Circulated 1996 $50 Notes - Coin Community Forum

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Author	Replies: 2 / Views: 589
MS71 New Member Australia 6 Posts	Posted 10/29/2023 12:44 am Hi, While doing some spring cleaning I came across several circulated 1996 $50 notes I put aside back when I was in my note noodling phase. Renniks lists them as being worth around double the face value. Is anyone really going to pay that much for them or should I just use them the next time I play the pokies? Thanks Report this Post to the Staff

sel_69l Bedrock of the Community Australia 21593 Posts	Posted 10/29/2023 02:40 am According to RBA' s official inflation calculator (which tax agents use), the buying power of 1996 $50 Note will only buy $26.50 worth of goods and services in 2022., in terms of 1996 dollar values. Nearing the end 2023, with current inflation rate of about 5%, the buying power has just dropped to about $25.20. and continuing to head south. According to RBA inflation calculator, average inflation rate 1996 - 2022 is 2.5 %, year on year. If you manage to sell 1996 crisp flat uncirculated $50 Notes at $100 each, net of shipping charges and ebay fees, you may? just break even. They would have to have a catalog value significantly higher than $100 each, to attract an interested buyer. Edited by sel_69l 10/29/2023 02:46 am Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 10/29/2023 08:51 am Condition? How about some pics? to the CCF! Report this Post to the Staff
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