Auction of first King Charles banknotes raises nearly £1m for charity

Collectors snap up 5, 10, 20 and 50 notes bearing king's head for 11 times monetary value, with one 10 note fetching 17,000

A special auction of some of the first banknotes to roll off the presses bearing King Charles III's face have raised more than 900,000 for charity, more than 11 times their monetary value.

Over the summer, Spink & Sons held four specialist auctions of the newly designed 5, 10, 20 and 50 notes, with the proceeds destined for 10 selected charities.