Banknotes for Investment
Banknotes for investment
Banknotes for investment
Rare banknotes have a solid investment history. The market, both national and international, has shown significant and steady growth in sales which is backed by past and present catalogue and auction sales. Access Economics rates banknotes as the number one investment in Australia over the past 10 years, and the Australian Financial Review quoted banknotes as the “top earners”, representing an excellent way to diversify your portfolio
A pound ‘payable in gold’ and worth a small fortune
The investment performance of Australian George V-era banknotes in high grade has outstripped most, if not all, alternatives in the numismatic world over the last 20 years (and more traditionally recognized forms of investment as well).
Consider the value of the One Pound Riddle/Heathershaw Renniks 26 (R26) in Uncirculated condition:
| 1989 | $250 |
|---|---|
| 1998 | $1,150 |
| 2012 | $11,500 |
Whilst these figures are sourced from Rennicks catalogues, past auction prices confirm their credibility. In 1991 an Uncirculated example sold for $270, in 1999 another for $1430, whilst in 2009 a dealer paid $9902.50. In other words, the R26 in Uncirculated condition has achieved a forty-fold increase in 20 years, at a compound rate in excess of 20% per annum. This illustrates the staggering returns achieved by seeking rate and quality Australian banknotes and holding for the long term.
