Some new £5 notes are selling for £200 on eBay

Find out how

Published 23rd Sep 2016

New £5 notes are now selling on eBay for hundreds of pounds, but only if they have a low serial number.

Those which start with AA01 are said to be worth much more than £5 with collectors bidding for them through the online auction site.

A quick search on eBay brought up lots of listings of £5 notes many with numerous bids, some over £100.

Financial website This is Money found a couple of notes which had sold for £196 after 24 bids and £228 after 23 bids.

© eBay screenshot

440 million new £5 notes have been printed, of which one million have the prefix AA01, however of those only 999,999 are in circulation as the first one AA01 000001, was given to the Queen.

The new £5 note was introduced for a number of reasons including increased security and durability.

Last year over 21,000 notes were replaced due to damage, the new polymer design is said to last up to 2.5 times longer than the paper version.

Time to check your pockets!

Photo credit: Bank of England Flickr