Rare world banknotes sell for millions at auction!
Spink and Son Ltd recently held an auction of nearly 2,000 rare world banknotes.
The Auction, held in London, included notes from every country in the world, even some that no longer exist, dating from the mid-19th century to the modern era.
The auction proved hugely popular with collectors, with total proceeds of the sale coming in at over £1.6 million!
Five banknotes sold for over £20,000 each!
The three notes that sold for the most money were all issued by The Government of the Straits Settlements. These were a group of British territories located in South-east Asia, established in 1826, which included Singapore.
Government of the Straits Settlements – sold for £61,000
This note, issued in 1919, features George V and had a face value of $10,000. (Image: SPINK)
Government of the Straits Settlements – sold for £34,000
This note was issued in 1909 with a face value of $100 (Image: SPINK)
Government of the Straits Settlements – sold for £22,000
This note was issued in 1930 with a face value of $50 dollars. it features an effigy of King George V (Image: SPINK)
The other two notes to sell for over £20,000 were issued in New zealand and Iraq.
Reserve Bank of New Zealand – sold for £20,000
This banknote was issued in 1934 with a face value of £50 and features the Maori King Towhiao (Image: SPINK)
Government of Iraq – sold for £20,000
This was issued by the Government of Iraq in 1931 with a face value of 100 dinars (Image: SPINK)
In this remarkable auction 17 notes sold for over £10,000 highlighting the amazing buoyancy of the banknote collector’s market.
Jane Austen Polymer £10 banknote charity auction
Don’t forget that Spink and Son Ltd are holding the Jane Austen Polymer £10 banknote auction tomorrow.
The lowest serial number available is AA01 00010 and is estimated to sell for between £2,000 and £3,000.
There are a number of other lots with significantly lower guide prices, ranging from £200 to £400.
You could argue that this is a lot of money for a £10 note, however the winning bidder will own a genuine piece of British history, so i can understand why interest will be high.
The best news of all is that all proceeds from the auction will go to help 3 fantastic charities: Candlelighters, Haven House Children’s Hospice and Macmillan Cancer Support.