Breaking News: This King Charles £5 note could be worth £4,000 – exactly what to look for…..Read More

These notes were released almost a year ago and are highly sought after by collectors.

Brits have been urged to check their wallets for a specific £5 note that could be worth an impressive £4,000. This note features King Charles III and needs a specific serial number to be particularly sought after by collectors.

The lower the serial number, the more valuable the note is. This is because it means it is one of the earlier editions printed.

An expert, known online as the Coin Collecting Wizard, explained what to look for in a video uploaded to social media platform TikTok. Speaking to his more than 221,000 followers he said: “Have you got a new Charles note?

Well before you lose all thought and think you are rich, then pay attention. Yes, there are King Charles banknotes out in the wild and yes, you may have come across one as they have been out for almost a year now.”

However, he warned that some people have been putting these notes up for sale on eBay for more than they are actually worth. “But just because you see a price on eBay, doesn’t suddenly mean that banknote is worth so much money as anyone can put any price on eBay,” he continued.

But there are, however, low serial number notes you could look out for that can be valuable. The King was presented with a full set with the lowest serial numbers following the tradition of the monarch receiving the first issues of new banknotes.

He explained more about what collectors look for in these notes. The expert said: “And collectors will be seeking banknotes, which come as close to the 00001 serial number as possible.

With this rule in mind, he advised on the serial number needed for a £5 note to be worth a lot of money. He said: “So what do you need to look for I hear you ask.

For a £5 note with the prefix ca01 followed by six zeros and a three, this has an estimate of £4,000 pounds, so make sure you check all serial numbers for those low ones. And remember, my important rule, don’t believe everything you see on the likes of eBay. Check those sold prices first.”