Australian Bank Notes
A COLE FRASER ONE HUNDRED DOLLAR NOTE:
FIRST ISSUE
Sells between $160.00 and $450.00 depending on condition
A COLE FRASER ONE HUNDRED DOLLAR NOTE.
AUSTRALIA’S FIRST $100 DOLLAR DECIMAL NOTE:
ZKC 503907 Commonwealth issue,
Commonwealth Bank signature – COLE FRASER. Good Clean Note.
Very popular, a challenge to locate any condition. This one is better than most notes in my opinion. Minor Centre fold, Paper thick, all edges straight cut. No marks. Not cleaned. My view of a grading is perhaps EF (My view only - please assess from the scan).
You will appreciate that bank note grading is a subjective skill, so record this as my opinion only. Note vetted.
Best described as good relatively clean material, Go with that. Australian Bank notes are historically outperforming precious metals, shares and well in excess of interest rates as investment. People worry about cash in mortgage funds while notes keep going up, particularly pre-decimal ones.
BELOW IS A GRADING GUIDE WHICH MAY BE OF ASSISTANCE TO SOME:
Uncirculated (UNC)
An Uncirculated note can have centering imperfections, soft corners, little to no embossing, smudges, paper pinches, wrinkles. There can even be a corner tip fold, as long as it does not enter into the design of the note. However, the paper must Not show signs of circulation.
About Uncirculated (aUNC)
This grade reflects a note that reveals only very slight signs of circulation. Sometimes magnification is needed to discern the wear. There can be several corner folds or even a single fold in the note's design. This note is still very crisp, and without these folds or very slight wear, the note would hit CU.
Extremely Fine (EF)
This note may show evidence of noticeable wear, but still has considerable crispness. There may be several folds; however, the details are still readily discernable and somewhat sharp. A predominate portion of the note is original and circulation is not so noticeably strong as to distract from the overall design.
Very Fine (VF)
Approximately 50 to 75% of the original detail survives in this grade. However, crispness has now suffered as well as colour. This note is showing evidence of being noticeably circulated. There are obvious folds, even perhaps throughout the note, both vertically and horizontally. Most noticeably is the loss of crispness (which still minutely remains) in the note.
Fine (F)
This note still reflects detail but has lost some of its distinctiveness, especially in the design. The note is obviously well circulated, there may be virtually no crispness remaining. The edges may be rough; however, there are no tears in the note. The wear will show a past of many folds.
Very Good & Good (VG) (G)
A note in Very Good will show significant wear, distorting the details of the note. The note may be soiled, stained, rough edges, etc… A note in Good condition reflects deterioration in basically all facets. Lower Grades do exist, but aren't reasonably gradable.
