Collecting Banknotes

Collectible banknotes displayed in a cabinet, with a magnifying glass /

Banknotes are a popular collectable and offer an interesting perspective on Australia's culture, history and values.

Many collectors aim to build a collection of banknotes based on serial numbers or signature combinations. Recent Australian banknotes include the year of manufacture in the banknote's serial number, enabling collectors to acquire banknotes based on the year they are produced.

The following information is provided for those interested in collecting Australian banknotes.

Numismatic Banknote Arrangements

One thousand pounds Australian banknote.

To coincide with the issuance of the next generation of Australian banknotes, the Reserve Bank will offer two commemorative products to the public:

  • a ‘Next Generation of $5’ commemorative folder containing one new $5 banknote at a recommended retail price (RRP) of $10.95; and
  • a ‘Two Generations of $5’ commemorative folder containing one first polymer $5 banknote and one new $5 banknote at a recommended retail price (RRP) of $19.50.

Both folders contain standard uncirculated banknotes only.

The commemorative products are available to purchase at the following retailers:

Banknote Valuations

The Reserve Bank redeems all previous issues of genuine Australian banknotes at face value. Most commercial banks will also redeem old Australian banknotes at face value, although they are not obliged to do so. There could, however, be some reluctance if bank tellers are unfamiliar with the designs and security features of the old banknotes.

Some old banknotes may be valuable as collector items. The Reserve Bank does not provide opinions concerning the market value of old, rare or misprinted banknotes. Old banknotes may be appraised by a reputable banknote and coin dealer. The Reserve Bank does not endorse any particular organisation, but a number of Australian banknote and coin dealers are members of the Australasian Numismatic Dealers Association Inc.