Approximately 421,500 twenty pound notes were printed
All high denomination banknotes were recalled after the Second World War. This was
gazetted in May 1945 as a national Security Regulation and it stated that after
August 31 1945 denominations of £20 and above would cease to be legal tender.
While this regulation never became law it had the effect of uncovering
nearly £5,700,000 in hoarded currency. At the end of 1945 the following notes
remained un-presented :
- £20 - 506
- £50 - 2,830
- £100 - 2,146
- £1,000 - 317
These notes only appear very rarely, so any valuations are largely hypothetical.
Lot 198 at the International Auction Galleries Auction 68 held on 21st September, 2008
was a r65b banknote [the note pictured above] - in F grading - which realised a price of $80,000
Lot 210 at the International Auction Galleries Auction 69 held on 8th March, 2009
was an r64 banknote - graded EF - which realised a price of $239,000
Lot 3277 at the Noble Numismatics Sale 91 held on 22nd July, 2009
was a r65b notes, in Fine condition, which realised a price of $108,000
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