If you are interested in collecting banknotes, you should approach a specialist banknote collector or dealer for advice. Notes with a low serial number, which typically start with the code AA01, show that they were some of the first to be made which makes them valuable. However, its value remains intact - in fact, it “entitles the bearer to the sum of five pounds” forever, says the Bank of England - and can be exchanged for a new polymer note. The serial number is the six numbers that follow the cypher (eg 123456) and relates to the number of the sheet the note is printed on. 1976 Irish Twenty Pound Banknotes Pair In Sequence Consecutive Old Ireland £20 . $3.00 shipping. All bank notes issued by the Bank of England retain their face value forever. or Best Offer. One of them was donated to the Jane Austen museum but the others then spent the notes in local stores and cafes around the UK, before letting the public know what he'd done. But beware if you're selling a similar one on eBay. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. For example, in April 2020 an auction of newly released £20 notes raised £143,420. ... All I know about old pound notes, is that my Nephew recently bid £1,000 for an old one pound note, on ebay. A James Bond serial number is always a hit among collectors. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies. No banknote has the same serial code which is why they can be worth a lot to a collector if you've got an interesting one. That’s a lot of cash to be sitting on, and even if you just have a couple of old fivers gathering dust, you might as well make them earn their keep. Every now and again, one that's in perfect condition might make an extra seven or eight quid at most. Australian paper banknotes can be very valuable but how do you know what your old note is worth? 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Hollom (4) 1963 portrait issues B297 series A04 849451 Fine, C42 147090 EF … A brief monetary history: Pound = 20 Shillings = 240 Pence, till 1971 For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Comments are subject to our community guidelines, which can be viewed, The banknotes in your purse could be worth more than face value if it's got an interesting serial number, £5 notes with an interesting serial number are often worth more to collectors, Having AK47 in the serial code make it more valuable because that's the code name a popular gun, A polymer £5 note with the serial code AA01 sold for £43 on eBay, The notes with 007 serial numbers tend to sell for almost three times face value, Micro-artist Graham Short engraved tiny 5mm portraits of Jane Austen on five bank notes, buyer to not cough up the cash and take the mick, were replaced by the Jane Austen polymer ones back in 2017, engraved a tiny portrait of author Jane Austen, Independent Press Standards Organisation (IPSO). EUR 499.99. The database will convert the old money to its new value in euros. The Right Note Rare Australian banknotes and coins. Irish Punts (Pounds) are no longer used for payments in Ireland. The Bank of England issued British Pound banknotes in 7 different denominations, including this Bank of England 5 Pounds Sterling banknote (Duke of Wellington). The polymer £5 note with serial number AA01 001945, presented by the Bank of England to the Churchill War Rooms. There are just two warnings when it comes to looking for errors. Your banknote may only be worth a pound, or may be worth more than a thousand pounds . Under this system, there were 12 pence in a shilling and 20 shillings, or 240 pence, in a pound. Back in 2016, the Bank of England launched the new polymer £5 note, which featured the face of former-British Prime Minister Winston Churchill. It might be because it's uncirculated, or that it was printed in the year 2000, or that the serial code starts with AA01 making it one of the first to be printed in the new millennium. These coins functioned on the Lsd (pre-decimal) currency system, of pounds, shillings, and pence. HOW TO SELL A NOTE … Fetch around £28 for a James Bond serial number Pound notes, based also on the ''! Came into circulation today sell for £6 d also like to use some non-essential cookies including... From 1368 to date online after a bidding War from four potential buyers six eights recently sold was... For over £60,000 in 2017 front of you issue T16 Ireland in title & in. With the code, represents the note is worth is to E Mail pam @ britishnotes.co.uk a! Nostalgic, Vintage currency been released into circulation from all the mailing lists worth little... Every now and again, one Pound notes in ten shillings, and information services has! 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