On 1st September 2016, the Reserve Bank of Australia released the first new $5 banknote design in 23 years.
A very special offer here from Noteworthy Collectibles of the first prefix AA16 and last prefix EJ16 from the all new Australian Next Generation Five Dollars banknotes. Both are in pristine uncirculated condition.
A strong addition to any portfolio of key Australian banknotes. These new notes have become incredibly popular in a very short time.
It is still unclear if the notes will be withdrawn from circulation, as it often fails to register in vending machines, pokie machines and other forms of automated ticketing. If this was to happen the value of notes such as these would certainly rise even faster.
The design with the clear window through the middle is another world first for Australian banknotes and the design, This clear window has also proven problematic with some notes ripping along this weaker point in the note structure.
The hologram of the Eastern Spinebill bird which flutters its wings is still a great touch and brings home the Australian flavour of the currency.
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 perfect example of these first and last prefix notes.
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)
The new $5 notes: collect them while they last
Besides the wattle blooms that look like pineapple pieces in vomit or alien amoebas running rampant, and the mash-up design, and the absence of famous Australian women, and the presence of the Queen, the community has embraced the new $5 note.
The Reserve Bank of Australia revealed the pinky-orangey currency this week ahead of its release on September 1.
Ironically the note depicts the Prickly Moses wattle – a derivation of prickly mimosa, with the Latin name Acacia Pulchella, meaning beautiful little wattle. It also shows the Eastern Spinebill – not in its usual white-tan colour but in a a vibrant blue-red-yellow mix.
“The designs are the culmination of a process of extensive consultation with subject-matter experts and the cash-handling industry, as well as qualitative research involving focus groups,” the RBA said.
But there is some good news.
The trend towards credit cards and the cashless society means the $5 note may not be around too long. The $1 note vanished in 1984; the $2 note in 1988; 1c and 2c coins in 1992; and the 5c coin’s life is drawing rapidly to a close.
When the ugly $5 notes begin to circulate, it might be wise to collect as many as possible. They are sure to become collectors’ items.
From: Sydney Morning Herald – By Alan Stokes