British Banknotes from the Collection of the Late Ray Harrod

The Exchequer, Five Pounds, 29 July 1697, bearing interest of a Farthing a day, signature of Sir Robert Howard, auditor of the Exchequer. Cancelled with inked X across middle, tiny hole at upper left, short tear in bottom edge, a couple of ink splashes and many endorsements on back, otherwise very fine, rare £600-800

This lot was sold as part of a special collection, British Banknotes from the Collection of the Late Ray Harrod.

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Interest-bearing Exchequer notes were introduced in 1696, two years after the opening of the Bank of England