Rare Jersey banknotes fetch £24,500

A SALE of old and rare banknotes owned by millionaire businessman and philanthropist Sir David Kirch fetched £24,500 this week.

St Mary's Parochial Bank note belonging to Sir David Kirch's collection (27261658)
St Mary's Parochial Bank note belonging to Sir David Kirch's collection (27261658)

Dozens of notes from now defunct banks of the 1800s and 1900s, as well as notes issued during the Occupation, went under the hammer at Dix Noonan Webb in London.

The funds raised are to be paid into the Sir David Kirch Charitable Trust, which is used to help the elderly and vulnerable.

The top lot was an extremely rare £1 note from St Mary’s Parochial Bank, dated 1901, which went for £1,600. It had an estimate of £1,500 to £2,000.

Andrew Pattison, head of the banknotes department at DNW, said: ‘This was a solid sale which went broadly as expected.

‘Several high-profile lots went to overseas buyers which is interesting as traditionally Jersey has only been interesting to those in the UK and Channel Islands.’

The estimate for the whole batch was between £25,000 and £33,000.

The same auction featured lots from the Yves Cataroche Collection of Guernsey notes, which sold for a total of £41,000.

‘This material was significantly more popular than expected, with some extremely high prices. Much of it went back to the Channel Islands,’ said Mr Pattison.

The Jersey notes formed the second batch to be auctioned by Sir David, who made his fortunate in the property industry. The first went under the hammer last March, raising tens of thousands of pounds for the trust.

Sir David has previously raised millions of pounds by selling off his main collection of Bank of England and British provincial notes, which was believed to be the biggest of its kind in the world.

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