Winston Churchill £5 note: how to tell if yours is valuable

A £5 Winston Churchill banknote with a '007' serial number is the latest to sell for well above its face value. Here's everything you need to know.

A polymer £5 Winston Churchill banknote with the serial number 'AK37 007' has been sold on eBay for £5,000.

The 'James Bond' fiver was described in the listing (pictured below) as being in "excellent condition" with the "faintest creases" and sold on December 10.

A note with the same serial number also sold for £5,000 in October.  

James Bond fiver listing (Image: eBay)

The 'Jane Austen' fivers

While the James Bond fivers are proving popular with collectors, you could make an even bigger profit if you manage to get your hands on a 'Jane Austen' fiver.

Graham Short, a micro engraver from Birmingham, was commissioned to etch a tiny 5mm image of the author onto the new polymer notes.

It appears just next to the images of Sir Winston Churchill and Big Ben.

Classic quotes from Emma, Pride and Prejudice and Mansfield Park have also been engraved on the notes.

Sadly there are only four in circulation, but it's believed they could be worth as much as £50,000 each.

They went into circulation in December 4 and there is no special serial number to keep an eye out for.

Last week it emerged that Short - the micro engraver - had spent one of the notes in a cafe in South Wales. However, the proprieter did not realise the note's value and handed it over in change to a customer.

It's now reportedly in the hands of an elderly art fan, who has asked to remain anonymous but said they would be gifting it to their daughter.

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Other valuable fivers

Even if your aren't fortunate enough to find one of the 'Jane Austen' or 'James Bond' notes, there are a number of other polymer fivers that are worth a fair whack - and are far more common.

Any notes from the initial batch of fivers printed by the Bank of England, which feature a serial number starting AA01, are regularly selling for hundreds of pounds online.

The first-ever note has the serial number AA01 000001 was given to the Queen, but there are 999,998 other new fivers with the AA01 prefix.

Tim Mitchell, a business owner from Llandudno, managed to get 30 new £5 polymer notes when he went to get change at the bank and expects to make at least £1,200 by selling them to collectors on eBay.

On October 3, the Bank of England auctioned a batch of low serial number new £5 notes for charity. One of the notes with the serial number AA01 000017 - the lowest serial number note available to the public - sold for £4,150.

The Bank of England has donated some notes with significant, or low level, serial numbers to people and institutions that were involved in its development or that traditionally get one when a new series is launched.

As mentioned earlier, the Queen was given the first note, while the Churchill War Rooms has been gifted the note AA01 001945.

How to get one

Pay a visit to your bank and take out some cash, visit an ATM to withdraw money or spend larger notes to get change and boost your chances of getting one.

Around 5,200 ATMs dispense £5 notes according to the Bank of England and most have been adapted to handle the new polymer version.

Alternatively, you could pick up one on eBay and hope that it rises in value later on. But as we mentioned earlier, watch out for fake notes.

Other notes that could be worth a fortune

 There's also a chance that the old paper £5 note will be worth more once it is phased out and withdrawn from circulation, so you may want to hold onto the ones you have now.

The old paper £5 notes featuring Elizabeth Fry will eventually be withdrawn from circulation on May 5 2017.

But there are other new notes due to be released that could also be valuable if you get one of the first batch.

More polymer notes on the way

From summer 2017, there will be a new £10 featuring novelist Jane Austen and from 2020 there will be a new £20 note carrying the image of artist JMW Turner.

Like the new Churchill fiver, the new notes will also be printed on polymer.

There are currently no plans to replace the £50 note that feature steam engine pioneers Matthew Boulton and James Watt.

Make the most of your money: compare high interest current accounts

More about the money in your wallet:

How to spot a fake banknote

Kew Gardens Royal Mint 50p coin: how much is it worth now?

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