King Charles banknotes sell for 12 times their value as collectors scramble for early editions

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King Charles banknotes sell for 12 times their value as collectors scramble for early editions
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A record-breaking series of auctions of King Charles III banknotes has raised £914,127 ($1.2 million) for 10 UK charities, according to the Bank of England.

A record-breaking series of auctions of King Charles III banknotes has raised £914,127 for 10 UK charities, according to the Bank of England. The banknotes, auctioned by Spink & Sons over the summer, sold for 11.7 times their face value of £78,430 , as collectors snapped up some of the first versions of the new cash to roll off the printing presses.

” Britain’s Royal family also continues to attract interest. “Mementos of Royal history are as keenly sought after in 2024 as ever before,” Edmund told CNN. The money raised will go towards 10 charities chosen by Bank of England staff, including wildlife charity WWF-UK and the Trussell Trust, which supports food banks. The charities will receive £91,400 each.

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