Rare £5 King Charles bank note in wallet could be worth fortune, says expert | Personal Finance | Finance

Rare coins often pique the interest of experts, with low mintage and misprints among the factors that can make them worth a small fortune.

However, one money expert has highlighted a banknote that could be worth far more than you might think. The King Charles III £5 notes, which entered circulation on June 5, 2024, have caught the attention of money expert Dan’s Dollars.

In a TikTok video, Dan explained that the value lies in the reverse of the notes, which features former British Prime Minister Winston Churchill. “Keep checking for rare serial numbers primarily beginning with CA01,” he advised.

He added that some of these serial numbers are fetching over £17,000 at auction. Currently, several CA01 £5 notes are listed on eBay for three-figure sums, while another has a Buy It Now price of £10,000.

Dan concluded by asking viewers to send him their notes’ serial numbers so he can provide a specific value estimate. Responding to a follower’s question about why these notes are rare, he said: “People hunt for CA01s – the first of the note released.”

One excited follower exclaimed: “I’ve got one!” while another regretfully commented: “I’ve had few Charles ones like this but didn’t realise they were worth keeping.”

However, a sceptic chimed in: “Nobody actually buys them though. I have loads been collecting for a while buy nothing ever sells online.” This prompted Dan to retort: “I can assure you they do, check sold on eBay. Happy hunting.”

Another was quick to comment: “Don’t think anyone’s spending £17,000 for a £5.” To which Dan highlighted: “CA01 000002 would sell for that if the King spent it. Three sold for £14,000 at auction.”

Meanwhile, another critic exclaimed: “Anybody who pays more than face value for a note must be mad.” Dan wittily replied: “People like to collect rare notes and coins. I think people who buy Doritos when they aren’t on offer are mad!”

Dan also suggested that Brits should keep an eye out for uncommon £10 and £20 notes, particularly those with serial numbers starting with HP01 and EH01, as these are the most sought-after and were the first to be printed.

Additionally, for those holding a £50 note featuring King Charles III, it’s worth checking if the serial number starts with AJ01.