Skip to content
Breaking News

Breaking News

  • Home
  • World
  • Business
  • Health
  • Entertainment
  • Life Style
  • Sports
  • Toggle search form

First of Britain’s new banknotes sell for over £900k in record auction

Posted on August 14, 2024 By Admin No Comments on First of Britain’s new banknotes sell for over £900k in record auction


The production of the new King Charles III £10 note by the Bank of England is seen in this undated handout picture. — Reuters/File

The first few banknotes from the Unted Kingdom’s new banknotes were recently sold off in a record auction of 11 times more than their face value.

The new banknotes, with a face value of £78,430, have generated an astounding £914,127 for charity after being auctioned off in a series of successful sales.

The new £5, £10, £20 and £50 notes, featuring King Charles III, were introduced into circulation in June.

According to the BBC, while the monarch received a complete set of the first issues, which included banknotes with a serial number ending 000001, numerous other low serial numbered banknotes were auctioned.

The £10 note bearing the serial number “HB01 000002” fetched an impressive £17,000 during the bidding while a sheet of 40 connected £50 notes, with a face value of £2,000, sold for £26,000, setting a new record for any Bank of England auction.

The record-breaking auction conducted by London-based auctioneers, Spink, is accredited to the collectors who are after banknotes which bear the closest serial number to “000001”.

When the notes entered circulation in June, collectors visited branches which had stocks of the notes during the first day and the Bank of England even had a long queue outside, the BBC reported citing the Post Office.

Sarah John, the Bank’s chief cashier — whose signature is featured on the notes — was “thrilled” at the “remarkable” amount that the auction was raised which will be shared equally between 10 charities chosen by the Bank.

It is the first time the monarch on the Bank of England notes has changed, because Queen Elizabeth II was the first to routinely appear on Bank of England banknotes since 1960. 

However, the banknotes in Scotland do not feature the monarch.



Source link

World

Post navigation

Previous Post: Taylor Swift’s Eras Tour is returning to London’s Wembley Stadium after alleged Vienna plot. Here’s what to know.
Next Post: How to moisturize your nails? – SUCH TV

More Related Articles

Who is Matthew Livelsberger? What we know about the Tesla Cybertruck explosion suspect World
Analysis | NATO sets its sights on China World
Suspect who fatally shot California UPS driver 10 times in truck was coworker, childhood friend: DA World
Slovakia allows culled bears to end up on plates World
Israel’s war on Gaza: At least 63 killed in Gaza in last 24 hours – SUCH TV World
American hostage Edan Alexander released by Hamas after more than 580 days in captivity World

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • PHF seeks govt funds for hotel accommodation in Kuala Lumpur: sources
  • Abortion guidelines branded horrifying by grieving mum
  • Woman declared dead by coroner, moved to coffin, turns out to be alive
  • Shohei Ohtani reacts to death of Japanese baseball legend Shigeo Nagashima: ‘May your soul rest in peace’
  • Thames Water nationalisation ‘not the answer’ says minister after rescue bid fails

Categories

  • Business
  • Entertainment
  • Health
  • Life Style
  • Sports
  • World

Copyright © 2025 Breaking News.

Powered by PressBook Blog WordPress theme