First Bermuda banknote to feature Queen’s portrait to be auctioned in London – The Royal Gazette

Updated: May 31, 2022 07:55

A rare Bermuda five shilling bank note featuring a portrait of the Queen. (Photo from the Daily Mail)

A Bermuda note believed to be the first note in the world to feature a portrait of the Queen is set to fetch £500 when auctioned today.

The five shilling note was printed in October 1952, eight months after the Queen ascended the throne following the death of her father, George VI, in February of that year.

According to a report from the UK Daily Mail newspaper, it is unclear why Bermuda was the first jurisdiction to issue a banknote depicting the new monarch.

The article adds: ‘However, the banknotes were virtually identical to those of George VI’s reign, with his portrait simply replacing that of his father – and facing the reverse, a tradition of British coinage.

A rare Bermuda five shilling bank note featuring a portrait of the Queen. (Photo from the Daily Mail)

“Five shillings, or the equivalent of 25 pence, is worth about £5 in today’s currency, according to the Bank of England. »

The Bermuda bill is one of 500 historic banknotes, all featuring a portrait of the Queen, set to go under the hammer at Noonan auctioneers in Mayfair, central London.

Thomasina Smith, an auction house expert, told the Daily Mail“We are delighted to time this sale to coincide with the Queen’s Platinum Jubilee celebrations.

“No other monarch has featured on such a wide range of ratings from so many countries.

“Not only do they depict her throughout the 70 years of her reign, but stylistically they are wonderful works of art, showing the progression and history of the banknote.

“The sale will feature banknotes from all corners of the Commonwealth and there will be examples from every country on which the Queen’s portrait has appeared.”

The auction includes banknotes from other overseas territories which are expected to fetch thousands of pounds.

A ten shilling note issued by the Bank of Rhodesia and Nyasaland – now known as Zimbabwe and Malawi – dated May 27, 1957, is expected to sell for around £700.

A Belize $100 note from the 1980s is estimated to sell for £1,800, while an Australian $4 note from the 1990s is worth around £1,000.

A British Caribbean Territories $5 note is expected to sell for over £1,000.

Last year, a collection of Bermuda banknotes sold for more than $7,000 at auction in the United States.

Comments are closed.