2001 $5 Note Bundle of 100 AA01 1st Prefix R219F Centenary of Federation Uncirculated
| We Last Sold This Item For: | $2,750.00 |
|---|---|
| Last Sold On: | 5/8/2023 |
| # Sold In Past 12 Months: | 1 |
2001 $5 Note Bundle of 100 AA01 1st Prefix R219F Centenary of Federation Uncirculated
Front: Caroline Chisolm at centre
Back: Sir Henry Parkes at centre
Period on Issue: 2001
This is an important bundle of 5 dollar notes, even tougher to get with the AA01 prefix.
On 1st January, 2001, Australia celebrated 100 years of the six self-governing colonies combining to form the Commonwealth of Australia.
As part of the celebrations, Australia's second commemorative note was issued - the Federation $5. Very few standard $5 notes were issued during 2001 if any at all. The Federation $5 note became available on January 2nd, 2001, and although they circulated alongside the recolored $5 note, they are now hardly ever seen in circulation today.
By the time the Centenary of Federation had taken place, the NPA had developed a good depth of experience in marketing numismatic items to collectors. With this in mind, there was always the risk that there was going to be a "glut" of supply of Federation-related notes on the collector market over the long term - as older collectors sell their collections, if the folders manufactured by NPA to meet initial collector demand is greater than the demand on the secondary market, values can remain subdued at best.
In contrast to that, the high standards of quality control at NPA also meant that the chances of misprint or error notes making their way onto the collector market was going to be extremely low also.
There was some thought that with a contrived supply of collector folders and in the absence of error notes being available in any meaningful quantity collectors may choose to focus on notes with interesting prefixes - notes with "solid" serials and "radar" serials as an example.
Now that over 2 decades has passed since the Centenary of Federation took place, we can see (with the benefit of hindsight!) that collectors seem to have limited interest in notes with special serial numbers, but much more of an interest in intact bundles of notes.
My own memory from that period is that bundles of first (AA 01) prefix 2001 $5 notes were retailing for $750 each back at that time and that bundles of standard notes were slightly below that.
The enduring collector interest in these notes sees bundles of them trading well above that figure some years later, indicating that collectors interested in setting aside a scarcer version of the Federation $5 prefer bundles.
SKU: 17753
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