A new £10 note featuring author Jane Austen has been sold at auction for £7,200, earning significantly more than its pre-auction valuation.
The tenner with the serial number AA01 000010 was sold for 720 times its face value by auctioneers Spink of London.
The guide price for the banknote was between £2,000 and £3,000.
A number of new polymer £10 notes were up for grabs at the auction, with the AA01 000011 note raising £5,200 and AA01 000014 being purchased for £3,500.
These notes were auctioned on behalf of the Bank of England to raise money for Macmillan Cancer Support and children’s charities Candlelighters and Haven House Children’s Hospice.
The new tenner is not the only banknote to fetch a hefty sum at auction in recent times. A Winston Churchill £5 note with the serial number AA01 000017 was sold at auction for £4,150 in October 2016.
The new polymer tenner has been launched to replace the paper £10 note, which features scientist Charles Darwin. The Bank of England says the current paper £10 will cease to be legal tender in spring 2018. While it has yet to set an exact date, it says consumers will be given at least three months’ notice of the withdrawal date.
The paper £5 note, featuring social reformer Elizabeth Fry, ceased to be legal tender in May 2017 while a new polymer £20 note is to be launched by spring 2019. It will feature artist JMW Turner, replacing the current paper note which has economist Adam Smith on the reverse.
Hi Hilton, the new £20 note with JMW Turner will be released in spring 2019 with the current Adam Smith note being phased out in 2020.