# King Charles III banknotes raise £914,127 for good causes

- Link: https://fundraising.co.uk/2024/08/13/king-charles-iii-banknotes-raise-914127-for-good-causes/
- Published: 2024-08-13T09:00:00+01:00
- Author: Melanie May

**Auctions and a public ballot for King Charles III banknotes have raised £914,217
for ten UK charities this summer.**

Held by Spink & Sons for the Bank of England, four auctions took place, for £5, 
£10, £20 and £50 notes, with Bank of England Chief Cashier and Executive Director
of Banking, Sarah John, opening the bidding on the first lot for the £5 auction.

The benefitting charities are the Bank of England’s current three [charities of the year](https://www.bankofengland.co.uk/about/corporate-responsibility/charities-of-the-year):
[The Childhood Trust](https://www.childhoodtrust.org.uk/), [The Trussell Trust](https://www.trusselltrust.org/)
and [Shout](https://giveusashout.org/), as well as Carers UK, Demelza, WWF-UK, The
Brain Tumour Charity, London’s Air Ambulance Charity, Child Bereavement UK and Samaritans.
The additional seven are previous charities of the year that had not benefitted 
from the proceeds of a charity polymer banknote auction held since 2016. Each charity
received over £91,400.

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The auction broke the record for the highest lot sold in a Bank of England banknote
auction with a £50 sheet going for £26,000. This was followed by the £10 auction
where a single note with the serial number HB01 00002 sold for £17,000.  

![Bank of England King Charles notes](https://wfay6x.infiniteuploads.cloud/2024/
08/unnamed.jpg)

Sarah John, Chief Cashier and Executive Director of Banking said:

> “I am thrilled that the auctions and public ballot of low numbered King Charles
> III banknotes have raised a remarkable £914,127 that will be donated to ten charities
> chosen by Bank of England staff. Each charity does incredible work and the monies
> raised will have a positive impact on people and their communities across the 
> UK.”

The King Charles banknotes mark the first time the Bank of England has changed a
monarch on its banknotes. The late Queen Elizabeth II was the first monarch to appear,
beginning with its Series C £1 banknotes in 1960.
The banknotes are a continuation
of the current series with the serial numbers starting from the next available cypher
following those previously used for notes featuring Queen Elizabeth II.

 * **[Old-style £5 notes no longer legal tender from 21 November](https://fundraising.co.uk/2003/11/08/oldstyle-5-notes-no-longer-legal-tender-21-november/)**(
   8 November 2003)
 * **[Variations on Elgar notes](https://fundraising.co.uk/2010/03/09/variations-elgar-notes/)**(
   9 March 2010)
 * **[New design £50 note introduced](https://fundraising.co.uk/2011/11/02/new-design-50-note-introduced/)**(
   2 November 2011)