The first few banknotes from the United 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.
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”.
