Some new £10 notes ARE worth thousands and one has just sold for £3,600 on eBay – here’s how to spot if you have one too
A new plastic £10 note featuring the portrait of Jane Austen has sold for THOUSANDS of pounds on eBay.
The new tenner which has the serial number AH17 75 - the year of the author's birth - sold for £3,600 on the auction website.
We only searched for notes which were listed as sold but often bidders fail to cough up the money.
That's because eBay has no power to make buyers pay.
The Sun Online has contacted the seller to see if the cash has been handed over for the note.
If it has gone through then the sale shows that there could be many more notes in circulation which could be worth much more than a tenner.
So far the new note has failed to attract as much interest as the plastic fiver did last year.
When the new £5 note launched last September, serial numbers became the talk of the nation.
Those starting with AA - the lowest serial number - are thought to be the most valuable.
Collectors hoping to make a fast buck queued at the Bank of England overnight to be first in line to pick up a note.
But many were disappointed when they were only able to get hold of notes with the serial number starting AH.
What other notes could be valuable?
THERE are millions of combinations of notes that could crop up, but ones with these numbers may be the most valuable.
- The serial numbers 16 121775 and 18 071817 as they represent the author’s date of birth and death.
- The serial number 17 751817 as it’s her birth and death combined.
- The 28 011813 as it’s the date when her most celebrated novel, Pride and Prejudice, was first published.
- While the serial numbers JA01 and JA75 (Jane Austen’s birth year) and JA17 (the year of Jane Austen’s death) may be popular too, it could take many years before the notes enter circulation.
- Those with the serial number AK47 and James Bond 007 notes may be popular too.
- Notes with consecutive numbers, eg, AA12345.
When the Bank of England issues a new note it donates those with a significant or low serial number to the people and institutions that were involved in the development of the note.
For example, the first note AA01 000001 is given to the Queen.
While the second is usually given to Prince Philip and third to the current Prime Minister, while the fourth goes to the Chancellor of the Exchequer.
The Bank of England also keeps back some notes to auction off for charity, with the event for the new tenner taking place next month.
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The old paper £10 note is expected to be withdrawn from circulation in Spring next year.
The exact date will be announced at least three months in advance.
A new £20 note featuring artist JMW Turner will follow in 2020.
HOW TO SELL A NOTE ON EBAY
IF YOU think you've found a valuable tenner, here's what to do.
You can either sell the note at auction or on eBay. Try speaking to a note specialist, like Spink & Son about getting it valued.
If you want to sell it on eBay, then remember to sell a minimum price for the note - otherwise it could sell for LESS than a tenner.
Even if your coin “sells” on eBay for a high price there’s no guarantee that the buyer will cough up.
In its terms and conditions, the auction website states that bidders enter a “legally binding contract to purchase an item”, but there’s no way to enforce this rule in reality.
The most eBay can do is add a note to their account about the unpaid item or remove their ability to bid and buy.
This is because in order to sign up to the website users do not need to put in valid bank or PayPal details before making a bid.
If a bidder refuses to pay, then the only option for sellers is to give “second chance offers” to other bidders or relist the item.
For items of a high value eBay recommends that sellers put a limit on their listing to approve bidders.
It means bidders must email you before placing a bid but NOT that they must pay out the cash if they win.
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