2016 Australia Five Dollars Next Generation First and Last Prefix AA-EJ -5

Year:
2016
Denomination:
Five Dollars (Polymer)
Signatories:
G. Stevens / J.Fraser
Serial No.:
AA161361557-EJ160908357
Renniks No.:
R224F + R224L
Approx. Grade:
UNC
Item:
2016Australia5dollarsAA161361557-EJ160908357
Price : $59.50

2016 Australia Five Dollars Next Generation First and Last Prefix AA-EJ -5

Brilliant offer here. The first prefix AA and last prefix EJ new, crisp and clean from the new Next Generation Five Dollars notes series. Be very quick.

Until stocks run out, Noteworthy Collectibles is offering these special combination pairs of first prefix AA16 and last prefix EJ16.  

Both notes are in pristine, uncirculated condition. 

Be quick as others are beginning to buy these up.

Overall, Australia's counterfeiting rate is relatively low compared with many other countries. In particular, Australia has avoided the high levels of counterfeiting that some other countries have experienced. Australia's counterfeiting rate peaked at 25 ppm in 2015. By contrast, Brazil, Canada, Mexico and the United Kingdom have all reported counterfeiting rates in excess of 100 ppm in the last 15 years. Notably, Canada's counterfeiting rate reached a peak of 470 ppm in 2004 while the United Kingdom reached a peak of over 300 ppm in 2008. As a result, Canada issued a new series of banknotes between 2001 and 2006 and ‘aggressively withdrew’ the previous series, while the United Kingdom has issued the first denomination in a new series, with further denominations to be issued in coming years (Fung and Shao 2011). Both countries also made the move to polymer as part of their push to further enhance the security of their banknotes.

Overall, Australia's counterfeiting rate is relatively low compared with many other countries. In particular, Australia has avoided the high levels of counterfeiting that some other countries have experienced. Australia's counterfeiting rate peaked at 25 ppm in 2015. By contrast, Brazil, Canada, Mexico and the United Kingdom have all reported counterfeiting rates in excess of 100 ppm in the last 15 years. Notably, Canada's counterfeiting rate reached a peak of 470 ppm in 2004 while the United Kingdom reached a peak of over 300 ppm in 2008. As a result, Canada issued a new series of banknotes between 2001 and 2006 and ‘aggressively withdrew’ the previous series, while the United Kingdom has issued the first denomination in a new series, with further denominations to be issued in coming years (Fung and Shao 2011). Both countries also made the move to polymer as part of their push to further enhance the security of their banknotes.

Taken from Reserve Bank of Australia Publications Bulletin March 2017 for educational purposes only.

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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