The new £ 20 bills may be worth thousands – here’s how to check

The new £ 20 bills are in circulation in Britain and some may be worth a fortune.

Artist JMW Turner presents the note, which will move from paper to a polymer note, such as the £ 5 and £ 10 notes.

And the new £ 50 polymer banknote will arrive in the UK next year, with Alan Turing, the Bletchley Park code encoder.

With each of the recent notes released, collectors have clamored for rare or early serial numbers – and this time it looks like it won’t be any different, reports Bristol Live.

The notes with the lowest serial number are given to the Queen, while the Bank of England will also auction some notes for charity, but a number of the rare ones will go into circulation in general.

According to Mirror Money, a series of elusive AA serial numbers will fluctuate and if you find one you may find that it is worth a small fortune.

The new £ 20 note

How to tell if your £ 20 note is rare

In the past, people hurried to get their hands on new notes to see if they had one of the coveted AA 01 serial numbers.

People lucky enough to find this serial number on the plastic 5 pound note have been able to sell them on the eBay and Facebook market for hundreds and hundreds of pounds.

For £ 10 notes the craze had settled slightly, as many of the AA 01s had gone to a charity auction but people were managing to sell AH serial numbers for £ 30 online.

But an AH 17 75 serial number sold for an incredible £ 3,600 because 1775 was the year Jane Austen – who appears on the back of the note – was born.

We expect something similar for the new £ 20 banknote launched today.

So a new £ 20 with a serial number that starts with an “A” and includes 1775 (the year Turner was born) should be a winner.

And if you can find a JT 1775 1851 you hit the jackpot – with the note that combines the painter’s initials, his year of birth and his year of death.

Where to find the new £ 20 note

Bank of England Governor Mark Carney, with a conceptual image for the new £ 20 banknote featuring artist JMW Turner

There is no way of knowing where they will appear, although the Bank of England does not know it, but we do know where they started their circulation path.

Santander will be shipping 13 banknote bonds to 13 branches and the bank expects half of the ATMs across the UK to distribute £ 20 polymer banknotes in just two weeks.

Santander’s branches carry the material from the new note

  • Birmingham Corporation Street
  • Bradford Nelson Street
  • Cardiff
  • Leeds
  • Leicester
  • Liverpool Lord Street
  • London Triton Square
  • Tottenham Court Road
  • Moorgate, Margate
  • Milton Keynes
  • Newcastle and Preston

£ 20 banknotes, of which over two billion are in circulation, can still be used normally and the Bank will provide six months’ notice before their legal tender is withdrawn.

Speaking to Tate Britain, which houses the Turner Bequest, Bank of England Governor Mark Carney said: “Our banknotes celebrate the extraordinarily rich and diverse heritage of the United Kingdom and highlight the contribution of its greatest citizens. Turner’s art has been transformative.

“I am delighted that the work of the single most influential English artist of all time will now appear on two billion other works of art – the new £ 20 bills that people can start using today.”

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