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Posted by cardspark on 05-Nov-2009 12:07 Report
Need help $10 Polymer note..
Hi,
Need help with $10 Polymer note, could some note collector have a look at item 8920932 for me and give a indication on whether I have listed it correctly.
I had a look at McDonald's guide and if I'm right it lists this note at $130 (mint) But now having doubts whether I read it right.
Also have a AB57 note, I just want to be sure I am on the right track, so to speak.
Any thoughts appreciated from Note collectors,
Thanks

 
Replied by samboogem on 05-Nov-2009 12:42 (Ref 1973586) Report

You may find some useful information here.....www.polymernotes.com/australia10.html

Replied by cardspark on 06-Nov-2009 10:33 (Ref 1974673) Report
Hi Sam..
I had a read of your link, I am still left with feeling that maybe I have listed incorrectly regarding it's value.
I have never had much if anything to do with collectable banknotes and the books can be a bit confusing for somebody that doesn't know how to interpret them.
I will leave it as is at the moment until that is somebody comments.
Thanks for the link,
Cheers

Replied by lctorana202 on 07-Nov-2009 05:27 (Ref 1975740) Report
Hi cardspark

Last Prefix folder CV around $110 to $130, the CV is normally a dealers price, you can normally calculate its sale value to about 50-66% of its CV, so about $55 to $85,
Because it has a crease and mark it unfortunately drops its value down a grade, so $65 would be about right.

Regards Mark

Replied by cardspark on 07-Nov-2009 10:19 (Ref 1975897) Report
Hi Mark,
Thanks for your comment,
You have hit the nail on the head in regard to my question, I needed to know if I had interpreted the book correctly and to be honest I had a stab in the dark as to the value of the note because of it's condition, actually I think I made it sound worst than it is but I would rather do that than misrepresent the condition..I am basing my grading (if you can call it that)  on my knowledge of collectable cards.
I have another for you, The AB57 note is the last one of the second release with the thick mottled varnish over the OVD, the book I have quotes in EF condition about $550, surely that is a bit rich??
Is that note so collectable to be worth that much??.
Thanks for your input,
Cheers

Replied by lctorana202 on 08-Nov-2009 02:54 (Ref 1976959) Report
The 1988 $10 polymer is a difficult one to understand, there is no great different in the value of the last prefix of the first release (AB33) and the second release (AB57), there is also little difference in the general prefix’s of the first and second release, this is despite the second release outnumbering the first by more than 22 to 1. The actual numbers that were released are unknown, thought there were no more than 719,928 first release notes printed (maximum 29,997 of each prefix) of which many were recalled and destroyed, it is estimated that the second release had between 16,000,000 and 17,000,000 produced, though how many were last prefix’s is also unknown, initially 54,000,000 notes were meant to be issued but that number was never achieved due to the reprinting and subsequent re-release.

Gauging from sales on the internet sites though there doesn’t appear to be a 22-1 ratio in AB57 (second release) compared to AB33 (first release) notes offered but there is certainly more AB57 notes that come up for sale than AB33 first releases, also the occasional AB33 note offered for sale as a first release are actually second releases, some don’t appear to understand the serials that are required for first releases.

There is some uncertainty surrounding the issue, but yes the AB57 does have a high CV value, although they don’t really realise those listed values particularly in grades below Unc or aUnc, most recent sales I have seen in the EF grade would be in range of $150 to $250.

Regards Mark
Replied by cardspark on 08-Nov-2009 13:55 (Ref 1977342) Report
Hi Mark,
Thank for your very informative post, certainly makes it easier to understand than the book regarding the values attached to these notes,
With the information you have provided I feel a lot more comfortable about listing these notes, just make sure I get the grading right, I would prefer to undergrade same as I do with collectable cards.
Thanks again and cheers.


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