New Zealand 1999 Annual Folder Issue - 746 sets issued

One thousand sets printed but only 746 sets were sold. The rest were destroyed.

 

1999 Annual Folder Issue with matching S/N AA99 000 098

Five Dollars, ND P185

Reverse Ten Dollars, P186 Reverse

Twenty Dollars, P187

Reverse

Fifty Dollars, P188

Reverse

One Hundred Dollars, P189

Reverse

Footnote: -

Below are the details of New Zealand 6th and 7th series annual Collector's sets issued from 1999 to 2016 by the Reserve Bank of New Zealand. These are all polymer series of banknotes and only issued for 9 years. Whilst these are numismatic products, not all notes sold in this format were released to the public for normal circulation. The only way to get the banknote with the particular year is to get the annual collector's sets. All annual sets were limited to 1000 sets only. The first set was issued in 1999 when New Zealand fully converted all banknotes from paper to polymer substrate materials.

 

1999 - 1000 sets limited edition, only 746 sets sold at NZ$240 per set;

2000 - 1000 sets limited edition, only 817 sets sold at NZ$255 per set;

2001 - 1000 sets limited edition, only 491 sets sold at NZ$250 per set;

2002 - 1000 sets limited edition, only 291 sets sold at NZ$270 per set;

2003 - 1000 sets limited edition, only 273 sets sold at NZ$270 per set;

2004 - 1000* sets limited edition, all sold out at NZ$295 per set;

2007 - 1000* sets limited edition, all sold out at NZ$295 per set;

2008 - 1000* sets limited edition, all sold out at NZ$295 per set; and

2016 - 1000 sets limited edition 7th series, all sold out at record time at NZ$295 per set.

 

It is not sure why the sale figures for the 2002 and 2003 sets were so low. Perhaps collectors felt that these were only issued as numismatic products and would not bother to keep buying them for all other years. Or could it be that this was due to poor marketing outside the country or the lack of it. However, the distributions method changed for the sale of the 2004 annual sets and from there onward, all sets were fully sold. It is very unfortunate that all unsold sets from 1999 to 2003 were destroyed by the bank. I am pretty sure that all sets with serial numbers from single digit, right up to no. 100 are all in collector's hand.

Note * - only 999 sets were put on sale as the Reserve Bank retained one set for their own archive purpose.