2016 Australia Five Dollars Next Generation Banknote BG16

Year:
2016
Denomination:
Five Dollars (Polymer)
Signatories:
G. Stevens / J.Fraser
Serial No.:
BG16 0560495
Renniks No.:
R224
Approx. Grade:
UNC
Item:
2016NEXTGENERATION$BG160560495
Price : $12.50

2016 Australia Five Dollars Next Generation Banknote BG16

A general prefix banknote from the new Next Generation $5 series from Australia in mint condition.

UNC and never circulated. Simply a beautiful note!

Be quick to avail yourself of these truly fine numismatic collectibles before the market rises.

 

There have been five different issues of this $5 denomination:

A paper note which had a gradient of mauve, with a distinct black overprint.

The first Polymer banknote issue, which can be recognised for its distinct mauve colouration and numeral font, was first issued in pale mauve (1992). A number of people found it difficult to distinguish from the $10 banknote, especially in poor lighting conditions.

In 1995, a second polymer issue was created, distinguishable by its deeper shade and different font for the numeral.

A federation commemorative was issued in 2001 for that year only. Notes featured Sir Henry Parkes on the obverse and Catherine Helen Spence on the reverse.

From 1 September 2016, a new design of the note was debuted with more security features and a 3D tactile feature for those with vision difficulties. This new note has a clear strip, roughly in the middle of the note. This note has caused problems in vending machines, that have not been designed for the note.

The initial paper five-dollar note was designed by Gordon Andrews, with Russell Drysdale as the Reserve Bank of Australia’s artistic advisor. This note featured portraits of Sir Joseph Banks and Caroline Chisholm, as well as elevations of Sydney streets from Joseph Fowles’ "Sydney in 1848", the cover of the Shipping Gazette, a watercolour of the Waverley, and a handbill of a meeting of the Family Colonization Loan Society. All of these images were sourced from the State Library of New South Wales.

from Wikipedia for the purposes of education.

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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