It’s been in the press almost every week since it was first released back in September, so we thought we would address some of the myths about the £5 polymer banknote.
The rare £5 note with serial number AK47 that ‘sold’ for over £80,000 on eBay!
Notes with the serial number AK47 have been particularly popular thanks to the machine gun connotations. Back in October, news emerged that a £5 banknote with the prefix Ak47 had fetched a winning bid of £80,100 on the online market place eBay. The seller must have been overjoyed with the jackpot amount but it turned out the buyer had no intention of paying up.
As much as we love the design of the new fiver, there is no way we would pay anywhere near £80,000 for it, no matter what serial number it had.
Or the fivers with a James Bond theme?
Described as an “AK37 007 James Bond Bank of England Polymer £5 note” in a lovely condition, this banknote sold for £5000.
Although there must be plenty of James Bond fanatics out there we can think of so many other items of James Bond memorabilia that fans could spend £5000 on! And realistically, if you had the choice, which would you prefer to spend £5K on?
What about the AA01 banknotes?
When they were first released in September, the new polymer banknotes created a collecting storm. In fact I’m almost certain that every single person in the country checked their new note at some point to see if they were lucky enough to find one with the prefix AA01.
Although a banknote with the prefix AA01 might be worth slightly over face value to someone who is genuinely interested, we must remember that 1 million AA01 banknotes were printed. So as much as I wish it could be true, reality check – don’t expect a big payout if you do find one.
And the upside down fiver?
There have been countless stories and accounts of new plastic banknotes fetching eye-watering sums of money at auction over the recent weeks but one eBay seller took things a step further when he listed his ‘upside down’ banknote.
Although the seller stated in the description that the listing was a joke, he still received lots of serious questions about the note.
Do look out for these £5 notes worth more than £20,000 in circulation! If you come across a fiver with a micro-engraved portrait on Jane Austen on, whatever you do, do NOT spend it.
Four special £5 notes, engraved with a tiny portrait of author Jane Austen have been put into circulation and could be worth more than £20,000. In fact, Graham Short’s work has an insurance valuation of £50,000 so these £5 notes will give you an extra £49,995 of value if you find one – one note has already been found at a cafe in South Wales.
Serious Collectors: What to look for…
Collecting banknotes is a serious hobby that many thousands of people all over the world enjoy.
There are many ways of assembling collections of banknotes, for example banknotes that feature famous people (scientists, writers or politicians) or banknotes with historical context such as those from a certain era.
Generally collecting banknotes is not about the serial number it possesses, instead the chief cashier is of most interest, particularly on UK banknotes. This is where real rarities can be found – in the form of Chief Cashier signatures.
Banknote designs rarely change but on average cashiers change every 5 or 6 years with some in the position for as little as 3 years.
The new polymer £5 banknotes have the current chief cashier signature – Victoria Cleland. These banknotes will always be considered the ‘first’ polymer banknotes regardless of what serial number they hold and importantly uncirculated notes or those in good condition will also always be more sought after.
So if you are genuinely interested in collecting banknotes, the chief cashier is what you should really be looking for.