2016 Australia Five Dollars Next Generation First Prefix AA16 x 5 - 2

Year:
2016
Denomination:
Five Dollars (Polymer)
Signatories:
G. Stevens / J.Fraser
Serial No.:
AA16 1389942-6
Renniks No.:
R224F
Approx. Grade:
UNC
Item:
2016AustraliaFiveDollarsAA161389942-6
Price : $169.50

2016 Australia Five Dollars Next Generation First Prefix AA16 x 5 - 2

A superb run of 5 of the first prefix notes from the new Australian $5 series.

Runs of uncirculated first prefix banknotes are highly desirable items for investment and the serious collector.

You will not find a nicer set of these notes anywhere as perfect is perfect.

Look to the future and put these treasures aside for your collection today.

A counterfeiting incident in 2010, where increased volumes of high-quality polymer $50 counterfeits entered into circulation over a short period, illustrates the emerging threat to the current banknote series and how quickly a concerted attack can develop. Of  particular concern was the fact that the counterfeits contained high-quality and consistent replications of the clear window, embossing and the white Southern Cross pattern within the clear window, and were therefore more difficult for the public to detect than most other counterfeits.

Notwithstanding the fact that the cost of manufacturing the counterfeits was significant, this incident highlighted the challenges posed by technological innovation and the access that smaller counterfeiting operations increasingly have to more sophisticated printing and scanning equipment.

While counterfeiting of banknotes from the current series has arisen mostly through domestic channels, threats to the security of Australian banknotes can also be observed through two significant international incidents. The first was in 2006 and related to a criminal network in Colombia attempting to counterfeit Australian $100 banknotes (RBA 2006).

The partially completed counterfeits had a face value in excess of $5 million, were printed on plastic film, and contained high-quality reproductions of the design, clear window, white pattern within the clear window and shadow image.

Taken from: 
The Next Generation Banknote Project on Reserve Bank of Australia Bulletin | March Quarter 2014

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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