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King Charles III banknotes have increased in value, with a series of auctions earning almost £914,000 for charity—more than 11 times their face value.
The new £5, £10, £20, and £50 notes, which went into circulation in June, caused a frenzy among collectors, particularly those seeking low serial numbers.
Spink's auctions in London showed numerous high-value transactions.
A single £10 note bearing the serial number HB01 000002 sold for an amazing £17,000.
In addition, a sheet of 40 linked £50 notes priced at £2,000 sold for a record £26,000, the most ever at a Bank of England auction.
Collectors have demonstrated a special interest in notes with the desired 000001 serial number, pushing up prices dramatically.
The astonishing quantities raised indicate the strong demand and excitement with these new currency.
Sarah John, the Bank of England's top cashier, expressed her excitement with the large sums raised, calling the achievement "remarkable."
The recent auctions of banknotes featuring have raised an amazing £914,000, with the money going to eleven charity.
This is the first change in monarch on Bank of England notes since Queen Elizabeth II appeared on them in 1960.
