England note featuring King Charles has been auctioned for 9 cr, over 11 times its actual value.

The face of King Charles III on the first banknotes has been sold for £914,127 in an auction, confirmed by The Metro. The banknotes, which came into circulation in June, now have a value of £78,000. The newly issued notes are £5, £10, £20, and £50.

These banknotes, which came into circulation in June, carry a face value of 78,000 pounds and include the newly issued 5 pounds, 10 pounds, 20 pounds, and 50 pounds notes.

Collectors are enthusiastic about such things. A single £10 note fetched an auction price of £17,000 just because it had the attractive serial number HBO100002, as reported by the BBC. A sheet of £50 notes has set a new record by being sold for £26,000, as per the news outlet.

The outdated notes were asked to be returned by the banks, which had the face of Queen Elizabeth, before issuing the notes with the face of King Charles. Charles has become the second British monarch to be the face of England notes.

The previous note is still usable and remains in circulation featuring Queen Elizabeth II. To maintain the smoothness of the transition, new notes are issued to replace old and worn-out ones, and the only detectable change is the face of King Charles. No other changes have been made.
The discussion on featuring Charles took place in Buckingham Palace for approval.

Queen Elizabeth, the mother of Charles, has been the face of England's banknotes since 1960.

The money raised from the auction will benefit various charities. The conclusion drawn from this incident is that collectors have a keen interest in the lowest serial numbers, especially those near 00001.

Sarah John, chief cashier and executive director of banking at the Bank of England said: "I am thrilled that the auctions and public ballot of low-numbered King Charles III banknotes have raised a remarkable 914,127 pounds that will be donated to 10 charities chosen by Bank of England staff. Each charity does incredible work, and the money raised will have a positive impact on people across the UK." quoted by NDTV.