2016 Australia Five Dollars Next Generation Banknote AI16

Year:
2016
Denomination:
Five Dollars (Polymer)
Signatories:
G. Stevens / J.Fraser
Serial No.:
AI160526272
Renniks No.:
R224
Approx. Grade:
UNC
Item:
2016NEXTGENERATION$5AI160526272
Price : $12.50

2016 Australia Five Dollars Next Generation Banknote AI16

The general prefix serial numbers of the new Next Generation $5 banknotes have been selling like hot cakes in recent months.

A superb unblemished example is here on offer.

Fresh from the Bendigo Bank, this note has never been in circulation and makes a fabulous collection item.

Prices will rise so don't miss out on the lower prices. 

Since increasing security was the primary objective, the first step in the design process was the selection of suitable security features. A survey of potential features was undertaken, including features already in use around the world and those newly released or in development. This generated a list of around 200 potential features, many of which had been commonly used on paper banknotes and some of which were unique to polymer. These features were assessed by the Reserve Bank on the basis of four key criteria:

Resilience to counterfeiting

Difficulty of creating a reproduction that effectively mimics the feature

Ease of use to validate banknotes by the public and equipment (such as vending and ticketing machines)

Resistance to damage in circulation.

Taken from www.http://banknotes.rba.gov.au Bulletin September 2016

Next Generation Five Dollars banknotes released by Reserve Bank of Australia on 1st September 2016.

Obverse:        Queen Elizabeth II with Gum Branch
Reverse:        Old and New Parliament House, Capital Hill, Canberra
Signatories:    Glen Stevens, Governor, Reserve Bank of Australia
John Fraser,   Secretary to the Treasury
Width:            130.00mm 
Height:            65.00mm
Composition:   Polymer
Watermark:     The introduction of polymer banknotes saw the end of the customary Watermark. It was replaced with a Variable Optical Security Device in the bottom corner. The clear window [Optical Security Device] contains a stylised gum [eucalyptus] flower.

New security features of the Next generation banknote are:.
A holographic image of an Eastern Spinebill.  The eastern spinebill (Acanthorhynchus tenuirostris) which is a species of honeyeater found in south-eastern Australia in forest and woodland areas, as well as some areas of Sydney and Melbourne. It is around 15 cm in length and has a distinctive black, white and chestnut plumage, a red eye, and a long downcurved bill.

There are also yellow Wattle flowers, a native plant to Australia.

A three-dimensional Federation Star.

A portrait of the Queen Elizabeth II who came to the throne in 1952 and appears with a eucalyptus gum branch.

Image of the new Parliament House and the Forecourt Mosaic, which opened in Canberra in 1988.

Special note: Since the beginning of  Australian banknote production it has always been that the First and Last Prefix have always retained a higher value, and rise in value more so than the middle prefixes. These middle prefixes are generally refered to as General Prefixes.

The raw banknote sheet is printed with 6 notes horizontally and 9 notes vertically.

Each note on the sheet has a different prefix of 2 letters and the entire sheet is stamped with the exact same serial number at the time of production.

The entire prefix list is:
1st:  AA16

General:
      AB-AC-AD-AE-AF-AG-AH-AI-AJ-AK   (11)
BA-BB-BC-BD-BE-BF-BG-BH-BI-BJ-BK   (22)
CA-CB-CC-CD-CE-CF-CG-CH-CI-CJ-CK-  (33)
DA-DB-DC-DD-DE-DF-DG-DH-DI-DJ-DK   (44)
EA-EB-EC-ED-EE-EF-EG-EH-EI-             Total  (54)

Last:  EJ16

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