.

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 This note is now been replaced by the 2009 print.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