Revealed: How to tell if your new £10 note is worth thousands of pounds

The new £10 note has entered circulation
Jeremy Selwyn
Chloe Chaplain28 September 2017

This month the new polymer £10 banknote featuring the author Jane Austen was released into circulation in the UK.

Immediately, collectors and eagle-eyed members of the public were hunting for notes considered to be rare or valuable.

One sold for more than £3500 because its serial number - AH17 75 - contained the year of Jane Austen’s birthday.

And, although they haven’t proved as popular as the new £5 notes released in 2016, some could be valuable collectors' items.

Here is what to look out for if you want to make some money from your new note:

New £10 Note - In pictures

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Any of the early edition notes are expected to be valuable.

You can tell a note is an early edition one because the serial number begins with AA.

There are millions of variations of AA serial numbers so the chance of you getting your hands on them is not totally remote.

But the first few notes will never enter circulation.

The new £10 note contains traces of animal fat.
PA

This is because the first one - AA01 000001 - is traditionally given to the Queen.

Subsequent notes are then given to Prince Philip, the Prime Minister and the Chancellor of the Exchequer.

According to ChangeChecker, people who want to make thousands from their new notes should look out for any serial numbers depicting the author’s date of birth or death – for example 16 121775 and 18 071817.

Or notes where the dates of her birth and death are combined such as 17 751817.

New £10 note: All you need to know

Other ones that could become collectors’ items are notes with the publication dates of Austen’s famous novels – for example 28 011813, the date Pride and Prejudice was published.

And, of course, serial numbers beginning with the author’s initials – JA – will be sought after although it could take years for them to enter circulation.

If you think you have a rare £10 note, you can sell it at auction or on eBay – but online sellers beware that the company cannot force buyers to pay up.

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