Posts Tagged ‘2016’
Why your AK47 £5 note isn’t worth £80,000 and other myths about the polymer banknote
Time and again we hear from people with various serial numbers asking how much their £5 notes are worth, so we thought we would address some of the myths about the £5 polymer banknote.
The rare £5 note with serial number AK47 that ‘sold’ for over £80,000 on eBay!
Notes with the serial number AK47 have been particularly popular thanks to the machine gun connotations. Back in 2016, news emerged that a £5 banknote with the prefix Ak47 had fetched a winning bid of £80,100 on the online market place eBay. The seller must have been overjoyed with the jackpot amount but it turned out the buyer had no intention of paying up.
As much as we love the design of the new fiver, there is no way we would pay anywhere near £80,000 for it, no matter what serial number it had.
Or the fivers with a James Bond theme?
Described as an “AK37 007 James Bond Bank of England Polymer £5 note” in a lovely condition, this banknote sold for £5,000.
Although there must be plenty of James Bond fanatics out there, we can think of so many other items of James Bond memorabilia that fans could spend £5,000 on! And realistically, if you had the choice, which would you prefer to spend £5K on?
What about the AA01 banknotes?
When they were first released, the new polymer banknotes created a collecting storm. In fact I’m almost certain that every single person in the country checked their new note at some point to see if they were lucky enough to find one with the prefix AA01.
Although a banknote with the prefix AA01 might be worth slightly over face value to someone who is genuinely interested, we must remember that 1 million AA01 banknotes were printed. So as much as I wish it could be true, reality check – don’t expect a big payout if you do find one.
And the upside down fiver?
There were countless stories and accounts of plastic banknotes fetching eye-watering sums of money after the launch, but one eBay seller took things a step further when he listed his ‘upside down’ banknote.
Although the seller stated in the description that the listing was a joke, he still received lots of serious questions about the note.
However…
Do look out for these £5 notes worth more than £20,000 in circulation! If you come across a fiver with a micro-engraved portrait of either Jane Austen or Harry Kane, whatever you do, do NOT spend it.
Micro-engraver Graham Short has created special £5 notes, engraved with tiny portraits. The first set features author Jane Austen and more recently notes featuring Harry Kane have been put into circulation and could be worth more than £20,000. In fact, Graham Short’s work has an insurance valuation of £50,000 so these £5 notes will give you an extra £49,995 of value if you find one…
Serious Collectors: What to look for…
Collecting banknotes is a serious hobby that many thousands of people all over the world enjoy.
There are many ways of assembling collections of banknotes, for example banknotes that feature famous people (scientists, writers or politicians) or banknotes with historical context such as those from a certain era.
Generally collecting banknotes is not about the serial number it possesses, instead the chief cashier is of most interest, particularly on UK banknotes. This is where real rarities can be found – in the form of Chief Cashier signatures.
Banknote designs rarely change but on average cashiers change every 5 or 6 years with some in the position for as little as 3 years.
These £5 polymer banknotes will always be considered the ‘first’ polymer banknotes regardless of what serial number they hold and importantly uncirculated notes or those in good condition will also always be more sought after.
So if you are genuinely interested in collecting banknotes, the chief cashier is what you should really be looking for.
If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:
– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers
Sign up today at: www.changechecker.org/app
Coin of the Year – the results!
The results are in and I can now reveal your top 3 coin designs of 2016!
3rd place – The Last ‘Round’ Pound Coin
2nd Place – The Peter Rabbit 50p
And the winner….
1st Place – The Great Fire of London £2 Coin
Thanks for all your votes! The Great Fire of London £2 was designed by Royal Mint engraver Aaron West and really captures the devastating moments that changed London forever.
Now it’s time to look forward to the new issues for 2017. We can’t wait to see what’s in store for Change Checkers!
What’s your coin of the year?
I’m sure you’ll agree that 2016 has been a great year for coin collectors with so many significant anniversaries being commemorated and some fantastic designs.
So which coin do you think deserves to be the ‘2016 Coin of the Year’ winner?
Cast your vote now using the poll at the bottom of the page.
A) The Queen’s 90th Birthday £5
B) The Great Fire of London £2
C) The WW1 Army £2
D) The Shakespeare Tragedies £2
E) The Shakespeare Comedies £2
F) The Shakespeare Histories £2
G) The Last ‘Round’ £1
H) The Beatrix Potter 50p
I) The Peter Rabbit 50p
J) The Jemima Puddle-Duck 50p
K) The Mrs Tiggy-Winkle 50p
L) The Squirrel Nutkin 50p
M) The Battle of Hastings 50p
N) The Team GB 50p
Cast your vote now!