Why Invest in Special Serial Numbers?
Special serial number banknotes are scarce, historically significant, and have proven ROI. From star replacements to radar and ladder numbers, they offer collectors a tangible link to rarity and printing anomalies — making them one of the most actively appreciating segments of the numismatic market.
Key Investment Categories
⭐ 1. Star Notes (★)
- Printed as replacements for damaged notes.
- Investment Grade: UNC
- Top Picks:
- 1966 $10 ZSD ★ (Last Prefix) → $5,000+
- 1967 $1 ZAA ★ → $800+
🅰️ 2. First Prefix Notes
- Represent first issued notes in a signature change.
- Low print figures + demand = strong premiums
- Top Picks:
- 1966 $1 AAA Coombs/Wilson → $400–$600
- 1989 $10 FAA Fraser/Higgins → $800+
🆘 3. Last Prefix Notes
- Final issued serials of discontinued paper notes.
- Highly collectible for full signature sets.
- Top Picks:
- $1 ZLD Johnston/Fraser → $300
- $20 XUN Fraser/Cole → $1,000+
🔁 4. Radars, Repeaters, Solids
- Numbers like 1234321, 777777, or 010101.
- Pure collector psychology drives strong pricing.
- Top Picks:
- $2 Radar note → $1,500
- $10 Solid → $4,000+
❗ 5. Error Serial Numbers
- Mismatched digits or print anomalies.
- Super rare — blue-chip in banknote investing.
- Top Picks:
- 1985 $10 mismatched serial → $12,000+
- Misaligned prefix → $5,000+
Investment Strategy (2025–2027)
Starter$2,000–$5,000 Star notes, Radars, First Prefix 30–50%
Growth $5,000–$15,000 Solid/Repeater notes, Graded Stars 50–80%
Premium 15,000+Graded Errors, High-Value Stars 80–120%
Final Thought
Special serial banknotes represent the intersection of rarity and design, offering low-risk, high-potential returns. As Australia's paper decimal notes age, demand for these anomalies only rises.
Now is the time to secure investment-grade special serials before scarcity drives prices further.
Special Serial Numbers on Pre-Polymer Australian Decimal Banknotes (1966–1992)
(Excludes polymer notes from 1992 onward)
1. Star Notes (★ replacement notes)
- Issued: 1966–1972 only
- Feature: A star (★) replaces the last digit in the serial, used when notes were damaged during production.
- Scarcity: Very rare; low print runs
- Example: ZSD 16313★ on 1966 $10
- Value Estimates (UNC)
- $1: $500–$1,500
- $5: $1,200–$2,500
- $10: $2,000–$6,000+
- $20/$50: $4,000–$12,000 (extremely rare if found)
- Last Prefix Star: Add 20–30%
2. First Prefix Notes
- Definition: First serial prefix used for a new signature or series.
- Example: AAA for $1 Coombs/Wilson 1966
- Value Estimates (UNC)
- $1–$10: $200–$600
- $20–$50: $600–$1,200+
3. Last Prefix Notes
- Definition: Final prefix issued before discontinuation or change in series.
- Collectability: Often lower print runs.
- Example: ZLD on $1 Johnston/Fraser
- Value Estimates (UNC)
- $1–$10: $150–$500
- $20–$50: $500–$1,500
- Notes with short-lived signature combos fetch higher prices
4. Repeaters & Radar Notes
- Radar: Reads the same forward/backward (e.g., 1234321)
- Repeater: Repeats same digit sets (e.g., 232323)
- Scarcity: Only a small portion per print run
- Value Estimates (UNC)
- Standard Denominations: Add 50–100%
- Rare sequences (e.g., 0000001, 1234567): $1,000–$5,000+ depending on denomination
5. Solid & Ladder Numbers
- Solid: All digits the same (e.g., 777777)
- Ladder: Sequential run (e.g., 123456)
- Value Estimates (UNC)
- Solid: $2,000–$4,000+ (lower for high denominations)
- Ladder: $1,000–$3,500+
6. Mismatched or Error Serial Numbers
- Includes: Digit mismatch between top/bottom serials
- Rarity: Extremely rare and highly sought-after
- Value Estimates:
- Any denomination: $5,000–$20,000+ (dependent on clarity and denomination)
TOP COLLECTOR PICKS (2025)
- 1966 $10 ZSD★ (Last Prefix Star) → $4,500–$6,000
- 1966 $1 AAA Coombs/Wilson (First Prefix) → $400–$600
- $2 Radar Repeater (e.g., 2323232) → $1,000–$2,000
- Any Solid Number Note (e.g., 666666) → $2,500–$4,500
- Mismatched Serial Note → $8,000–$15,000+ depending on clarity
Final Word:
Special serial banknotes are a low-supply, high-demand niche — ideal for short- and long-term portfolio growth. Add rarity to your collection or portfolio today.