Unique £5 note from 1892 to be sold for £26,000 at auction.

Unique £5 note at auction

According to The Sun: A unique £5 note is being prepared for sale at an incredible price—over 5000 times its face value.

This note was issued by the Bank of England in Birmingham in 1892, and it was signed by the Chief Cashier Frank May.

Auctioneers assure that this is the rarest £5 note in Birmingham. The sale of this note is described as a 'once-in-a-lifetime opportunity' for collectors.

However, potential buyers will need significant financial resources as its value is expected to be around £26,000.

Andrew Pattison, head of the banknotes department at Noonans, noted:

“The note is being sold by a long-time collector of high-quality Bank of England notes, and we believe this is the rarest £5 note in Birmingham.”

“It is also likely to be the most expensive, as we fully expect it to reach or exceed its estimate. When we say this is a once-in-a-lifetime opportunity for collectors, we really mean it.”

The sale will take place on October 15.

Previous auction bids

Earlier this month, a rare 50p coin was sold for more than 5000 times its face value following a fierce bidding war on eBay.

The coin “Lines on the Face” from 2011, dedicated to the Olympic Games, was sold for a staggering £2,606.56.

This extremely rare specimen was one of 29 commemorative coins issued by the Royal Mint to celebrate the 2012 Olympics.

No less interesting was the recent sale of a rare 50p coin “Blue Peter” from 2009, which went under the hammer on eBay for £180—this is 360 times its face value.

The coin features an image of a person performing a high jump, created by eight-year-old Florence Jackson from Bristol.

Also at the beginning of the year, an ultra-rare 2p coin was sold for £750 at auction. This 1985 coin has a unique silver hue instead of the regular bronze.

Thus, auctions continue to surprise numismatics enthusiasts with new records. The sale of rare banknotes and coins generates significant interest among collectors, so a true excitement can be expected at the auction on October 15 with the sale of the £5 note.