Join Australia's most dynamic and respected property investment community

Invest in coins/banknotes?

Discussion in 'Living Room' started by Johnny Cashflow, 6th Oct, 2016.

  1. Johnny Cashflow

    Johnny Cashflow Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    730
    Location:
    SA
    Always thought it was a waste of time but been looking on eBay and realise people pay big money for some old notes in urcirculated condition..



    Superannuation Investments

    There is an interest in the investment of rare banknotes through superannuation funds, as a means of diversifying funds.

    Rare Banknotes – The Best Producing Asset in Australia from 1990-2000.

    Rare banknotes as both a superannuation and private investment have given outstanding returns over 30 years of survey’s conducted from 1977 up to 2000.

    Annual capital returns of 15-20% in the superior graded banknotes of Uncirculated.

    Annual capital growth from Australian Banknote and Coin Catalogues have shown from 2010 to 2011 an average growth of approximately 10-15% per annum.
     
  2. TMNT

    TMNT Well-Known Member

    Joined:
    23rd Jul, 2015
    Posts:
    1,386
    Location:
    Melbourne
    so which ones are good investments
    I used to collect them as a kid

    the rarest thing I have is a bundle of $1 and $2 notes
     
  3. Johnny Cashflow

    Johnny Cashflow Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    730
    Location:
    SA
    If they are good condition probably worth a bit.

    I think the first prefix AA serial number and the last prefix is what collectors are usually after
     
  4. TMNT

    TMNT Well-Known Member

    Joined:
    23rd Jul, 2015
    Posts:
    1,386
    Location:
    Melbourne
    uncirclated in a strap, but im sure they arent rare serial numbers,
    I just got the cheapest one because I wanted a bundle :)
     
    Greyghost likes this.
  5. Ted Varrick

    Ted Varrick Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    563
    Location:
    No Mans Land
    Don't ever forget to check the back of Grandpa's wardrobe for that bag of pennies he collected from 1930...
     
    chindonly likes this.
  6. TMNT

    TMNT Well-Known Member

    Joined:
    23rd Jul, 2015
    Posts:
    1,386
    Location:
    Melbourne
    i always wonder if these rare ones like the AA or the AA000001 dont even make it to the public and are simply sold as a collector piece or retained by the manager or CEO or supervisor
     
  7. chindonly

    chindonly Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    335
    Location:
    Brisbane
    Have recently wondered, with an increasingly cashless society what will happen when we don't need coins or notes. It will happen one day. Will it make old, semi valuable coins and notes more or less valuable?

    Have been given a reasonable collection from my dad, and slowly adding to it more as a hobby than an investment.
     
  8. chindonly

    chindonly Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    335
    Location:
    Brisbane
    Correct - first and last prefixes and star notes are many times more valuable.
     
  9. Johnny Cashflow

    Johnny Cashflow Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    730
    Location:
    SA
    Star notes?
     
  10. Raydar

    Raydar Well-Known Member

    Joined:
    6th Jul, 2015
    Posts:
    306
    Location:
    Newcastle NSW
    They used star notes to indicate a replaced/reprinted note in a bundle I think.
     
  11. mikey7

    mikey7 Well-Known Member

    Joined:
    30th Mar, 2016
    Posts:
    195
    Location:
    Sydney
    A reprint of one that got messed up in some way (print issue) during the printing process.
    That specific note (same serial number) is then reprinted with an asterix (actually a star if you look closely) next to the number.
     
  12. chindonly

    chindonly Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    335
    Location:
    Brisbane
    Australia-R-15-S-1952-10-Shilling-Coombs-Wilson-STAR-Note.jpg
     
  13. Johnny Cashflow

    Johnny Cashflow Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    730
    Location:
    SA
    Is this still done with notes today?
     
  14. Redwing

    Redwing Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    837
    Location:
    WA
    There's also this

    Collectables and personal use assets

    New rules in July 2016 include
    • NOT LEASED TO RELATED PARTY.Collectibles (collectables) and personal use assets must NOT be leased to any related party of the SMSF
    • NOT STORED IN PRIVATE RESIDENCE.Collectible and personal use assets (PUAs) must NOT be stored or displayed in the private residence of any related party of the SMSF (although it can be stored, but not displayed, in business premises)
    • REASONS FOR STORAGE IN WRITING.SMSF trustees must record in writing the reasons for the decision on where to store the collectible or PUA, and keep that record for 10 years.
    • MAINTAIN INSURANCE.SMSF trustees must ensure the asset is insured in the name of the fund within 7 days of acquisition (according to the ATO it is possible to take out a collective policy for all collectibles held by a SMSF provided the insurance policy is still in the name of the fund).
    • NOT USED BY RELATED PARTY.Collectibles and PUAs are NOT to be used by any related party of the SMSF (which means you can’t hang your fund’s art work in your business premises, or a related party’s business premises, according to the ATO).
    • VALUATION BY QUALIFIED INDEPENDENT VALUER.Transfer of ownership of collectables and PUAs to a related party of a SMSF must be done at a market price determined by a qualified independent valuer.
    Link

    This was also of interest

    Rare coin company placed into liquidation owing private investors millions
     
  15. Johnny Cashflow

    Johnny Cashflow Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    730
    Location:
    SA
    I will just keep them under my bed
     
  16. Redwing

    Redwing Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    837
    Location:
    WA
    Or buried in the garden :D
     
  17. chindonly

    chindonly Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    335
    Location:
    Brisbane
    Stopped in 1971 according to these guys.

    Australian Star Notes