Incredibly rare £100 banknote from a century ago that is selling for a staggering amount

A RARE £100 note from a century ago is set to sell for an eye-watering sum.

The note, which is said to be in ‘spectacular’ condition, could fetch up to £30,000, according to auctioneers.

The face value of the banknote is £100 and it is signed by Horace G. Bowen, who was chief cashier between 1893 and 1902.

Andrew Pattison, head of the banknote department at auctioneers Noonans Mayfair, said it was one of only two surviving banknotes worth more than £5 signed by Mr Bowen and issued outside London.

He added: “It would be a jewel in the crown of virtually any 19th century banknote collection.”

The sale is on Thursday March 14th at Noonans.

The Bank of England had a branch in Birmingham from 1827, which was moved three times before closing in 1997.

The sale also includes a variety of banknotes from English provincial banks and banks in Ireland, Scotland, Isle of Man, Jersey and Guernsey.

A £500 note from October 1929 has been sold at £20,000 – £24,000 and is the only known surviving £500 note signed by Basil G Catterns, who was Chief Cashier of the Bank of England between 1929 and 1934.

How to spot rare coins and banknotes that could be worth hundreds

Rare coins and banknotes hidden at the back of your sofa can be sold for hundreds of euros.

If you are lucky enough to find a rare €10 note, you may be able to sell it for several times its face value.

You can recognize rare notes by looking at the serial numbers.

These numbers are found on the side with the Monarch’s face, just below the £10 denomination in the corner of the banknote.

Even if you have a serial number on your note that is quite quirky, you can cash in thousands of euros.

For example, one seller pocketed £3,600 after finding a specific serial number on one of their banknotes relating to the year Jane Austen was born.

You can check if your notes are worth anything on eBay, just check ‘completed and sold items’ and filter by the highest value.

It gives you an idea of ​​what people are willing to pay for some banknotes.

But keep in mind that yours is only worth what someone else is willing to pay for it.

This is also the case for coins, you can determine how rare your coin is by looking at the most recent scarcity index.

The next one step is to look at what has sold on eBay recently.

Experts at Change Checker recommend looking at “sold listings” to ensure the coin sold for the specified amount rather than just sitting on the exchange.

People can list things for whatever price they want, but that doesn’t mean it will sell for that amount.

We further explain how to find out if you have a rare coin worth thousands at home.