Posts Tagged ‘£10 note’
Could your King Charles III Banknote be worth £17,000?
Whenever new banknotes are issued, it causes quite a stir in the collecting community, with serious collectors rushing to secure the notes with the lowest serial numbers.
The Bank of England generally hold back some of the notes with the earliest serial numbers, donating them to the monarch, people or institutions that were involved in the development of the note, but others can fetch hefty sums at auction!
Notes under the hammer
Spink & Sons recently held four auctions for each denomination of the new King Charles III banknotes to raise funds for charity, and a whopping £914,127 was raised overall!
The proceeds from the auctions will be shared between 10 charities that have been chosen by the Bank of England:
- Childhood Trust
- The Trussell Trust
- Shout
- Carers UK
- Demelza
- WWF-UK
- The Brain Tumour Charity
- London’s Air Ambulance Charity
- Child Bereavement UK
- The Samaritans
At the auction for the King Charles III £10 banknotes, a single £10 note with the serial number HB01 000002 sold for an astonishing £17,000!
The £50 banknote auction even broke the record for the highest lot sold in a Bank of England banknote auction. A sheet of 40 £50 banknotes sold for £26,000 – 13 times their face value!
Which serial numbers should you be looking out for?
Whilst the very first banknotes aren’t released into general circulation, there are other serial numbers that are also considered collectable.
JMW Turner £20 Notes
As the polymer £20 note featured JMW Turner on the reverse, some serial numbers matching key dates relating to the painter became highly collectible. For example, 23 041775 represents Turner’s date of birth, whilst 19 121851 relates to his death and 17 751851 would be his birth and death combined.
Image Credit: Bank of England
True Turner fans might also look for 18 381839 representing the date he painted ‘The Fighting Temeraire’ (which featured on the new £20 note) and the date the painting was exhibited at the Royal Academy respectively.
Alan Turing £50 Notes
The £50 note features famous scientist and mathematician, Alan Turing, and similarly to the £20 note, certain serial numbers matching key dates relating to Alan Turing became collectable.
Image Credit: Bank of England
Serial numbers such as 23 061912 (which represents Turing’s date of birth), 07 061954 (which relates to his death) and 09 071941 (which represents the date that the enigma code was cracked by Turing and his team at Bletchley Park during WW2) are all ones to look out for. .
Others include AK47, due to the machine gun connotations, and 007 which could be desirable to James Bond fans.
The hunt is on!
With this news that King Charles III banknotes have recently sold for much more than face value, the hunt is on to find others with interesting or collectable serial numbers.
If you’ve come across any King Charles III banknotes, let us know in the comments where you found it and whether it’s got an interesting or rare serial number!
Safely store your banknote collection
If you do have any King Charles III banknotes in your collection that you don’t fancy parting with, you can securely store them in the Change Checker Complete Polymer Banknote Collecting Pack, which now includes spaces for King Charles III banknotes!
A history of the £10 note…
The withdrawal date for the current paper £10 note is in less than one week’s time on Thursday 1st March.
The paper ‘Series E’ note has been in circulation, in some form, for the past 26 years. So, I thought it would be interesting to take a look back at the history of the £10 note and our journey begins 259 years ago in 1759…
In a recent poll conducted on our Facebook page, 40% of you said that you still have paper £10 notes. Although you can still exchange them at the Bank of England after the cut-off date, I would suggest exchanging them before the withdrawal date.
Some retailers, banks and building societies may still accept these notes; however this is at their discretion. To save yourself any potential hassle, once you’ve added one to your collection, go and spend or swap your notes at the bank.
The Change Checker Banknote Collecting Pack
The brand new Official Change Checker Banknote Collecting Pack is the perfect way for any change checker to start collecting banknotes or display an already growing collection.
To help get you started, this pack includes an original £1 banknote, issued more than 35 years ago, in mint uncirculated condition… absolutely FREE.
Don’t miss out on this brand new Banknote collecting pack, start your collection today >>
A new Polymer Jane Austen £10 note has sold for £3,600!
On the day the new Polymer £10 note was released, we published a blog detailing which of the new Polymer Jane Austen £10 notes you should all be looking out for.
We predicted that notes which feature key Jane Austen dates, such as the year of her birth and death, will prove to be very popular with collectors…and it seems that we were right!
A Polymer £10 note with serial number AH17 75 (the year of Jane Austen’s birth) has sold on eBay for a whopping £3,600 – 360 times face value!
A Polymer Jane Austen has sold for £3,600
As expected, notes whose serial number starts with AA (the first off the press) are also proving very popular; AA01 notes have sold for between £40-£70 on the auction site.
AK47 notes are also catching the eye of collectors with these selling for between £20 – £40.
Bank of England Charity Auction
On the 6th October, Spink and Son auctioneers will be selling some of the very lowest serial numbered Polymer £10 notes on behalf of the Bank of England. All money raised from the sale will be donated to three charities: Candleighters, Haven House Children’s Hospice and Macmillan Cancer Support.
In total they are 137 lots with the lowest serial numbered note AA01 000010 estimated to fetch between £2,000 – £3,000. The highest serial number in the auction is AA01 002016 which is expected to be sold for between £200 – £300.
The lowest serial numbered note is expected to be sold for between £2,000 – £3,000
There is also a sheet of 54 £10 notes available to bid on and this could reach between £4,500 -£6,500!