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Rare $5 note worth nearly $2k

The rare note features the first serial prefix of ‘HC95’. Picture: Wynard Coins
The rare note features the first serial prefix of ‘HC 95’. Picture: Wynyard Coin Centre

A rare banknote is circulating around the country said to be worth up to 370 times more than its nominal value.

Currency experts have valued the specific $5 polymer note, released on April 24, 1995, at up to $1850.

According to Wynyard Coin Centre, the note was made with a brighter colour to make it easier to differentiate from the $10 note at the time that was similarly coloured.

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The 1995 $5 note features Queen Elizabeth II and a eucalyptus plant on the front. Picture: Wynyard Coin Centre

Notes with the serial prefix of “HC 95” with narrow orientation bands, in mint condition, have been priced from $1625 to $1850.

The note also features signatures from the Reserve Bank of Australia (RBA) governor at the time, Bernard Fraser, and Treasury secretary Ted Evans.

The rare note features the first serial prefix of ‘HC95’. Picture: Wynard Coins
The rare note features the serial prefix of ‘HC95’. Picture: Wynyard Coin Centre

The serial number, visible in the top right corner on the back of the note, displays the year the bill was first issued by the RBA in 1995.

There is also a sketch of Old Parliament House and the new Parliament House on the back, while a portrait of Queen Elizabeth II and a eucalyptus plant adorn the front.

Typically, notes that feature the first or last prefix are quite valuable, as is discontinued currency or ones with errors.