What is a UNC note?

What is a UNC note?

The grades specified by the International Bank Note Society are as follows: Uncirculated (UNC) – refers to a banknote that is bright and has no handling damage, such as folds or creases, nor any cuts, stains, or rounded corners.

How much is an Australian $2 bill worth?

A single $2 note (first prefix, numbered under 1000) is worth $3000. Also in demand are star notes. These are marked with a star, or asterisk to be correct, after the serial number.

Can uncirculated notes be used?

All Australian banknotes that have previously been issued into circulation by the Reserve Bank remain legal tender and can continue to be used. New $5, $10, $20, $50 and $100 banknotes are now in circulation.

Is uncirculated paper money worth anything?

The difference between circulated and uncirculated values is smaller for other bills. For example, $1 silver certificates from 1935 and 1957 sell for around $1.25 and $1.50 when circulated and $2 to $4 when uncirculated, according to Heritage Auctions.

What does UNC star mean?

Notes that are Uncirculated, that is, considered in new condition, have four sharp corners, no folds or bends, have the original sizing in the paper and have no evidence of being handled.

Are uncirculated notes worth anything?

Flawless uncirculated banknotes are usually worth more than their circulated counterparts. Well-centred notes also tend to be of greater value, due to their greater desirability among collectors. Damage, or minor flaws, will cause value to drop. The bigger the damage, the greater the loss.

Which Australian bank notes are worth money?

1 dollar

  • ZAF 45000* to ZAF 99999*. The ZAF 45116* certified PCGS GUNC-67 sold for around $3,000 at auction in 2019.
  • ZAG 00001* to ZAG 99999*. The ZAG 05787* certified PMG GUNC-66 sold for around $2,750 at auction in 2018.
  • ZAH 00000* to ZAH 17000*

Is it illegal to circulate banknotes in Australia?

The passing of the Australian Notes Act of 1910, which assigned responsibility for the issue of banknotes to the Commonwealth Treasury, however, made it an offence for any bank to circulate banknotes issued by a State and withdrew their status as legal tender.

When were the Australian dollar banknotes first issued?

The banknotes of the Australian dollar were first issued by the Reserve Bank of Australia on 14 February 1966, when Australia changed to decimal currency and replaced the pound with the dollar. This currency was a lot easier for calculating cost rather than the British pound,…

What is the history of the Australian $5 note?

Today all Australian notes are made of polymer. In April 1995, the design of the $5 note was updated to match the rest of the New Note Series, with additional slight changes in 1996. In 2001, a special commemorative ‘Federation’ $5 note was produced, but in 2002, the previous version’s production commenced again.

Are old Australian dollar notes still legal tender?

Although no longer printed, all previous notes of the Australian dollar are still considered legal tender. These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.