A person holds a newly issued banknote with a portrait of the monarch outside the Bank of England in London, Britain.
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LONDON — An auction of low-numbered Charles III banknotes raised 914,127 pounds ($1.17 million) for charities, according to the Bank of England.
The BOE said a single 50-pound note sold for a record £26,000, while a 10-pound note with the serial number HB01 00002 sold for a whopping £17,000. Monday statement.
There were four auctions held over the summer for £5, £10, £20 and £50 notes, with proceeds going to a range of charities, including three of the Bank of England’s ‘Charities of the Year’ and seven charities that have not benefited from a banknote charity auction since 2016.
Charities included those providing support for mental and physical health issues, children living in poverty, the hungry, the environment and animals.
The BOE said each charity received more than £91,400 in revenue.
Britain’s King Charles III is pictured at Buckingham Palace in London on April 9, 2024, after being presented with a new banknote featuring the portrait of Charles III, which will enter circulation on June 5, 2024, by Bank of England Governor Andrew Bailey and Bank of England Chief Cashier Sarah John.
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The King Charles note first entered circulation in June and was the first note to feature a monarch other than Queen Elizabeth II, a tradition that began in 1960.
The note featuring Charles I was initially made public, but was later released after the death of Elizabeth I in September 2022.
Charles can be seen on the obverse of the £5, £10, £20 and £50 notes, as well as through a transparent security window on the note. The design otherwise remains the same, and historical British figures such as Winston Churchill and Jane Austen also appear.
The BOE previously said the new notes would only be printed to replace old ones and meet increased demand for the banknotes. The banknotes featuring Queen Elizabeth II are still legal tender.
