Rare white 5 found note issued in 1913 fetches 1,700 pounds at auction

London, Sept 5 (ANI): A rare 5-pound note issued by Barnards Bank of Bedford in 1913 has fetched 1,700 pounds at an auction.

Bedford-based auctioneers W andH Peacocks sold off another white 10 pounds note, released by the bank in October 1906, for 900 pounds.

Both the notes contain the signature of partner T.H. Barnard and has a handwritten letter to the original purchaser signed and dated 1915, when the bank, established in 1799, closed.

"That's inflation for you," the Telegraph quoted saleroom manager David Fletcher as saying.

"It's interesting that Barnards bank went bust, but was then linked to the Westminster Bank and the National Bank, which of course were later Natwest, which became part of Royal Bank of Scotland which has also seen its problems.

"It's history repeating itself all over again," he added.

The items, owned by local man Harry Newman who died in 1985, also included some books and pictures.

According to the auction house, Newman was a familiar face at auction sales throughout the county and amassed a large collection of items. (ANI)