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A 1936 £500 Bank of England Note from Leeds Branch to be Auctioned for Potential £22,000"
According to Noonans auction house, a rare 1936 £500 note from the Bank of England's Leeds branch is set to go under the hammer and could potentially fetch up to £22,000. This note is unique as it is only the second of its kind to exist and the first to be put up for sale.
The note will be included in a sale of rare banknotes taking place on March 1st and 2nd. £500 notes were only ever issued by three branches of the Bank of England in London, Liverpool, and Leeds. Although some were issued in Birmingham and Manchester, none have been discovered. Of the available £500 notes, those from the Leeds branch are the rarest.
This note comes from a long-time collector and is signed by Kenneth O Peppiatt, the former Chief Cashier of the Bank of England. According to the head of the banknote department at Noonans, Andrew Pattison, this note is "indeed a fantastic" piece of history.
The note is expected to receive bids between £18,000 and £22,000. This rare item is sure to draw the attention of collectors and investors alike.
