The note was issued by the Bank of England in 1936 and is the first of its kind to be auctioned.
The £500 notes were only ever issued from Bank of England branches in Leeds, Liverpool and LondonThe note had been expected to fetch up to £22,000 at auctionThe note is only the second of its kind known to existA rare £500 note from a branch of the Bank of England in Leeds has been sold at auction for £24,000.
The note, dated 1936, is only the second of its kind known to exist, and the first one to be put up for sale. Auction house Noonans said the "extremely rare" note, which had been expected to fetch up to £22,000, was bought by a major collector of Bank of England notes.Andrew Pattison, from Noonans, said the item came from a "long-term collector" and described it as "fantastic".
The £500 notes were only ever issued at three branches of the Bank of England - in London, Liverpool and Leeds, Mr Pattison said.Follow BBC Yorkshire on
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