2016 Australia Five Dollars Next Generation Last Prefix EJ16 x 2

Year:
2016
Denomination:
Five Dollars (Polymer)
Signatories:
G. Stevens / J.Fraser
Serial No.:
EJ161115685-6
Renniks No.:
R224L
Approx. Grade:
UNC
Item:
2016AustraliaFiveDollarsEJ161115685-6
Price : $60.00

2016 Australia Five Dollars Next Generation Last Prefix EJ16 x 2

A super little pair of last prefix notes from the 2016 Australian Next Generation banknotes.

Pristine, bank fresh examples just waiting for your collection.

Guaranteed not to last long as they are becoming harder to source all the time.

The second counterfeiting incident occurred more recently in Mexico, where the 50 peso banknote, which is produced on the same polymer substrate as Australian banknotes, was counterfeited in large numbers until the Mexican federal police made arrests in November 2012 (Bank of Mexico 2013). By the time the Bank of Mexico had upgraded the 50 peso polymer banknote with improved security and released the banknote into circulation in May 2013, 220 000 counterfeits of the original polymer 50 peso banknote had been seized. In addition to the direct costs that were incurred by victims, this incident highlighted the substantial indirect cost to the taxpayer resulting from the need by the Bank of Mexico to design, produce and issue an upgraded 50 peso banknote in a short space of time. These examples of large-scale, high-quality counterfeiting incidents are a cause for concern for the Bank. They show that sole reliance on the polymer substrate and the security features presently in use is no longer enough to ensure long-term confidence in Australia’s banknotes. It is a testament, however, to the success of the original series of polymer banknotes that the Bank has been able to delay introducing a new banknote series for over 20 years. This is in comparison with other countries that, on average, have to replace their series every 7 to 10 years. 

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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