The general prefix notes within the first release of the Next Generation series from Australia will surely become very collectible in the coming years.
A superb bank fresh uncirculated example is here on offer.
Fresh from the Ocean Grove Bendigo Bank, this note has only travelled to the bank and then to me.
Prices will rise so don’t miss out on the lower prices for these future collectibles..
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
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:
EA-EB-EC-ED-EE-EF-EG-EH-EI- Total (54)
There are 13 production processes for the new banknotes. Some of these processes are also used in the production of the first polymer banknote series, while others are unique to the new banknotes.
- Polymer. Australian banknotes start as clear plastic beads, which are melted down and blown into a large bubble.
- Film production. The walls of the bubble are pressed together and cooled to form laminated polymer film.
- Gravure. Special inks are applied to make the film opaque, except for certain areas that are left free of ink to create the clear windows, before it is cut into sheets.
- Offset. The background colours and patterns are printed onto both sides of the polymer sheets simultaneously on a ‘simultan’ printing machine. These machines can print up to 8 000 sheets per hour.
- Foil. The multiple security features in the top-to-bottom window are applied as a continuous strip. This is the first unique process for the new banknotes.
- Screen printing. The rolling colour effect is applied on a screen-printing process using an optically variable ink in a second unique process.
- First pass intaglio. Major design elements, such as the portraits and narrative elements, are printed using intaglio printing machines. In this process, the ink is transferred to the sheets under great pressure using engraved metal plates.
- Second pass intaglio. Separate print runs are required for each side of the sheet. The resulting raised print is one of the important security features of Australia’s polymer banknotes. Some of the microprinting and embossed features are also produced during this process.
- Letterpress. The serial number is added to the sheets using a letterpress printing process.
- Overcoating. A protective overcoating ink is applied to the banknotes using a flexographic printing process. This overcoat contributes to the extended durability and cleanliness of polymer banknotes.
- Tactile emboss. For the new series of banknotes, the tactile feature is applied in a final printing process. The tactile feature has been developed to assist the vision-impaired community to identify different denominations. It is made up of different numbers of raised bumps on the long edges of the banknote next to the clear top-to-bottom window.
- Guillotining. Printed sheets are guillotined into individual banknotes.
- Inspection. Individual banknotes are inspected electronically to ensure that their quality meets the required standard. The finished banknotes are then shrink-wrapped, packed into containers and stored in a strong room prior to distribution around the country.
Taken from www.http://banknotes.rba.gov.au Bulletin September 2016