A rare Irish £50 note from 1928 is expected to fetch up to £18,000 when it is auctioned on April 11.
The bank note, thought to be one of only 20 surviving examples available to private collectors, will be sold at an auction held by international money experts Dix Noonan Webb. The first set of notes from the newly-established Irish Free State, ranging from ten shillings up to £100, was issued on 10 September 1928.
Only 10,000 of the £50 versions were produced and as few as 20 are thought to have survived outside public collections.
While fewer of the £100 examples were printed, many more are still attainable.
The note bears the image of Lady Hazel Laverly, the wife of its designer Sir John Laverly, and is meant to represent the female personification of Ireland.
Despite being the first set of notes attributable to the Free State, the currency still had connotations with Sterling and has the words ‘Fifty Pounds Sterling Payable to Bearer on Demand in London’ printed on one of its lower panels.
The note is in surprisingly good condition and has been offered up by a vendor back in Ireland. It is the highlight of a strong selection of 100 Irish banknotes, which covers two centuries of Irish currency history.
Other important lots include a rare Royal Bank of Ireland £10 note dated 6 May 1929, estimated at £4,000 to £5,000, a scarce Belfast Banking Company £1 note from 1 May 1891, expected to fetch £3,400 to £4,000 and two Central Bank of Ireland £1 notes dated 29 October 1943, which are expected to bring in up to £2,000.