A Rare Banknote Listed as Legal Tender by GraysOnline Is a Forgery

Advised Grays on 16th July this note was a forgery,
and requested their advice. No answer received.
What should I do now ?

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Comments

  • Did you buy it? Or are you asking them to improve the accuracy of a listing?

  • Yes I bid and Won it on their Auction site

    • +9

      Considering the seriousness, I would suggest trying to contact them once more and warning you will be contacting the police if you don't hear a response within 48 hours.

      • +4

        Absolutely. Forgery of Australian banknotes is taken very seriously by authorities.

  • +1

    Tks mskeggs,

    Have done that in additional Emails to them, confirming that I may contact
    the Federal Police and the Reserve Bank and still no answer from Grays.

  • +1

    any link to the auction (just curious)

    and what makes you think it's fake?

    I would contact them one more tme then go to the police.

  • Also tell Grays you will lodge a complaint with ACCC for misleading and deceptive conduct.

  • The valuable Star Note is printed on both sides, but has no
    watermark to indicate its authenticity.

  • -2

    If you tried telling Grays in an email that it is a fake, you've probably just confused their customer service staff.

    Ask for a refund as it was incorrectly described. Better yet, call them.

    I'm not convinced that the police, Reserve Bank or ACCC would care about 1 potentially forged note floating around - a historical note too. I wouldn't waste my time with those options.

    Police are more worried about semi-organised crime trying to copy batches of modern notes.

    • +2

      Are you serious? Of course police would care otherwise they risk having fake note after fake note on the market.

      How could it be incorrectly described if it's described as a rare note? Why would the OP buy a fake note and why would Grays be selling a fake note just with a wrong description?

      • I too doubt they would care for the reasons given above. They would care if there was fake note after fake note on the market, but not a low risk of that.

      • According to the web the last of these notes was printed in 1971. It's a collectible (not usable) note.

        Why would the police care about a single, alleged fake note from over 40 years ago?

        If it's fake then it's incorrectly described. Return it and move on.

        • +2

          It's still Australian legal tender so it's still fake currency nd you could be charged if you tried to use it redeem it at a bank so police still need to investigate

        • +1

          The old decimal notes are still useable currency.
          We actually got handed a $2 one at a fundraising BBQ a couple of weeks ago!

    • +3

      It doesn't matter how old it is, I think you underestimate the seriousness of currency forgery.

  • Just to play the devils advocate:

    Have you verified that it is indeed a fogery?

    • -1

      "Yeah I switched if myself"

  • How much you paid for it might make a difference. So what sort of money are we talking about?
    Also tell them that you will be talking to the media about it.

  • Which star note is it? What grade was it and how much did you pay? Got a link or screenshot of the listing?

    And how did you pay?

  • Are you sure it isn't rare because it is missing that watermark whilst all the other security features exist?

    What exactly did the auction details state?

    I know people that collect rare notes with misprints like you have described.

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