CHEAP MONEY: CASH AT A DISCOUNT

NEW plastic £10 notes are now selling for less than a tenner on eBay as money-hungry sellers forget to set a reserve price.

Dozens of note have sold for £8, including some which had a starting price of just 99p.

Although some buyers have factored in a £2 delivery fee, taking the total price to £10, the seller would then have to stump up the cost of posting the note to the buyer.

Sellers on eBay are supposed to set a reserve price of at least the value of the note to ensure that they don’t make a loss when selling it.

But some seem to have forgotten to do this, meaning they are paying customers to buy the notes off them.

There are also scores of notes listed on the auction website, which are yet to be sold, with a starting price of just 1p.

Many sellers had planned to queue up at the Bank of England to secure a low serial number when they entered circulation last Thursday.

They offered eBay buyers the chance to pre-order a note under these terms.

But their plans were thwarted when the BoE distributed notes with the serial number AH, not the more sought-after AA ones.

But the new polymer £10 notes, which carry the portrait of author Jane Austen, have failed to whip collectors into a similar frenzy.

While the serial numbers JA01 and JA75 (Jane Austen's birth year) and JA17 (the year of Jane Austen's death) may be popular too, but it could take many years before the notes enter circulation.

And there hasn't been a rush to find the AK47 or James Bond 007 notes.

To read the complete article, see:
QUIDS IN New plastic £10 notes selling for LESS than a tenner on eBay (https://www.thesun.co.uk/money/4499805/new-plastic-10-notes-selling-for-less-than-a-tenner-on-ebay/)

To read the earlier E-Sylum articles, see:
COLLECTORS QUEUE UP FOR NEW £10 NOTES (http://www.coinbooks.org/v20/esylum_v20n38a34.html)
JANE AUSTEN BANKNOTE DESIRABLE SERIAL NUMBERS (http://www.coinbooks.org/v20/esylum_v20n38a35.html)

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