2019-09-03 Tue

Dix Noonan Webb is going to offer many interesting British and Irish currency notes on 12th September in London. One of them is a £1,000 banknote issued by the Bank of England on 20th November 1936. Kenneth O. Peppiat’s signature is depicted on the note. He was the chief cashier of the Bank of England from 1934 to 1949. The note will be offered for an expected value of £24,000 and can be exchanged for face value even today. £1,000 was a very big amount in those days and people could have bought huge houses and other property in the UK by using it. Experts believe that not many would have even seen them because of its high denomination.

A very rare £50 currency note issued by the Bank of England on 6th May 1858, with a signature of Matthew Marshall, will be offered for an estimated value of £10,000 to £15,000. It’s graded Fine to About Very Fine by the auction house and has a slight tear on the lower right corner, as a mark of cancellation.

A £20 note issued by the Central Bank of Ireland on 22nd December 1943, with a wartime code letter A, graded Very Fine, will be offered for an expected value of £8,000 to £12,000. The “A” code stands for “Emergency Tracer Overprint Code” (ETO). It was used to track the delivery of cash from England to Ireland. The code letters were randomly selected. In case of an unexpected incident before the delivery, the entire batch was cancelled based on the code letter. All £20 notes had the ETO “A”. Experts believe that they were probably a part of a single batch that was delivered to Dublin.

Several interesting banknotes from the Isle of Man will also be offered. One of them is a £1 note issued by Parr’s Bank Ltd. on 1st June 1906, which will be offered for an estimated value of £4,000 to £5,000. Only 12 such examples are known today and one of them was last auctioned in 2006.

Image Courtesy: Dix Noonan Webb Auctions