It was first issued at the bank’s Leeds branch and remains just one of a few from this era that are still held in private hands
A £5 note from July 1900 has been sold for 6,400 times its original value after a buyer picked it up for an eye-watering £32,000. The sought-after note was originally signed by Horace G. Bowen, the chief cashier at the Bank of England from 1893 to 1902, was thought to fetch around £16,000 - but it went for double that.But remarkably, its mystery seller bagged twice this initial estimate when the hammer finally fell earlier this morning.
Andrew said: “This note was sold by Sir David Kirch as part of his collection a decade ago when it was sold to the current owner, who is a major collector of notes from all over the United Kingdom. This is not the first Leeds note that Noonans has sold. An extremely rare £500 note dated 1936 was sold for a hammer price of £24,000 in March of this year.”
During the auction today, a rare £5 note dated July 28, 1862, also beat its £15,000 top estimate after it sold for £20,000. It was signed by Matthew Marshall, who was chief cashier of the Bank of England between 1835 and 1864. While another rare £50 note, also signed by Matthew Marshall and dated October 6 1845, sold for £26,000 after originally being valued between £15,000 and £20,000. Andrew added: "Bidding was extremely fierce but the notes went to two different buyers, both of whom are advanced collectors of English banknotes. There were multiple bidders on each note right to the top, which just shows that interest in rare and unique collectable banknotes is extremely strong.
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