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Rare historic bank notes to be sold

bank note

bank note

Rare bank notes produced during the 18th and 19th centuries, in Bury St Edmunds, will be auctioned tonight.

Rare bank notes produced during the 18th and 19th centuries, in Bury St Edmunds, will be auctioned tonight.

The twelve bank notes are expected to fetch between £2,500 and £3,500 when sold by London auctioneer Spink.

In the late 1700s and early 1800s hundreds of privately-owned banks throughout England and Wales issued their own bank notes.

Barnaby Faull, head of the bank notes department at Spink, said: “All towns and cities used to issue their own bank notes.

“Merchants would get together and set up their own banks but their notes, which were like IOUs, could only be used locally so when many of these provincial banks went bust their notes became completely worthless.”

 

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