News from Spink

New £20 Notes Achieve High Prices In The Name Of Charity

Banknote enthusiasts gathered Friday night at the Bank of England to take part in an auction of primarily low-numbered £20 Adam Smith notes. The sale saw Barnaby Faull, Spink’s Director of Banknotes, auction over 200 lots on behalf of the Bank of England.

The auction totaled £36,700. Profits from the sale will be donated to two educational charities: the National Literacy Trust’s Reading Is Fundamental, UK initiative and the Cricket Foundation’s Chance to shine.

The highest result in the sale was realized by the first lot, £20 with serial number AA01 000007, which sold for £2100 to an anonymous bidder.

Andrew Bailey the Bank of England Chief Cashier whose signature appears on many of the banknotes auctioned, said, "I am delighted with the outcome of the sale and the opportunity it has given to further the work of two really worthwhile charities."

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. Holder of three royal warrants and numerous records for prices achieved at auction, Spink offers an unparalleled range of services to collectors worldwide.  Spink is headquartered in London and holds over 35 auctions a year around the globe.  In June 2006 Spink shattered the world record for a British Coin sold at auction with the sale of the Double Leopard Gold Coin for a staggering £460,000.

Public Enquiries:  020 7563 4000 – www.spink.com or info@spink.com
Images:  Spink Press Office on 020 7563 4009