Hibernian Ploughman Five Pound notes selling inexpensively
Posted: Thu Jun 22, 2017 2:04 pm
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.