Here’s how to tell if your plastic fiver is worth thousands

Published by The Yahoo Finance

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Facebook’s marketplace is filled with fivers on sale for four or five times their face value, and eBay is filled with notes being auctioned for up to £249,000.

…Doron Cohen, CEO of business payments service Covercy, said, ‘“People love collecting what they believe will be historic items and it is effect a bet on what will gain huge monetary value as the years go by.

‘However, a key consideration is when the time is right to actually sell something, for example the first ever $1 coin from 1794 was sold in 2013 for $10 million, yet I doubt those who got their hands on the new fiver will wait as long to sell their prized notes.’

But could you be sitting on a fortune in your back pocket? Here’s how to tell – and how to avoid paying out extra for a five pound note that is only worth a mere five pounds.

AA01 notes are definitely worth money

If you’ve got a five pound note from the first batch – with a serial code beginning AA01 – it’s definitely worth far more than five pounds, so don’t spend it in Sainsbury’s.

AA01 notes often change hands for up to 40 times their face value on eBay – and are sometimes listed for even more

Currency collector site Change Checker says, ‘There are 999,999 new fivers with the AA01 prefix. 440million of the notes have been printed.’…