Home   News   Article

New craze sees eBay sellers asking thousands for ‘rare’ upside down print £5 notes




A new UK craze has seen pranksters flooding eBay with listings for ‘upside down’ five pound notes - and some are attracting bids of thousands of pounds.

The phenomenon started with a tongue-in-cheek listing the new plastic note for a startling £65,000 and showing what was clearly a perfectly normal £5 note positioned upside down.

“New £5 bank note printed upside down. Extremely rare opportunity for the most serious collectors. Seller can confirm that this is the only known upside down £5 note in existence,” it read.

But the seller gave the game away with an addition at the bottom of the listing reading: “Authenticity of note verified by Department of Upside down Printed English Denominations (DUPED).”

That listing has now been removed. However, dozens of other people have since got in on the act with their own upside-down listings, with some sellers asking a fortune: one has a ‘buy now’ price of £4,600.00, for example, and another of £5,000.

One appears to have received a bid of £1,000, although this may be a joke.

However, most have received no bids at all - including one offering the £5 note for £4.99 plus postage. Another, which offers free postage, has stalled at £5.

With the launch of the new polymer £5, collectors have been snapping up notes with particularly low or unusual serial numbers, with some selling for hundreds of pounds.

Earlier this month, the Bank of England auctioned off a batch of low serial number banknotes for charity, with one reaching a whopping £4,150.

It plans to print 440 million of the new polymer notes, and will phase out the paper version. While they are more expensive to print, the new notes will last much longer, making them better value overall.



COMMENTS
()


Iliffe Media does not moderate comments. Please click here for our house rules.

People who post abusive comments about other users or those featured in articles will be banned.

Thank you. Your comment has been received and will appear on the site shortly.

 

Terms of Comments

We do not actively moderate, monitor or edit contributions to the reader comments but we may intervene and take such action as we think necessary, please click here for our house rules.

If you have any concerns over the contents on our site, please either register those concerns using the report abuse button, contact us here.

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies - Learn More