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New £5 note to sell for more than £80,000 | New £5 note to sell for more than £80,000 |
(35 minutes later) | |
A new £5 polymer note could be sold for more than a 16,000 times its face value on eBay. | A new £5 polymer note could be sold for more than a 16,000 times its face value on eBay. |
An astonishing bidding war on Gareth Wright’s note has seen its value reach more than £80,000 on the auction site. This is just because it has AK47 on the serial number sought by collectors. | An astonishing bidding war on Gareth Wright’s note has seen its value reach more than £80,000 on the auction site. This is just because it has AK47 on the serial number sought by collectors. |
The bidding war now stands at £80,100 with 11 hours left to purchase the banknote. | The bidding war now stands at £80,100 with 11 hours left to purchase the banknote. |
So far more than 100 people have already bid on the item. | So far more than 100 people have already bid on the item. |
According to eBay rules, a potential buyer “must pay” for any item he commits to buying. | According to eBay rules, a potential buyer “must pay” for any item he commits to buying. |
However, Wright, from Twinckenham, is concerned that many of the excessive bids are not genuine. | However, Wright, from Twinckenham, is concerned that many of the excessive bids are not genuine. |
He told The Independent: "I do think most of these bids are fake but you never know! I can only hope for the best and that somone does want to buy it." | |
"If I do get the money I will probably look into buying my mother's house for her and then travel to South America." | |
A spokesperson for eBay said: “When you bid on eBay you enter a binding contract.” | A spokesperson for eBay said: “When you bid on eBay you enter a binding contract.” |
"Where we believe there is unhelpful bidding activity we will take an active role in monitoring the sale for the seller." | "Where we believe there is unhelpful bidding activity we will take an active role in monitoring the sale for the seller." |
Since they were released in September, the new plastic £5 notes featuring Sir Winston Churchill, have become collectors’ items with people selling them for up to £800 on eBay. | Since they were released in September, the new plastic £5 notes featuring Sir Winston Churchill, have become collectors’ items with people selling them for up to £800 on eBay. |
Collectors are looking for notes with a serial number starting AA01 and ideally followed by a low six-digital serial numbers. | Collectors are looking for notes with a serial number starting AA01 and ideally followed by a low six-digital serial numbers. |
There are 440 million new fivers printed but not all of them have made it into circulation yet, so it’s possible that lower-numbered notes may still appear in cash machines. | There are 440 million new fivers printed but not all of them have made it into circulation yet, so it’s possible that lower-numbered notes may still appear in cash machines. |
The Queen was presented with the first note leaving a further 999,998 fivers bearing the AA01 prefix. | The Queen was presented with the first note leaving a further 999,998 fivers bearing the AA01 prefix. |
The new notes fit in cash machines like paper ones, but are considerably more durable, cleaner and harder to counterfeit. | The new notes fit in cash machines like paper ones, but are considerably more durable, cleaner and harder to counterfeit. |
Each note is expected to last about five years – two and a half times longer than their paper counterparts – because of the durability of the polymer material. | Each note is expected to last about five years – two and a half times longer than their paper counterparts – because of the durability of the polymer material. |
In April, the Bank of England unveiled the design of a new £20 featuring the artist JMW Turner and his painting “The Fighting Temeraire” that will enter into circulation in 2020. | In April, the Bank of England unveiled the design of a new £20 featuring the artist JMW Turner and his painting “The Fighting Temeraire” that will enter into circulation in 2020. |
The old fiver, featuring prison reformer Elizabeth Fry, can still be used in shops until it is withdrawn from circulation in May 2017. | The old fiver, featuring prison reformer Elizabeth Fry, can still be used in shops until it is withdrawn from circulation in May 2017. |
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