- The new King Charles banknotes entered circulation for the first time yesterday
- Some of the notes are now selling for up to £150 on eBay.
Opportunists are already listing new banknotes with the portrait of King Charles III on Ebay for up to £150.
The notes entered circulation yesterday and could prove popular with collectors, who hope to get their hands on examples with low serial numbers while they are still in good condition.
The first batch of presses will have serial numbers starting with CA01 for £5 notes, HB01 for £10 notes, EH01 for £20 notes and AJ01 for £50 notes, followed by a six-digit number, according to revealed This is Money exclusively yesterday. .
The first banknotes are CA01 000001, HB01 000001, EH01 000001 and AJ01 000001, which were donated to the King.
A complete set of the new King Charles notes, with a face value of £85, sells for £150 on eBay
On eBay, this is found money a £50 note with serial number AJ02 468341 Listed for £130.
While this £20 note with serial number EH07 419275 It’s listed for £50. Meanwhile this £10 note, serial number HB23 692295It’s listed for £39.
A £5 note with serial number CA03 357672 is listed for £25. While a complete set of uncirculated notes sells for £150.
Sellers on Ebay can list items for any price they choose and hope to attract buyers, even though the serial numbers are not meaningful.
And while these are asking prices that may not be met, a £10 note has already sold on eBay for £24 and, at the time of writing, a £50 note has already attracted bids of up to £ 89.
When it comes to how much the notes could sell for, the lower the serial number, the more collectible they are, say experts at auction house Spink & Son.
Collectors and the general public will also be able to get their hands on the new banknotes at a charity auction organized by Spink & Son on behalf of the Bank of England.
A selection of banknotes with low serial numbers will be auctioned during June and July.
The first auction will see £5 notes with low serial numbers auctioned on June 13.
Although the lowest serial number has not yet been revealed, auctioneers Spink & Son told This is Money that it will be an unprecedented low serial number, incomparable to anything they have previously offered in more than 20 years of hosting charity auctions in name of the Bank of England. .
Arnas Savickas, head of banknotes at Spink & Son, told us: “Depending on the serial number of the banknote, it is reasonable to assume that the lowest serial number of £5 could cost between £250 and £500, while £10 and £20 notes could cost £500 and £1000 respectively So £50 could cost several thousand pounds.’
The auction will take place on June 13 for a lot of 122 £5 notes, followed by an auction of £10 notes on June 27.
The £20 and £50 note auctions will take place on July 11 and July 25 respectively.