News from Spink

Earliest Banknote of England up for Sale

Banknote of the World Sale

London, 27th April 2006

Please note that images are not actual size.

Spink are pleased to announce the sale of one of England’s earliest banknotes.  Expected to fetch between £25,000-35,000, it is believed to be the earliest note extant in private hands.

The note, dated 30 August 1705, is made payable to Mr Thomas Shipman or the bearer for the amount of 99 pounds, 7 shillings and four pence.  It is black and white on watermarked paper with a an ornate vignette in the top left hand corner of Britannia with olive spray, shield and staff, a beehive (industry) at her feet and surrounded by a border of 32 stars.  The text is partially printed, the serial number, date, payee and the amount entered by hand.  There are two manuscript signatures below and the note is cross cancelled by hand at the right. This note is one of the last of this type, in 1707 the design was altered and in 1725 denominations were printed for set amounts.  All Bank of England banknotes prior to the early 1800’s are extremely rare.

Condition notes:
The fabric of the note is still strong, the print and manuscript detail fresh, there  is a small hole at the centre (possibly due to spiking at the bank), signature torn off the low right (for cancellation) and segment missing low left, the body of the note is solid, a presentable example and of the highest rarity.

About Spink

Spink is the world’s leading auctioneer of coins, stamps, medals and banknotes.  Since its foundation in 1666, the Spink name has become synonymous with tradition, experience and integrity. Holders of three royal warrants and numerous records for prices achieved at auction, Spink offer an unparalleled range of services to collectors worldwide.

Public Enquiries:  020 7563 4000 – www.spink.com or info@spink.com

Images:  Spink Press Office on 020 7563 4009