Hibernian Ploughman Five Pound notes selling inexpensively

Old stuff, shredded and burned.
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Mac
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Hibernian Ploughman Five Pound notes selling inexpensively

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This Hibernian Five Pound note recently sold for $258.50.

Hibernian Bank Ploughman £5 notes are currently selling very cheaply in the Heritage auctions.
Three recent results are $352.50; $258.50; $411.25. All three of these notes were vg to fine grade (graded as VF20 in the plastic packets by PMG). These are cheap, with some of the prices approaching those of £1 notes in similar grade.

Regardless of the fact that there have been a lot of Hibernian £5 notes up lately, the Hibernian remains one of the less common banks overall, in terms of obtaining a note from the bank, with its position relative to that of other banks remaining largely unchanged.

52 Hibernian £5 notes were added to the Ploughman Scan Survey (PSS) database from 01.01.16–22.06.17. Of these, 46 were from the Heritage auctions. They represent approximately one third of all the Hibernian £5 notes recorded in PSS.

The way in which they were put into auction initially caused the price to collapse, with 24 Hibernian £5 notes being offered in the same sale, all with high estimates. With prices down currently, the result is that good value can now be had by collectors in these auctions.
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ThePloughman
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Re: Hibernian Ploughman Five Pound notes selling inexpensively

Post by ThePloughman »

Bargaintime to some extent. When they dry up, values will go up a bit, not as much as they were a few years ago, but certainly a bit more than now. (Hope so, I've got an album full of em!)
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Mac
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Re: Hibernian Ploughman Five Pound notes selling inexpensively

Post by Mac »

More might turn up in the next auction!
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