1999 AA $100 NOTE

Nikolce92 · February 17, 2014, 12:58:07 PM

Picked up 2 $100 notes from the bank today

1999 AA999
&
2010 AA

both have been circulated
just wondered should i keep them or use them as saving $200 is a lot for me to save at the moment?

Fulvio · February 17, 2014, 02:14:01 PM

Quote from: 'Nikolce92' pid='41970' dateline='1392604087'both have been circulated

They carry little premium over face value in circulated condition. Perhaps offer them to any forum members with deeper pockets in preference to spending them, but don't expect a lot of interest.

Fordprefect · February 17, 2014, 02:26:54 PM

Quote from: 'Nikolce92' pid='41970' dateline='1392604087'Picked up 2 $100 notes from the bank today

1999 AA999
&
2010 AA

both have been circulated
just wondered should i keep them or use them as saving $200 is a lot for me to save at the moment?

You have answered your own Question.:idea:
In general this denomination requires them to be UNC
(Excluding Test Notes and Prefix CF98):angel:

Nikolce92 · February 17, 2014, 02:45:52 PM

Ok would it make a difference if the ladt three digits of the 1999 is triple 5?

Fordprefect · February 17, 2014, 03:02:56 PM

Quote from: 'Nikolce92' pid='41978' dateline='1392610552'Ok would it make a difference if the ladt three digits of the 1999 is triple 5?

Nope.
If it was a solid 555555 yes.

Fulvio · February 17, 2014, 03:03:38 PM

Quote from: 'Nikolce92' pid='41978' dateline='1392610552'Ok would it make a difference if the ladt three digits of the 1999 is triple 5?

Nope. A Radar or Repeater might be of slightly more interest, but even then don't expect much.

Nikolce92 · February 17, 2014, 03:24:16 PM

Thanks for the information guys:)
I think ill just end up spending them then.

ausjack · February 17, 2014, 05:15:17 PM

I'd have to agree and say offer them to the forum and if no interest spend them, I had this problem a while ago and now not so into notes unless it's a big error or radar

Fulvio · February 18, 2014, 01:20:29 AM

Quote from: 'ausjack' pid='41990' dateline='1392619517'I had this problem a while ago and now not so into notes unless it's a big error or radar

The problem is that like most things, its a numbers game.

Polymer notes are printed in sheets of about 40 (45 for $10, 32 for $100). Assuming only one sheet, the prefixes are:

AA-AM, BA-BM, CA-CM, DA (Sheet two starts at DB, sheet 3 at GC, etc)

And assuming a million sheets (not quite, but near enough), that's a million first prefix notes and a million last prefix (rarely, usually the last prefix are somewhat fewer).

Compare that to 40,000 radars (123321), 40,000 repeaters (123123) and only 400 solids (111111).

These numbers vary of course depending how many sheets they actually print, which you can look up at http://banknotes.rba.gov.au/serialnumberinfo.html or any number of third-party sites or books. But you get the idea.

There aren't 40,000 collectors of polymer notes, and there certainly aren't a million. So demand is low. And not enough time has passed for attrition to make them scarce like say predecimals, or even paper notes, which have mostly been destroyed.

This makes it a buyers market. And if you can have any number of crisp, flat, UNC notes at or near face value, why would you even look at circulated notes? As AJ says, it has to really stand out to have any significant value.

That said, I hang onto any I find, as do many others. But only up to the point of unaffordability. If you have a note that's going to be worth slightly more than face value to your kids decades down the track, but you can't feed or clothe them now, its a no-brainer, isn't it?