Banknote at auction

A FIVE pound note with a Hadleigh connection is likely to be sold for more than £800 at auction on Monday.

The note, described as “very fine, attractive and rare” goes under the hammer in London as part of a lot of hundreds of banknotes being sold by Spink, which specialises in collectables, including coins, medals, stamps and banknotes.

The £5 note was printed by the then Hadleigh Bank, one of many provincial banks around the country which existed in the 1800s.

In the late 1890s, it became part of the present-day Barclays Bank, which still has a branch in Hadleigh today.

The note was issued on January 6, 1890, and is black and white with an image of a fortified gatehouse in the top left corner. The note was for Mills, Bawtree, Dawnay, Curzon and Co.

A spokeswoman for Spinks, based in Bloomsbury, London, said: “The note is part of a big lot of more than 2,000 items and banknotes for sale at the auction on Monday.”

According to the UK Banknotes website, provincial banks were only permitted to issue notes so long as they did not have an office in London. Notes issued by provincial banks have now become collectors’ items.

The last of the English provincial banks was Fox, Fowler of Wellington Somerset, which ceased in 1921 when the bank became part of the Lloyd’s group.