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Cash made money for charity as interest from banknote collectors in East Asia helped push up the bidding at a Bank of England auction.

One £50 note was sold for £820 in the auction because it had the serial number AA01 000888.

Early serial numbers on new notes are popular among collectors and the number eight is considered lucky in many countries of East Asia.

The auction raised more than £50,000 for charity, the Bank said.

The amount raised was much higher than the pre-sale estimate of £33,000.

The proceeds will go to the British Association for Adoption and Fostering, and the Kids Company.
'Flourishing'
The auction was run by specialists Spink, which waived commission for the auction.

(read more: http://www.bbc.co.uk/news/business-19755936)


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