How to tell if your $5 notes is worth a fortune
A money expert has revealed how to identify if your old $5 notes are worth a small fortune.
Commerce teacher Joel Kandiah posted a video on TikTok showing viewers tips on how to tell if they have one of the rare and highly valuable Australian banknotes.
“It needs to have a Stevens/Fraser signature combination,” he said in the clip.
“It’s serial number needs to start with ‘BA 15’.”
The host of The History of Money channel concluded, “Depending on the condition, it is worth between $100 and $1750!”
Since the video was uploaded to the social media platform, it received more than 17,000 likes in a single day.
Other users shared their opinions on the short clip.
“You could have told me this before I used it at the canteen,” one commenter wrote.
“I have been saving these for years, I have hundreds of them,” another said.
According to Kandiah, the note is so valuable because it was the last print run of the old style of banknote before the new version was released.
“They printed these to fulfil increased demand in 2015,” he said in the comments.
When asked about how to sell the notes, he said eBay or going to see a dealer would be the best options.
Surprisingly, Australian paper banknotes can be very valuable.
The Right Note, an online banknote and coin specialist site, are selling notes for anywhere from $1500 and $15,000.