Banknote Valuations
The RBA redeems all previous issues of genuine Australian banknotes at face value only. Most commercial banks will also redeem old Australian banknotes at face value (although they are not obliged to do so) but there could be some reluctance if bank tellers are unfamiliar with the designs and security features.
The RBA does not provide opinions concerning the market value of old, rare or misprinted banknotes. If you wish to have banknotes appraised, it is recommended that you contact a number of banknote and coin dealers. Without endorsing any particular organisation, there are a number of Australian banknote and coin dealers that are members of the Australasian Numismatic Dealer’s Association (ANDA). For more details, please visit the ANDA website.
