New £20 notes selling for hundreds on eBay – are they worth large sum?

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Royal Mint released a new £20 note today. It is the first polymer £20 note and it features a portrait of artist JMW Turner. The note has new and improved security features, making it harder to forge. The image of the artist on the note has been taken from his 1799 self portrait, which can be seen now at the Tate Briton.

The highest value listing of the new note on eBay has been listed for almost £200, at £199.97, a buy it now price.

The lister, 2012bargainz4u, is selling five of the new notes with an “AB prefix”.

They wrote on the ad: “This listing is for 5 consecutive AB Prefix serial numbers.”

Some Britons are keen to buy notes with high prefix serial numbers, the earlier notes printed.

A similar listing is offering three of the notes with an AB prefix for £109.97.

Just of of the notes, without an AB serial number, is currently selling for £31.95.

So, can notes really be valuable and should Britons invest in notes with certain serial numbers?

READ MORE: New £20 note: How JMW Turner had life-long addiction

New £20 notes selling for hundreds on eBay – are they worth large sum?

New £20 note: Are notes worth large sums? Selling on eBay for hundreds (Image: GETTY/BANK OF ENGLAND/PA)

New £20 notes selling for hundreds on eBay – are they worth large sum?

New £20 note: First polymer £20 note features a portrait of artist JMW Turner (Image: EBAY/2012BARGAINZ4U)

Back in May 2017 a £5 banknote sold for £16,800.

The note was not a new note, it was a 1971 edition note with the serial number A01 000004. When it was printed it was given to the Chancellor at the time Anthony Barber.

Richard Beale, a valuer at specialist auction house Warwick & Warwick, told Which? “many collectors prize the first notes in a series, although other types of note are also popular.”

Types of notes that can be valuable include those with the prefixes AA.

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New £20 note: Are notes worth large sums? Selling on eBay for hundreds

The serial number is the next thing to look at to indicate value. The lowest numbers are most valuable. In fact, the Queen and Prince Phillip are given 000001 and 000002 respectively.

Those with a serial number under 200 could be valuable, and a serial number below 30 is extremely rare.

It is important to remember that, as will all collectors items, they are only worth what some is prepared to pay for them.

There for it is important not to pay large sums of money on a whim for these items.

If in doubt, contact an expert in collectors items for advice.

New £20 notes selling for hundreds on eBay – are they worth large sum?

New £20 note: The note has new and improved security features (Image: BANK OF ENGLAND/PA)

How many new £20 notes are there?

The note can be picked up from today and shoppers in England and Wales could get their hands on one of the first.

They will now be issued in cash machines, post offices and banks in England and Wales.

A second batch of the notes will be released in two weeks’ time, according to Bank of England. In total there will be two billion notes.

How long can you use old notes for?

The Bank of England explained it will give six months notice of the old £20 notes being withdrawn while the notes are still legal currency.

Mark Carney, Bank of England Governor, said: “Our banknotes celebrate the UK’s heritage, salute its culture, and testify to the achievements of its most notable individuals.

“Turner’s contribution to art extends well beyond his favourite stretch of shoreline.

“Turner’s painting was transformative, his influence spanned lifetimes, and his legacy endures today.

“The new £20 note celebrates Turner, his art and his legacy in all their radiant, colourful, evocative glory.”

Which are the rarest £1, £2, 50p, 20p, 10p and 2p coins?

Rarest £2 coins

The rarest £2 coin is the 2002 Commonwealth Games NI coin with 485,500 in circulation. This is followed by the 2002 Commonwealth Games Wales which has 588,500 in circulation.

Next up is the 2015 Navy, and there are 650,000 in circulation.

Rarest £1 coins

The most rare £1 coins are all part of a series celebrating the British capitals.

The rarest of these is the 2011 Edinburgh coin, with 935,000 in circulation. Of the 2011 Cardiff coins there are 1,615,000 in circulation, while the 2010 London coin has 2,635,000 in circulation.

Rarest 50p coin

The rarest 50p coin is the Kew Gardens coin, which is also the rarest coin in circulation. It there were only 210,000 minted.

The football Olympic 50p coin has 1,125,500 in circulation, and the wrestling coin has 1,129,500 in circulation.

It is not so easy to evaluate the rarest 20p coins, 10p coins and even 2p coins as exact circulation figures are not known.

However, various versions of the coins are known to sell for large sums.

These include the dateless 20ps, which are actually part of a run from 2008. There may be between 50,000 and 200,000 of these coins in circulation.

The 1983 ‘New Pence’ 2p coin can also sell for a huge sum, up to £650.

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