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

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

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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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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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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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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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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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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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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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DNW Auction of Paper Money.
Thursday 26 August 2021. British, Irish and World Banknotes.

Lot 240, National Bank Limited, £5, 5 October 1925 in VF grade. Est £2,600. Sold for £8,000 in a sale of heavily contested Lots!
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DNW got some very good results for many of its Irish banknotes in this sale. The market for scarce or rare early Irish notes in nice grade continues to be strong. All the rare notes in this sale did well, with some of them selling for well above the higher estimate.

The two National Bank notes, £1, 1919 and £5 1925 were exceptionally nice grade examples of seldom-offered rare issues. This was reflected in the prices realised for each of them.

The other exceptional item int he sale was the Oriental Bank Corporation, Hong Kong, $5, 1 June 1860, which sold for £130,000, more than double the higher estimate.

Joint-stock Bank Notes:
Lot 220, Bank of Ireland, £5, 27 January 1919. Est £8,000. Sold for £8,000. This is very close to the price it sold for in DNW in 2009. At least two bidders.
Lot 221, Bank of Ireland, £1, 10 April 1922, serial number 10A 000002, Hinton signature. Est, £1,600. Sold for £1,600.
Lot 235, Belfast Banking Company Limited, proof £1, ND (1908-10) - a rare example of a later Belfast note in proof form, seldom seen. Est £240. Sold for £800. A good result which reflects the scarcity of Belfast Bank notes in better grades.
Lot 239, National Bank Limited, £1, 1 August 1919 in EF grade. Est £2,600. Sold for £6,500.
This banknote attracted a lot of interest from several bidders. The final price reflects the scarcity of the banknote by Type - small size Nationals with branches are very scarce - and reflects the exceptional grade of this particular note, by far the nicest example known.
Lot 240, National Bank Limited, £5, 5 October 1925 in VF grade. Est £2,600. Sold for £8,000. A very good result for this note which reflects its rarity as a Type and its exceptional grade. Several bidders.
Lot 254, Provincial Bank of Ireland Ltd, cancelled £1, 1 January 1918. Est £100. Sold for £70. One bidder.
Lot 255, Provincial Bank of Ireland Ltd, £3, 3 May 1905. Est £4,000. Sold for £7,000. A solid price. At least two bidders.
Lot 259, Provincial Bank of Ireland Ltd, £10, 10 November 1944, serial number N73218. GVF. Est £150. Sold for £180, quite a bargain.
Lot 264, Ulster Bank Limited, £1, 1 December 1924. A solid VF Est £2,600. Sold for £6,000. A solid price for a very rare issue in nice grade.

Ploughman Notes:
Lot 269, Royal Bank £1, and Lot 270, Ulster Bank £1.
Lot 268, Currency Commission, Northern Bank Ltd, £10, 6 May 1929, serial number 01 0T 007335. Est £12,000. The Northern tenner had no takers at an opening bid of £10,000.
Lot 269, Currency Commission, Royal Bank £1, 5 June 1939. Est £300. sold for £380.
Lot 270, Currency Commission, Ulster Bank, £1, 24 August 1932. Est £300. sold for £420.

Lavery Notes:
Lot 271, 10 Shillings, pre-production proofs of the 1938 Currency Commission Ireland notes. Sold for £700.
Lot 272, £5, pre-production proofs of the 1938 Currency Commission Ireland note. Sold for £650.
Lot 274, £10 respectively, pre-production proofs of the 1938 Currency Commission Ireland note. Sold for £900.
Lot 275, Central Bank of Ireland, 10 Shillings, 12 December 1945, serial number O1J 013341. One of only two examples known of this rare key date, the lower grade example. Fine. Est £1,000. Sold for £1,000.

Later Notes:
Lot 287 Central Bank of Ireland, C Series replacement £100, 1996, AAK 000009, Est £1,000. Sold for £1,100.
Lot 288 Central Bank of Ireland, C Series replacement £100, 1996, KKK 000009, Est £1,000. Sold for £1,300.

Hong Kong:
Lot 503. Oriental Bank Corporation, Hong Kong, $5, 1 June 1860, serial number 20465. This is the earliest known fully issued banknote of any denomination for Hong Kong. Est £30,000-£50,000. This banknote glowed, selling for £130,000 after being fought over by at least two bidders.
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A Northern Banking Company £1 note in About Fine grade fetched 1300 Euro plus fees in Victor Mee's back in April 2021.
It is a presentable example of a rare note.
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DNW Auction of Paper Money
Thursday 25 November 2021. British, Irish and World Banknotes


This auction was full of fresh offerings of Irish notes, many of which have never been on the market previously, or have not been seen in over a decade.

The sale had 180 Lots of Irish notes, including the first part of the Gus Mac Amhlaigh collection of Irish Banknotes.
Gus Mac Amhlaigh contributed many illustrations to irishpapermoney.com. His collection includes a lot of early notes of the Northern Ireland Issue, as well as a good range of Ploughman notes. Some of these were offered in this sale.

Prices were solid overall. Rarer notes in decent grade did well, with a few notes doing very well. A few lower grade notes did not sell.

Generally, unless a note is very rare, banknotes of the Bank of Ireland and Provincial Bank of Ireland tend to fetch lower prices, due to the greater availability of notes from these two banks.


Lot 200, Bank of Ireland, £1, 19 August 1918. GF. £440
Lot 196, Bank of Ireland, £1, 24 March 1884. GF-VF. £2,200.
Lot 207, Bank of Ireland, £10, 14 Jan 1924, £1,100. AVF. An unusually nice example of the 1924 tenner, selling slightly below estimate.

Lot 226, National Bank Limited, £1, 1 August 1924. £950
Lot 227, National Bank Limited, £5, 6 May 1929 VF. £2,200
Lot 232, Northern Banking Company Limited, £5, 1 November 1916. £2,000

Lot 256, Provincial Bank of Ireland Ltd, £1, 1 July 1921, £1,100

Lot 270, Ulster Bank Limited, £1, 1 December 1927, serial number 1300208, rubber stamp overprint ISSUED IN NORTHERN IRELAND AFTER 6th MAY 1929, original about fine. £1,500.


Lot 324, Central Bank of Ireland, £20, 6 August 1943, War Code. Fine. £4,200.
Lot 238, Central Bank of Ireland, £50, 4 May 1954, GVF. £1,700.

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Prices realised for the Ploughman notes were steady, and in line with the current market, with the exception of Lot 291, a Specimen £20 note.

Lot 291, Ploughman Currency Commission, Bank of Ireland, specimen £20, 5 September 1978. EF. £42,000.
The price realised for this note is far in excess of current opinion as to its value (Estimate was £2,600-£3,200). Sometimes things do very well in auction.

There are more Ploughman Specimen notes coming up in the next DNW auction. It will be interesting to see what levels of prices they will attain.
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A roundup of 2022!

DNW Auction of Paper Money
Thursday 24 February 2022. British, Irish and World Banknotes


Two significant collections of Irish notes formed the backbone of the 176 Lots of Irish notes on offer which covered all eras of Irish banknotes.

There were some decent bargains to be had among a generally solid result for the Irish notes in this auction, while several Lots in this sale realised groundbreaking prices.

Lot 286. Bank of Ireland, £5, 10 August 1920 - £2,200, VF - A solid price for a scarce note.
Lot 311. National Bank Limited, £1, 2 September 1921 - £400, VG - This is the first date for post-multibranch £1 notes of the National bank.
Lot 318. Northern Bank Limited, £1, 1 May 1929, serial number N-I/A 000040, GF - £120. A nice bargain for the buyer, considering the first prefix low number of the note.
Lot 337. Provincial Bank of Ireland Ltd, £1, 1 August 1919, About Fine - £700. A decent bargain here.
Lot 337. Ulster Bank Limited, £5, 1 June 1916, GF - £1,500. A good strong price for a relatively common scarcity.

Prices realised for the common bank Ploughman notes were generally at the high side of normal.
Several specimen notes were on offer, including a £50, and £100, which both achieved results far above their estimates of £5,000-£6,000.
Lot 410. Currency Commission, Bank of Ireland, specimen £50, AU - £26,000.
Lot 411. Currency Commission, Bank of Ireland, specimen £100, AU - £26,000.
A super result for these two notes.
Lot 418. Currency Commission, Provincial Bank, £10, 17 July 1939, serial number 01PT 035243. One of three examples of the Kennedy signature £10 Ploughman. VF writing on reverse. - £11,000 realised, a very good result for a lower grade example which pushes the value of the note up by around 25%. This note was first recorded in the 1990s.

Lot 379. 10 Shillings, 9 August 1939, About VF - £550.
Lot 380. £5, 7 February 1939, AU water stained - £400. A good price. There is a run of around ten of these notes in sequence. The stain damage on this example is at the more severe end of the group.
Lot 430. Currency Commission, Irish Free State, £50, 10 September 1928, GEF with signature of De Valera written on face - £10,000. Dev’s signature knocked around £5,000 off the numismatic value of this note!
Lot 431. Currency Commission, Irish Free State, £50, 10 September 1928, AU - £32,000. A truly exceptional result, fully twice the expected value.


Lot 444. Central Bank of Ireland, £100, 16 January 1963, mulburry serial number 01Z 066787, Muimhneachain and Whitaker signatures, GEF - £1,700. A good premium price for this scarce dark mulberry note.

Lot 390. Central Bank of Ireland, £100, 22 August 1996, serial number AAK 000060. AU - £950. Hammer prices for these are always good, and are edging close to the £1,000 mark!
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DNW rebranded itself as Noonan’s Mayfair shortly before this sale.

Noonan’s Auction of Paper Money
Thursday 26 & 27 May 2022. Banknotes


Lot 184, Bank of Ireland, £1, Dublin, 3 March 1840, nice Fine - £8,000. One of three examples of the £1 note of this type recorded in private hands.
Lot 188, Bank of Ireland, £10, 18 December 1917, original Fine - £1,500. A good solid price for the most common bank for large size pre-1922 £10 notes
Lot 196. Bank of Ireland, £10, 10 October 1925, original About Fine - £1,200. A strong price for the type which reflects the scarcity of the 1925 fractional prefix notes.
Lot 212. The National Bank Limited, £10, 10 August 1914, Fine - £3,800. A strong price.
Lot 213. The National Bank Limited, £5, 5th November 1924, VG to Fine - £2,400. A very strong price for a low grade note which reflects its general scarcity.

Lot 269. Currency Commission, Bank of Ireland, colour trial £100, 5 September 1978, AU with usual TDLR mounting stain on reverse - £10,000. A very strong price for a De La Rue specimen Ploughman £100.

Prices for other Ploughman notes were generally strong, reflecting the general trend seen in other sales.

Lot 291. Currency Commission, Irish Free State, £100, 9 December 1937 - £1,300. Somewhat of a bargain here for the buyer. The 1937 £100 note is a difficult ntoe to find in better thanVG grade.
Lot 309. Bank of Ireland, £20, 9 May 1929, VF graffiti on face - £1,600.
Lot 334. The National Bank Limited, £3, 3 October 1913, serial number 82528. Attractive Fine - £16,000. This is the finest known example of a National Bank £3 note

Interestingly, Lot 394 failed to sell at £12,000!
Currency Commission, Irish Free State, £50, 10 September 1928, overall GEF.
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DNW rebranded itself as Noonan’s Mayfair shortly before this sale.

Noonan’s Auction of Paper Money
Thursday 26 & 27 May 2022. Banknotes


Lot 184, Bank of Ireland, £1, Dublin, 3 March 1840, nice Fine - £8,000. One of three examples of the £1 note of this type recorded in private hands.
Lot 188, Bank of Ireland, £10, 18 December 1917, original Fine - £1,500. A good solid price for the most common bank for large size pre-1922 £10 notes
Lot 196. Bank of Ireland, £10, 10 October 1925, original About Fine - £1,200. A strong price for the type which reflects the scarcity of the 1925 fractional prefix notes.
Lot 212. The National Bank Limited, £10, 10 August 1914, Fine - £3,800. A strong price.
Lot 213. The National Bank Limited, £5, 5th November 1924, VG to Fine - £2,400. A very strong price for a low grade note which reflects its general scarcity.

Lot 269. Currency Commission, Bank of Ireland, colour trial £100, 5 September 1978, AU with usual TDLR mounting stain on reverse - £10,000. A very strong price for a De La Rue specimen Ploughman £100.

Prices for other Ploughman notes were generally strong, reflecting the general trend seen in other sales.

Lot 291. Currency Commission, Irish Free State, £100, 9 December 1937 - £1,300. Somewhat of a bargain here for the buyer. The 1937 £100 note is a difficult ntoe to find in better thanVG grade.
Lot 309. Bank of Ireland, £20, 9 May 1929, VF graffiti on face - £1,600.
Lot 334. The National Bank Limited, £3, 3 October 1913, serial number 82528. Attractive Fine - £16,000. This is the finest known example of a National Bank £3 note

Interestingly, Lot 394 failed to sell at £12,000! Currency Commission, Irish Free State, £50, 10 September 1928, overall GEF.
Finding buyers for high value items can sometimes be hit and miss, it would appear.
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