One of the new polymer £5 banknotes featuring Winston Churchill recently sold for a whopping £4,150 at a Bank of England charity auction on Monday 3rd October.
The banknote was only expected to fetch £800-£1200 at the charity event but it actually went for 830 times its face value!
Just last month we reported that banknotes with the serial number beginning with AA01 were selling online for hundreds of pounds. The banknotes which were released into circulation on September 13th are still catching the public’s attention with collectors looking to keep hold of the notes while they are still in good condition.
The first batch of banknotes from the presses carry a serial number starting AA01, followed by a six-digit number. There are 999,999 new fivers with the AA01 prefix and these are the ones selling for vast sums.
The £5 note was lot one at the event held in London and carried the serial number AA01 000017, making it the lowest available to the public according to auctioneers Spink.
A lot of bids came through online and it is thought that a lot of interest in these banknotes came from across the pond because Churchill was a well-known face over in the US.
The Bank of England Charity event raised a total of £203,820 with the money going to three worthy charities which were chosen by staff at the Bank of England.
A total of 601 banknotes were up for sale at the event and every banknote sold well over its estimate sale price.
On the morning of 24 January 1965, the tolling of St Paul’s Cathedral’s state bell ‘Great Tom’ signalled to a grieving nation that a great man was gone. Sir Winston Leonard Spencer Churchill died 51 years ago, at the age of 90.
Since his death, Churchill has become a prominent figure in numismatic history and is the only person outside of the Royal family to be commemorated on a Crown coin on no less than three separate occasions.
In 1965, a whole nation mourned the loss of the politician, writer, orator and the man who exemplified the Allies’ stance against the Nazi threat in the Second World War.
Buried in a country churchyard near Blenheim Palace where he was born, the Queen had attended Churchill’s state funeral in London, the first afforded to a commoner in more than a century.
To celebrate the London 2012 Olympic and Paralympic Games, the Royal Mint issued this limited edition £5 coin. Featuring an instantly recognisable portrait of the great man, the coin was issued during Britain’s build up to the London Olympic and Paralympic games to capture the spirit of pride in our nation.
Churchill was a man of many talents and was renowned throughout the world as a great statesman. Educated at Harrow School and Sandhurst Military Academy, his military service included Malakand and the Nile. During the Boer war, as a war journalist, he was captured but escaped.
He was Prime Minister and held various important positions including Colonial Under-Secretary, President of the Board of Trade, Home Secretary, Minister of Munitions, Secretary of State for War and Air, Chancellor of the Exchequer, and remained as a back bencher after 1955.
He was a talented painter and author of a number of important books, including “History of the English Speaking Peoples” in four volumes. His love of good cigars, vintage wines and fine brandy has become legendary. He never exercised and referred to his periods of severe depression as his ‘black dog’.
But his world vision, his charisma and his qualities of leadership are acknowledged to have helped to ensure that Britain survived the Second World War.
In 2015, a half-century after the death of Winston Churchill, this £5 coin was issued to honour a man who holds an unrivaled place in history.
Featuring the engraved portrait of Winston Churchill by Mark Richards FRBS, who wanted to convey Churchill as larger than life by creating an image larger than the coin itself.
A tribute to Winston Churchill
Struck by The Royal Mint, this £5 coin has been protectively encapsulated and Certified as superior Brilliant Uncirculated quality. Click here to find out more