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Australian paper $1 and $2 notes CAN be worth more than their face value, but need to have certain serial numbers and in perfect condition. 99.99% are worth no more than their face value however - there are 19 million $1 notes still in existence, and 12 million $2 notes! The most valuable Australian $1 note is the Coombs Randall $1 star replacement note from the late 1960's - in "mint" condition, it is presently worth around $10,000, but a fraction of that if heavily circulated. Most $1 notes are not worth anything near that amount

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