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The production process of these notes included a varnish applied to the paper before the serial number was printed, allowing them to be easily rubbed off. This makes them slightly rarer than the replacement notes and worth about £15 ($25) in mint uncirculated condition.

The replacement notes, with the varnish applied over the serial numbers, are worth slightly less at £11 ($18).

Either note in any condition other than mint uncirculated is worth only face value.

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14y ago
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13y ago

A British 1956 (white) Five Pound note (Chief Cashier L.K. O'Brien - depending on the serial number), uncirculated and in absolute mint condition could fetch anything from £220 up to £240 GBP. If it has been circulated but still in good condition, it might fetch anything from £70 to £160 GBP.

A reputable coin dealer will be able to give a more accurate valuation.

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13y ago

It would depend greatly on the year and who the Chief Cashier was, but assuming it is in excellent condition, you have something of value.

A reputable coin dealer will be able to give an accurate valuation based on inspection and authentication of the banknote.

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12y ago

A Bank of England 1982 Five Pound note (Series D - blue)(Chief Cashier D.H.F. Somerset - depending on the serial number), uncirculated and in absolute mint condition could fetch anything up to £35 GBP. If it has been circulated but still in good condition, not much.

A reputable coin dealer will be able to give a more accurate valuation.

The Bank of England has a stated policy of withdrawn banknotes retaining their face value for all time and will exchange withdrawn banknotes for the equivalent value in current banknotes.

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Q: What is the value of a 2002 English Five Pound note with ink that can be rubbed off?
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