NOTEWORTHY FIND
Exact detail to spot on new £10 King Charles banknote which reveals whether it could sell for 1700 times its face value
It isn't just banknotes that are selling for thousands of pounds
A TINY detail on the new £10 King Charles banknote reveals whether it could sell for 1,700 times its face value.
The new tenner entered circulation in June along with £5, £20 and £50 King Charles notes.
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Charles himself was given the first banknotes off the press, each of which had a serial number ending in 000001.
But collectors are now desperate to get their hands on other new King Charles banknotes with low serial numbers.
A new King Charles tenner with the serial number HB01 000002 sold for £17,000 at a Bank of England charity auction this week.
Another stack of notes with the face value of £2,000 sold for a record-breaking £26,000.
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The Bank's chief cashier Sarah John who has her signature on all the notes was 'thrilled' the valuables were raising to be split evenly between 10 charities.
The charities are Childhood Trust, The Trussell Trust, Shout, Carers UK, Demelza, WWF-UK, The Brain Tumour Charity, London’s Air Ambulance Charity, Child Bereavement UK and The Samaritans.
John's signature is printed on the notes as an assurance of it's value and to tackle counterfeits.
From 1960, Queen Elizabeth II has appeared on Bank of England notes, except in Scotland, making it the first change of monarch on our notes in over six decades.
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This isn't the first time notes and coins have sold for eye-watering prices.
An ultra-rare 1p coin from 1933 sold for £140k at auction according to a
Despite the use of coins and notes declining, with many businesses opting to go cashless the number of those using cash has been the highest it's been in four years.
This is according to banking trade body UK finance which suggests the cash-use may be linked to the cost of living crisis.
Post Office workers can support this claim as the amount of cash they claim to handle spiked in July, totalling in £3.77bn.
HSBC has also announced it will not close any more branches until at least 2026.
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