Banknotes featuring the face of King Charles III have been causing quite a stir, with one rare £10 note selling for a whopping £17,000 in an intense bidding war. The auction, which featured a number of banknotes with a total face value of £78,430, raised over 11 times that amount, making it a record-breaking event.
During the auction, a single £10 note with the serial number HB01 000002 fetched £17,000, while a sheet of 40 connected £50 notes, worth £2,000 in total, sold for an impressive £26,000. These sales broke records at the Bank of England auction, showing just how valuable these new notes featuring King Charles III have become.
The proceeds from the auction, which was run by London auctioneers Spink, totaled an impressive £914,127. The money raised will go to a number of charities, including Childhood Trust, The Trussell Trust, Shout, Carers UK, Demelza, WWF-UK, The Brain Tumour Charity, London’s Air Ambulance Charity, Child Bereavement UK, and The Samaritans.
The demand for these new banknotes is high, with collectors eager to get their hands on notes with low serial numbers. The first new notes were presented to King Charles III himself, but many others with low serial numbers were up for auction, fetching high prices due to their rarity.
The new notes featuring King Charles III were introduced following the death of his late mother, Queen Elizabeth II. It’s interesting to note that King Charles faces the opposite way to his late mother on the notes, in keeping with a 17th-century tradition that the direction must alternate for each new monarch. This attention to detail and tradition has only added to the value and interest in these new banknotes.
Overall, the auction of these new banknotes featuring King Charles III has been a huge success, raising significant funds for important charities and showcasing the value and collectability of these rare notes. It’s clear that there is a strong demand for these new banknotes, and collectors are willing to pay top dollar to add them to their collections.