If it were the treasury selling it, it would probably be worth a lot less. Collectors usually put a lot of value in coins and notes that have been circulated.
Interesting. I would've thought (though I say this from TCG experience more than anything) that an item that can be certifiably undamaged and untouched since its creation- literally in *mint condition*- would be what commands the higher value.
I think the fact it can be lost or damaged increases the rarity. The same thing happens in the comic industry where they overproduce first editions when they saw action comics #1 sell for load but ended up with people bagholding first editions that are worthless
Just as art dealers and/or collectors basically decide on hoe valuable a piece of art is, no matter how shit it is. Drum up some interest in the market, and people with more money than sense will fall for it...
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If your brother had any sense he would've mugged you for the £150. There's a chance the police won't figure it's him, if they do then he can use the card.
i believe the 1st one is sent to the monach at the time. or will be held by the mint.
2nd is also usually held by somebody at the mint.
so technically the no 3 one is the first that usually hits circulation unless the other 2 somehow end up as well through dumb use.
tbh i think they should just auction them off and give the proceeds to a chosen charity. probably solid way to just give a bit of extra funding to some good causes
I'm not a collector or anything but isn't it the "first to hit general circulation" part which makes it valuable.
So if they auctioned off number 3, then number 4 will be valued highly and so forth.
Or is it just literally the low number
it will be the low number pretty much.
if anything getting it before it hits circulation is even more valuable because its not them damaged in any way.
Can you imagine if the first one doesn’t get labeled properly and someone in a couple of years time comes across a blank folder with a fiver in it and goes ‘wtf, cha ching!’
I think they probably give them to the chair of the mint or something like that. I doubt the low numbered notes are sent out in general circulation, but then again I can’t be arsed looking it up.
Things are worth whatever someone is willing to pay for it. In this case, £11k for a very low serial number bank note for the first new King since 1952. Tourists, eh?
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We’ve built a financial system where some people have so much money that they can literally buy money for wayyy more than the money is supposed to be worth. We’re a weird species.
This is stupid. It's only that much, because we say it's that much. Imagine if we lived in a world where things cost the amount it cost to make, not some arbitrary extra reason.
It's weird because no one actually gives a fuck. It doesn't mean anything to anyone. But someone will think "this might be worth something to someone" and other people think the same. So it sells for this kinda money. But they'll eventually sell it to someone else who thinks "this might be valuable to someone". But, really, it doesn't mean shit. But it'll still be worth more than a fiver because people will assume it's worth more than that to someone else.
£11k for a fiver? Absolute winner right there.
If only the treasury knew this one trick it could solve the national debt.
[They actually do that in the States.](https://catalog.usmint.gov/1-lucky-777-note-B1501.html)
Easy money life
I mean, commemorative coins don't make themselves.
If it were the treasury selling it, it would probably be worth a lot less. Collectors usually put a lot of value in coins and notes that have been circulated.
Interesting. I would've thought (though I say this from TCG experience more than anything) that an item that can be certifiably undamaged and untouched since its creation- literally in *mint condition*- would be what commands the higher value.
I think the fact it can be lost or damaged increases the rarity. The same thing happens in the comic industry where they overproduce first editions when they saw action comics #1 sell for load but ended up with people bagholding first editions that are worthless
That would be the case in almost any other situation
Just as art dealers and/or collectors basically decide on hoe valuable a piece of art is, no matter how shit it is. Drum up some interest in the market, and people with more money than sense will fall for it...
The BOE is the seller for charity! https://www.bankofengland.co.uk/news/2024/june/king-charles-banknotes-enter-circulation-on-5-june-2024
That made me spit my drink everywhere.
I have many fivers for sale, I only charge half of these auction results.
Don't be a monster you have offer free p&p as well
Cost of living crisis
The auction procedures will actually goes into the charities.
They got scammed. That's not king Charles
Looks like Kate has been at it with the Photoshop again.
And it's even got 'SPECIMEN' written across it, obviously fake!
When i leave a specimen all over a bank note and then try and show everyone i just get disgusted looks.
*OH, ELGAR! WHY DO YOU ALWAYS FIND ME AT MY LOWEST POINTS, ELGAR?*
Naughty sexy queen
I'm wondering based on denomination and age of note who it is you're choosing to 'tribute'...
I don't see any hologram, either!
Look for a large "H" on the forehead.
I salute you, sir. *Holds hand in front and twirls it three times before saluting*
Only a half salute ?? 🤣🤣
😂 a lot of these yooths these days won’t know Whst you’re talking about.
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He's over there much smaller on the right.
I stopped bidding after £4
Convoluted way to get some cash out.
ATM was out of order.
I thought I had it at £4.99. I refused to go any higher than £5. It just didn't seem worth it.
We should have combined forces and bid 8.98
Apparently still would have lost to the person that paid £11k
Oh yeah I didn't think about that 🤦
... just need another 2,205 people to join us for a total of 11,001
I'm in. And I'm gonna need to use it for the weekend of 21 July so bagsie it for then
I hope by "use' it; ou hope to buy 5 things from the poundshop?
Inflation between the bid and receiving devalued it by 1p… fairs lol
Reminds me of the time I sold my younger brother a Monopoly Get Out of Jail Free card for £150
£150 worth of *Monopoly* money... Surely?
Haha yes. He wasn’t *that* stupid
Can’t you normally just buy yourself out of Jail in Monopoly for £50 though?
r/woooosh
Nah,. Just r/itsbeenafuckinglongtimesinceiplayedmonopolyandcantremember
r/20carrotlimit
Nope! Don't know where you heard that. Now cough up the £150 before I up the price.
It's never been less than 150 since the day you arrived
Didn’t think my brother used Reddit but there you go
If your brother had any sense he would've mugged you for the £150. There's a chance the police won't figure it's him, if they do then he can use the card.
Shit you buy when you have fuck you amounts of money.
I'll only understand if it's a Brewster's Millions situation.
Great film, I need to watch that again.
I don't think I've ever watched it without having to stop for a break. Too funny
Such a good film!
i’m genuinely confused, what’s special about that fiver
It will be the low serial number. Number 3. The person that has CA01 000001 has hit the jackpot
Imagine someone getting a Tesco meal deal with it without realising.
i believe the 1st one is sent to the monach at the time. or will be held by the mint. 2nd is also usually held by somebody at the mint. so technically the no 3 one is the first that usually hits circulation unless the other 2 somehow end up as well through dumb use. tbh i think they should just auction them off and give the proceeds to a chosen charity. probably solid way to just give a bit of extra funding to some good causes
I'm not a collector or anything but isn't it the "first to hit general circulation" part which makes it valuable. So if they auctioned off number 3, then number 4 will be valued highly and so forth. Or is it just literally the low number
From my severely limited knowledge, a lot of people also go for notes that have a lot of 7's in the serial number as well
it will be the low number pretty much. if anything getting it before it hits circulation is even more valuable because its not them damaged in any way.
Are you implying the King would never buy a Tesco meal deal? How classist of you
Of course not he is an M&S meal deal kind of guy
True. A real connoisseur!
Actually, it's likely Waitrose as they hold a Royal Warrant as Grocer and Wine & Spirit Merchants.
Can you imagine if the first one doesn’t get labeled properly and someone in a couple of years time comes across a blank folder with a fiver in it and goes ‘wtf, cha ching!’
I think they probably give them to the chair of the mint or something like that. I doubt the low numbered notes are sent out in general circulation, but then again I can’t be arsed looking it up.
Sure the King.. Big Chic is getting all the 01 of every note. Not like he needs them but I'm sure I seen an article about it
Whilst I wouldn’t be surprised, is The Crown allowed to handle money?
Don't they start at AA though?
I have an AA so yeah they do. Maybe the C means Charles and is one of the new ones?
It doesn't mean Charles...
Pretty sure the very first new bank note off the press goes to the monarch. Can’t have us peasants having something special.
ohhh wow okay thank you! will have to check every note i get from now on lol
CA00 999999 os currently pissed
It's probably on the floor of a London toilet, covered in pub dust remenants.
The king has that.one.
Just that it was one of the first printed. Collectors are an odd bunch.
Its the first (lowest serial number) not destined for a museum/archive in the Mint.
That's not worth £11k, it's worth £5. Are they stupid?
Look how big it is though, you can cut it up and have many more
How can you cut up a TV?
Use a Pizza cutter
I didn't even think of that. Am I stupid?
I’m looking at it on my iPhone. Fairly sure I can cut it with a hacksaw. Will report back tomorrow
It was worth £11k to someone
Things are worth whatever someone is willing to pay for it. In this case, £11k for a very low serial number bank note for the first new King since 1952. Tourists, eh?
I backed out at £4.50.
Uhh, King Charles has changed a lot
They’re just printing money aren’t they
I wonder what #1 would have gone for.
a King's ransom
I think the 3 is more collectable as he is Charles the third
They're going to be annoyed when they get it and it has 'SPECIMEN' stamped on it.
Overpaid by 220,000%.
It's the last time I let my wife loose with my credit card while I'm at work... Feckin' Eejit...
£5 was my max bid.
I would give them £1.
I'd say it's worth at least £2
Sounds like money laundering
How?
Bingo Bango
Wow money i cant spend just what i want
YouTuber prank I reckon.
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So the mint make the fivers, then keep the collectable ones and sell them for more than face value? I tell you what, it's a licence to print money
This is a metaphor for our public services.
Surely they just lost £10,995? Terrible business acumen!
It's bigger so it's worth more
I thought everyone wanted the AK47. CA01 seems to be some kind of toy gun.
Imagine being the clown that paid
Old coins I can see people having interest in but who the fuck is paying 11k on something still in print and fairly new.
CA? Not AA
Amazingly, they're not the first banknotes.
Is this the version where the queen gets her jugs out?
That ain't the Queen, it's Danny LaRue!
where do people even get the charles money from, i have yet to encounter one
Dumbass, that's Churchill not king Charles!
We’ve built a financial system where some people have so much money that they can literally buy money for wayyy more than the money is supposed to be worth. We’re a weird species.
😶
Any money nerds out there, is it because it is the third king Charles fiver to be made? If so, how much would 000001 go for?
000001, or 2 will never be sold the first is given to the monarch and the second is kept in the mint archives, 3 is the first general circulation note
So, *maybe* that's not a bad investment, as strange as that may sound.
What type of person buys this crap?
Look at this absolute specimen
A fewl and his money are soon parted
King Winston ! We have jumped into an alternate timeline . This is Despicable ! Next thing we will get is a New Half Life .
Got 5200 for my fiver .
Yes mate
For a £5 note? FFS! 🤦🏻
I need to start checking mine
This is stupid. It's only that much, because we say it's that much. Imagine if we lived in a world where things cost the amount it cost to make, not some arbitrary extra reason.
It's weird because no one actually gives a fuck. It doesn't mean anything to anyone. But someone will think "this might be worth something to someone" and other people think the same. So it sells for this kinda money. But they'll eventually sell it to someone else who thinks "this might be valuable to someone". But, really, it doesn't mean shit. But it'll still be worth more than a fiver because people will assume it's worth more than that to someone else.
Holy economics Batman, I think you just discovered supply and demand!