United Kingdom

4063 readers

59 users here now

General community for news/discussion in the UK.

Less serious posts should go in [email protected] or [email protected]
More serious politics should go in [email protected].

Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.

Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.

Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.

If you think "reputable news source" needs some definition, by all means start a meta thread.

Posts should be manually submitted, not by bot. Link titles should not be editorialised.

Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.

founded 1 year ago

MODERATORS

[email protected]

King Charles banknotes go for 11 times face value (www.bbc.com)

submitted 2 months ago by [email protected] to c/[email protected]

3 comments fedilink hide all child comments

Banknotes with a face value of £78,430 have raised more than 11 times that amount for charity following a series of auctions.

New £5, £10, £20 and £50 notes featuring King Charles III entered circulation in June.

A full set of the first issues were presented to the monarch, but hundreds of other low serial numbered banknotes have gone under the hammer.

One single £10 note with the serial number HB01 000002 sold for £17,000 during bidding.

During another lot, a sheet of 40 connected £50 notes - with a face value of £2,000 - sold for £26,000. That was a record for any Bank of England auction.

The four sales run by auctioneers Spink in London raised £914,127 in total.

Collectors seek banknotes which come as close to the 00001 serial number as possible, hence the large amounts raised.

...

The proceeds will be shared equally between 10 charities chosen by the Bank:

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 20 points 2 months ago (1 children)

Jesus Christ. Some people really do have more money than sense.

[–] [email protected] 15 points 2 months ago (1 children)

It's a charity auction, there are much worse things for rich people to waste their money on!

[–] [email protected] 5 points 2 months ago

Yep, at least it's not randos selling notes with "AK 47" on them for £5000.