Published by The Yahoo Finance
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.’…