2016 Australia Five Dollars Next Generation First Prefix AA16 -1

Year:
2016
Denomination:
Five Dollars (Polymer)
Signatories:
G. Stevens / J.Fraser
Serial No.:
AA160293521
Renniks No.:
R224F
Approx. Grade:
EF
Item:
2016AustraliaFiveDollarsAA160293521
Price : $19.50

2016 Australia Five Dollars Next Generation First Prefix AA16 -1

On 1st September 2016, the Reserve Bank of Australia released the first new $5 banknote design in 23 years.

Here on offer is a lovely example of this note bearing the first prefix AA16. It has a small corner fold but apart from that it is perfect.

The new note has created a considerable stir in the numismatic community as they rushed to get examples of the new offering.

It is still unclear if the notes will be withdrawn from circulation, as it often fails to register in vending machines, pokie machines and other forms of automated ticketing.

The design with the clear window through the middle is another world first for Australian banknotes and the design, although disliked by some does have beautiful features.

The hologram of the Eastern Spinebill bird which flutters its wings is one such.

The all-new tactile feature to assist sight-impaired people with identification, of the note denomination. This feature consists of a small raised bump on the upper side of the note surface.

A great opportunity to get a lovely example of this first prefix note.

The all new Next generation $5 banknote that will be issued into circulation from 1 September 2016. Key aspects of the existing design such as colour, size and people portrayed have been retained for ease of recognition and to minimise the disruption to businesses. There is a new ‘tactile’ feature to help the vision-impaired community distinguish between different denominations of banknotes. The next generation of banknotes include, an embossed ‘tactile’ feature to assist the vision-impaired community. This is the first time a ‘tactile’ feature has been included on an Australian banknote. The existing Australian banknote features that were designed to assist people with impaired vision have been retained as part of the next generation banknote design. These include, bright colours, large and contrasting numbers, and variable sizes for each denomination of banknote. Innovative new security features have been incorporated to help keep Australia’s banknotes secure from counterfeiting into the future. There is a highly distinctive top-to-bottom window. Each banknote in the new series will also depict a different species of Australian wattle and a native bird within a number of the elements. On the $5 banknote, these are the Prickly Moses wattle and the Eastern Spinebill. Tilting the note in the light reveals various features including a three-dimensional Federation Star and an eastern spinebill, a species of honeyeater, flapping its wings.

The existing $5 banknote will be progressively withdrawn from circulation but can continue to be used as usual. All previously issued banknotes remain legal tender. It will take some time for the new banknotes to be widely circulated. New versions of the $10, $20, $50 and $100 notes will also be rolled out over the coming years – the R.B.A. expects to release a new note roughly once a year.

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 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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