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- A new £10 note depicting King Charles III has sold for £17,000 at auction
- It has the second lowest serial number on a new £10 note, HB01 000002.
- It had an estimate of £5,000 to £8,000.
A new King Charles III £10 note sold for £17,000 at a Bank of England charity auction this afternoon.
The auction, conducted by Spink & Son on behalf of the Bank of England, features 262 lots of new £10 notes depicting King Charles III.
The £10 note HB01 000002 was auctioned by Bank of England chief teller Sarah John as lot one, with bidding frenzied both online and in the room.
It was eventually sold to a buyer over the phone.
A new King Charles banknote with serial number HB 01 000003 sold for £17,000 at a Bank of England auction today.
The next lot, a £10 note with serial number HB01 000003, sold for £5,500 and lot three, HB01 000004, sold for £2,400.
The new £5, £10, £20 and £50 notes have been launched across the country and first entered circulation earlier this month.
The £5 note auction on 13 June was the first opportunity for collectors and the public to get their hands on new notes with ultra-low serial numbers.
A £5 note with the lowest serial number CA01 000003 sold for £11,000.
Earlier this month, This is Money exclusively revealed the prefixes for the first new notes, which are CA01 for £5 notes, HB01 for £10 notes, EH01 for £20 notes and AJ01 for £50 notes.
The most valuable new banknotes are those with low serial numbers beginning with these prefixes, which both collectors and the general public are on the hunt for.
This £10 note is the lowest serial number of a new £10 note available to the public, Spink & Son confirmed.
The first £10 note with serial number HB01 000001 is in the hands of King Charles III and This is Money understands that this second note, with serial number HB01 000002, would have belonged to Queen Camilla.
Spink & Son said: Traditionally, ticket number two is reserved for the sovereign’s consort.
“In an evolution of tradition, this serial number, for the first time, is available for purchase by private collectors with all proceeds going to charitable causes.”
The note had an estimate of between £5,000 and £8,000, but a banknote expert This is Money spoke to ahead of the auction said it would far exceed his estimate.
Simon Narbeth, of banknote seller Colin Narbeth & Son, thought it would cost £20,000 because of the rare opportunity for collectors to get their hands on a banknote with such a low serial number.
Therefore, it was closer to the sales price than the estimate.
The auction for new £20 notes will take place on 11 July and an auction for new £50 notes will take place on 25 July.
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