An extremely rare £5 note is set to sell for £16,000 at auction.
The £5 note which was printed more than 120 years ago, dates back to July 12 1900 and was originally signed by Horace G. Bowen. He was the chief cashier at the Bank of England from 1893 to 1902.
It was first issued at the bank’s Leeds branch and has remained just one of just a few from its time that are still held in private hands. If the bank note reaches its highest estimate at auction, it will sell for more than 3,000 times its face value.
READ MORE: Rare 50p coin sells for £168 after sparking eBay bidding war
READ MORE: 18 of the rarest coins in the UK worth as much as £800
It is expected to reach as much as £16,000 at auction. Andrew Pattison, head of the banknote department at Noonans Auctioneers, said he was thrilled that the precious paper money was going under the hammer.
He added: “This is a great note. Very few Bowen notes are in private hands, especially from this exceptionally rare Leeds branch.
“The York hand stamp shows part of the journey of the note, issued in Leeds and paid into a bank at some point in York.” The auction, set to be held on October 12, will include several other sought-after Bank of England notes.
Get our best money saving tips and hacks by signing up to our newsletter
Win £100 worth of groceries at Aldi in celebration of 1,000th store opening