One of the new polymer £5 banknotes featuring Winston Churchill recently sold for a whopping £4,150 at a Bank of England charity auction on Monday 3rd October.
The banknote was only expected to fetch £800-£1200 at the charity event but it actually went for 830 times its face value!
Just last month we reported that banknotes with the serial number beginning with AA01 were selling online for hundreds of pounds. The banknotes which were released into circulation on September 13th are still catching the public’s attention with collectors looking to keep hold of the notes while they are still in good condition.
The first batch of banknotes from the presses carry a serial number starting AA01, followed by a six-digit number. There are 999,999 new fivers with the AA01 prefix and these are the ones selling for vast sums.
The £5 note was lot one at the event held in London and carried the serial number AA01 000017, making it the lowest available to the public according to auctioneers Spink.
A lot of bids came through online and it is thought that a lot of interest in these banknotes came from across the pond because Churchill was a well-known face over in the US.
The Bank of England Charity event raised a total of £203,820 with the money going to three worthy charities which were chosen by staff at the Bank of England.
A total of 601 banknotes were up for sale at the event and every banknote sold well over its estimate sale price.