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Could your old £10 note be worth a small fortune?

London Mint Office Blog | By Scott Wilson

This year will see the introduction of the new plastic Jane Austen £10 note. Following on from the recent new plastic £5 note it is expected to carry across similar features, such as a variety of security features like the see-through window displaying the £ symbol, the 3D coronation crown displaying a multi coloured rainbow effect when tilted, and much more.

Just like the £5 note it will be made of a Polymer (animal fat and all…) The note brags to be better for the environment as it is longer lasting than the traditional paper note meaning less will be produced, and when it reaches the end of its life as money it can be recycled into a new plastic product.

It was confirmed by the Bank of England that the new £10 will commemorate Jane Austen, whose 200th year anniversary of death is in July this year. The late author will be the only female aside from The Queen to appear on a note once the old £5 notes are withdrawn from circulation. Although …

Could you be Quids in? £££

This year saw the introduction of the brand new £1 coin, a change which was made to improve the security of the £1 coin which is now deemed as one of the world’s most secure coins.

Out with the old, in with the new:
With the new coin coming into circulation, the old £1 coins are being removed from circulation across the UK. However don’t start throwing them away yet because you could be sitting on a small fortune. It is time to empty those piggy banks and check for some of these old £1 coins.

Considered one of the rarest £1 coins the 2011 Edinburgh Castle design, with a mintage limit of just 935,000 this coin has reported to fetch up to £30 on sites such as EBay dependent on the coins condition. 

The Edinburgh City £1 Coin

The 2011 Cardiff City £1 coin had a higher mintage limit of 1,615,000. In good condition this coin has reported to go for around £25 on bidding sites such as EBay.

The Cardiff City £1 Coin
The London £1 coin with a mintage limit of 2,635,000 brings a slightly lower price on external bidding sites of around £20.

The London City £1 Coin
However with all of the old £1 coins being taken out of circulation could the value increase? Should you hang on to your old coins for a little longer?... Maybe so

So what are you waiting for? Check the side of your sofa, your piggy banks, your car and find all your coins!