Need Help grading and pricing banknote collection given to me

Dazza · January 06, 2013, 05:23:55 AM

Hi I am located on the northern end of the Gold Coast and was wondering if someone could help me grade and price a collection of decimal bank notes I have been given ? A lot of the notes are commonwealth of Australia
What I need is a picture of a note with the grade so I have some idea what I am looking for if any one has some.

trout · January 06, 2013, 08:00:43 AM

:welcome:
This site may help
http://australianbanknotes.net/

goatieman23 · January 06, 2013, 07:53:18 PM

As for grading, here are my links from external sites:
My Grading guide for Banknotes/Polymers on Coin Community forum
:wavemulticolor:
My Grading Guide on eBay
I'm not sure if I'm allowed to post external links, but they're fairly detailed & make you grade them realistically unlike some people around.

trout · January 06, 2013, 08:38:43 PM

I only have a rough idea of how to grade banknotes so I just DON'T.
I spend banknotes and collect coins dead easy, simple as that :good:

Dazza · January 06, 2013, 08:58:03 PM

Thanks for the help but what I need is a picture of aa note with the grade so I have some idea what I am looking at if any one can help

Mister T · January 06, 2013, 10:14:26 PM

The older Renniks books have what you're looking for but they're black and white.

goatieman23 · January 07, 2013, 10:27:28 AM

Hi Dazza, have a look at the current link below:
http://www.australian-coins.net/showthread.php?tid=428
I posted a picture right at the bottom of the post with an AA95 note in Fine condition. Generally with an angled photo with some reflective light, you can see creases or blemishes.

enworb · January 07, 2013, 10:43:35 AM

Why dont you take pictures of what you have and people can then grade them for you.

Splock · January 07, 2013, 12:42:25 PM

The IBNS (International Banknote Society) has a set of internationally recognized grading standards with accompanying pictures to illustrate the condition.

Bigfellani5 · January 07, 2013, 03:47:07 PM

you can not grade banknotes from pictures...simple as that....a picture no matter how good does not show everything. Best to physically take them to a dealer.

Dazza · January 07, 2013, 09:30:50 PM

Does anyone reside on the Gold Coast I could show them and see what they think

trout · January 07, 2013, 10:43:03 PM

:laugh2:

Quote from: 'Dazza' pid='5910' dateline='1357556450'Does anyone reside on the Gold Coast I could show them and see what they think

Grading banknotes is a pretty specialised field of numismatics, to me coins are pretty easy (Now) but banknotes are a totally different kettle of fish.
We have many enthusiastic note collectors but only a few real experts in this area, also many of the members of online forums are recluse and are a little bit weary of actually talking to and meeting in person an online member.
If I was within 100k's I would have a look for you but all I would be able to do is tell you if they were 1st or last prefix and a real rough estimate of their grade and value.
I live on the Midwest coast of WA so feel free to pop over and I will give your notes the once over:laugh2:
Depending on where you are your best bet is to take them to a coin show and let some of the dealers and experts have a squiz at them.
Another thing you could do is simply list the denomination and the serial # and the resident experts here will let you know what signature they are and if they have any inherent value regardless of grade and then take a couple of pics and post them here so they can get a rough grade for you.

Fordprefect · January 07, 2013, 11:50:53 PM

Quote from: 'Bigfellani5' pid='5894' dateline='1357535827'you can not grade banknotes from pictures...simple as that....a picture no matter how good does not show everything. Best to physically take them to a dealer.

What ^^^^^^^^^^^^ Shane has stated

For starters:-
An R71 in what appears to be uncirculated.

This note was taken from a brick in 1966 by my good self,
Never been in circulation,
BUT in decades to follow it's been in and out of folders and
generally poorly treated by me.
Make note of the ever so slighty bent corners, Grade EF

Another R71 as imaged looks about VF, In hand aF
Not really worth collecting unless it's the only one you have.

Yet a similar grade R72 much harder to obtain and is worth slotting
into that blank space until a aUNC or UNC can be obtained.

As to valuations, go by the "Book" if you are retaining them.
Sale price expectation (ebay) maybe 1/3 of book price,
maybe more if you strike a Hot night.
From Macca's 15th Edition
1: Book $32 for a UNC $90
2: Book $10 for VF $18
3: Book $80

Accurate grading and Signature Combo's make a big difference.
First and last prefixes add another element.

ausjack · January 08, 2013, 10:28:33 AM

I want to get up here soon and have a look, you could maybe try them http://www.coins-stamps.com.au/