A man holds some newly issued banknotes bearing the King’s portrait outside the Bank of England in London.
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LONDON – An auction of low-serial Charles III banknotes has raised 914,127 pounds ($1.17 million) for charity, according to the Bank of England.
A £50 note sold at auction for a record-breaking £26,000, while a £10 note with serial number HB01 00002 sold for £17,000, the Bank of England said in a report. Monday statement.
Four auctions were held this summer, with prices for £5, £10, £20 and £50 notes, with proceeds going to a range of charities. These include the Bank of England’s three “Charities of the Year”, as well as seven other institutions that have not benefited from a note charity auction since 2016.
Charities include those supporting physical and mental health issues, children in poverty, the hungry, the environment and animals.
The BoE said each charity received just over £91,400.
New banknotes bearing the portrait of King Charles III will enter circulation on June 5, 2024. People display the new banknotes and take photos after they were presented to King Charles III by Bank of England Governor Andrew Bailey and the Chief Cashier of the Bank of England. Take a souvenir.
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king charles banknotes enter circulation The first was released in June and was also the first note to depict a monarch other than Queen Elizabeth II, as the tradition did not begin until 1960.
The notes featuring King Charles were revealed for the first time and were released following Elizabeth’s death in September 2022.
Charles can be seen on the front of £5, £10, £20 and £50 notes, as well as on the clear security windows on the notes. The design, which is otherwise unchanged, also features British historical figures such as Winston Churchill and Jane Austen.
The Bank of England has previously stated that it is printing new banknotes only to replace those that are worn out and to meet the growing demand for banknotes. Banknotes bearing Elizabeth II remain legal tender.
Correction: A previous version of this story incorrectly described the amount raised by the auction in the headline.
