- A new £5 note featuring King Charles III has sold for £11,000 at auction
- It has the third lowest serial number of a new £5 note, CA01 000003
- There was an estimate of £3,000 to £5,000
A new £5 banknote belonging to King Charles III sold for £11,000 at a Bank of England charity auction this afternoon and went to a British buyer. This is Money can reveal this.
The auction, held by Spink & Son on behalf of the Bank of England, includes 152 lots of new £5 notes featuring King Charles III.
The CA01 000003 £5 note was auctioned by Sarah John, Chief Cashier of the Bank of England, as lot one, with frenzied bidding both online and in 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 banknote with the serial number CA01 000003 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 country and entered circulation for the first time last Wednesday.
This auction is the first opportunity for collectors and the public to get their hands on new banknotes with ultra-low serial numbers.
Last week, This is Money exclusively revealed the prefixes of the first new notes, namely CA01 for £5 notes, HB01 for £10 notes, EH01 for £20 notes and AJ01 for £50 notes.
The most valuable £5 banknotes are those with low serial numbers starting with CA01, which are sought after by collectors and the general public alike.
Earlier this week, This is Money revealed that a King Charles £5 note with the serial number CA01 000003 was auctioned in lot one at the charity auction.
This is the lowest serial number of a new £5 note available to the public, Spink & Son confirmed.
The first £5 note with serial number CA01 000001 is owned by 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 that this £5 note with the serial number CA01 000003 was sold at auction for £11,000 to a bidder in the room rather than someone online.
The note had an estimated value of between £3,000 and £5,000, but a banknote expert This is Money spoke to ahead of the auction said it would far exceed the estimate.
Simon Narbeth, of banknote seller Colin Narbeth & Son, thought it would cost £13,000, so he was closer to the sale price than the estimate.
When the next charity auction of £10 notes takes place on June 27, collectors will be able to get their hands on a £10 note with an even lower serial number: HB01 000002.
This is the lowest serial number to appear on a £10 note, after the King’s first £10 note, which has the serial number HB01 000001.
Therefore, Mr Narbeth expects that the HB01 000002 £10 note could fetch as much as £20,000, as it is so rare for collectors to be able to obtain a banknote 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.