Uncommon £5 financial institution notice shocks auctioneers because it fetches 1000’s at public sale (Picture: Noonans of Mayfair)
An “exceptionally uncommon” historic £5 notice from the Financial institution of England department in Leeds has offered at public sale for £32,000.
The notice, which is dated July 12 1900, was signed by Horace G Bowen, the chief cashier on the Financial institution of England from 1893 to 1902.
The £5 notice was anticipated to fetch about £16,000 however offered for double the quantity at auctioneers Noonans on Thursday.
It was purchased by an “superior collector of English banknotes”, the agency defined.
The public sale catalogue knowledgeable collectors – generally known as notaphilists – that its serial quantity was U/65 37229 and described it as a “stunning, very superb” instance.
It suggested that there are “only a few Bowen notes in personal arms particularly from this exceptionally uncommon Leeds department”.
Andrew Pattison, head of the banknote division at Noonans, mentioned: “Bidding was extraordinarily fierce, with the notes going to 2 completely different consumers, each of whom are superior collectors of English banknotes.
“There have been a number of bidders on every notice proper to the highest, which simply exhibits that curiosity in uncommon and distinctive collectable banknotes is extraordinarily sturdy.”
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Through the sale, one other uncommon £5 notice dated July 28, 1862, additionally beat a £15,000 prime estimate after going below the hammer for £20,000.
Additionally issued in Leeds, it was signed by Matthew Marshall, who was chief cashier of the Financial institution of England between 1835 and 1864.
