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A new £10 note has just sold for £7,200

A new £10 note has fetched an astonishing £7,200 at auction
A new £10 note has fetched an astonishing £7,200 at auction

A new polymer £10 note has sold for a staggering £7,200 at a charity auction held by the Bank of England.

Bearing the serial number AA01 000010 – believed to be the lowest available to the public according to auctioneer Spink & Son – the note sold for more than double the price estimated.

There are a total of 87 £10 notes at the charity auction, according to a report by The Sun.

MORE: A new £10 note has sold for £3,600 on eBay – how to spot if yours is worth thousands

Collectors were encouraged to keep an eye out for special serial numbers when the new polymer £5 note released into circulation last September.

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Those starting with AA – the lowest serial number – are thought to be the most valuable.

Currency experts Change Checker also reported that notes which include key dates related to the author Jane Austen – who features on the new tenner – in the form of serial numbers are likely to be of particular interest to collectors.

MORE: Here’s why you should be collecting £5 coins

When a newly-designed banknote is created, the first few off the press are sent to people or institutions organised in its development, such as the Queen, Prince Philip and the Prime Minister.

The second lot in today’s auction – AA001 000011 – sold for £5,200 while the third AA01 000014 went for £3,500.

The proceeds of the auction goes to three charities – Candlelighters, Haven House Children’s Hospice and Macmillan Cancer Support.