How much is your new £10 note worth?
As the new £10 bank note is put into circulation, rumour has it that some notes could be worth thousands of pounds. However, how easy is it to spot a valuable tenner and how do you know if your new £10 note is worth holding on to?
What features does the new £10 note have?
Featuring Jane Austen, the new £10 is the second polymer note to be introduced, with the £5 introduced in 2016 and the £20 note on its way in 2020. Austen is now the only woman (apart from the Queen) to appear on an English bank note which celebrates her literary works and historical significance. Previous historical figures to appear on British bank notes include naturalist Charles Darwin and Elizabeth Fry.
- Security features:
- A see-through window featuring the Queen’s portrait
- A quill which changes from purple to orange
- A hologram with the word ‘Ten’ and changes to ‘Pounds’ when the note is tilted
- A hologram of the coronation crown which appears 3D and multi-coloured when the note is tilted
- A book-shaped copper foil patch which contains the letter JA
- The words ‘Bank of England’ printed in raised ink along the top of the note
- There are also a series of raised dots in the top left-hand corner, developed in conjunction with the RNIB, to help visually impaired people identify the note
(Image: Bank of England)
What should you look out for?
Each note is printed with a serial number in the corner. The first part of the serial number is a combination of letters and numbers, and the second is a six-digit number. For example – AA10 471840.
Collectors should be on the hunt for notes with very low serial numbers. You certainly won’t be able to get your hands on the very first note (AA01 000001) as this is given to the Queen. The second note printed is given to Prince Philip, the third to Theresa May and the fourth to the Chancellor.
It’s not only these early printed notes which will be valuable – any significant number related to Jane Austen’s life will be worth more too. The date of her birth, 16/12/1775, and death, 18/07/1817, are set to be highly sought after as will 28/01/1813, which is the date Pride and Prejudice was first published.
In time, notes with the serial number beginning JA will be popular being the initials of the author but it may be years before this prefix rolls off the printing press. Other notable combinations include single numbers (222222) or ascending orders (123456) and even printing errors are highly collectable.
Last year, there were four very special £5 notes printed with a portrait of Jane Austen by the micro-artist Graham Short which were valued at £50,000 each. It’s still unknown whether Mr Short has done the same for the £10 but it is well worth keeping an eye out.
How much could they be worth?
When the new £5 note was introduced last year, low serial numbers were sold for thousands of pounds and the same in expected of the £10 note. The lowest serial number available to the public was AA01 000017 which was sold at auction for £4,105.
The Bank of England will be holding a charity auction for some of the special notes with the guide price for AA01 000010 at £2,000 – £3,000. If you’re lucky enough to come across an early printed note, it is reported that the first million £10 notes with the serial number AA01 could still be worth as much as £50.
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