Despite the high price of gold at the moment, in McTear’s Coins & Banknotes Auction on 3 July it was a banknote that stole the show. Lot 506 was The Caledonian Banking Company Ltd £1 note dated 1876. Based on precedent and taking its worn condition into account, a modest estimate of £100-200 was given.
The note soared past this however and achieved £2200 including fees and went to a private Edinburgh-based buyer. Coming a close second and third were two gold coins, lot 605 was a Krugerrand that made £1200 including fees. Lot 613, a gold £5 coin, sold to another private Edinburgh based collector and also made £1200 including fees.
McTear’s sells more coins and banknotes than any other Scottish auction house in the dedicated auctions that take place twice monthly, run concurrently live online on a platform that attracts six million visitors annually from over 120 countries worldwide.
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