Australia’s Number One Online Banknote and Coin Specialist – Established 1995

Australia’s Most Asked Question on Decimal Paper Banknotes

The question most asked by email or telephone is, what is my banknote collection worth? With 21 years’ experience we know these questions. These are the most asked questions, it is always interesting to learn the history and current price of your decimal banknote portfolio.

We have solved the problem, an easy and quick calculator for your decimal banknote portfolio.

Take the guesswork out of your portfolio prepared by our Managing Director Mr Richard E Fahy for 2016.

We offer a free service to clients worldwide, enquiries range from the rarest of banknotes issued in Australia and internationally, these banknotes are researched and valued for all clients as part of our complimentary or our paid valuation service.

The most common question we are asked is:

What are the Australian last paper banknotes issued currently worth?

Australian One Dollar Value?

Australian paper banknotes were phased out in 1982 with the commencement of the One Dollar to the end of paper money with the Hundred Dollar in 1996.

The One Dollar with the signature combination of Johnston/Stone was phased out in 1982 to be replaced with the One Dollar Coin.

The Two Dollar with the signature combination of Johnston/Fraser was phased out in 1984, to be replaced with the two dollar coin in that same year.

As these were the first two paper banknotes to be phased out in favor of coinage, The Reserve Bank of Australia instructed Note Printing Australia (supposition) to have a final print run totaling many hundreds of millions of banknotes of each denomination. Well beyond any anticipated public spending of this money & previous printing runs of any decimal paper money.

The expectation was the Australian public would store these banknotes for generations to come looking for a good capital growth. Whether purchased in bundles or multiple numbers the public flocked to the idea. Expectations of collectors could not be based on previous historical fact up to this time on an estimated long term investment return. Therefore there can be no estimation of exactly the final print run of The One Dollar Johnston/Stone or The Two Dollar Johnston Fraser, this information has been withheld by The Reserve Bank for over 25 years.

There was ample notice given in advance well before this change from paper money to coinage by The Reserve Bank through 1982 to 1984. These denominations of One & Two Dollar were placed on the Australian market in bundles of 100 or multiples as requested by the particular bank. To this day the most requested question is how much is my One Dollar or Two Dollar worth?

There are no available figures from online sources or government sources, just how many were printed of all denominations.

We offer to all readers the following phasing out of Australian paper money from 1982 to 1996, their original purchase price, and their current recommended retail price.

All banknotes are quoted in uncirculated grades only. Banknotes below this grade are only worth their face value. Unless otherwise confirmed by a trusted and reputable Australian banknote dealer. www.therightnote.com.au as Australia’s leading on line numismatic dealer should always be your first port of call, 21 years of international numismatics experience, honesty with integrity.

These prices are quoted as recommended retail prices, and not reflective of a wholesale price.

Price Summary: 1st February 2016

Signature Year of Withdrawal Issue Price Recommended Retail
One Dollar Johnston/Stone 1982 $1 $7
Two Dollar Johnston/Fraser 1984 $2 $9
Ten Dollar Fraser/Cole 1991 $5 $60
Twenty Dollar Fraser/Evans 1993 $20 $110
Fifty Dollar Fraser/Evans 1993 $50 $200
One Hundred Dollar Fraser/Cole 1992 $100 $340

Copyright: RE Fahy Pty Ltd Trading as The Right Note. 4/505 Bridge St. Sydney. NSW. 2000.

Copyright 2016. @ The Right Note no reproduction in part or whole can be used without the prior approval of  RE Fahy Pty Ltd.

Any usage will include the Australian trade practices act, this information is protected by such Australian acts C24.5 C 28.5.

FROM THE DESK OF RICHARD EDWARD FAHY. FAIM.FAMI.FASA.