New £5 note sells for a whopping £4,150 at Bank of England auction

A NEW plastic £5 note featuring Winston Churchill sold for £4,150 at a Bank of England charity auction today.

The note has the serial number AA01000017 - the lowest available to the public according to auctioneer Spink.

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The special lot - the first to be auctioned at the event - reached £2,590 more than the auctioneer's estimate of £1,200.

New £5 notes were released in mid-September.

Those with serial numbers starting AA01 immediately become collectors' items selling for hundreds of pounds on online marketplace eBay.

There are 999,999 new fivers with the AA01 prefix.

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The first note, AA01 000001, was donated to the Queen.

The Churchill War Rooms was donated the note bearing serial number AA01 001945 - the year the Second World War officially ended.

Note AA01000017 was one of 232 lots up for grabs at today's charity auction - held in aid of The Myotubular Trust, The Lily Foundation and Bliss.

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The second lot had serial number AA01 000018 and sold for £2,400,  £1,700 above the estimate.

Lot three, a £5 note with serial number AA01 000019, sold for £2,000.

The charities to benefit from the auction were selected by Bank of England staff.

The new plastic £5 notes are expected to last more than twice as long as their paper predecessors.

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