Rare Liverpool £500 note sells for £12,000


04 April 2019
A rare £500 Bank of England note issued in Liverpool in 1936 recently sold for £12,000 in an auction of British and Irish Banknotes at Dix Noonan Webb, in London.

The fine example was estimated to fetch £8,000-12,000 and is one of only ten to fifteen examples known to be in private hands.

Andrew Pattison Head of Department, Banknotes at Dix Noonan Webb, said:

'This first dedicated sale of British and Irish material at DNW achieved an excellent overall result of over £360,000 (including Buyers Premium). Bank of England material from all eras and at all price levels was extremely strong, with several notes hitting the £10,000 mark. Early Irish notes are enjoying something of a renaissance as well, with stronger than average prices achieved for many of the rare and more common items alike. The first part of the Sir David Kirch Collection of Jersey also achieved some excellent prices, particularly for the rare or unique early material dating back to the early 1800s.'

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Other highlights of the sale included a very fine example and exceptionally rare wartime £1 note from the States of Guernsey, £1, dating from 15 October 1918, which sold for £9,600 against an estimate of £4,600-£5,500, and an extremely rare Bank of England, £5 dating from 13 August 1833, which sold for £11,400 (Est: £7,000-9,000).

A Bank of England, £5 from Newcastle on Tyne, dated 16 July 1889, one of only two examples known in private hands, sold for £10,200.