Skip to comments.Elderly Dales man banks £410,000 after rare notes found in his house clearance[UK]
Posted on 10/01/2009 10:59:45 AM PDT by BGHater
Clearing out your home can uncover all sorts of trinkets long forgotten, but for one resident of the Yorkshire Dales it led to the discovery of six genuine treasures he never knew he had. And now the rare Australian banknotes hiding under the lining paper of his chest of drawers have fetched a staggering £410,490 at auction.
The elderly owner in his 80s, who wants to remain anonymous, was due to move into a retirement home and called in his local auctioneers to go through the house and see what they could sell for him.
Rodney Tennant, of Tennant's Auctioneers, tasked with the job explained: "It wasn't a big house, but there was so much clutter to get through. Three or four weeks in we had cleared most of the house and then we spotted the lining paper in a chest of drawers and had a look underneath it."
Lying undisturbed and in mint condition were a series of 1913 Commonwealth of Australia banknotes.
"You would have never known they were there." said Mr Tennant. "They were laid out flat so there was no ripple or bump in the paper covering to indicate something was hidden. There was no way of telling how long they had been there."
"Frankly, it took a long time to persuade him the notes were his," said Mr Tennant.
"He simply didn't know they were there. I asked him how long he had had the chest of drawers. He said 'all my life, at least 50 years'."
Mr Tennant eventually convinced the owner, described as "eccentric", they were his notes and put him in touch with specialist auctioneers Spink. They informed international collectors and set up an auction.
The notes were issued in Australia and specimens were strictly rationed with allocations to private individuals almost unheard of, leading to the high price.
Awesome. £410,490.00 = $654,581.38
Perhaps an “upgrade” in his selection of “retirement home”?
Not quite the same, but we recently had a thread on someone who had a number of $20 US gold pieces from 1933 stashed away in a safe deposit box. Since FDR had withheld these from the public, they are exceedingly rare -- and illegal to own, which is why our US government just pocketed them (they're worth millions).
that’ll buy a lot of Foster’s Lager!
Perhaps you’d be kind enough to explain why these are so valuable.
Thanks in advance.
His real luck was finding an honest auctioneer.
From the article:
“The notes were issued in Australia and specimens were strictly rationed with allocations to private individuals almost unheard of, leading to the high price.”
Yeah, but they still operate on a handshake over there.
Lots of Emu Stubbies or Swan Lagers as well!
Hey, nice!...the rare Australian banknotes hiding under the lining paper of his chest of drawers have fetched a staggering £410,490 at auction.Just adding to the catalog, not sending a general distribution.
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