Collectors snap up £5, £10, £20 and £50 notes bearing king’s head for 11 times monetary value, with one £10 note fetching £17,000
Collectors snap up £5, £10, £20 and £50 notes bearing king’s head for 11 times monetary value, with one £10 note fetching £17,000A special auction of some of the first banknotes to roll off the presses bearing King Charles III’s face have raised more than £900,000 for charity, more than 11 times their monetary value.held four specialist auctions of the new £5, £10, £20 and £50 notes, with the proceeds destined for 10 selected charities.
A single £10 note with the serial number HBO1 00002 sold for £17,000, while a £50 sheet sold for £26,000 and broke the record for the highest lot sold in aThey were among the earliest notes featuring King Charles’s face that were released with low serial numbers. Ahead of the notes going into circulation, King Charles was presented with a set featuring 00001 serial numbers.
Each charity received more than £91,400 from the auction and ballot. Samaritans, London’s Air Ambulance, Trussell Trust and Carers UK were among charities to benefit.Get set for the working day – we'll point you to all the business news and analysis you need every morningThe King Charles banknotes mark the first time the Bank of England has changed a monarch on its notes. The late Queen Elizabeth II was the first monarch to appear on banknotes, beginning with £1 notes in 1960.
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