Demand for Queen Elizabeth memorabilia has been soaring in the wake of her death, with some particularly rare banknotes now estimated to be worth nearly £15,000.
Collectors have been scrambling to get their hands on unusual coins and notes featuring the late monarch – with experts expecting prices to rise further.
A Canadian C$20 bill with Elizabeth as a child has proved particularly popular since the 96-year-old died on September 8.
Pictures show the 1935 note featuring the then-Princess Elizabeth, aged 8.
At Alliance Coin & Banknote in Almonte, Ontario, owner Sean Isaacs is preparing for an auction this month featuring some ‘significant’ royal-themed items, including a number of the C$20 bills.
‘It’s one of the top 10 most desirable notes of the 20th century anyways, so I’ll be interested to see if there’s an above and beyond fervor around those notes,’ he said.
The bills Isaacs plans to auction range in estimated value from about C$300 (£198) to ‘a couple thousand’ dollars each, based on their condition.
A rare French version of the note without faults could even fetch C$18,000 (£11,857) to C$22,000 (£14,492), he estimated.
In a separate online auction, bidding for one of the bill stood at C$2,100 (£1,383) with 10 days to go.
Queries have been coming in from both seasoned collectors and novices eager to commemorate the death of Britain’s longest-reigning monarch, who appears on a record 33 currencies around the world.
Peter Hutchinson, a heritage coin specialist at Hattons of London, said he is fielding queries from as far away as Australia.
‘There’s been an incredible upsurge in demand,’ he explained.
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Mr Hutchinson suggested limited issue coins sold to collectors were proving most popular and said prices are rising as seasoned collectors try to fill gaps in their collections in competition with newcomers.
But he suggested the value of items like Canada’s 1954 ‘Devil’s Head’ note series – in which some say gives the illusion of a grinning devil in the queen’s hair – is only likely to rise further.
‘I think we’ll see them increase a considerable amount more now as more people enter the market and try to chase them down,’ Mr Hutchinson said.
‘It just takes enough people on eBay to chase the price up.’Choirboy hailed as 'MVP' for 'superstar' singing during Queen's funeral
Elizabeth II’s portrait is likely to remain in circulation in Commonwealth countries for some time.
In Australia, coin expert Joel Kandiah posted a TikTok video earlier this week suggesting the value of the country’s 2013 Purple Coronation $2 coin had ‘shot up’ to up to A$180 (£106).
Looking ahead, Ontario’s Mr Isaacs expects a rush of interest in any commemorative coins issued to celebrate the queen’s reign or the first coins featuring Charles as king.
‘That will be another momentous day in collecting,’ he said.
But it could be some time before cash featuring displaying King Charles III reaches circulation, particularly outside of Britain.
Central banks in Canada, Australia and New Zealand have all said Elizabeth will remain on notes for years to come.
The Royal Australian Mint explained: ‘Historically, coins bearing a new Sovereign’s effigy were released approximately 12 months after coronation.’
In the UK, it is unclear when cash and stamps will bear Charles’ likeness, though experts believe that work will be underway soon on designs, including preparing and approving a portrait of the King.
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