New £5 notes are selling for up to £200 on eBay
New £5 notes which carry the portrait of former Prime Minister Winston Churchill are selling on eBay for as much as £200, the Daily Mail reports.
The notes, which were released last week, are proving popular with collectors looking on the online marketplace for ones with low serial numbers while they are still in good condition.
The first batch from the presses will carry a serial number starting AA01, followed by a six-digit number. The first note is AA01 000001.
On eBay, This is Money found this £5 note with serial number AA01 179517 had sold for £196 after 24 bids.
Others, including this one with serial number AA01 176763 are currently being bid on – and with a day left, will sell for more than £100.
And on a number of auction websites, This is Money found pleas from owners looking for £5 notes starting with the AA01 serial number.
The notes are the first to be made by the Bank of England out of polymer, a thin flexible plastic film which the Bank says is cleaner, stronger and more secure.
It will print 440million of the notes, which can last around five years longer than paper note, which will be phased out.
They feature prison reformer Elizabeth Fry and can be used in shops until it is withdrawn from circulation in May 2017.
The firms tasked with distributing the new Churchill fivers say they haven't finished yet.
According to G4S Cash Solutions, one of the distributors, it could take until the end of next week before all the cash machines that dispense fivers are stocked with new notes.
On 3 October, the Bank of England will also be auctioning off a batch of low serial number £5 notes for charity.
The lowest, with serial number AA01 000017, has an estimate of between £800 and £1,200. If it sells for the latter, it will mean the £5 note will fetch 24,000 per cent more than its face value.
Auctioneers Spink says this is almost certainly the lowest number Bank of England polymer £5 available to the public.
A sheet of 60 notes with serial numbers starting AM01-AM60 have an estimate at the auction of between £3,000 and £4,000.
The new £5 note paves the way for a new generation of security features, making the note harder to counterfeit, the Bank of England claims.
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