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Auctions of early King Charles bank notes raise $1.17 billion for charity
LONDON — Auctions of King Charles III bank notes with low serial numbers have raised £914,127 ($1.17 million) for charity, according to the Bank of England.
A £50 sheet was auctioned for a record-breaking £26,000, while a single £10 note with the serial number HB01 00002 was sold for as much as £17,000, the BOE said in a statement on Monday.
Four auctions took place over the summer — for £5, £10, £20 and £50 notes — with the proceeds set to go to a range of charities. This includes the Bank of England’s three ‘charities of the year’ as well as seven others that have not benefitted from charity auctions of banknotes since 2016.
Charities included those providing support for mental and physical health concerns, children living in poverty, people experiencing hunger, the environment and animals.
Each charity received just over £91,400 of the proceeds, the BOE said.
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