- A new £5 note featuring King Charles III has sold for £11,000 at an auction
- It has the third lowest serial number of a new £5 note of CA01 000003
- It had an estimate of £3,000 to £5,000
Updated:
A new King Charles III £5 bank note has sold for £11,000 at a Bank of England charity auction this afternoon and went to a UK buyer, This is Money can reveal.
The auction, held by Spink & Son on behalf of the Bank of England, features 152 lots of new £5 notes featuring King Charles III.
The CA01 000003 £5 note was auctioned by Bank of England chief cashier Sarah John as lot one, with frenzied bidding both online and in the the room.
The next lot, a £5 note with serial number CA01 000005, sold for £7,000 and lot three, CA01 000007 sold for £4,800.
A new King Charles bank note with the serial number CA01 000003 has sold for £11,000 at a Bank of England auction today
The new £5, £10, £20 and £50 notes have been rolled out across the nation, first entering circulation last Wednesday.
This auction is the first opportunity collectors and the public have had to get their hands on new notes with ultra low serial numbers.
Last week, This is Money exclusively revealed the prefixes of the first new notes, which are are CA01 for £5 notes, HB01 for £10 notes, EH01 for £20 notes and AJ01 for £50 notes.
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The most valuable £5 notes are those with low serial numbers beginning with CA01, which collectors and members of the public alike are on the hunt for.
Earlier this week, This is Money revealed that a King Charles £5 note with the serial number CA01 000003 was up for auction in lot one at the charity auction
This is the lowest serial number of a new £5 note available to members of the public, Spink & Son confirmed.
The first £5 note with the serial number CA01 000001 is in the hands of King Charles III and This is Money understands that the second note, with CA01 000002, belongs to Queen Camilla.
This is Money - who attended the auction - can confirm this £5 note with the serial number CA01 000003 has sold for £11,000 at auction, to a bidder in the room rather than someone online.
The note had an estimate of between £3,000 to £5,000, but one bank note expert This is Money spoke to ahead of the auction said it would far exceed its estimate.
Simon Narbeth, of bank note seller Colin Narbeth & Son, thought it would go for £13,000 - so he was closer to the sold price than the estimate.
When the next charity auction of £10 notes take place on 27 June, collectors will be able to get their hands on a £10 note featuring an even lower serial number of HB01 000002.
This the lowest serial number to feature on a £10 note after the King's own first £10 note, which has the serial number HB01 000001.
Because of this, Mr Narbeth expects that the HB01 000002 £10 note could fetch as much as £20,000 due how rare an opportunity it is for collectors to be able to get hold of a note with such a low serial number.
The auction of new £20 notes will take place on 11 July and an auction of new £50 notes will take place on 25 July.
Live at the auction...
Note and glory: Helen Kirrane got to see the note in the flesh in Mayfair
The auction room at Spink & Son in Mayfair hums with excited activity, writes This is Money savings and banking correspondent Helen Kirrane.
It is much busier than usual, I am told by an associate at the auctioneers, for a bank note auction.
But this isn't just any bank note auction.
In the room is Sarah John, Bank of England's chief cashier, professional bank note buyers, private collectors and bank note experts.
Everyone is gathered to attend a Bank of England charity auction of new £5 notes featuring King Charles for the first time.
The fivers in this auction have some of the very first serial numbers.
Before the auction has even begun, the jewel in the crown - a £5 note with the serial number CA01 000003 - has a bid of £7,500 on it from pre-bidding.
This note was supposed to go to Rishi Sunak andis the lowest serial number on a £5 note Spink & Son have ever auctioned.
After a flurry of bids, Sarah John puts the gavel down at £11,000 on the note.
The buyer in the room is now in possession of the £5 note with the lowest serial number after the King and Queen Camilla, owning a slice of bank note history.
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