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With very few exceptions, there is no way to recognise a valuable banknote by just looking at it.

The exceptions are usually, any first or last of a series with all digits the same, eg. A01A 000000.

Value comes with rarity and/or age, or some peculiarity with the banknote that might make it a collectable. You are going to have to work for it.

You need to be able to identify your note properly, including such detail as the design, the Chief Cashiers signature and the Bank that issued it, the serial number if applicable and the colour and font of the serial number, the date if applicable, whether or not it has a watermark and what the watermark is, variations in the colour, whether or not it has a metallic strip and where the strip is located on the note, even whether or not it might be a forgery, and last but not least, the condition of the banknote.

Condition is all important since no collector will part with large sums of money for a mutilated banknote unless it is the only one known to exist.

Armed with the details previously mentioned and anything else you can find out about your banknote, get hold of a banknote catalogue from your local library and try to match your banknote up with something in the catalogue. Most good catalogues will also contain an article on the grading of notes.

When you think you might have something of value, take it along to your local reputable coin dealer for a valuation.

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15y ago

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