Prices realised for Irish notes • Is that how much it's worth!?

General Topics on Irish banknotes • Shows • Auctions • Prices
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Mac
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Re: Prices realised for Irish notes • Is that how much it's worth!?

Post by Mac »

2019 has been a good year for scarcer Lavery notes in auction.
Three war code £20 notes were offered, all in nice grade. All three notes were sold for healthy prices, showing a solid demand for the note at higher price levels.


In their April 2019 auction, Whytes of Dublin offered two 1943 war code £20 notes: 8.3.43 (Nice VF) sold, including fees, for €13,041; and 7.6.43 (About VF) for €7,949. The notes are new to the census, though the dates were previously recorded.
In the same sale two 1950 £20 notes in nice Fine grade were sold for €500 each plus fees.


In its September 2019 auction DNW also sold a 1943 war code £20, 23.12.43 (Nice VF), for £10,304 including fees.

In the same sale a rare £50 note dated 22.4.54 (VF) was sold for £4,636.
This is the first nice Redmond signature £50 to be offered in many years (Sotheby's, 1995 is the last time I saw a VF grade example in an auction). There were several nice Lavery £100 notes which also did well in this sale.

Also in this sale, a cleaned Knox signature Northern Bank £1 Ploughman note, dated 10.6.29 was sold for £3,091 including fees.
The most expensive Irish note in the sale was a £50 blue De La Rue Ploughman Specimen (without the De La Rue stamp) which was sold for £12,236 including the fees. This is a very high price for such a note.

Demand remains very strong for scarce and rare Lavery notes in all grades.
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Re: Prices realised for Irish notes • Is that how much it's worth!?

Post by DOC »

Yes, very strong prices there for the rare Lavery notes. I am not surprised by the excellent result for the 1954 £50 with Redmond signature. This type is difficult to obtain in any grade and hardly ever appears in nice grade. It is time to update the price guide for this type which is probably more difficult to obtain than a 1928 £50 :)

Another interesting result in the DNW auction was the price achieved by the 1932 National Bank £1, part of the First Northern Ireland Series. This note in VG condition, achieved a price more than 3 times the estimate, £1900 (£2447 with fees). The strong price reflects the rarity of this note which is seldom offered.
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Re: Prices realised for Irish notes • Is that how much it's worth!?

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That's a very high price for that 1932 National Bank £1, considering that it was described as being heavily pressed.

DOC wrote: 15 Sep 2019 12:19 It is time to update the price guide for this type which is probably more difficult to obtain than a 1928 £50
The price guide has already been updated to reflect these auctions in the new edition of the catalogue, due out at the end of September!
the printage of the 1928 £50 and of the Redmond £50 notes is similar, at around 10,000 notes.
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Re: Prices realised for Irish notes • Is that how much it's worth!?

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Looking forward then to see the new edition of the catalogue :)
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Re: Prices realised for Irish notes • Is that how much it's worth!?

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This 1928 £20 Lavery note recently appeared on ebay, only the second example that I have seen offered for sale on this auction site. Despite the low grade, the note achieved a solid price of £1220.
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Re: Prices realised for Irish notes • Is that how much it's worth!?

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Good to see a rare note doing well on ebay.
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Re: Prices realised for Irish notes • Is that how much it's worth!?

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Some strong prices and also some bargains were to be had at the specialist DNW Auction of Irish Banknotes, on Thursday 12 March 2020.
The auction was lively, with very proactive bidding from room attendees, the internet, and phone bidders.


Generally, prices were solid for higher grade notes, and for some of the star items:
Lot 20, £20 Bank of Ireland, 1915, VF brought £3,000;
Lot 45, National Bank £5 note Northern Ireland issue, dated 6.5.29, a problem-free VF fetched £2,400;
Lot 157, 1933 Lavery £5 note fetching £3,100;
Lot 138, Northern Bank Ploughman £1, 1931, VF, £3,000;
Lot 154, 1928 £10, fetched £3,200, a strong price for an attractive example of the date;
Lot 168, a 10 Shilling note with the rare date 13.8.46 fetched £1,800, in line with the previous offering of a note of this date in April 2018.

An UNC grade sequential pair of 1991 KKK replacement £50 notes, was split into two lots, Lot 192 and Lot 193, both did well, at £1,100 each, reflecting the rarity of these notes in this grade.


Though most Ploughman lots sold, Ploughman prices were generally weak for lower grade items, and most of the Specimen and proof notes did no sell. Some bargains were definitely had among the £1 notes, and those of the Ulster, Royal and Northern did well.

Notable failures were Lot 155, £20 note 1928; and Lot 167, the 1943 war code £20, both of which ought to have found a home at their reserve prices.
Also, £20 replacement note EEE 000007 failed to attract interest.


As with past sales of Irish notes, the results show a strong market for rarer notes, and for scarcer notes in nice grade, especially £50 notes.
Higher grade notes in general did well.


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Re: Prices realised for Irish notes • Is that how much it's worth!?

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Interesting to see strong prices there for rare notes in good grade and in some cases rare notes in lower grade. I am surprised that the Lavery 1928 and 1943 £20 notes were not snapped up. I expect that they will eventually find a good home !
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Re: Prices realised for Irish notes • Is that how much it's worth!?

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Some of the smaller lots towards the end did very well also, two war code £1 notes in nice GVF fetching £240, and £260; and a 1976 00A replacement, UNC, fetching £220. These are good prices.
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Re: Prices realised for Irish notes • Is that how much it's worth!?

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DNW are continuing to keep their auctions going with a strong presence from internet and phone bidders.
Today’s auction of notes had 169 Lots of Irish notes, with almost all of them selling.


The Private banks struggled, but there were then some good prices among the Northern Ireland and Republic of Ireland notes.
There were some nice prices realised among the several hundred Lots of world notes also.

Some of the more interesting results among the Irish notes
Lot 245. Bank of Ireland £20, 1929 hammered at £1100.
Other notable items were four Northern Bank £1 polymer notes.
Lot 264 specimen £400
Lot 265 missing print error £180
Lot 267 serial number Y2K 000014 £320
Lot 266 was a more minor error with the serial number in th ewrong location which failed to attract a bidder at £80.

The Republic of Ireland notes did well, with good solid prices for the better grade Ploughman and Lavery notes on offer. A few lower grade notes did not sell.

Lot 281 and Lot 282 both pressed but attractive Hibernian Bank £1 notes each fetched £360, and a pressed Royal Bank £1 note, Lot 287 sold for £400.

A very low grade Northern £5 note went unsold, as did an overpriced low grade Royal fiver.
Lot 283 was the only Ploughman £10 note, a fine grade Munster & Leinster which fetched a healthy £1,100.


Lot 288 £50, 1943 in GEF fetched £3,400, with at least two bidders competing for it.
Lot 293 £100, 1972 start £900. £950

Lot 290 £50 1960 in about VF with writing on it was a bargain at £220.

A couple of C Series notes in UNC sold for respectable sums.
Lot 298 £10 1996 Serial number 999999 sold for £280
Lot 299 £100 1996 sold for £400


This sale also featured the last tranche of AIB-First Trust archival notes, which were sold for charity..
The specimens and proofs on offer sold steadily, with more interesting items doing well.

Be far the most interesting item in the sale was Lot 595A, an item quite likely to be unique, which sold for £8000.
First Trust Bank, a booklet containing an official De Le Rue proposal for a polymer £10 ‘2017 New Series’, featuring two different proposed designs. The booklet also illustrated the security features of the proposed notes.

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Re: Prices realised for Irish notes • Is that how much it's worth!?

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Lot 264 specimen £400


Lot 264 was surprising, I wasn't expecting them to go for that much. There are a couple of 'odd' (for want of a better word) specimens out there too, that I haven't seen listed before, here's one without the all-zero serial:

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Re: Prices realised for Irish notes • Is that how much it's worth!?

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Interesting to see an example of the Northern Bank polymer specimen note without serial numbers. The specimen note number is high so this note may be close to the end of the run for the specimen notes.

The First Trust booklet with the prototype designs for the new polymer notes is a fascinating item showing examples of the polymer issue which never made it to circulation. An important item reflected in the amazing hammer price of £8,000 !
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