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HomeFinance'Extremely rare' £5 note up for sale could fetch an eye-watering £16,000...

‘Extremely rare’ £5 note up for sale could fetch an eye-watering £16,000 at auction

The £5 banknote, dated July 12, 1900, was first issued at the Bank of England’s Leeds branch and is one of a few that still exist, and could exceed its estimated value of £12,000 to £16,000

An “extremely rare” £5 note that was printed over 120 years ago could be sold for as much as £16,000 when it goes up for auction.

The £5 banknote, dated July 12, 1900, was first issued at the Bank of England’s Leeds branch and is one of a few that still exist. It was originally signed by Horace G. Bowen, who was the chief cashier at the bank from 1893 to 1902.

Andrew Pattison, head of the banknote department at Noonans Auctioneers, was overjoyed when news broke about the rare bank note going under the hammer: “Very few Bowen notes are in private hands, especially from this exceptionally rare Leeds branch.”

Whilst examining the note, Andrew realised a surprising detail that revealed some history about the note: “The York had stamp shows part of the journey of the note issued in Leeds and paid into a bank at some point in York.”

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