Auctions Raise Over $1 Million for Charity
A £5 King Charles III bank note.
Bank of England
Over the summer, Spink & Sons held four auctions with the Bank of England. The auctions sold low-serial King Charles III bank notes—£5, £10, £20, and £50 notes.
The auctions raised £914,127 ($1.17 million U.S.) for ten different charities. These include the bank’s three current ‘charities of the year’ and seven previous charities of the year that did not benefit from the proceeds of a charity polymer bank note auction held since 2016.
The current three charities of the year are The Childhood, The Trussell Trust, and Shout (powered by the charity Mental Health Innovations). The other charities to benefit from this auction and the ballot are Carers UK, Demelza, WWF-UK, The Brain Tumour Charity, London’s Air Ambulance Charity, Child Bereavement UK, and Samaritans.
The auction broke the record for the highest lot sold in a Bank of England bank note auction, with a £50 sheet going for £26,000 ($33,423 U.S.). This was followed by the £10 auction, where a single note with the serial number HB01 00002 was sold for £17,000 ($21,853 U.S.).
The King Charles bank notes mark the first time the Bank of England has changed a monarch on our bank notes. Her late Majesty, Queen Elizabeth II, was the first monarch on England’s bank notes, beginning with the Series C £1 bank notes in 1960.
The King Charles bank notes continue the current series. As such, the serial numbers commence from the following available cipher, following those previously used to produce notes featuring Queen Elizabeth I.
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