Three new polymer £5 notes sell for £460 on eBay

26 September 2016 - Mans sells three new issue UK plastic five pound notes for £460 on eBay. The new notes were put into circulation on September 13th. However the seller, Alan Scrase, went to his bank the following day and they had just received delivery of the new notes, so he hit the jackpot when they gave him three notes with consecutive AA01 serial numbers .

New issues of bank notes, uncirculated and with low serial numbers in the first printing run are attractive to collectors. Extra value comes when there is something unusual about them, as is the case with the first plastic notes to be issued by the Bank of England.

New Polymer Five Pound Banknote - Front

A total of 440 million new £5 notes have been printed. About one million have AA01 serial numbers, but some are not in general circulation. The very lowest serial number notes are handed to the Queen.

The polymer note - which is much more durable than the old fiver - was delivered to banks over the course of a week.

New Polymer Five Pound Banknote - Back - Winston Churchill

The new fiver, which features the image of Sir Winston Churchill, is not the first plastic banknote to be seen in the UK. They have previously been in circulation in Northern Ireland and Scotland.

The Bank of England has already said that the new £10 note, featuring Jane Austen, released next year, and the new £20 note to be issued by 2020 featuring artist JMW Turner, will also be made of plastic.

The polymer notes are expected to last an average of five years - compared to the current note's two years.

There are currently many listings on eBay for the Bank of England issued new polymer five pound banknotes, click here to see what is currently listed.

All we would say is do your research as to what makes them of value to collectors, which is mainly to do with low consecutive serial numbers as well as being in pristine condition.

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